Obama is considering signing a short term debt rise?

President Obama is considering signing an increase in the U.S. debt ceiling if the deal is free from the Republican policies and budget restraints. Although it has been over a week and a half since the government had shutdown, the Statue of Liberty, the Grand Canyon, and Mount Rushmore will be re-opened. The sites will be supported by the states of New York, Arizona, and North Dakota, but other sites such as national parks will remain closed due to the occurrence in Washington. If the debt ceiling isn’t raised soon, the U.S. will go to default. Spokesman Jake Carney says that the White House would agree to raising the debt ceiling as long as there are no conditions attached. 

The government shutdown began at the beginning of October when the Republicans and President Obama could not come to an agreement when it came to passing the Obama Care Law. The Republicans refused to pass a budget supporting the new law, thus causing the closing of the government. A plethora of government workers were laid off from their jobs and many government-run sites are closed. The White House refuses to give in to the Republican demands or negotiate with them until they re-open the government. 

If the government continues to be shutdown and if nothing is done about the debt ceiling, the nation’s well-being is at stake. Due to the government shut down, national parks and other government-run things such as the Federal Aviation Administration are closed. Profit is being lost to the touristic sites, as tourists are unable to neither enter nor enjoy them. This also affects businesses in the proximity of the sites such as nearby restaurants and gift shops, for they have also lost clients due to this occurrence. In addition, the shutdown will negatively affect the developed countries that are interdependent to the United States. If the United States were to reach its borrowing limit, the consequences are unimaginable. Already at a debt of 16 or 17 trillion, the U.S. government had to take extraordinary measures to help pay for the costs, but if the nation were to reach its limit, the people will probably face another recession or a major economic problem. It is possible that the markets worldwide will plummet and the global interest rates will increase. Small businesses in the U.S. are also affected, for they are forced with the choice of firing workers or lowering pay. All we can hope is for the dispute in Washington to end soon and that the nation doesn't continue facing uncertainty.

Based on http://www.bbc.co.uk/news/world-us-canada-24499007