Federal Government shutting down?

Posts: 10951 - Karma: 15,634

Karma: 15,634

Posts: 10951

Crazy Fool

Can anyone explain to me what is going on here. I keep seeing this and I'm not too sure what or why the "shut down" is happening.

14 years ago

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Arabian.

Posts: 9671 - Karma: 483

Karma: 483

Posts: 9671

Crazy Fool

http://lmgtfy.com/?q=federal+government+shuts+down

14 years ago

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icantskiiFILM

Posts: 2113 - Karma: 140

Karma: 140

Posts: 2113

Addict

Basically what I've gathered is:
Democrats agree to cut a certain amount.
Republicans want to cut more.
Democrats won't compromise.
Apparently there wasn't a 2010/2011 fiscal year budget.

Which all of this is going to make QE2 even more interesting when it concludes in a couple of months.

I'm sure something will be done hush hush, last night or in the middle of the weekend.

14 years ago

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Lemuel

Posts: 14544 - Karma: 11,158

Karma: 11,158

Posts: 14544

Crazy Fool

Basically, all government funding is stopped until everyone complains to their state senators to get shit done the right way.

14 years ago

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ESAND

Posts: 1607 - Karma: 744

Karma: 744

Posts: 1607

Insane

Its really simple. The government needs money to function. Since the people in the legislature can't agree on how much to spend the government will have no money. If it has no money it can't run.

14 years ago

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