Posted by Congressman John Campbell at 6:38 am on Oct 07, 2013 Comments Off on Government Shutdown Day 7
Government Shutdown Day 7: It wasn’t a very
good weekend for my sports teams. The Kansas City Chiefs won and
are 5-0. And, the Boston Bruins are 2-0. But, in car racing and
baseball and college football, nothing came out as I wanted. And,
my son crushed me this weekend in our NFL fantasy league, although
I did win our NASCAR fantasy league this week. Ah, but there is
always next weekend.
Such is not the case with the government shutdown. For, as John
Boehner now quite famously quipped at a press conference on Friday
in response to a question about the president saying he was
“winning”, “This is not some damn game!” So, what happens next?
What will break the stalemate?
It is quite clear now that this is no longer just about the
shutdown and funding the government for the year, but it is also
about the debt limit. The Treasury Department has been saying that
by October 15th, they would have exhausted all borrowing authority
and will be left with about $30 billion in cash. Independent
analysts believe that the $30 billion buys them about another 7
to10 days. That gets you until October 22-26. But, those same
analysts are… Read More