What is Email Bankruptcy?

Will the United States, the world's most powerful, "close" its federal government? The American media have said that it is "very likely" and that April 8th is the local time limit. If the two parties in the fierce battle in Congress cannot reach a compromise on the federal government budget, the world will really hear " "Dangdang" closed the door.

Closing crisis

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The most powerful in the world

It means that more than 800,000 federal employees will be temporarily fired. American soldiers in Iraq will not receive at least the full salary for the first half of April, passports and visas will not be processed, and many strange things will happen. The last "stop" of the US government was during the time of Clinton's administration in the 1990s. Now from the Pentagon to the CIA to the social welfare department, various departments on the US national machine are waiting for the last minute to come. Chinese scholar Jin Canrong told reporters on the 7th that the government's shutdown is like a "fever" to the United States, and the country will not mess, but it exposes the problems of the United States. CNN said that the government shutdown would damage the United States' international reputation and capabilities, and lead people to the conclusion that the US political system is dysfunctional. ^[1]

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"The deal is still not concluded." On the 7th, a red headline such as this one was featured on the Huffington Post website in the United States. Late at night on the 6th local time, Obama held an emergency meeting and invited Senate Democratic Leader Reed and Republican House Speaker Bona to the White House for a 90-minute secret talk. After the meeting, Obama said that he "is still confident" in reaching a compromise and avoiding the government shutdown. Reed also expressed optimism, but Bona stressed that the deadlock has not yet broken. He also said that the Republican Party did not want to fall into a deadlock. "No one really wants Let the government shut down. " In a political satirical caricature of the American media, a man wearing an American flag turban is lying in a coffin, a tombstone with the words "Government closed" has been erected, and a worker with a shovel next to it has shoveled the soil, waiting for the coffin to cover on. Some US media have begun to update the progress of the incident in minutes by referring to the way the turmoil in the Middle East is reported. The Wall Street Journal reported on the 6th that White House Chief Performance Officer Zands had sent e-mails to deputy ministers and chief of staff, asking them to prepare emergency plans for an orderly government shutdown.

Obama called for an "adult dialogue" on spending issues, and Republicans refuted his speech, claiming that they also want "adult dialogue." The dispute between the two sides may seem childish, but the stakes involved are not small. Both sides are trying to win public support and show leadership qualities to attract voters.

The New York Times website published a letter from a reader on the 7th, with pictures of two sketch men fighting, vacating their fists and fighting each other. For this political struggle in Washington, the Associated Press wrote on the 6th: Suddenly, everyone in Washington wanted to be an "adult."

The US government shutdown often occurred in the 1970s and 1980s, but it has not happened in the past 10 years. The last time was during Clinton's administration, and the closing in 1995-1996 was also the longest in American history, lasting 21 days.

The tone of an article on the 6th of the "Business Daily of the Funder" was surprisingly easy, stating that "the short-term government shutdown is probably equivalent to the United States experiencing a few unusual blizzards in April" and "the sun still rises." But most American media, experts and politicians are not so calm. An article in the Washington Post on the 7th said that for Robinson, a federal government official, April 8 might be called "Terror Friday". The 34-year-old single mother said, "If I don't work, I have nothing." The Washington Post said that if the US government is forced to close, 800,000 civil servants, and perhaps more, will be suspended.

What happens when the US government closes? The Wall Street Journal said that 800,000 of the approximately 2 million civilian employees in the U.S. will be temporarily fired without pay and unable to work in their government positions; military operations by the U.S. Department of Defense will continue, but service personnel will not receive them during the shutdown At salary, civilian employees will be temporarily fired: the CIA will be reduced accordingly; those applying for new benefits will face delays, national parks will be closed, visas and passports will be delayed, and some national inspectors of food and medicine will face delays The temporary suspension of work will affect the application of loans by small businesses; the Federal Reserve, the US Postal Service, and law enforcement agencies will continue to work.

"US $ 14,000,000,000", in the comments related to the US government's shutdown crisis, this dizzying figure has been mentioned in large quantities, US $ 14 trillion, which is the current US debt scale. One of the focus of the argument between the Republicans and Democrats over the 2011 budget is to cut the size of government spending. The August Chronicle of the United States writes that the new generation of Democratic leaders are content to spend money on future generations so that they can look like Santa Claus in order to win the next House election. The article taunted and said, "Perhaps Democrats are right, the money tree is still flourishing." The Puma Daily complained that "the situation in Libya is making the U.S. budget worse." The article said that the US debt reached 14.2 trillion US dollars and the national deficit was 1.5 trillion US dollars. In the Libyan operation, the United States spent $ 600 million in 6 days. Can the United States afford such a military operation? Obama spoke on March 28 that the United States must act when it comes to interests and values, so what about Syria? What about Yemen? What about Iran? And what about Darfur?

Sun Zhe, an expert on international issues at Tsinghua University, told reporters on the 7th that if the government shutdown is a symptom of a major illness in the United States, then this major illness should be the "liability management" of American society. At present, the United States alone spends more than $ 700 billion on military spending each year, and most of this money is borrowed. This is a morbid state.

Deutsche Bahn wrote on the 7th that "heavy debt overwhelms superpowers", what is the biggest threat to the United States? It is not Iran, North Korea, or "Al Qaeda", but debt. Clinton reformed and left a surplus, but his successor did not use it to reduce debt, and President Bush repeatedly lowered taxes. The United States has clearly failed to make ends meet. The "9-11" incident, the wars in Afghanistan and Iraq, and the severe economic crisis have been one after another. The U.S. real estate market bubble has burst, banks and insurance companies are on the brink of abyss, the auto industry is facing bankruptcy, and the United States has never found a "savior." Der Spiegel said that the US government has turned on the faucet of the budget deficit, and it is not easy to close it now.

On the night of the 8th, Obama, the Speaker of the US House of Representatives (Republican leader) John Bona, and the Speaker of the Senate (Democrat) Reid finally reached this temporary financial appropriation agreement after hours of closed-door consultations.

In order to ensure the passage of the above-mentioned budget, Obama cancelled his trip to India and his family trip to Williamsburg, Virginia on the weekend.

A joint statement from Bona and Reed said, "We have agreed to this historic appropriation (bill)." Bona announced that the completion of the interim funding bill would guarantee "our government continues to operate." He said this would guarantee federal government spending before a formal budget is passed by Congress and approved by Obama for signature.

Next week, the two parties will resume consultations on a longer-term budget. ^[2] Closing crisis suspends Obama's claim that "cutting spending is painful" According to AFP, US President Barack Obama reached this on the evening of April 8 local time on the United States Democracy and Republican Party when the federal government was about to be shut down. An agreement states that the United States will cut public spending significantly. Although this move is "painful", it is necessary to cut spending in order to combat the huge fiscal deficit.

According to reports, Obama spoke in the White House Blue Room (White House Guest Room) on the night of the 8th, saying, "Tomorrow (April 9), I will be happy to announce that the Washington Monument and the entire federal government will be open normally."

"Democratic and Republican parties, while creating the largest annual spending cuts in our history, are also investing in our future through budgets on behalf of all Americans," Obama said.

Obama pointed out that some of the cuts in the budget agreement reached this time would be "painful" and that he would not agree to cut those spending once it is in a better situation. However, in order to protect investment and help the American people fight for new employment opportunities, arranging the budget in this way is the "only way" for the United States.

According to the preliminary agreement, the U.S. federal government will cut US $ 38.5 billion in expenditures in 2011, which will become the largest spending reduction plan ever in the United States.