Government Shutdown Feared Because of Budget Fight
Senate Democrats criticized the Republicans for their threat of a government shutdown if their proposed budget cut is not approved. Both parties are adamant about their stand over budget deficit and federal spending.
Last Saturday, the House of Representatives voted to limit federal government spending by at least $61 billion. This measure will likely be stopped by the Democratic-controlled Senate. President Barack Obama will also veto it. Speaking of the President, he outlined his administration’s budget cut plan in 2012 and warned that severe budget cuts can stop the nation’s economic recovery.
Democratic Senator Charles Schumer echoed the sentiments of other party members in in the Senate when he slammed Senate Republican Leader Mitch McConnell and House Speaker John Boehner for their threats of a government shutdown than to look for a compromise regarding their budget cut demands.
At present, the federal government is funded until March 4. If the lawmakers don’t come out with a concession, the government would run out of money needed to run the country. Democrats want to decrease the deficit, which is estimated to be $1.65 trillion this year. The Democrats are likely to pass a spending bill that would cut spending but not as much as what Republicans would want.