Traditional Culture Encyclopedia - Travel guide - The U.S. government stopped functioning. What exactly happened?
The U.S. government stopped functioning. What exactly happened?
My views on your question are as follows. The following are my personal views. I have sorted out my thoughts.
First of all, the reasons for the U.S. government shutdown:
It must be clear that the Obama administration is a Democratic Party and represents the interests of the middle class and lower class people. Of the two houses of Congress, the Senate is controlled by the Democratic Party and the House of Representatives is controlled by the Democratic Party. The trigger for the shutdown of core departments of the U.S. government is the federal government's new health care bill, which the Democratic Party supports but the Democratic Party and the Democratic Party oppose. (The *** and the Party represent the interests of large American companies, large conglomerates and the wealthy class)
1. The U.S. government has differences with Congress on budget issues. Since the U.S. government’s budget bill cannot be passed, it will not receive appropriations from Congress, and the U.S. debt ceiling has a legal limit. If Congress does not pass a bill authorizing the U.S. government to issue new debt before the deadline of October 17, , then, not only will the U.S. government shut down, but the U.S.'s medium and long-term treasury bonds will face default for the first time, the U.S.'s AAA rating will not be guaranteed, and the 3 trillion it owes China will not be paid, which will be no different to the global financial market. As for the atomic bomb, everyone involved in finance knows it, and its impact is definitely no less than that of the 2008 financial tsunami.
2. ?The cost of democracy and separation of powers, and the process of the game of separation of powers: The United States has a political structure with separation of powers. The power of the US government must be authorized by the bill, otherwise it will be illegal. Congress holds legislative power, so the U.S. government often faces games with Congress. Because Congress constrains the government on a range of issues, members of Congress have interest groups they represent.
3. The trigger is Obama’s new health care bill. Obama's new health care bill was promised to voters when he was campaigning, so he must implement it, otherwise the domestic public's support will drop and the credibility of the U.S. government will be affected. In the new health care bill, the biggest disagreement is that the U.S. government wants to include a clause that "U.S. citizens must compulsorily purchase health insurance (for emergencies and major disasters) within one year," but Congress does not agree. They think that if Obama does this, it will Adding to the burden on U.S. companies will be a negative for the U.S. economy as the U.S. economy has not yet emerged from the shadows and its recovery and growth are sluggish. Congress deliberately failed to pass the budget in an attempt to force the U.S. government to renegotiate the new health insurance bill. /p>
4. The issue of rebalancing the separation of powers: Although the United States has a separation of powers, the U.S. government continues to expand its powers during every major crisis, especially after World War II. The U.S. president often bypasses Congress when he wants to conduct military operations overseas without congressional authorization. It is obvious that the separation of powers in the United States is out of balance, and Congress cannot effectively check and balance the power of the U.S. government, especially the president. It sought authorization from Congress for the first time during post-war overseas military operations, but at the same time stated that it had the power to act even if Congress did not authorize the operation. This was to give Congress a step down and openly put the game on the table.
No one is against anyone in this matter. Wrong, they are all based on their own interests. But I personally prefer the Obama administration.
Secondly, what is the impact?
This shutdown of the US government only stops operations of non-core business departments. It will not have much impact on the lives of ordinary Americans. Other impacts are mainly as follows:
The unpaid leave of civil servants in the US federal government involves 800,000 federal civil servants because there is no money to pay wages. < /p>
2. Attractions such as Yellowstone National Park and the Statue of Liberty that are financially borne by the United States will cease operations.
In fact, the U.S. government shutdown will have little impact. The big thing is yet to come.
The U.S. government has about 35 trillion U.S. national debt, and the United States is out of money. October 17 is the deadline for the U.S. debt ceiling. If the U.S. Congress does not raise the debt ceiling, If the U.S. government cannot pay the interest on its national debt and the principal of the debt that has matured, the U.S. government will default and its AAA rating will not be guaranteed. The interest rate on U.S. government debt has always been regarded as the benchmark interest rate in the global financial market and is the basis for the pricing of many financial assets. .
If the U.S. Congress does not raise the U.S. government’s debt ceiling by the deadline of October 17, once the U.S. government defaults, the impact will be more serious than the financial tsunami in 2008, and it will definitely have a negative impact on the global stock market. A major negative.
The federation is a political system in the United States, which means that the U.S. government is the federal government, and the U.S. political system is a federal system.
In other words, The federal system of the United States is a country formed by some federal and autonomous governments and states voluntarily joining the federation. After joining the federation, the territory becomes the territory of the United States. The federal states will give up some powers, and these powers form the powers of the federation, such as Diplomacy, currency issuance, war, taxation, etc. For example, Texas, the most economically developed state in the United States, was the Republic of Texas before joining the United States. After joining the Union, it became a federal state. It is under the jurisdiction of the federal government. Compared with China's centralized power, the United States has a clear division of powers between the federal government and local states. Local authorities have relatively greater power.
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