Wazua
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US Government shutdown
Rank: Member Joined: 1/7/2007 Posts: 838
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This whole issue is about business. Pure and simple. The Republicans have more to lose if Obamacare goes through. They own the pharmaceutical industry in the US. That is the real picture. They gain more if Americans remain uninsured. With all this talk about democracy and patriotism doesn't it look a little suspicious that they would rather cripple the their own country for a few bucks? And this is from the democracy policeman of the world? FMA WHO DARES WINS
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Rank: Member Joined: 2/7/2013 Posts: 447 Location: Nairobi
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Magigi wrote:In U.S. politics, a government shutdown is a situation in which the government stops providing all but "essential" services. Typically, services that continue despite a shutdown include police, fire fighting, the National Weather Service and its parent agencies, medical services at federal facilities, the postal service, armed forces, air traffic management, and corrections (the penal system).
In a few hours time the US government will shutdown due to political wrangling over federal spending and Obamacare. It is clear that The Republicans want to frustrate the Obama presidency to the last day! am even envious of what they will provide in this 'shut down'..over here in Kenya doesnt sound like a shut down but everything that we really NEED or wish we had/have working... You cant win, unless you first begin....
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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previous shutdowns lasted between eight and twenty one days, how long will this one last?
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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I think this shut down is more dramatic symbolically than in reality: America is still a federal country, and State governments and their functions will continue to run. Granted, federal government employees and contractors will suffer, but the real pain will be if the debt ceiling is not raised, and the US has to default on its debt however momentarily. That would shake confidence in markets, but even then most money would have nowhere to go: Europe is sickly, Britain is up to its plimsolls in hot money, and China is nearly as risky as Africa - while Japan has been in stasis for two decades. In the short and medium term, America remains the big boss!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Member Joined: 10/14/2011 Posts: 661
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McReggae wrote:I think this shut down is more dramatic symbolically than in reality: America is still a federal country, and State governments and their functions will continue to run. Granted, federal government employees and contractors will suffer, but the real pain will be if the debt ceiling is not raised, and the US has to default on its debt however momentarily.
That would shake confidence in markets, but even then most money would have nowhere to go: Europe is sickly, Britain is up to its plimsolls in hot money, and China is nearly as risky as Africa - while Japan has been in stasis for two decades. In the short and medium term, America remains the big boss!!! First, there are the estimated 800,000 federal employees who will be off the job Economists say the impact will come not just from those lost wages, but also from related businesses cutting back or halting their operations. Then, there's the impact from increased business uncertainty that trims investments and disrupts financial markets. Total economic impact is likely to be at least 10 times greater than the simple calculation of wages lost by federal workers Federal contractors will also have to cut back on staffing if they don't get the business they normally do from the government. The real worry is if the current legislative battle prevents the debt ceiling from being raised before Treasury runs out of cash to pay the nation's bills. http://money.cnn.com/201...ct/index.html?iid=s_mpm
The U.S. dollar weakened Tuesday as the United States federal government began to shut down but stock markets around the world mostly shrugged off the risk to economic growth. http://money.cnn.com/201...tml?source=yahoo_hosted
World market reaction muted as U.S. government shuts down http://finance.yahoo.com...-muted-u-081100122.html
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Rank: Elder Joined: 3/31/2008 Posts: 7,081 Location: Kenya
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McReggae wrote:I think this shut down is more dramatic symbolically than in reality: America is still a federal country, and State governments and their functions will continue to run. Granted, federal government employees and contractors will suffer, but the real pain will be if the debt ceiling is not raised, and the US has to default on its debt however momentarily.
That would shake confidence in markets, but even then most money would have nowhere to go: Europe is sickly, Britain is up to its plimsolls in hot money, and China is nearly as risky as Africa - while Japan has been in stasis for two decades. In the short and medium term, America remains the big boss!!! ...Hii Ujaluo itaua wewe!!! 
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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Magigi wrote:McReggae wrote:I think this shut down is more dramatic symbolically than in reality: America is still a federal country, and State governments and their functions will continue to run. Granted, federal government employees and contractors will suffer, but the real pain will be if the debt ceiling is not raised, and the US has to default on its debt however momentarily.
That would shake confidence in markets, but even then most money would have nowhere to go: Europe is sickly, Britain is up to its plimsolls in hot money, and China is nearly as risky as Africa - while Japan has been in stasis for two decades. In the short and medium term, America remains the big boss!!! ...Hii Ujaluo itaua wewe!!! Ma t'ang'oo? plimsolls?
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Rank: Member Joined: 3/25/2013 Posts: 552 Location: Asgard
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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poundfoolish wrote:Magigi wrote:McReggae wrote:I think this shut down is more dramatic symbolically than in reality: America is still a federal country, and State governments and their functions will continue to run. Granted, federal government employees and contractors will suffer, but the real pain will be if the debt ceiling is not raised, and the US has to default on its debt however momentarily.
That would shake confidence in markets, but even then most money would have nowhere to go: Europe is sickly, Britain is up to its plimsolls in hot money, and China is nearly as risky as Africa - while Japan has been in stasis for two decades. In the short and medium term, America remains the big boss!!! ...Hii Ujaluo itaua wewe!!! Ma t'ang'oo? plimsolls? Ningesema tu soles....ok!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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Their AAA rating might take a hit if they default - and the next debt issue round just prove to be a little more expensive. Financiers are greedy, they didn't hesitate in downgrading France.
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Wazua
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US Government shutdown
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