Shutdown Ends By Raising the Debt Ceiling

By Jobs & Hire Staff Reporter | Oct 17, 2013 05:29 PM EDT

TEXT SIZE    

16 days after the evitable happened and the U.S government is back in business, due to a compromise from the House and the Senate. All parties agreed, at least for the time being, to the Bipartisan Deal, which will increase the debt ceiling beginning January 15, 2013 to February 7. This will allow the government the much needed time to strength the income verification requirements for the Affordable Healthcare Act, and appoint lawmakers to a Conference Committee to reconcile the budget by December 13, 2013.

The bill passed in the Senate 81-18 and in the House 285-144 respectively. "Once this agreement arrives on my desk, I will sign it immediately, we'll begin reopening our government immediately, and we can begin to lift this cloud of uncertainty and unease from our businesses and from the American people," says Obama. A positive step for the government. The U.S was on the verge of not having any borrowing authority which means, quite frankly, it wouldn't be able to pay their bills.

Now what remains to be seen is if we are just on borrowed time or if they will really create a realistic budget that will sustain the citizens. Many Americans need affordable healthcare and I am no different. I believe in Obamacare. I also believe in Social Security and would love to receive it when I qualify and that may not be the case. I am very relieve to see the government reopen and get people back to work. I myself live paycheck to paycheck like many people and cannot afford to be on a furlough or anything of that nature so I have the upmost respect of those that had to endure it. Hopefully, this will allow for more dialogue and change for the better. We the people deserve it, we've worked for it.

Here is what President Obama has to say about ending the shutdown:

pre post  |  next post
More Sections