US economy lost at least $6 billion during shutdown, S&P says
Source: The Hill
BY MORGAN GSTALTER - 01/26/19 09:24 AM
The U.S. economy lost at least $6 billion during the record-long partial government shutdown, S&P Global Ratings said Friday.
The economic hit stems from a loss of productivity and and economic activity lost to outside business during the shutdown, which ended on its 35th day on Friday, Reuters reported.
Nearly 800,000 federal employees were furloughed or working without pay during the shutdown.
The shutdown, the longest in U.S. history, started on Dec. 22 over President Trumps demand for $5.7 billion in funding for his long-desired wall along the U.S.-Mexico border.
Read more: https://thehill.com/homenews/administration/427085-us-economy-lost-at-least-6-billion-during-shutdown-sp-says
rocktivity
(44,576 posts)I guess President Duh Donald will really be able to declare a legitimate national emergency now -- or is repaying that debt a bigger national emergency?
rocktivity
Achilleaze
(15,543 posts)for the sake of a distorted and compromised ego.
cstanleytech
(26,294 posts)Repugnants in the House and Senate are at fault for this but especially the Senate ones as they are the majority party there and they could have ended the shutdown at any time.
democratisphere
(17,235 posts)how did they let this happen? Now how are they going to pay for the taxcuts to the super rich?
groundloop
(11,519 posts)Of course that's obvious to any non-right winger.
Yes, Tiny is a disaster to our country. He and Pence need to be gone NOW.
democratisphere
(17,235 posts)80% of US are already living paycheck to paycheck; we'll just add another $1.4 trillion or more to the national debt and let future generations come up with the magic of how to pay for it.
Iliyah
(25,111 posts)shithole caused a whole lot of pain, suffering, distrust, and hatefulness.
McCamy Taylor
(19,240 posts)Looks like Trump is a true Republican.
zentrum
(9,865 posts).....that because we tax payers will be paying back pay for work not in fact performed by government employees, we are, in essence, paying twice for the same services. So that 6B is buying only 3B in services needed by us.
Trump's only genius is to bankrupt.
Honeycombe8
(37,648 posts)There are snowball effects, yet unknown.