The U.S. Government debt crisis is still being discussed, but CNN is reporting Democrats and Republicans may be close to reaching an agreement. The deadline for resolving the issue is this Tuesday August, 2nd, so let’s hope this is the case.
If they cannot decide how best to proceed prior to the upcoming possible default, government check payments would be greatly affected. This would be the first time in history that the U.S. defaults, so they better fix the problem.
Let’s hope President Obama’s speech helped them understand the importance of checking their egos at the door. Many American’s are getting fed up with their petty power games and let it be known on Twitter, Facebook, and other sources. Hopefully this also helped push them to “move their butts”.
As the old saying goes, “Why can’t we just all get along?” and get the job done. Read what happens if it does not.
WATCH ABOVE VIDEO TO SEE HOW WE ENDED UP IN THIS MESS.
UPDATE 8/1/11 – HOUSE PASSES DEBT CEILING DEAL
UPDATE 7/31/11: CNN reports Senate Majority Leader Harry Reid has signed off on a debt ceiling agreement reached with President Barack Obama and Republican leaders, pending approval from his Senate Democratic caucus.