United States’ debt default or government default on debt will be worse than shutdown 2013. Meanwhile Republicans are facing the heat over destroying US image across the world.
Things are looking bleak for the US economy as there doesn’t seem to be any way out of the crisis at the moment. The whole world seems to be puzzled over the turn of events in Washington DC as they hear with amusement the news of the world’s foremost economic and military power shutting down. Though differences are found in almost every nation across the world, but nowhere opposition parties actually go to the extent of shutting their own federal governments.
But this is United States of America and here Republican Party doesn’t think twice before stopping the Federal government’s funding as it wants to score a few points over the government and wants to prove that ‘real’ power lies in its hands. But there are reasons to believe that this (mis)adventure is not going to help the party even a bit, instead it is going to erode their strong position in the House of Representatives when elections are held for it next year.
The aftereffects of the shutdown are already very visible on President Obama and his administration as the President decided to cancel his trip to Asia, which was scheduled to begin Saturday. It is going to adversely impact the image of his government and USA as a whole.
Given the adverse affects that the shutdown is having on the image of Republicans, House Speaker John A. Boehner has said that he will not allow the US default for the first time on its debt. He has also believed to have told more extremist element in his party that they must come with an agreement that can attract significant Democratic support. “This needs to be a big bipartisan deal…This is much more about the debt ceiling and a larger budget agreement than it is about Obamacare” Rep. Tom Cole following his meting with Boehner.