The U.S. Government?hasn’t?just kicked the can down the road;?they’ve?punted it into the next county! So if you?re concerned about the government shutting down, you no longer have to worry about that, at least not until September. ?On March 26th, President Obama signed legislation that funds the Government through September 30th of 2013. Yep, that?s correct they gave the budget a good hard punt, putting off the necessity of actually creating and passing one for another five months. Please take note that this is NOT a budget, this law simply allows the government to keep spending money until September.
Sequestration – Act Two
What this means is that sequestration will continue until the end of this fiscal year, September 30th. Congress and the Senate have until then to establish and pass a budget for the 2014 fiscal year. There?s a possibility that the Senate and the House will reach some kind of budget deal by then, but I think it?s a slim one. I don?t know about you, but I?wouldn’t?be placing any bets on it.
The overall cuts imposed by sequestration will remain the same (at least until a budget resolution is passed). There will still be a reduction in spending of 85 billion for fiscal 2013. ?But the impact of the sequestration will be somewhat softened. ?Many agencies will have more flexibility in selecting what gets cut within their respective agencies. ?Maybe we won?t see any more ?scary? articles about illegal immigrants being released from jail due to lack of funds!?FoxNewsProbably not. I think the cuts have been?intentionally?aimed in areas that would create public outcry.
The biggest irony is that even though we are a month into sequestration, nothing seems to have changed much for the average American. Granted, I lost my job a few weeks ago but I would be hard pressed to blame that on sequestration. But, spring is still coming, the sun is still coming up every morning and life goes on!
Does Anyone Care?
Quite frankly, what amazes me is that this extension of sequestration was barely a blip on the radar screen of American news. I don?t think the Citizens of this country gave it much attention as all (and neither did the media). Personally, I think that the villagers should have marched on the town with blazing torches and pitchforks. Sadly enough, they?didn’t? Why is that? It?s because our expectations of responsible governance have been dissected and thrown out with the trash. We have become so immune to our Governments fiscal irresponsibility that this no longer surprises us.? As a matter of fact,?we’ve?come to expect it!
The Spending Problem
I can’t seem to grasp the fact the allow our Government leaders to act like a bunch of teenagers at the mall with credit cards that have no limit on them. Seriously, that’s about as accurate an analogy as I can think of to compare our government spending.
- “Hey look at that”
- “Yeah, that’s pretty cool”
- “What is it”
- “I dunno, but it’s only 3 gadgillion bucks”
- “You gonna get it”
- “Yeah dude, let’s get it and put it on top of your car”
Here?s a fact that is both surprising and sad. The U.S. government?hasn’t?had a budget signed into law since April of 2009. Yep, almost four years of multi-trillion dollar uncontrollable spending with no guidance or direction. Is it any wonder the U.S. government is in so deep over its head? It kind of reminds me of a Dr. Seuss story, ?Elephant?s, Donkey?s and Pork, oh my!? Pork, I could go on for pages about pork barrel spending. You?couldn’t?do a single post on it, you can probably dedicate an entire blog to that topic alone!
It has been [timer], Since the United States has had a Budget enacted into law!!
Both sides of the political spectrum have their ideological goals. The conflict between the two is obvious. Here is a boiled down version of what the two parties aim for. I won?t even name the two parties, I bet that any reader can put the names on the description with 100% accuracy!
Bigger Government, More Taxes, Spend More
Smaller Government, Lower Taxes, Spend Less
Quite frankly, I?m a bit fed up with the posturing and the wrong compromises. This extension of the sequestration was a bad compromise. Both of the parties wanted to avoid a Government shutdown. If you think that was for altruistic reasons, you?re wrong. They simply did not want to be labeled as the bad guys. Fell free to disagree with me on this point but A GOVERNMENT SHUTDOWN WOULD HAVE BEEN THE RIGHT SOLUTION FOR THIS IMPASSE.
The last time we had a Government shutdown was during President Clinton?s administration. The first was from November 14th through November 19th in 1995.?Although?short lived, it was quickly followed by another shutdown that started December 16th, 1995 and lasted to January 6th 1996. The net of that shutdown was that they hammered out a balanced budget. Remarkably, the next four years produced a balanced budget as well!
One interesting result of that shutdown was that the iconic President Clinton stated in his 1996 state of the union address,?The Era of Big Government is OVER?.?That seems to have been completely forgotten by the modern ?Progressive? as this administration and it?s supporters have been steadily herding the Sheeple of this country towards bigger government. Sadly enough, the majority of us have just been nodding our heads in blind agreement and marching towards the pastures of Big Government.
- Sequestration ? Let it Come ? Here?s Why
- What Is Sequestration And How Do I Get Rid Of It??CriticalFinancial.com
- Everything You?Didn’t?Want to Know About the Sequester?-?dqydj.net
?What are your thoughts on the Sequestration? Do you think that the Government should have shut down or did the Government to the right thing by extending sequestration?
Latest posts by Danielle (see all)
- 8 Investing Tips That All Beginners Should Know About - May 11, 2021
- 5 Reasons Why Freelancing Should Be Your Next Career Move - March 9, 2021
- 5 Ways to Improve Your Sales Pitch and Get Funding - February 22, 2021