Posted on 01/14/2019 5:22:36 PM PST by E. Pluribus Unum
The U.S. economy lost $3.6 billion by Jan. 11, according to an S&P Global Ratings report, which suggests that by the end of the next two weeks, the economy will have lost more than the price of President Donald Trump’s requested border wall.
Having lost just over $3.5 billion by Friday, the 21st day of the partial government shutdown, the S&P says that roughly $1.2 billion a week for another two weeks would “[exceed] the $5.7 billion requested for the proposed wall along the U.S.-Mexico border.”
“The longer this shutdown drags on, the more collateral damage the economy will suffer,” the agency said in a news release.
As of Saturday, the partial government shutdown, which began on Dec. 22, is the longest in the country’s history. (RELATED: Trump Cancels Trip To Switzerland Over Border Security)
Trump and the White House have pushed to cast blame on the Democrats for not agreeing to pass legislation to fund the $5.7 billion wall. Trump reiterated this claim in a Monday tweet, saying House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer could end the shutdown “in 15 minutes.”
Trump also told reporters Monday that he would not be declaring a national emergency at the southern border to obtain the funding without Congressional approval.
“I’m not looking to call a national emergency. This is so simple we shouldn’t have to,” the president told reporters as he departed the White House for New Orleans.
Republican Rep. Denver Riggleman of Virginia told WMAL’s “Mornings on the Mall” that he’s talked to other Democrats, and they privately feel the country needs a physical barrier along the border.
(Excerpt) Read more at dailycaller.com ...
US border wall
How to quantify a loss on paper in stocks? They come back, not valid here.
Cost or saved $5.7 billion?
This is just so much crap! The economy ( as measured by the stock market I suppose) goes up and down independently of how many useless people we have on our payroll at any given time.
$5 billion amounts to like 000.08 of the economy. Unnoticeable.
We wouldn’t be aware they was a shutdown save for the cable tv fake news media chyrons blaring on about it.
No one cares.
Not Trump’s problem.
Schumer/Problem.
So by not spending money , money is being lost? Sounds like FAKE news to me!
The Dems own this now. $5.7 Bil in a trillion dollar budget.
The government always operates at a loss. They take $1.00 in taxpayer money and turn it into $0.23 worth of crap you don’t need, and that’s being generous.
Its amazing how much we can do without those shuttered agencies liberals wail about.
Congress promised US border security in 1986.
They promised US again with the Secure Fence Act in 2006.
Time’s up.
BUILD THE WALL!
DEPORT THEM ALL!
The Democrat party of crime has been looting America and blowing tax dollars like drunken lottery winners for decades.
They’re whole agenda is to undermine, compromise and bankrupt the U.S., as they destroy our borders, our morals, our language, our sovereignty, our monuments, our currency and our educational system.
We don’t care. BUILD THE WALL!!
The traitorous Demonicrats like Nancy and Chuckie would rather destroy America than agree with President Trump to defend American by building the wall.
Fake math fake news...
Let’s divide Trump’s request of $5.7 billion by $4.407 trillion, the federal budget for fiscal year 2019...
This is a steaming pile of bovine excrement.
People don’t starve based on short term stock price movements.
People don’t lose their homes in 21 days, even in America.
This ‘shut down’ could be ended tomorrow, if only the dhimmicraps could get past their hatred of Trump, and do what is right for America.
I keep wondering about that, too.
HOW do we, as citizens "lose money" when government workers aren't working?
Are we making fewer U.S. bonafide widgets during a shutdown?
Selling bonafide widgets at a loss?
I don't get it.
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