Fiscal Cliff Notes



Tuesday October 8th, 2013 – The U.S. Government is on what is being called a “partial shutdown”. Democrats and Republican’s are in a stand off over the budget for the fiscal year that started last Tuesday. The House Republicans  and Democrats can’t come to an agreement because they are wrangling over the Affordable Care Act aka Obama care. 800,000 federal works have been “furloughed”, basically layed off without pay. Federal Offices, Parks, Monuments, etc. are closed. Many Federal programs are shut down. If Congress doesn’t come to an agreement by the 17th, the U.S. could default on it’s debt and go over the proverbial “Fiscal Cliff”. The U.S. is on the verge of maxing out its $16.699 trillion credit card. I know what your thinking…will the president get paid during a shutdown? The answer is yes. His salary, $400,000 is considered mandatory spending. It won’t be affected. So you can all you can sleep soundly now. Goodnight.



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