Posted on 01/28/2019 8:21:10 AM PST by SeekAndFind
Standard & Poor's is putting out a garbage estimate that the shutdown cost $6 billion. I believe that is 3/100 of 1% of our $20-trillion economy. Does anyone really think he can figure out the number accurately? As with most things, these supposed "experts" just throw out a number, and the rest of the media repeat the numbers as if they were true with no questions asked.
S&P, Fitch, and Moody's couldn't even figure out that junk mortgages were going to go bad, or didn't care because they were making so much money from selling their souls.
Standard & Poor's is putting out a garbage estimate that the shutdown cost $6 billion. I believe that is 3/100 of 1% of our $20-trillion economy. Does anyone really think he can figure out the number accurately? As with most things, these supposed "experts" just throw out a number, and the rest of the media repeat the numbers as if they were true with no questions asked.
S&P, Fitch, and Moody's couldn't even figure out that junk mortgages were going to go bad, or didn't care because they were making so much money from selling their souls.
S&P reaches $1.5 billion deal with U.S., states over crisis-era ratings
The settlement comes after more than two years of litigation as S&P tried to beat back allegations that it issued overly rosy ratings in order to win more business.
S&P parent McGraw Hill Financial Inc MHFI.N said it will pay $687.5 million to the U.S. Department of Justice, and $687.5 million to 19 states and the District of Columbia, which had filed similar lawsuits over the ratings.
But we are supposed to believe they are able to figure out the cost of this temporary shutdown?
(Excerpt) Read more at americanthinker.com ...
Saved millions on Nancy’s Family vacation
Some manager or executive told the boffins to come up with a number so they did. The boffins keep their jobs, the managers keep theirs and the executives are happy enough.
Been there done that.
If true, they would have saved money approving the wall funding. Just sayin’.
How much was spent on illegal immigrants during this time for welfare, food, clothing, housing, education, medical care, justice system and police costs, jail costs? How many US Citizens were killed or injured by illegal immigrants during this time?
Standard & Poor’s is putting out a garbage estimate that the shutdown cost $6 billion.
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That number needed to be greater than the cost of the border wall. That’s where the number came from. Drives the narrative.
Six billion? Hell we saved that much not putting out rolls of toilet paper in the National Parks.
Wouldn’t it have been cheaper, even in the short run, to have just given President Trump the $5.7 billion?
It is easy enough to come up with a gross estimate based upon a few assumptions: Take the number of furloughed Feds, assume an average salary, assume that all of their work time lost was productive (!), multiply and you can get to 6 billion pretty quickly.
CBO is wrong 50% of the Time. Meaning even ill-educated monkeys could do their job with a much lower tax payer cost.
I want to see the receipt.
DemocRATS could care less about saving money. It's all about denying Trump a win. PERIOD. END OF STORY.
We paid a lot of workers to take a paid vacation...
Actual it might be better for the economy..to send all the DC workers home and pay them til they die and never replace them
Standard macro-economic gesturing and hand waving. Tote up the wages not paid during the shutdown, apply a standard multiplier, and presto!
By the same (faulty) reasoning, the economy will grow by $6 billion, as soon as the backpay is paid out.
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