Follow the government shutdown as it enters day 10
As the deadline for squashing the government standoff reaches one week, the adverse effects of the government’s closing are becoming increasingly evident to all citizens of the country and its just a matter of time before all Americans can no longer ignore his calamity.
$6.2 billion in veterans benefits won’t be available November 1st if standoff doesn’t end on the 17th. Honorably discharged veterans, disabled veterans, and their families have survived off of veteran benefits, but with the government going into default, these benefits could end indefinitely.
Other benefits that will be effected and possibly lost include Medicare, Social Security, and active military pay. Sadly, troops that are fighting for the freedoms that we covet in this country are being hit the hardest, with charity organizations having to cover the death benefits of 26 troops that have died in combat since the shutdown began 10 days ago.
Treasury Secretary Jack Lew is testifying today about the debt ceiling, stating, “Republican and Democratic Presidents and Treasury Secretaries alike have universally understood the importance of protecting one of America’s most precious assets; the full faith and credit of the United States.”
For the average civilian citizen, if the U.S. hits the debt ceiling, rates on car loans go up, mortgage rates go up, and the interest that we pay on the huge debt that the government has accrued is definitely skyrocketing. In the meanwhile, the Congress gym is open for sport and play.
Are we truly facing the fall of America? Stay tuned to TheSource.com to find out.
-Sha Be Allah(@KingPenStatus)
