US GOVERNMENT SHUTDOWN
Of course I am very naive and I don’t know anything about government, politics and finances etc. Please explain to me how a country goes into debt for trillions of dollars??????????????????????
So many people will suffer if the government shuts down whatever that means. I wonder if the president and his staff etc will get paid????????????????????
I am so upset even though I am a Canadian but the US politics seems to affect all of us. I don’t understand why they are still powerful when they don’t have any money.
Maybe one of you can explain things to me in simple terms????
The shutdown has nothing to do with the debt. Congress hasn’t passed a budget for the next fiscal year which means government services aren’t funded, which means they’re shut down. The President does still get paid, and there are a number of essential government services that are not shut down (for instance, Social Security will still be paid out). Congress actually hasn’t passed a budget in several years, but the government was able to keep on going with what is called a Continuing Resolution. Which I guess isn’t happening this time. Yep, we’re pretty awful. As far as the debt goes, government debt isn’t quite the same as personal debt. I don’t pretend to understand much of it but Wikipedia does: http://en.wikipedia.org/wiki/National_debt
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