government default

CONGRESS VOTES TO END SHUTDOWN

 

Update October 17, 2013:  President Obama signed the measure into law last night, ending the shutdown.

By Nadin Abbott

October 16, 2013 (San Diego)--Tonight both the House and the Senate voted to end the government shutdown and raise the debt ceiling—just in time to prevent the U.S. from defaulting on our national debt by tomorrow’s deadline. The measure will fund the Government until January 15 and raise the ceiling until February 17. Moreover, a conference committee between the House and the Senate to discuss the budget has finally been appointed.

Among San Diego’s Congressional delegation, only Republican Duncan Hunter was unwilling to prevent a default on America’s debts, casting a “no” vote.  Republican Darrell Issa joined with Democrats Susan Davis, Juan Vargas and Scott Peters to vote in favor of the continuing resolution to find the government and end the shutdown. Overall in the House, 285 voted yes and 144 voted no. 

The vote in the Senate was overwhelming, with 81 of 100 Senators voting for the bill, including most Republicans.  California Senators Barbara Boxer and Dianne Feinstein both voted yes.

POLITICAL REFLECTIONS COLUMN: GOVERNMENT SHUTDOWN-- TRIUMPH OF THE RAND

by Mark Gabrish Conlan  for East County Magazine, www.eastcountymagazine.org

I will not live my life for any other man, nor ask any other man to live his life for mine. — Ayn Rand, Atlas Shrugged

October 10, 2013 (San Diego’s East County) -- As I’m writing this, it’s the eighth day of the shutdown of the federal government, and there’s no end in sight. What’s more, unless Congress acts to expand the so-called “debt ceiling” — the total amount of money the federal government can borrow to fund its current obligations ­— by October 17, the U.S. could default on its loans for the first time in its history.

Economists and businesspeople are warning that this could be catastrophic for the future not only of the U.S. but the entire world’s economy. As Douglas Cote, chief market strategist for IMG Investment Management U.S. in New York — not exactly your most flaming liberal or Leftist source — was quoted in the October 3 Los Angeles Times, the politicians who have brought about the government shutdown and are threatening to force the U.S.’s first-ever default are playing “a form of Russian roulette with a loaded gun.”