In the USA, a tentative ‘budget’ deal has been proposed to attempt to prevent a partial shutdown of aspects of the federal government:
October 27, 2015
Congressional leaders have reached a tentative deal with the Obama administration on a government spending plan that could avoid another contentious budget standoff between the White House and hardline conservative Republicans.
The agreement is the result of weeks of negotiations led by House Speaker John Boehner and Senate Majority Leader Mitch McConnell, the leaders of the Republican-led House and Senate, plus House Democratic leader Nancy Pelosi and Senate Democratic head Harry Reid.
The plan would fully fund the federal government and extend the government’s debt ceiling, or borrowing authority, through March 2017, two months after President Barack Obama leaves office. The plan boosts spending for both military and domestic programs by about $50 billion in 2016, and another $30 billion in 2017, as well as an extra $16 billion a year for the Pentagon’s overseas war fighting budget. The extra funding lifts the automatic spending limits imposed by Congress under a 2011 budget deal.
The extra spending would be offset by long-term savings to the Social Security Disability Insurance program and a cap on payments to health care providers by Medicare, the federal government’s health insurance program for elderly Americans.
The plan must be approved by the House and Senate and signed by the president before next Tuesday, November 3, when the government’s current borrowing authority expires and the nation faces a first-ever default on its debt obligations. Congressional leaders would then enter into negotiations to determine how to fund individual government agencies before December 11, when a temporary spending plan expires.http://www.voanews.com/content/congress-white-house-reach-deal-on-spending-plan/3024422.html
Notice that this proposal eliminates the ‘limits’ agreed to in 2011. In other words, the previous discussions and deals that the US government has made to supposedly lower the debt are out the window and debt will continue to increase.
Last night, WND had the following:
A stunning 9 of 10 respondents to a new poll say the federal government should be “forced” to live within its income and operate with a balanced budget.
And even more startling is the result that more than 75 percent say they would be more likely to “support a presidential candidate who pledged to shut down the government temporarily, if necessary, to stop borrowing and bring spending in line with tax revenue.”
The results are from a WND/Clout poll by Clout Research, a national opinion research firm in Columbus, Ohio. The telephone survey Oct. 15-19, had a margin of error of plus or minus 3.43 percentage points.
Asked whether you “agree or disagree that the federal government should be forced to live within its means and operate with a balanced budget,” 82.9 percent of the respondents said they “strongly agree.” Another 10.7 percent said they somewhat agree.
The combined total for Republican respondents was 94.3 percent, for independents 93 percent and for Democrats, who leaned more heavily to “somewhat agree,” 85.7 percent.
Eighty-three percent of Republicans nationwide said they are very concerned about the national debt, which now exceeds $18.4 trillion.
More than 92 percent were very concerned or somewhat concerned about the level of debt for every man, woman and child in America, and 82 percent of respondents oppose raising the debt ceiling again.
Respondents also had little expectation that the federal budget will balance within their lifetimes.http://www.wnd.com/2015/10/9-in-10-force-government-to-live-within-income/#hYK1yTOmQAUjIQHV.99
The deficit keeps going up which means increased debt and increased risk of destruction for the USA. Notice that most surveyed did NOT want a budget deal that has the federal government spending more than it takes in. Yet, that is precisely what the tentative deal that has been proposed will do.
Ultimately, the USA dollar will fall and be worth no more than the scrap value of its cotton-paper. Although many have pride that the USA dollar will stand, that is a misplaced pride.
US President Barack Obama once called the deficit spending ‘unsustainable,’ yet the total debt of the USA has doubled since he took office. WND seems to think that someone like Ben Carson is the solution:
For Republicans, the total was 78.1 percent, for independents 78.5 percent and for Democrats 17.8 percent.
“GOP sentiment on the debt reflects that Washington is out of control and needs a strong dose of restraint,” explained Clout Research partner Fritz Wenzel.
“The poll shows there is little confidence that under the current circumstances things will change, but they clearly favor strong medicine for the federal government. Right now, strong political medicine is being offered by a collection of outsider presidential candidates who are vying for the GOP nomination, and nationally, Republican voters are responding quite favorably towards Donald Trump, Ben Carson and Carly Fiorina. http://www.wnd.com/2015/10/9-in-10-force-government-to-live-within-income/#hYK1yTOmQAUjIQHV.99
While Ben Carson has proposed what may be the boldest first day step to try to deal with the debt of other candidates (see SDA Ben Carson on his first move ‘to save America’ if elected US President), he of himself is not the solution. While he and others possibly could slow down the debt increase, ultimately I believe that the USA will ultimately be considered bankrupt by other world governments, and that they will take military steps. The corruption in the USA has gone too deep (see Is the USA now an Evil Empire? and/or watch a related video: Is the USA an Evil Empire?)
News Presenter: John Hickey