Posted on 01/10/2019 9:05:37 AM PST by DCBryan1
The country would face an economic hellscape if the government shutdown lasts "months or even years," as the president has suggested it might, experts tell NBC News.
The doomsday scenario might be unlikely — the longest the federal government has ever shut down is 21 days, a record that will fall if the current closure lasts until Saturday — but it is chilling.
"We'll be in no man's land," Mark Zandi, chief economist at Moody's Analytics, told NBC News.
If the worst were to happen, experts say the devastating impact would be widespread:
•38 million low-income Americans lose food stamps
•6 million face an uncertain timetable for collecting tax refunds
•2 million without rental assistance and facing possible eviction
•800,000 paycheck-less federal employees plunged into dire financial straits
•Shuttered parks and museums while overstressed airports cause tourism to tank
•Federal court system slows to a crawl
•Disaster relief money doesn't get to storm-ravaged areas •Lapsed FDA and EPA inspections lead to dangerous outbreaks
•Private companies looking to go public are stuck in limbo
•Stock market plummets
The end isn't near — yet. But if the standoff persists
(Excerpt) Read more at nbcnews.com ...
>>>6 million face an uncertain timetable for collecting tax refunds<<<
In other words, People who don’t pay any Income Taxes will not get their $6,431 Earned Income Tax Credit, many of those Illegal Invaders with fake I.D.’s.
Can we nominate other FedGov departments and agencies to shut down? Why are EPA, Education, Labor, and HHS not shut down too? Who messed up the planning on that one? I’d be happy to shut them down forever.
Exactly - delay my refund. Starve the bastards
That’s quite a list of mostly Democrat groups there.
Don’t forget human sacrifice.
It would be a terrible shame, if they didn’t have as much money to send to their radical leftist organizations and Democrat campaigns. [Little irony and sarcasm there.]
My concern is the Coast Guard. Has anything been done to cover them? I have a niece and her husband who are members.
The Detroit Lions winning the Super Bowl!
We can start with a full and permanent shutdown of the federal dept of education.
It’s obviously not accomplishing anything.
Remember to change your Withholding Deduction and starve the beast. You aren’t a Bank handing out Interest Free Loans.
and 90 year olds lose ability to get erections.
All of this and no mention of the financial savings to the US Treasury! Funny how they missed that part, hug?!?
L.A. Unified Teachers are threatening a Strike which means that Anchor Babies and Dreamers won’t be getting Educated.
Any American Citizen Parents sending their Kids to an L.A. Unified School District School are fools.
38 million low-income Americans lose food stamps - That’s a very good thing. Make those caravan folks aware of this.
6 million face an uncertain timetable for collecting tax refunds - That’s business as usual. The serfs are ordered to have their taxes in by April 15 but the over lords always take their sweet time with refunds. The IRS isn’t a bank and people should be adjusting their withholding so they aren’t paying so much. It’s also time to fix the loopholes and eliminate the freebie credits.
2 million without rental assistance and facing possible eviction - Perhaps they should get jobs before they lose the free roofs over their heads. Trump has already issued letters for landlords and the mortgage banks.
800,000 paycheck-less federal employees plunged into dire financial straits - Federal employees have always made more than the Average Joe. If Average Joe is smart enough to put some back for a rainy day, so should fed employees have done.
Shuttered parks and museums while overstressed airports cause tourism to tank - Ok, so this is a problem. Bad guys will see overstressed airports as an easy in. Trees in parks will continue to grow and painting hanging on walls will continue to hang.
Federal court system slows to a crawl - Which is the norm. Perhaps judges won’t issue continuance after continuance after continuance which would be a good thing.
Disaster relief money doesn’t get to storm-ravaged areas - Trump can make these decisions case by case.
Lapsed FDA and EPA inspections lead to dangerous outbreaks - Oh, no! Not another Romaine lettuce scare! Deport the pickers and things should greatly improve.
Private companies looking to go public are stuck in limbo - can’t be bothered with rich companies.
Stock market plummets - Ebb and flow. Up and down.
By the end of February, the Supplemental Nutrition Assistance Program, or SNAP, run by the Department of Agriculture, would be out of funding — meaning almost 40 million low-income Americans could find themselves struggling to pay for food - More winning. Get out and find a job and become a responsible member of society. Support your kids yourselves instead of making the rest of us pay for them. Learn a little self control and keep your pants zipped. Look up the definition of “supplemental”.
800,000 government employees who aren’t getting paid during the shutdown - They non-essential so pay them off today and eliminate the position.
Workers are going to to start walking out and find better paying jobs - A VERY GOOD THING.
Tourism devastated - That should keep turd world diseases out. Hurt business dealings? What, these big companies have never heard of the phone or video conferencing? Hey, that’d save on their carbon footprints so the demonrats should be happy.
https://www.cbsnews.com/news/government-shutdown-coast-guard-wives-extremely-tight-budgets/
Nope. Coast Guard is now under the Department of Homeland Security and unfunded.
They will be declared essential workers. And they will work, or forever give up any hope of a Federal job and pension.
I really question the accuracy of the article you provided, as of the date published ALL Fed workers had gone “nearly two weeks” since being last paid.
They’re paid every 15 days.
The Dow is up a little and close to 24,000 now. Looks good.
Nothing But CRAP seems to be leading the charge they must be ecstatic about doomsday for the Rat party more than we are!
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