Congress has a decision to make. The Republicans and Democrats were elected to put the United States' interests first, but they aren't by playing games with the fate of an entire nation.
The debt ceiling is fast approaching. It's a cap Congress puts on how much debt to allow. The cap, currently, is 16 trillion.
Debt comes from various places like: U. S. bonds and money due to Social Security.
The government is about to hit its cap. When the cap is reached, payments will not be paid.
It means that the government may not be able to send-out Social Security checks, and Medicare would suffer.
The United States would then borrow at higher interest rates. In that event, we, the people will pay for it. We'll see it in higher mortgage rates, for example. Yes, rates everywhere goes-up.
In times past, the government raised the debt ceiling. The shut-down stops any move toward the debt ceiling.
We could be heading into a recession.
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