September has certainly proved itself to be a most pressuring time for our federal government as we await decisions that will affect the lives of many Americans in terms of fiscal transactions and recovery efforts. Our government has a serious to-do list with the absolute objections being aiding natural disaster effected America and keeping the US economy afloat from turmoil and a first-time ever default.
President Trump has made it clear and unquestionable that Texas and Louisiana impacted by Hurricane Harvey will receive federal help. The only question is what way of financing will be least destructive to the government's extremely shallow cash pit? Some wish for the Harvey bill to be stapled to a raise in the debt ceiling, allowing the government to access money it has already signed off, as we have already reached the $19.9 million limit. Many conservatives say they will give their support for expanding the debt limit in exchange that major cuts and government spending habits like Medicaid are reassessed, which would be extremely difficult as continuing Medicaid is a priority to our President. Other believe a bill with the $7.85 million Harvey tab should be clean and separate from the debt ceiling altogether.
Furthermore, everyone is just trying not to make an economic oppsie that will plunge the country into disaster. I must say that this article is quite antagonizing of President Trump in his timeline as President of the United States in its attached videos, but otherwise has plenty of informative substance and quotations. I'm just really glad that bipartisan things are actually happening, though the graveness of what is finally pulling the two parties together is so devastating. But for once, everyone has the same end goal and hopefully no one succeeds in exploiting these relief actions for personal political benefit. Back in 2005, Hurricane Katrina pulled at least $100 billion in federal aid efforts alone during the Bush Administration. While Harvey's destruction did not quite equate to that of Katrina, it is obvious that whatever step we take to finance the $7.85 million in relief efforts, it will be the first of the many that it will be required to fully rebuild what was lost.
Source: With brutal Sept. to-do list, GOP already clashing over Harvey relief, debt limit - The Washington Post
Chloe Hurricane Harvey is truly devastating, but I believe that the financial problem may not be as devastating as everyone says it will be, economically speaking. Comparing it to Katrina, for example, this relief effort so far has been much more organized and efficient in nature, and the effort for national relief is going much smoother compared to other similar catastrophes. What do you think?
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I agree with you, Henry. I believe that the level of organization and awareness of Harvey's situation is directly correlated to maybe what we lacked in preparation and in the wake of Katrina.
ReplyDeleteI agree with what you said about September being a stressful month. How do you think the relief effort will effect our government's choices on dealing with North Korea? If we have already hit the "debt celling", with Harvey efforts, will our government be less inclined to enact military action?
ReplyDeleteI wouldn't call the article antagonizing as much as honest. There have been not landmark victories but instead scandals and outrages throughout Trump's presidency so far; the last time a president had no accomplishments along with a host of scandals was Harding and few people know his name except to spill some fun trivia. Trump's presidency is noteworthy but (much to his chagrin) i doubt he is
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