Government Budget war

Negotiators finally came to an agreement just half an hour before offically reaching the deadline to a government shutdown. Democrats and Republicans finally agreed on what is called "Americas largest spending cuts" they reached a 38.5 billion dollar budget for 2011. According to this article there are far more budget battles ahead, most importantly the issue concerning the debt ceiling. The US is estimated to reach its absolute limit by May at 14.294 trillion. This is completly worry some due to the fact that our government takes so long to come to agreements to solve any problem,and this is potentially dangerous to our nation. The US borrows money to be able to pay such things as medicare, social secrurity, and any other expence the government uses, the tax dollars we pay cover only about 2 trillion of that debt. The debt ceiling will have to be increased if not our government wont have enough to fund government payments either they will be limited/delayed, including military salaries and retirement benefits,interest on the debt, unemployment benefits and even tax refunds.Congressional Research Service estimates that the government will need to borrow $738 billion between April 1 and Sept. 30. Honestly i believe ill have to do a little more research to see if i agree that an increase in the debt ceiling should rise because i seem to agree wih the pros and cons.

Sahadi, Jeanne. "Budget War Looms: Debt Ceiling Is next Big Deadline - Apr. 10, 2011." Business, Financial, Personal Finance News - CNNMoney.com. 10 Apr. 2011. Web. 11 Apr. 2011. .