Liberty News Forum
Political News Forum - Let your opinions be heard on current news and politics. Not for wimps!
Political Opinion Page - Recent Posts - LNF Forums LNF in the Age of Empowerment! Algorithm free!
Christian Forum - Religion Forum - Entertainment - Sports Forum
Military - A1 News Page - Computers Tech - Financial News - Bunker - Presidential Tracking Poll
The House - Off the Wall News - Page 2 - Rasmussen Reports Polls - Chat Room
Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Think the shutdown is saving you money? Think again...
Page Index Toggle Pages: [1] 2  Send TopicPrint
Hot Topic (More than 10 Replies) Think the shutdown is saving you money? Think again... (Read 170 times)
Ulysses
LNF Speaker
LNF Bunker
*****
Online

REDACTED

Posts: 10,641
Location: The Lodestar
Joined: Feb 19th, 2018
Think the shutdown is saving you money? Think again...
Jan 11th, 2019 at 3:54am
Print Post  
Shutdown’s economic damage: $1 billion a week

Quote:
As federal workers face the prospect of missed paychecks during the partial government shutdown, their financial reality is rippling into the broader economy.

The roughly 800,000 government employees who are either furloughed or working without pay will be forced to start slashing their consumer spending when paychecks don’t appear this week. Private-sector contractors and other workers tied to the government are already seeing damage from lost business.

And a hit to the nation’s financial standing is on the horizon with a warning from Fitch Ratings on Wednesday about downgrading the government’s credit rating if the shutdown persists.

Estimates from President Donald Trump’s chief economist peg the cost to the overall U.S. economy at about $1.2 billion for each week the shutdown persists. While that’s just 0.05 percentage points off the GDP growth rate, it could be among the factors complicating the administration’s aspiration of reaching sustained 3 percent growth.

The shutdown — now in its 19th day — could also cost the U.S. government more than a billion dollars in lost productivity for 350,000 workers who are forced to stay home.

The government will likely give back pay to furloughed workers in addition to those forced to perform their duties without pay during the partial shutdown. The Obama administration estimated that the payroll cost alone for the 16-day government shutdown in October 2013 cost $2.5 billion, not counting lost revenue from government entities like national parks that were unable to collect fees.
  

When fascism comes to America, it will be wrapped in the flag, carrying a cross, and wearing road kill as a toupée
Back to top
 
IP Logged
 
forgotten centrist
LNF Speaker
*****
Offline

bring back the middle
class!

Posts: 13,319
Joined: Sep 29th, 2004
Re: Think the shutdown is saving you money? Think again...
Reply #1 - Jan 11th, 2019 at 10:01am
Print Post  
Every time the idea of a govt shutdown comes up, there are always a handful of talking heads cheering for it.  "Think of all the money we're saving!  Less government is good!  We should shut it down more often!"

Yeah, no.
  

2017 dream team (junior member)
and now as friendly as Jasmine!
Back to top
 
IP Logged
 
petep
Hardhat
LNF Bunker
*****
Offline


Posts: 10,467
Location: Maine
Joined: Mar 4th, 2007
Gender: Male
Re: Think the shutdown is saving you money? Think again...
Reply #2 - Jan 11th, 2019 at 10:16am
Print Post  
What are you talking about?? They will still get paid. It’s accrued.
  
Back to top
 
IP Logged
 
forgotten centrist
LNF Speaker
*****
Offline

bring back the middle
class!

Posts: 13,319
Joined: Sep 29th, 2004
Re: Think the shutdown is saving you money? Think again...
Reply #3 - Jan 11th, 2019 at 10:21am
Print Post  
When 800k workers stay home, cut spending, and hunker down, it is a hit to the economy.  Even if they ultimately get their paychecks down the road.  And the number of contractors affected is probably at least double that -- none of whom will get back-pay.  I'd mention the serious loss of productivity in terms of govt services, but I imagine your response would be that their "productivity" only serves to drain the economy.
  

2017 dream team (junior member)
and now as friendly as Jasmine!
Back to top
 
IP Logged
 
petep
Hardhat
LNF Bunker
*****
Offline


Posts: 10,467
Location: Maine
Joined: Mar 4th, 2007
Gender: Male
Re: Think the shutdown is saving you money? Think again...
Reply #4 - Jan 11th, 2019 at 10:38am
Print Post  
forgotten centrist wrote on Jan 11th, 2019 at 10:21am:
When 800k workers stay home, cut spending, and hunker down, it is a hit to the economy.  Even if they ultimately get their paychecks down the road.  And the number of contractors affected is probably at least double that -- none of whom will get back-pay.  I'd mention the serious loss of productivity in terms of govt services, but I imagine your response would be that their "productivity" only serves to drain the economy.


I know the point you are trying to make. On a macro level, if the 800000 did not work for govt, that money would be in taxpayers pockets to spend.
  
Back to top
 
IP Logged
 
RWB
LNF Speaker
LNF Bunker
*****
Offline

VYPR winner of LNF''S
FAKE CONSERVATIVE AWARD

Posts: 16,956
Location: BULLHEAD CITY AZ
Joined: May 20th, 2007
Gender: Male
Re: Think the shutdown is saving you money? Think again...
Reply #5 - Jan 11th, 2019 at 10:54am
Print Post  
I don't remember the Liberal loons getting upset when the black messiah obama shutdown the Goverment over his trainwreck called obamafailure
  

LIBERAL LOONS AMERICAS BEST ENTERTAINMENT VALUE
Back to top
 
IP Logged
 
Archie
LNF Speaker
LNF Bunker
*****
Offline

I Love Liberty News Forum!

Posts: 21,804
Location: Melbourne Florida
Joined: Mar 13th, 2011
Gender: Male
Re: Think the shutdown is saving you money? Think again...
Reply #6 - Jan 11th, 2019 at 2:48pm
Print Post  
Ulysses wrote on Jan 11th, 2019 at 3:54am:



I hate to tell you. But most conservatives know better.
Smiley
  

Freedom
Back to top
 
IP Logged
 
patrick2
LNF Speaker
*****
Online

I Love Liberty News Forum!

Posts: 17,785
Joined: Mar 2nd, 2012
Gender: Male
Re: Think the shutdown is saving you money? Think again...
Reply #7 - Jan 11th, 2019 at 3:11pm
Print Post  
Gassp!  A bunch of government drones, and contractors who feed off the government, have had their feeding trough taken away!  Oh my goodness, I fear for the republic!  Shocked  Not.  Wink

Sounds like an imbecilic micro-Keynsian argument.  Grin
  
Back to top
 
IP Logged
 
KSU_Aviator
LNF House Leader
LNF Bunker
Conservative Caucus
****
Online

Red pots for jammies

Posts: 8,303
Location: Fort Worth TX
Joined: May 19th, 2003
Gender: Male
Re: Think the shutdown is saving you money? Think again...
Reply #8 - Jan 11th, 2019 at 3:18pm
Print Post  
Let's pretend people are saying something so we can debunk it. If only there was a label for that kind of argument...hmmm
  


Back to top
 
IP Logged
 
petep
Hardhat
LNF Bunker
*****
Offline


Posts: 10,467
Location: Maine
Joined: Mar 4th, 2007
Gender: Male
Re: Think the shutdown is saving you money? Think again...
Reply #9 - Jan 11th, 2019 at 5:39pm
Print Post  
This thread is hilarious. If there were 10 of us on an island, and 7 of us produced goods and sold them to each other, and we agreed to chip in 10 dollars each month and give that to 3 people to say keep the beach clean. Those three are the govt workers.

If all 7 workers wanted to go work for the govt and clean the beach, where would the money come from to pay for them.

Govt workers do not contribute to the economy. They are 100 percent funded by the private sector.
  
Back to top
 
IP Logged
 
Page Index Toggle Pages: [1] 2 
Send TopicPrint
 
Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Think the shutdown is saving you money? Think again...

LNF Home - Political Opinion Page
LNF Forums

Christian Forum - Religion Forum - Sports Forum - Entertainment - House
Military, History - Cooking and Crafts - Creative Writing
Off the Wall News - Science Forum - Tech Gadgets - Financial News - Humor
Bunker - Page 2 - Page 3 - Page 4 - Chat Room





Drudge Report - News Max - Rush Limbaugh - FrontpageMag
Advertise on the LNF - Twitter LNF - LNF Archive - LNF News
LNF Blog
News and Political Links
Political Blogs
Add your website or blog
Political Columnists
Political Humor
A1 News Page
David Limbaugh
Political Frog
Conservatives Directory
President Trump Approval Poll
Presidential Party Election Poll News forum posting, privacy policy and member rules