Helping the Tea Party Out!!!

          In the HUFFINGTON POST Mark Gongloff points out that Government Shutdown helped the Tea Party in certain ways. THe Republicans did back down after a 16 day shutdown that ended with raising the debt ceiling and averted financial default.  But this agreement will fund agencies through mid-January.  He secondly states that the harsh spending cuts are still in place and that recovery from this recession is the weakest since 1948. These cuts will affect areas like medical and science research funding and services that help the poor, sick and elderly. 

          He then argues that if the U.S. continues doing what it is doing the rating could be Stripped and force investors to not invest and cause issues with the global market. John Chambers the global head of S&P said, “If the government does discontinue debt-servicing, unless it is cured immediately, it goes into ‘selective default’,” which is the lowest S&P's 20 grades of untrustworthiness. There is only one other country is Selective default and that is Grenada. With this rating the world’s superpower is now second best.

          His final argument is that the government shutdown will continue to hurt economic growth. The Study by Macroeconomic states that the government crisis has cost the U.S. economy about 900,000 jobs and raised unemployment by 0.6 percent. With both sides seeming to never come to an agreement, I think that come the middle of January both political parties are going to be at a standstill once more. I believe the biggest problem with the the government is the political parties not being able to agree with there own. A Fox news poll was taken shortly after the shutdown had begun and made clear that The republican party clearly has issues within its own ranks. Being prior military gave me a very good experience of what it is actually like to be be furloughed and not get paid. The people at the highest political position should be figuring out how to fix our problems rather than fight.