By Greg Hunter’s USAWatchdog.com
Government shutdown became a reality this week. It’s the fault of both parties–end of story. At its core, the fight is over the Affordable Care Act (or Obama Care). The Democrats have one thing right: Obama Care, like it or not, is the law of the land. It doesn’t matter that it is a job killer or that people will be forced into part-time work. It doesn’t matter that it is an enormous entitlement that will plunge the country deeper into debt. It doesn’t matter that the Obama Administration has handed out hundreds of exemptions to unions and big corporations. It doesn’t matter that key provisions have been put off by the Obama Administration. It is the law of the land, and the only way to change it is for Republicans to win back the Senate and the Presidency. I think the Democrats love the chaos created by the government shutdown and debt ceiling crisis because it gives them an issue. But in the end, the government shutdown will end, and the debt ceiling will be extended. Speaker of the House John Boehner said he would not allow a debt default. He’s not that stupid. This reminds me quote where a man was accused of being drunk by a woman and he shot back, “Yes I am, but tomorrow I’ll be sober and you will still be ugly.” When the dust settles with the government shutdown and the debt ceiling, Obama Care will still be the Law and an unqualified disaster.
The other big story is Benjamin Netanyahu addressing the U.N. He flat out says he thinks the Iranians coming to the negotiation table for its nuclear program is a “ruse.” Iran says its nuclear program is for the peaceful production of energy. Israel and the U.S. say that is not true. Iran wants a bomb. Still, the Israelis are freaked out by the Obama Administration opening up lines of communication and negotiations over Iran’s nuclear intentions. There is talk of reducing sanctions, while some think sanctions should stay in place or increase. The new President of Iran, Hasan Rouhani, was on the team of negotiators a few years back that negotiated with the west to reign in its program with little luck. Rouhani reportedly bragged about using the negotiations as a stall tactic. Many think this is the same thing. I find it funny how the Obama Administration will negotiate with Iran but not with Republicans.
Finally, I have a piece of good news to tell you about. The Wall Street Journal is reporting, “The U.S. is overtaking Russia as the world’s largest producer of oil and natural gas.” Will it be enough stop the debt spiral? No, but it will help America come back after the country hits bottom.
Join Greg Hunter as he gives his take on these stories and more in the Weekly News Wrap-Up.