Government Shutdown Looms as GOP Holdouts Demand Fiscal Responsibility
Shared By Peter Boykin – American Political Commentator / Citizen Journalist / Political Candidate
Government Shutdown Looms as GOP Holdouts Demand Fiscal Responsibility
Government Shutdown Looms as GOP Holdouts Demand Fiscal Responsibility
Government shutdown in 3… 2…
With less than 48 hours remaining for lawmakers to pass a government funding bill, the prospects of a government shutdown are growing. A stalemate over spending cuts between Speaker Kevin McCarthy and dissenting members within his own party is making a shutdown increasingly likely.
The U.S. national debt has spiraled to over $33 trillion, with an estimated federal budget deficit of an additional $2 trillion for this year alone. The nation simply cannot continue to spend $2 trillion more than it generates in revenue.
Enter the Republican Holdouts: A coalition of more than a dozen conservatives, spearheaded by Rep. Matt Gaetz, is making several demands, including:
– Genuine reductions in federal spending.
– The passage of 12 separate single-subject appropriation bills, as opposed to one massive omnibus bill. Their rationale is that the 12 smaller bills allow for better scrutiny and elimination of wasteful spending.
– Cuts in spending related to Ukraine and defunding the Department of Justice, which they perceive as woke and weaponized.
Unpacking the 12 Single-Subject “Appropriations” Bills: Congress is mandated to fund the federal government through a process called “appropriations,” traditionally involving 12 distinct “appropriations” bills for various government sectors, such as defense, education, and agriculture.
Speaker McCarthy intends to bring a vote on a short-term bill today that would fund the government until November 17th. He contends that this extension will provide lawmakers with more time to hammer out an agreement. However, the holdouts argue, and we concur, that McCarthy has had ample time to prepare, knowing full well that the September 30th deadline was looming.
The Deadline: Should a deal remain elusive by 11:59 PM on Saturday, the government will face a shutdown.
Implications of a Government Shutdown: Essential services, including the military, will continue functioning, but several federal agencies, national parks, and monuments will close temporarily. Federal employees may find themselves working without pay until the government resumes its operations, at which point they will receive back pay for their work.
Alternative Paths for McCarthy: There are speculations that McCarthy may broker a deal with Democrats to secure their support for his short-term bill. However, such a move would likely spark a revolt within the GOP conference and could lead to his removal as Speaker. We believe such a scenario is unlikely.
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