Category: business


When legislators in Congress are appointed to a “presidential blue-ribbon committee,” their importance raises in their party. Instantly, their influence is more significant, and the media begins to seek them out for interviews. The six Democrats, three from the Senate and three from the House, and the six Republicans three from the Senate, and three from the House comprise “Obama’s Super Committee.”

The “Super Committee” is a twelve bipartisan Congressional group who will work on a debt-reduction strategy to reduce the deficit by $1.5 trillion by Thanksgiving of this year. The twelve member panel has a historic opportunity to overhaul the Tax Code and entitlements. If the committee fails to produce a debt reduction plan of $1.2 trillion, across-the-board cuts would kick in evenly divided between defense and non-defense spending to make up $1.2 trillion in cuts.

The committee’s co-chairs are Representative Jeb Hensarling (R-TX) and Senator Patty Murray (D-WA). The rest of the members are as follows; Representative Chris Van Hollen (D-MD), Senator Jon Kyl (R-AZ), Senator John Kerry(D-MA), Senator Pat Toomey (R-PA), Senator Max Baucus (D-MT), Senator Rob Portman (R-OH), Representative Xavier Becerra (D-CA), Representative Dave Camp (R-MI), Representative James Clyburn (D-SC), and Representative Fred Upton (R-MI).

There is a good cross-section of experience and knowledge on the panel, but I wonder if anyone has the courage to significantly cut the military’s budget and funding. In the last ten years, the military base budget has increased by 80% from $302 billion in 2000 to $545 billion in 2011, says the National Priorities Project. The total cost of the Iraq war since 2001 is $869 billion, and the cost of the Afghanistan war $487 billion.

Most people ignore the nation’s security budget, but that became a new line item in 2001 with homeland security. This is a hard line item to arrive at because it flows through dozens of federal agencies. It started as a request for 16 billion, but in the last ten years the government has spent $636 billion.

When the figure for military spending for the last ten years is added up, the number is around $8 trillion. This is the number that the National Priorities Project has used, but a recent study published by the Watson Institute of International Studies at Brown University took a broader approach. By including funding for such things as veterans benefits, future cost for treating the war-wounded, and interest payments on war related borrowing, they came up with an additional $3.2 trillion.

These additional expenses increase the number for military spending in ten years to be around $11 or $12 trillion. With all the serious discussion on reducing the debt, it would seem logical to take a hard look at military funding and spending. There are some on the Super Committee who are against cutting military spending and believe that funding should be increased.

Nevertheless, the question must be raised, is our country safer with all the money being spent, and is the money being wasted? For the last ten years, the government has tries to do an audit with the military, and they haven’t had any success. There are so many secret funds, because of national security, an audit is vertically impossible.

Everyone knows that there is fraud, waste, abuse, and mismanagement in the military’s budget. It would appear that in the military’s budget, the legislators could find $600 to $700 billion to cut over the next 5 to 10 years. Cutting another $500 billion is going to be tough and the Super Committee has its work cut out for them.

The president is finally getting the parties to sit down and arrive at a compromise. All eyes and the media will be focused on the Super Committee for the next four months.

WHEN TIMES WERE GOOD: Dr. Cornel West & President Obama during 2008 campaign

As President Obama is gearing up for his 2012 campaign and election, Dr. Cornel West has created a name calling and mudslinging crusade attacking the president. There is nothing wrong with a valid discussion about how the president can improve his polices as it relates to poor people and Black people. But to turn the discussion into a circus and shouting match with other esteemed African American leaders, makes our community appear elementary and silly.

 

Dr. Cornel West, professor of African-American studies at Princeton University

Dr. Cornel West is a respected scholar and author, who is a

Political & celebrity media giant Tavis Smiley & Dr. West

African-American Studies professor in Princeton University’s Department of Religion, and has also taught at Harvard. His credentials are impeccable, and the educated intelligentsia in the African American community respects his volumes of work. He is considered a leader on race relations in America, and he is in great demand in mainstream media for his thoughts and theories.

During President Obama’s first campaign, Dr. West was involved in over 60 campaign events supporting the president. But once President Obama was elected, there was an ideological divide between the president and Dr. West. This problem was exasperated when Dr. West did not receive tickets to the Presidential Inauguration, and the president did not appear at a Tavis Smiley event during the campaign.

 

Once the president was in office, it appeared that there was a disconnect between Dr. West and the president, and things between the two got worse. Dr. West has consistently announced to the media that he is profoundly disappointed with President Obama’s policies. He has also questioned the president’s backbone, moral consistency, and fairness to working and poor people.

Many scholars, mainstream and Black agree with Dr. West’s attacks on the president for not launching an aggressive plan on poverty and jobs. With over 90% of Blacks who voted for President Obama in the first election, a large percentage feels that the president could have done more for the African American community.

Nevertheless, it appears that Dr. West has a personal vendetta against the president and his administration. He is constantly calling the president a technocrat, and asking what does he stand for. Dr. West does acknowledge that President Obama is better than John McCain, but the rest of the discussion appears to be negative.

From my personal standpoint, Dr. West is not wrong when he criticizes the president, but it is necessary to present a balanced discussion, which does not degenerate into name calling and mudslinging. The media has accepted Dr. West as a legitimate leader and spokesman for Black political thought. Spending his time criticizing and tearing down the president’s policies could force the independents and the different minorities to not vote in 2012.

NAACP president Benjamin Jealous

Reverend Al Sharpton

Political leader and radio personality Dr. Boyce Watkins

 
 

 

 

 

It is time for Dr. West, Rev. Al Sharpton, NAACP, Urban League, Black politicians, Black media personalities, business and community leaders, Dr. Boyce Watkins, and other scholars to get behind closed doors, resolve their differences, and develop a Black political agenda for 2012. This agenda must be comprehensive and address the core and fundamental problems that impact our community.

Dr. West at BET Hip Hop Awards show in 2007

Shouting, name calling, and mudslinging makes us look unprofessional, silly, and elementary. President Obama is not confined to working people or Black people, but must include all classes and segments of the population. He has a responsibility to the military, Wall Street, the middle class, international corporations, as well as the man on the street.

The 2012 election will be here very quickly, and now is the time to get organized and mobilized for the campaign. Dr. West was has the opportunity and the ability to help mobilize the poor and minority community to support the President for re-election. Moving beyond derogatory rhetoric will improve the image of President Obama, and help get him elected to a second term.

 

African-Americans in June 2011 have the highest rate of unemployment of any ethnic group in America. The most recent numbers from the Bureau of Labor Statistics report that black unemployment is 16.1%, and the total unemployment in the country is at 9%. While white unemployment has decreased since May of last year to 8%, our numbers are increasing.

The unemployment numbers for Hispanics is 11.8%, and the rate for Asians is at 6.4%. There are a variety of reasons for the disparity in the numbers, but we all can agree that there is a crisis and a state of emergency in the African-American community. To Reverend Jesse Jackson, the high numbers of unemployed black is a

Rev. Jesse Jackson

“cry for help” due to systematic racism and a failure to enforce the law.

I would agree with Rev Jackson, but I think the problem of black unemployment is far more complex, and a portion of our problem is the state of our family and community. A lack of education is pervasive in our community, and a small percentage in the black community is prepared for present jobs and jobs in the future.

The problems with unemployment in the black community must be attacked on many fronts. African-American politicians, the black business community, black leaders and community organizers must petition and put pressure on President Obama and his administration. We should not be satisfied with a generic workforce conference, but what we need is a jobs conference focused on the black community.

In 2011, it is not politically correct or expedient for our president to talk about or focus on the problems in the black community. But when we analyze the unemployment numbers, blacks are hurting the most. We have the worst numbers in the country and there is no plan to alleviate the suffering.

Dr. Boyce Watkins

“Like a festering and infested wound that remains untreated, President Obama’s support within the black community is threatened by the fact that the people who love him most are suffering unlike anything our nation has seen over the last 50 years,” says Dr. Boyce Watkins. Since the beginning of 2008, some 375,000 government jobs have been eliminated, and blacks make up 21% of the government workforce. Many blacks who had excellent government salaries have lost a paycheck, and the same is happening in the private sector.

Many Blacks in blue collar positions and lower class jobs are losing their jobs to many in the Hispanic community. Restaurant workers and the agricultural industry are now controlled by immigrants, who make sure that their family is the first hired. With global outsourcing, many of the office jobs and manufacturing jobs no longer exist.

There are no simple answers to the Black unemployment crisis. The question must be raised is, Just how high does the black unemployment rate have to be before the Obama Administration and Congress consider it a crisis? Maybe the Congressional Black Caucus can initiate a study on black unemployment in their districts and spearhead a movement to develop a plan to eliminate and improve black unemployment.

As the black unemployment numbers continue to deteriorate, it is time for African-Americans to use their political clout. If the automobile industry, housing industry, financial industry, and construction industry can get billions in bailouts, there is no reason why the black community should not get their portion of bailouts.

In many of these depressed communities, the target market is 75% to 85% African-American. Everyone in the country must be held accountable for this crisis. The solution must start with the apathetic attitude in the black community, and should also be addressed in the White House and the halls of Congress. African-Americans must attack unemployment on all the fronts, and our community must be mobilized with an organized plan.

Parliament building for the Canadian government

The jury is still out, if the $80 billion bailout from the federal government for General Motors and Chrysler saved the auto industry. Chrysler is repaying $5.9 billion in U.S. loans, and a $1.7 billion loan to the Canadian government. The company has been bought by Fiat, the Italian company, and the U.S. government will lose around $1.4 billion in the bankruptcy deal.

 

 

General Motors who also went through bankruptcy, received $49 billion from the federal government. The vast bulk of the bailout money was $6.7 billion in pure loan, and 60% equity stake in the company. The Canadian government gave GM $1.4 billion as pure loan, and another $8.1 billion for an 11.7 percent in equity holding. The U.S. and Canadian government initially together owned 72% of the company.

In the last weeks, the Obama administration has announced that GM and Chrysler have paid back their loans to the federal government and they will loss only $14 billion. It is very strange that these two companies are able to pay back a loan and either company has broken even or made a profit.

It is obvious that the federal government and the two automobile companies are doing some creative accounting to make the numbers work. Without a company making a profit, it is very difficult for it to pay back a loan, unless they were given more money in another deal.

GM was able to pay a loan off ahead of schedule, because the Obama administration gave the company and additional $13.4 billion as “working capital.” There were no stipulations on how they could spend the money. GM used the money to pay back the U.S. and the Canadian government with “working capital” money.

In other words, GM is using government money to pay back government money to get more government money. President Obama and his administration is celebrating the auto companies for doing a good job with the bailout loans, but the government is giving them more bailout money.

The government is not being transparent with its information, when they tell the public that the two auto companies are paying back their loans. Both of the companies were bankrupted and the government is using taxpayer’s tax money to prop and financially support the companies. The government is digging a deep hole, and they are only telling half of the story.

The government has sold Chrysler to Fiat and the Italian automaker now controls 52% of the stock. The rest of the stock is owned by United Auto Workers, and there are no guarantees that this partnership will be successful. But at this point the U.S. can wash its hands of this financial nightmare.

GM is a bigger headache because the government still owns about 23% of the stock, and the loan was paid

U.S. Secretary of Treasury Tim Geithner

by other government money. U.S. Secretary of Treasury Tim Geithner says, “Today, America automakers are mounting one of the most improbable turnarounds in recent history – creating new jobs and making investments in communities across our country.”

This is a great statement, but either one of the auto companies have broke even up to this point. Paying off government loans with more government money is deceitful and eventually there will be a major financial problem.

Losing $14 billion on any loan is a terrible deal. Knowing that the loan was paid with more government money makes the auto bailout a worst deal, which could put our economy back into a recession. Without any earning or profits, there should be no celebration and announcement of a historic turnaround in the auto industry.

President Obama Spends Six Days “Mending Fences” in Europe …by Roger Caldwell.

President Obama speaking in Europe

There is a shift taking place in the world economy, and the United States must make friends with those we considered enemies. China, Japan, and India are the richest countries in the world behind America, and we are forced economically to make financial agreements. Many European countries are starting to think that U.S. is more concerned about its relationship with other countries, as opposed to them.

Last week President Obama, his wife Michelle, and his administrative team made a

President Obama with his wife, Michelle

six-day, four-nation tour to Europe. The purpose and focus of the trip was to discuss a broad range of economic and security matters as well as reaffirm our friendship and solidarity with the European countries.

The trip began in Ireland where President Obama has family roots, and was well received with large crowds lining the streets to welcome him. Everywhere he went in small villages or large cities, he was warmly greeted. His message for the Irish was inspirational despite current economic troubles; “we both will weather the storm and come out better.”

The next two days were spent in England, where President Obama made his first official state visit, where there was ceremony, and a special formal dinner. The president was given the opportunity as the first American president to address both the House of Commons and the House of Lords in Westminster Hall with a speech.

President Obama and Prime Minister Cameron of England

During the formal evening dinner, President Obama stated, “Our relationship rest on common language, common history, and common adherence to the rule of law, the rights of men and women, and our relationship never rests.” It was obvious that throughout the president’s visit in England, he emphasized the “special relationship” that the two countries have and they must continue to work together.

In a joint interview in the Times Newspaper in London, President Obama and Prime Minister Cameron said they are committed to working together “on rebuilding our economies.” “We are two different countries but our destination must be the same: strong and stable growth, reduced deficits and reform of our financial systems,” they wrote.

The next stopover during the president’s trip was a visit to France. In France, he was given an opportunity to meet with the Group of Eight nations(G8), which includes the United States, the United Kingdom, France, Canada, Japan, Germany, Italy, and Russia.

President Obama at the G8 Summit in France this year

The goal of these nations is to be a catalyst for action, and collaborate economically and militarily. At the conclusion of the G8 Summit, the leaders issued a statement expressing support for the democratic uprising in the Middle East and North Africa. The leaders also asked senior foreign and finance ministries to meet in coming months to forge a framework of unity and continuity. They also are planning to help Egypt and Tunisia to recover stolen assets, and praised economic political development in both countries.

The final stop on the president’s European trip was in Poland. In Poland, President Obama met with Poland’s President Bronislaw Komorowski, and assured him that the U.S. contacts with Russia will not come at the expense of the security of Poland. Our president is holding Poland’s transformation to democracy as a model for the world.

Strategically, the European trip was extremely important to the United States and the countries that that President met with during the six day trip. There is an economic recession in many of these countries, and there is a need for an international bailout. This trip was the initial discussion of a global plan and more meetings will be necessary to resolve the different global problems.

In order for the United States to be economically successful, we need the European nations. President Obama reassured the European nations that strategically we are strong allies, but because of the global recession, America cannot afford to pay the global bills without more help.

Congressional Black Caucus

In the past few weeks, there appears to be some turbulence in the relationship between the President Obama and the (CBC) Congressional Black Caucus. Many of our congressional leaders, and political spokespersons felt the president was not concerned with African Americans or forgot we had special issues and problems.

Based on the present unemployment numbers for Blacks at 16%, and the national unemployment numbers stand at 9%, there is a crisis in our community. In certain cities, the unemployment numbers for African American men is over 50%, and there are no jobs or businesses in the community. It is obvious that the economic recovery has missed these communities, and the president refused to address these problems.

It was also in the news that the president and his advisors had canceled meetings with the CBC, and the relationship was strained with the 43-member organization. There was a need for the president and the CBC to sit down and clear the air, and work on having a better relationship.

Last week President Obama had a meeting with the CBC in the State Dining Room of the White House. The focus of the meeting was to discuss job creation, economic growth, and unveil a plan to help young people find jobs for low-income youth. He also introduced a plan for “Growth Zones”, designed to give tax incentives for investments in economically distressed areas.

A majority of the members of CBC represent residents who live in these kinds of communities and they need special help. The CBC has long complained that the president was not addressing their core problems and had negotiated away funding for key social programs. With the unemployment numbers for Blacks at almost 50% more than the national average, the CBC was frustrated with the president and his administration.

Rep. Emanuel Cleaver, head of the CBC

Representative Emanuel Cleaver (D-Mo.), chairman of the caucus, insisted that the organization’s relationship with the president is strong. “We want nothing more than to see the president succeed. No good solid relationship is devoid of disagreements. We look forward to building upon our strong relationship.”

The White House insists President Obama has not forgotten the problems that confront African American residents. In meeting with the CBC, the president is making sure the lines of communication with the CBC are open. The president is also aware that 80% of African Americans support his administration.

Very rarely has many Blacks heard the president talk about the African American community and poor people. The president always talks about the middle class and it appears that his target is Middle America. As the 2012 election gets closer, it will be important and essential to include all the races, with a special focus on African Americans and Hispanics.

The nation’s economic recovery missed the African American community, and it will take more targeted investments to move the needle. Money must be spent on education and economic development in the Black community. It will take more than talk, because there is a need for tangible programs that invest and modernize distressed communities.

With the Republicans in control of the House, a battle is brewing, and no one can predict the outcome. The president has taken a positive step by sitting down with the CBC to clear the air and present new programs. The programs will only get so far without proper funding.

The African American community has given and given when the president needed extraordinary support. It is time that the president gives extra support to the African American community with job creation and special investments for expanding small businesses.

America is struggling with paying its bills because we are deep in debt. Our politicians have done a terrible job when it comes to balancing the budget. Somehow our priorities are on war and no one really knows what we are spending or who we are fighting.

President Obama speaking at George Washington University

On Wednesday, April 13 at George Washington University, President Obama laid out his plan to cut the deficit by $4 trillion over 12 years. Some political pundits and experts think he has an excellent plan, and others think the plan is light on details with very little substance.

There is no doubt that this speech and plan was a response to the House Republicans, who have created a plan to cut the deficit by $4 trillion. President Obama repeatedly attacked the budget released by the House Republicans last week in a sharp partisan tone. It appears that President Obama is drawing a line in the sand and he is preparing for a fight.

President Obama is not comfortable with the cuts that House Republicans are proposing and he is speaking up about what he does not like about their plan. “These are not the kind of cuts that the fiscal commission proposed. These are the kind of cuts that tell us we can’t afford the America that I believe in, and I think you believe in,” said President Obama.

Bipartisan CommissionThere are 4 key areas which President Obama will focus on, based on research from a Bi-partisan Commission. The first area would be keeping domestic spending low, the second  making cuts to the Pentagon, the third healthcare savings in  Medicare and Medicaid and the fourth taxing the higher level income Americans.

President Obama did not say how he would initiate these changes and there was already push back from the Republicans about additional taxes on the wealthy. He also did not expound on which defense programs he would cut, and how he would achieve a simpler tax system. Nevertheless the Bipartisan Commission findings and suggestions in many Washington political circles made sense.

Stan Collender, budget expert

“Mathematically, the Bipartisan Commission apparently works,”said Stan Collender, a former Democratic House and budget analyst. “Politically, it is going to have a lot of trouble getting support from more than just the members of the commission.”

The speech that President Obama made on Wednesday showed that he has backbone and he is willing to confront the Republicans. His debt reduction plan is a political step in the right direction. “Doing nothing on the deficit is just not an option. Our debt has grown so large that we could do real damage to the economy, if we don’t begin a process now to get our fiscal hose in order,” said the president.

With this speech, President Obama was focused on reaching the Democratic base and the independents. It is important that the president increases his base, because his administration in the coming months must increase the federal government debt ceiling.

No matter what side of the aisle you are on, everyone can agree that we have to begin to stop the bleeding and pay our bills. With 66% of our budget controlled by Medicare, Medicaid, Social Security and Defense, we can not only cut from the other 34%. The Republicans and the Democrats will have to agree and work together to preserve the American dream for future generations.

For Americans to believe and trust in President Obama, there is a need for a balanced budget and the creation of hundreds of thousands new jobs. It is time for the president to be transparent with the budget and take control of entitlements. There is no way we can balance a budget and fight three wars around the world.

President Obama

 The Democrats and the Republicans are on different sides of the fence, and neither party has a plan to reduce federal deficits, balance the budget, and cut spending. The Republicans in the House want to cut $61 billion to fund the government thru September 2011, and the Democrats in the Senate want to cut around $10 billion.

There is a huge gap between what the Republicans want to cut, and what the Democrats are willing to cut. The two parties were able to work out a deal to keep the federal government running until March 18, 2011. This Continuing Resolution included $4.1 billion in cuts, with $650 million from the highway, $468 million from Department of Education, and the rest from programs that were going to be cut by the president in his 2012 budget.

“I’m pleased that Democrats and Republicans in Congress came together and passed a plan that will cut spending and keep the government running for the next two weeks,” said President Obama. He also stated, “we cannot keep doing business this way. Living with the threat of a shutdown every few weeks is not responsible, and it puts our economic progress in jeopardy.”

Both parties in the two Houses have an agenda and there is little room for compromise. As our leaders continue to operate the government with the threat of a shutdown, everyone is operating from an emergency mindset. Everyone is stressed and many of the plans and policies at this point are not well thought out.

In all probability, the two parties will pass another short term Continuing Resolution before the March 18, 2011 deadline, but still there is no movement on the $61 billion cuts that the House has agreed on. Somewhere in this bureaucratic mess, there is a need for leadership and direction from the president.

Michael Petit: president of Every Child Matters

The majority of the cuts that the Republicans are proposing in the House impact government social programs, children, youth, the poor, and families. Michael Petit, president of the Every Child Matters Education Fund, said: “Even before the House adopted its shortsighted budget; the United States was far behind most other developed nations in caring for children. To further shred our nation’s already frayed safety net with additional cuts to babies and mothers are unacceptable.”

The cuts that the Republicans in the House are proposing will cripple our country’s most vulnerable group of citizens and will attack social programs. Some of the programs that will be impacted if the Democrats in the Senate agree to the cuts by Republicans would be as follows: Head Start cut by $1.1 billion, Maternal and Child Health Block Grant cut by $50 million, School Health Clinics cut by $380 million, Low Income Heating Assistance Program cut by $390 million, Pell Grant Program cut by $5.7 billion, and other Block Grants cut by $55 million.

There appears to be an all out assault on our children, youth, and mothers and we hear very little from the president. The president has stated that he would not sign a bill that harms our children, but how far will he go to appease the radical arm of the Republicans?

President Obama is still talking compromise and bipartisan, but the Republicans in the House are pushing their agenda. The stage has been set and everyone is waiting for leadership from the president. He is always talking about shared responsibility, but the social programs are for the citizens who have barely anything.

It is time for President Obama to take a stand and protect the social programs that many of the citizens need. As the president takes a stand, more citizens will also take a stand and support the president’s initiatives. There are other ways to save money, than cutting programs that hurt children, youth, mothers and the poor.

At the present time, the 2011 budget has not been signed by the president, because both Houses cannot agree on spending cuts and what to fund. As a result, our government is operating on a continuing resolution that comes to an end on March 4, 2011.

Speaking at an event

Dick Morris, political author and commentator

Many conservatives in the country believe that in order to get President Obama’s attention that the Republicans should force a shutdown over health care funding. The ultra-conservative Republicans want the size of government reduced and they are wiling to try different tactics to make this a reality. “There’s going to be a government shutdown, just like in 1995 and 1996, but we’re going to win it this time,” said Dick Morris at the American for Prosperity Foundation Conference.

Conservatives have taken the position that the deficits and recession are a result of Democratic policies and they are holding the Obama administration as the culprits. The conservative Republicans believe that they have a mandate from the American people to stop spending money and slash government spending by tens of billions of dollars.

Recently, the Republicans in the House voted to cut $61 billion in federal spending this year from the budget. This is setting up for a budget confrontation, between the Democrat-controlled Senate over the 2011 budget. Senate Democrats have made it clear that they are not willing to accept the $61 billion cuts that the Republican House has proposed.

“Read my lips: We’re going to cut spending,” House Speaker John Boehner, told reporters

Speaker of the House

 last week when announcing he won’t accept a short-term extension without some spending reductions. It appears that the House Republicans are drawing a line in the sand and they are refusing to budge.

As the Congress gets closer to the March 4, 2011 deadline, the two sides will have to make concessions if they plan to keep the government running. If the government was to shutdown, it would halt military pay, veterans’ benefits, Social Security checks, and government functions such as food-safety inspections. House Minority Leader Nancy Pelosi has introduced a temporary spending measure to keep government agencies running through March 31, and buy time for talks.

House minority leader Nancy Pelosi

Many political experts and pundits expected in the 112th Congress that there would be gridlock with the new conservative Republicans elected in the mid-term elections. These Republicans want to eliminate 100 social programs and cut funding for 100 more. The cuts would impact programs in education, environment, health care, energy, science, the Peace Corps, and the Social Security Administration.

The Obama administration has not responded or established their position on the cuts. It is very early in the debate over the cuts, but leaks from the White House are the cuts could hurt the recovering economy. Many also believe that the cuts are too much too soon and they could cause a lost of jobs.

Senate Majority Leader Harry Reid is urging Republicans to negotiate a compromise. “Now that House Republicans have gotten this vote out of their system, I hope they will drop the threats of shutting down the government and work with the Senate on responsible cuts that allow our nation’s economic recovery to continue,” said Reid.

Harry Reid, Senate majority leader

This issue is not going away, because everyone is passionate about their philosophy and mindset. There is validity in both side’s positions, and everyone is pointing a finger at each other. Collaboration and compromise is the way to come to an agreement, but very few are willing to give in.

The government shutdown is possible if both sides refuse to budge. Nobody wins and millions will be hurt in the process if the government shuts down.