Wednesday, January 09, 2013

Is Another Government Shutdown Coming In 2013?

Sadly, Republicans and Democrats are still unable to agree on much of anything in Washington D.C.. To make matters worse, soon the U.S. debt ceiling will need to be raised and some in the GOP want to shut the government down in order to force President Obama to make spending cuts to Social Security and Medicare.

The last time Congress and the President were unable to agree on a debt ceiling increase, major credit rating agencies upgraded the risk of United States debt. Some in Congress seem to be excited about the possibility the U.S. government will be shutdown again because Republicans and Democrats cannot come to a compromise. I certainly hope an agreement is reached before more damage is done to the country's credit rating.

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