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The U.S. Government Shutdown 2013

The Opportunities and Implications

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Implications of the Shutdown

  • Oct 3, 2013
Rating:
+4
The U.S. Government began closing down this week except for the
most essential services. Such things as the national parks and
tourist facilities have been de-funded at least temporarily.
President Obama met with leaders of the Congress; however,
both sides are readying for some tough negotiating.
 
President Obama is looking to preserve The Patient Protection
and Affordable Care Act intact while Republicans are contemplating
ways to dismantle the program. Some commentators have suggested
placing Congress under the Obamacare instead of allowing them to
have a 75% reduction in cost for health care delivery. The idea is
to have everyone subject to the same rules so that the Obamacare
can be retrofitted to practical implementation imperatives down
the road.
 
In addition, Congress could repeal the penalty provisions of
Obamacare and raise money by taxing excess or wasteful consumption.
In addition, the incentives in the healthcare system should reward
wellness attainment and not simply manage disease processes.
 
 
Americans already are discovering that the government shutdown
could pose a risk to public safety by having government agencies
operate on a skeletal staff for an indeterminate period of time.
The top Republican leaders realize that Obamacare is a done
deal in actuality. The real battle is not with Obamacare but with
raising the debt ceiling which was done multiple times under 
President Reagan. 
 
The key to the debt ceiling is to strike a bargain on containing 
debt within a predetermined relevant range in alignment with a 
growing GDP, as well as a larger population in the U.S. over the 
Reagan, Bush and Clinton years. The bargain between President
Clinton and the Congress on government spending resulted in
balanced budgets and surpluses as far as the eye could see.
 
Today, President Obama and the Congress must strike a similar
debt deal and make it stick by staying out of costly foreign
entanglements.
Implications of the Shutdown

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October 05, 2013
I'd be happy with just not paying taxes for the shut-down services.
October 05, 2013
Great idea! The government spends millions an hour. A weeklong shutdown could save billions.
 
October 03, 2013
Nice discourse! Good sallient points. Since the government is paid for by taxpayer money, shouldn't they give tax refunds for whatever is not functioning?
October 03, 2013
Probably!
October 05, 2013
great points. wonder how long this will last
October 05, 2013
Probably several weeks to a month at most!
 
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Dr Joseph S Maresca ()
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Dr. Joseph S. Maresca CPA, CISA      Amazon / KDP Books:   SEARCH- America's Comparative Advantage by Dr Joseph S Maresca   SEARCH- The Solar Energy Potential … more
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