By James McKee
Democrats and Republicans are fighting in Washington DC over which budgets trim and which ones to outright decimate as options become slimmer and slimmer in light of a failing economy. Issues such as medicare and social security are causing deep divides along party lines as constituents demand something be done about a worsening economy. Whether or not these efforts will have any impact in the long run remains to be seen but one thing is certain: change is coming. The government is going to make every attempt to save money but unfortunately the budget being cut is going to have many adverse effects that can only be speculated upon.
Federal funding that once covered institutions like police departments has been cut to the point that these departments are being forced to alter the way they operate in an effort to cope with the financial short fall. In all likelihood the Republicans and Democrats will reach a compromise however whether or not this occurs in time to address the issues at hand is anyone’s guess. There is also rumblings of a complete shut down of government that would be caused by failure to reach a disposition by March 4th, which is when the government runs out of allocated money.
While this shutdown is unlikely many are crying out for something to be done and be done soon, the current state of the economy globally, nationally and now more and more locally has been something Americans are no longer willing to live with. The impact upon the USD with regard to an unstable economy and an infuriated population will surely be negative. Those on the forex currency exchange are encouraged to pursue a steadfast line of awareness with regard to the actions of the US government in order to stay ahead of the upcoming curve.
About the Author
Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.
