Will The Government Really Shut Down?
(CNN) There hasn’t been a government shutdown in more than 17 years, since the 28 days of budget stalemate in the Clinton administration that cost more than $1 billion.
Now we hear dire warnings and sharpening rhetoric that another shutdown is possible and perhaps likely in less than two weeks when the current fiscal year ends.
today, Republicans will offer to keep the government-funded if Democrats will halt the implementation of Obamacare and instead offer rebates to those who buy their own insurance.
An individual who buys insurance through a state-run exchange would get a $7,500 credit and families a $20,000 credit.
Democrats have said there is no way they will go for that and instead force a government shut down.
A more probable scenario is a last-minute compromise on a short-term spending plan to fund the government when the current fiscal year ends on September 30.
After that, the debate would shift to broader deficit reduction issues tied to the need to raise the federal debt ceiling sometime in October.
“There’s going to be a lot of draconian talk from both sides, but the likelihood of their being an extended shutdown is not high,” said Darrell West, the vice president and director of governance studies at the Brookings Institution.