Government Shutdown
There is a need to pass a bill extending routine government funding after a stopgap bill expires March 27. Without an extension, a partial government shutdown would occur. Congress must pass this spending bill, called a continuing resolution or “CR,” which would continue spending after Sept. 30, 2013, the end of the 2013 fiscal year. As it stands now, the government’s legal authority to borrow more money runs out in mid-October, 2013. According to the Bipartisan Policy Center, if that date arrived on October 18, the Treasury “would be about $106 billion short of paying all bills owed between October 18 and November 15. The congressionally mandated limit on federal borrowing is currently set at $16.7 trillion. The debt limit has been raised 13 times since 2001 and has grown from about 55 percent of Gross Domestic Product in 2001 to 102 percent of GDP last year.

SHUTDOWN vs SLIMDOWN

10/3/13
from The Gray Area:

In politics today it is important to control the language of the debate. With language control, every other detail is communicated in your terms. The current Congressional debate on the continuing resolution (CR) to fund the government is no different. In addition to the debate on the issues surrounding the CR is the public definition of whether the lack of a CR will result in a "Shutdown" of the government or a "Slimdown".

The left, and the mainstream media, favor the more historical descriptor, "shutdown". The "shutdown" connotes that the government is wholly unfunded and every expense of the government will be halted more or less immediately. For example, left wing site Mother Jones offers "48 Ways the government shutdown with screw you over". The left and the mainstream media largely blame the House Republicans for the "shutdown".

The right is attempting to introduce a new label, "slimdown". FOXNews is really the only organization regularly describing the ongoing CR stalemate as a "slimdown". The "slimdown' label introduces the concept that not all government functions are affected at the same time and initially, very little is affected. Fox and the right are blaming President Obama and his refusal to negotiate for the "slimdown".

It appears the "slimdown" is the more accurate label at this point. CNBC offers a "fair and balanced" view of what is and will happen to government functions. Initially, the first days and weeks the only functions seriously and immediately affected will be for tourists of our national parks and monuments. Home buyers seeking government backed mortgages could face delays. That is not a dramatic "shutdown". Everyday and week that the CR is not approved in Congress will find more and more functions will be affected and US citizens will be impacted.



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