17 October 2013

US Debt Crisis Over... For Now

Source

As expected, they managed to come up with an agreement before the 17 Oct deadline when the US would hit the debt ceiling limit. And also as expected, they did not completely solve the problem, this deal merely funds the government until 15 Jan 2014, this is when they will face another government shutdown if they cannot resolve their differences.

Another date was also set for the debt ceiling limit, it's on 07 Feb 2014, basically what this means is we will see another drama if they cannot resolve their differences before 15 Jan 2014.

01 Oct 2013 - Government Shutdown
In between - Fight between Democrats and Republicans over Obamacare
17 Oct 2013 - Debt Ceiling Limit

15 Jan 2014 - Government Shutdown
In between - Fight between Democrats and Republicans over Obamacare
07 Feb 2014 - Debt Ceiling Limit

I know where the Republicans are coming from, they wanted to save money for Americans, they see Obamacare as general waste of money, I also know where the Democrats are coming from, they want to help Americans by providing for them, but as an outsider, it's just my opinion but I see some things that are very questionable, like the food stamps, they spent hundreds of billions a year just on that, we don't have such benefit in Singapore, so it's peculiar to me. I even saw on YouTube where people are shown abusing the food stamp benefit, there's even a term for it, "Food Stamp Fraud".

And in America, fat people who have difficulty moving are considered "handicapped", and they do get benefits based on that, that's just a strange concept to me, here in Singapore, if one is too fat to move, it's your problem, no benefit is ever going to come from our government, we say "wait long long".

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