Wednesday, October 16, 2013

People Get Their Jobs Back!

As of tonight, Wednesday, October 16th, 2013, Congress finally approved a bill to temporarily reopen federal agencies, meaning that federal workers who had been out of work due to the government shutdown can plan on going back to their jobs tomorrow. This budget compromise is also allowing the Treasury to continue borrowing money to pay our nation's debt. We should consider ourselves very lucky that Congress has come to this agreement because not only is it giving people their jobs back, but it's preventing the possibility of a default that would have been very detrimental to our economy. Our country has enough debt as it is, and if we went into that default, we would just be falling into more and more debt. In fact, it's likely that this default would have put us in another recession and overall be completely disastrous economically. In order to try to prevent this type of situation from arising again, this deal requires a panel made of members from the House of Representatives and the Senate to come together and try to think of long-term deficit-reduction ideas to be approved by the whole Congress. They should have these ideas put together by December 13th, so we can hopefully expect a new year free of government shutdowns. It's nice to see that the government has finally helped U.S. citizens and reached somewhat of a compromise, enough to return workers to their jobs.

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