The middle classes are the first affected by austerity. Defense, it can take several months to take painful measures.
In cases where Washington fails to find a budget agreement, the major deadlines that await Americans in the coming months:
January 1st. U.S. debt will exceed the level authorized by Congress (16,400 billion). The White House will draw 200 billion in government funds to take a few more weeks, probably until March.
January 2. The law provides for allocations remove 2 million long-term unemployed who are no longer entitled to regional aid, depend entirely on the generosity of the federal government. Allowances are paid every two weeks, they will be penalized in the early days of January.
January 3. The new Congress is taking place. If no agreement is reached before the 1st January, it certainly will attempt to reach a new compromise on this occasion. Priority will be to restore tax exemptions for the 98% of Americans earning less than $ 250,000.
January 4. Some 120 million Americans will also lose the benefit of the two points of exemption from social security offered to them for two years. Workers are paid every other Friday, they will be affected from 4 or January 11. They will lose $ 40 on average on their payroll, and thus about twice each month.
February. The defense, which has lost 10% of its loans, which has taken several weeks to take painful measures. Layoffs and forced permissions could be postponed until February, even in the spring, the ministry said.
March 1. The law provides for the abolition of tax exemptions 200000000000 proposed to the Americans for ten years. Tax services will take several weeks to adapt their software. Tax refunds for 2012 will therefore be postponed for several weeks, on 1 March at the earliest.
March. If parliamentarians are not quickly debt ceiling, the U.S. will be in default in March, warned the Treasury. The United States would then have no right to borrow on the markets. And then they would stop paying their employees and pay benefits.