Washington's impending shut down

You would think that political deadlock and playing the blame game is something that is prevalent in only India. But that appears to not be the case. Indeed, the US is facing a political crisis too as both the parties are not able to come to an agreement over the country's broader fiscal policy. And that is why there is the possibility of Washington facing a shut down from today. This means that due to the automatic spending cuts, many government agencies are expected to close down. And the non essential government staff will be forced to go on an unpaid leave. The spending cuts also seem to have impacted anti-poverty programmes and early childhood education among others. On top of that, the healthcare law 'Obamacare' has also been the subject of dispute between the parties. US has been plagued with the problems of recession, massive debt burden and unemployment for quite some time now. Relentless money printing by the US Fed has done almost nothing to jump start the economy. The only thing it has done is to take government debt to unsustainable levels. So spending cuts will have to be the norm if there is any hope of bringing the debt down. Anything else will only delay the issue further before it blows up on the US economy.