Unless your humble abode happens to lie within a cavity deep beneath viagra or cialis more effective the Earth’s surface, you’ve certainly heard a lot of buzz about the United States Debt Ceiling. Like everyone else, you would have asked some of the following questions: What does it mean? Why does the federal government canadian pharmacy cialis 5 mg of the United States need to borrow so much? What are the repercussions if the politicians cannot come to an agreement?
Let’s explore these questions a little further shall we?
What is it and
why does the government need to borrow so much?
The debt ceiling is a limit on how much money the U.S government can borrow. As the global economy faltered in 2008, the U.S government spent billions of dollars to revive a dramatically slowing economy. The government’s sources of revenues dried up walking distance tracker app android when businesses lost revenue and people lost their jobs. Further, expenditures sky-rocketed as the government spent money to keep essential services going while trying to revive business activity. Hence, the ceiling was last raised in 2011 (with great difficulty) to mend the gap between the two. Now, fast-forward several years to generic cialis today. The current debt limit of $16.7 trillion has been reached and the U.S needs to raise it again as the economy has not fully recovered, the government has already spent billions of dollars, and it’s now time to “pay the bills,” some very large bills that will require borrowing to service them.
To complicate the matter, the debt ceiling is not something that can be set or raised by the President himself. Why not you ask? Well, because the system of balance and checks
in the United States ensures that no one entity (the President, Congress, canadian pharmacy technician educators association or the Supreme Court) can dictate the affairs of the nation. The President, a Democrat, needs the House of Representatives, now controlled by the Republican buy essay party, to buy essay online approve a new debt ceiling. Unfortunately, in this case, this mechanism has turned this very important matter into a battle over political ideology – a great topic for a future article,
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but we won’t get into that right now. So here we are, unable to raise the debt ceiling
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with dwindling finances that
could run out by the end of this month.
So what would happen if the ceiling is not raised and the American people, like the rest of us, are forced to deal with the consequences? What kind of impact would this have? buy cialis 20 mg tablet In one word, huge. Let’s take a look at a few consequences:
• Immediate rise in taxes and po co jest viagra cuts in
spending: Remember that gap between government revenue and expenditures we discussed? Well, if the politicians are unable to come to an agreement to raise the ceiling, they may raise taxes and cut spending. This could potentially steer the equation towards equilibrium but it still may not be enough to bridge the gap. In fact, in 2011, the last time President Obama and Congress tangoed to discuss the debt ceiling, then Treasury Secretary Timothy Geithner warned
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that “immediate cuts in spending or tax increases cannot make the necessary cash available.” So this fiscal generic cialis online squeeze will lead to significant pain with few gains.
• Dramatic halt to the American and global economic recovery: I don’t want to say that this is a given shop flagyl but it’s pretty darn close. We are talking about an immediate spike in unemployment, a substantial blow to consumer confidence and a dramatic drop in business activity. Moreover, income taxes, taxes on consumer spending and on businesses are primary sources of tax revenue! This directly contradicts the
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Republican ideology of cutting deficits in the first place, because best online pharmacy canada pharmacy deficits would likely expand as these sources of tax revenue dry up in a potential economic slowdown.
• The D-word: Default, the do my assignment for me australia U.S government would stop paying back its debts. I don’t even want to think about this one because it would be hard flagyl non prescription to fathom. The U.S treasures what to do when viagra
stops working have long been a safe haven, they’re liquid, and they have been reliable. A default would be a paradigm shift, and we would potentially
see large sums of money flowing to German, Swiss, and even generic viagra names Canadian bonds, along with gold. This isn’t a viable long-term alternative because no other sovereign debt
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to the U.S in terms of ability to absorb such a large demand. Investors would quite certainly over-react and mass confusion would potentially ensue in the marketplace.
How do we digest this?
If you have cash on the sidelines that’s
probably where it should remain while this http://pharmacyincanada-online24.com/ latest political tango plays itself out. does cialis make you last longer in bed If you have capital invested in the markets and you find yourself wondering “What would be a safe investment in the event of a U.S default?”
I ask you “Is there
a safe place on a sinking ship
without any lifeboats?”
The U.S Department of The Treasury “Secretary Geithner Sends Debt Limit Letter to Congress,” http://www.treasury.gov/connect/blog/Pages/letter-to-congress.aspx
Bloomberg News: cialis allergy “Reasons to Fear the Debt Ceiling,” http://bloom.bg/1fbd26O