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Federal Government Begins First Shutdown In 17 Years

forbes.com

41–50 of 233 posts

Re: Federal Government Begins First Shutdown In 17 Years

#41
post #30

How do the Republicans reckon they'll come out ahead after this? It'll be a GOP bloodbath in 2014.

GOP moderates will take a hit. The more conservative members that are driving this shutdown will end up strengthening their base, so they won't feel as much pressure.

Re: Federal Government Begins First Shutdown In 17 Years

#42

We all spend so much time focusing on the Federal Government but I doubt many of us will even notice the "shut down." Compare that with what would happen if your local and state governments shut down: Trash would pile up. Criminals would run free in the streets. Fires wouldn't be put out. Water and electricity would stop. Sewage systems would back up. Schools would close. We're talking about services that are the ver…

The truly positive contribution of a federal government (besides the questionable benefit of military protection) comes in the form of automatic stabilizers for the economy.

When there is a shock to the economy, social safety nets dampen the pain significantly. Local and state governments would never be able to provide a reliable social safety net, because they have to operate on the same principles as every other user of a currency. The federal government can operate on the principles of an issuer of the currency. That is a big difference.

In fact, you can see this difference play out in slow motion in the Eurozone, which still has not recovered from the financial crisis. Things would have played out very different had their been a Eurozone federal government that provides at least the basic components of the social safety nets.

Re: Federal Government Begins First Shutdown In 17 Years

#43

I really hate that the media has labeled this a government shut down. Is the NSA going to stop spying on us? Are they still printing money? Are corporate subsidies still proceeding as normal? Will they stop taxing us? Will they stop giving out checks to the military industrial complex? Will they stop military attacks? Will we still be felt up at airports? Are they still going to throw people behind bars for illegal p…

About half the DoD is going home (civilian side). Also the IRS will stop all audits since it is losing a huge chunk of its staff.

Re: Federal Government Begins First Shutdown In 17 Years

#45
post #21

Isn't there anything in the US constitution to break deadlocks? In Australia if the government can't get a bill through the senate, they can try again in 3 months and if it still doesn't go through then it can be used a trigger to dismiss the house of reps and the senate and call a new election.

I think 3 months is a bit long to wait, but I'd be all for a new election.

Re: Federal Government Begins First Shutdown In 17 Years

#46
>The bigger issue, he [Vanguard Group Chief Economist Joseph Davis] said, is how much the turmoil raises the “Uncertainty Tax” on the U.S. economy. Policy uncertainty, Davis argues, is already keeping U.S. economic growth down around 2%, when it could be 3% a year.

This is what captures my frustration as well.

It's infuriating that a faction of Tea Partiers is causing such instability. Having campaigned on a promise of doing anything to stop ObamaCare, they've already played their (reckless) hand.

This is bringing a hatchet where you need a scalpel; "ObamaCare" will still go into effect no matter what, and this does nothing more than score political points at the expense of the nation's health.

This is precisely why people hate and subsequently tune out to politics - an unfortunate and dangerous reality.

Re: Federal Government Begins First Shutdown In 17 Years

#47
post #31

I really hate that the media has labeled this a government shut down. Is the NSA going to stop spying on us? Are they still printing money? Are corporate subsidies still proceeding as normal? Will they stop taxing us? Will they stop giving out checks to the military industrial complex? Will they stop military attacks? Will we still be felt up at airports? Are they still going to throw people behind bars for illegal p…

Not sure who counts as "military industrial complex", but the Pentagon has already said that troops will not be paid: http://www.google.com/hostednews/afp/article/ALeqM5gC5rwPOPz...

I think he means the contracts are still in place for building more weapons and those weapons will continue being used despite the fact that soldiers and their families will not be receiving their pay.

Re: Federal Government Begins First Shutdown In 17 Years

#48
post #31

I really hate that the media has labeled this a government shut down. Is the NSA going to stop spying on us? Are they still printing money? Are corporate subsidies still proceeding as normal? Will they stop taxing us? Will they stop giving out checks to the military industrial complex? Will they stop military attacks? Will we still be felt up at airports? Are they still going to throw people behind bars for illegal p…

Not sure who counts as "military industrial complex", but the Pentagon has already said that troops will not be paid: http://www.google.com/hostednews/afp/article/ALeqM5gC5rwPOPz...

Hours before the shutdown, Obama signed a bill that granted an exception to the military, ensuring it will continue to operate and troops will be paid: http://www.politico.com/story/2013/09/government-shutdown-se...

Re: Federal Government Begins First Shutdown In 17 Years

#49
post #7
post #5

Even with all the money being printed by Fed (>80 billion usd per month!) there is not enough money for the biggest military+police government on Earth.

You have a lot of things mixed up. This isn't about not enough money. It's about Congress having to pass a budget in order to run the government. Maybe you're thinking of the debt ceiling?

[deleted]

Re: Federal Government Begins First Shutdown In 17 Years

#50
post #37
post #31

Earlier quoted context omitted.

Not sure who counts as "military industrial complex", but the Pentagon has already said that troops will not be paid: http://www.google.com/hostednews/afp/article/ALeqM5gC5rwPOPz...

It is worth noting, incidentally, that the DoD is the largest employer in the world: http://en.wikipedia.org/wiki/List_of_largest_employers

Which I think says something very sad about our national priorities.
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