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One number to remember: $24,000,000,000! (Original Post)
Playinghardball
Mar 2015
OP
LeftishBrit
(41,212 posts)1. If a trade union went on strike and caused a massive shutdown..
these RW-ers would be screaming about workers 'holding the country to ransom', etc.
But they never seem to apply this objection to themselves!
think
(11,641 posts)2. And that figure is from Standard & Poor's:
Shutdown took $24 billion bite out of economy
The United States may have dodged an economic catastrophe by raising the debt ceiling and opening the government, but it didn't emerge from the political debacle unscathed.
The 16-day government shutdown took a $24 billion chunk out of the U.S. economy, according to an initial analysis from Standard & Poor's.
As a result, the rating agency projects that the U.S. economy will grow 2.4% in the fourth quarter -- as opposed to the roughly 3% growth rate predicted prior to the shutdown.
"Because it's happening all at once, so quick, so fast, unplanned; it's going to hurt," said Beth Ann Bovino, U.S. chief economist at S&P. "We can absorb it, but it still hurts."
Full article:
http://money.cnn.com/2013/10/16/news/economy/shutdown-economic-impact/
The United States may have dodged an economic catastrophe by raising the debt ceiling and opening the government, but it didn't emerge from the political debacle unscathed.
The 16-day government shutdown took a $24 billion chunk out of the U.S. economy, according to an initial analysis from Standard & Poor's.
As a result, the rating agency projects that the U.S. economy will grow 2.4% in the fourth quarter -- as opposed to the roughly 3% growth rate predicted prior to the shutdown.
"Because it's happening all at once, so quick, so fast, unplanned; it's going to hurt," said Beth Ann Bovino, U.S. chief economist at S&P. "We can absorb it, but it still hurts."
Full article:
http://money.cnn.com/2013/10/16/news/economy/shutdown-economic-impact/
In case anyone questions where the figure came from....
https://www.google.com/webhp?hl=en#hl=en&q=standards+and+poors+estimate+government+shutdown
Gothmog
(145,619 posts)3. I saw this on #tedcruzcampaignslogans on Twitter
I love this