Scenerio 1. U.S. Shut down = Dollar Falls = Everyone holding Dollars Loses.
Possible solution = Usher in the new G20 Debt Solution? Links ~ The G-20’s Secret Debt Solution ...Interesting Article ...
and older article .. Iraq and U.S. Federal Budget for 2011 ~ The budget did not pass this year, the first time since 1974 (hmmm when Nixon went off of the gold standard?)
so .. maybe waiting for this ***April 8-11- 2011 ~ The New Global Financial Architecture ~ New Bretton Woods ~ Soros Funds Conference for Global Monetary Architecture
Scenerio 2. The U.S Budget is relying on the revaluation of a particular country's currency and if that happens by 12:00 midnight we will see the U.S. Dems and Republicans reach a miraculous agreement and the government will not shut down .. Updates U.S. and Iraq's 2011 Budgets Coincidence? Maybe .. Maybe Not ...Thursday?
Scenerio 3. Another stopgag like this one - The Senate is expected to pass a sixth stopgap bill that would keep the government running through April 8th ... another article from February - U.S. 2011 Budget ~ Scenarios: Messy U.S. budget, spending prospects ..and another 2 from January - Obama State of the Union Address ~ Will He Mention ~ 2011 Budget and His Infrastructure Plan? Let's Review ..., March 4, 2011 ~ U.S. Budget 2011 ~ On December 22, 2010, the Congress voted on another continuing resolution, to keep government running until March
Scenerio 4. The U.S. shuts down and and neither of the above scenerios come into play = the world loses.
Friday, April 8, 2011
Time's Up: Obama and GOP Scramble to Halt Shutdown
WASHINGTON -- With the clock ticking to a partial government shutdown at midnight, the top Democrat in the Senate said Friday that the White House and Republicans have agreed on a spending cut of $38 billion but a that fight over federal dollars for Planned Parenthood is blocking a deal.
Senate Majority Leader Harry Reid, D-Nev., told reporters he was cautiously optimistic after late night talks at the White House, but the budget dispute also has become a moving target. Reid said that in addition to agreeing on the spending cut, negotiators had worked out policy disputes, which involve environmental protection, implementing President Barack Obama's health care law, and regulating the Internet. But Reid said Democrats are holding the line on a plan to cut off Planned Parenthood from federal money.
"That is an issue, as the president said last night, that we are not bending on," Reid said. Failure to reach an agreement moved the government closer to a shutdown at midnight Friday that all sides say would inconvenience millions of people and damage a fragile economy. Republicans and Democrats failed to reach a consensus in middle-of-the-night talks in the Capitol as the government moved closer Friday to a midnight shutdown that all sides say would inconvenience millions of people and damage a fragile economy. Republicans said the principal hang-up in the negotiations centered on the size of the spending cuts to be included in any deal to fund the government through September, when the current budget year ends.
But Democrats said the GOP's demands on social issues, including denying federal dollars for Planned Parenthood, were at the heart of the deadlock. "We agreed to a number and the reason we agreed to a number was to get rid of all of these riders," Reid said, using inside Washington talk for policy provisions that ride along on spending bills. Barring an agreement or perhaps another temporary bill to keep the government operating, the shutdown of most of the government would begin at midnight. Many essential workers, such as mail carriers, air traffic controllers and the military, would stay on the job.
It was unclear whether the top leaders in Congress, Reid and House Speaker John Boehner, R-Ohio, would return Friday to the White House, where they met with Obama three times in the past two days. Staff-level talks involving the White House and the two lawmakers' offices resumed Friday morning. Democrats said the deadlock was all about a GOP demand to deny federal dollars for Planned Parenthood, which uses the taxpayer money to offer contraception and health care for women.
Planned Parenthood is the nation's largest provider of abortion assistance. Democrats asserted that House Republicans were holding out for getting some language to restrict abortion and suggested the GOP might accept a deal on a different abortion-related measure instead, such as an effort to restrict U.S. aid to overseas family planning groups that perform abortion.
read more @http://www.aolnews.com/2011/04/08/times-up-obama-and-gop-scramble-to-halt-shutdown/
