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View Full Version : The 16-day government shutdown took a $24 billion chunk out of the U.S. economy



nic34
10-18-2013, 01:59 PM
So the fiscally responsible conservatives' shutdown tantrum cost was about that of the entire TANF budget.

You see clearly their "priorities"....


The 16-day government shutdown took a $24 billion chunk out of the U.S. economy, according to an initial analysis from Standard & Poor's.

http://money.cnn.com/2013/10/16/news/economy/shutdown-economic-impact/

Kalkin
10-18-2013, 02:05 PM
So, let me get this right: we have a hugely bloated federal bureaucracy that's been spending roughly a trillion dollars a year over it's revenue, and a 16 day "shutdown" that only really shut down less than 20% of said government costs more than keeping it running? Sounds like big-gov spin bullshit to me.

GrassrootsConservative
10-18-2013, 02:14 PM
So, let me get this right: we have a hugely bloated federal bureaucracy that's been spending roughly a trillion dollars a year over it's revenue, and a 16 day "shutdown" that only really shut down less than 20% of said government costs more than keeping it running? Sounds like big-gov spin bullshit to me.

Yes, probably. Either it was shut down or it wasn't.

nic34
10-18-2013, 02:18 PM
Hey, here's the link if you are all still so confused. :rollseyes:

http://money.cnn.com/2013/10/16/news...onomic-impact/ (http://money.cnn.com/2013/10/16/news/economy/shutdown-economic-impact/)

Chris
10-18-2013, 02:21 PM
So, let me get this right: we have a hugely bloated federal bureaucracy that's been spending roughly a trillion dollars a year over it's revenue, and a 16 day "shutdown" that only really shut down less than 20% of said government costs more than keeping it running? Sounds like big-gov spin bullshit to me.

You got it. Just think how much more it cost running full steam.

Beevee
10-18-2013, 02:23 PM
So the fiscally responsible conservatives' shutdown tantrum cost was about that of the entire TANF budget.

You see clearly their "priorities"....


The 16-day government shutdown took a $24 billion chunk out of the U.S. economy, according to an initial analysis from Standard & Poor's.

http://money.cnn.com/2013/10/16/news/economy/shutdown-economic-impact/

Since it wasn't shut down, that must be classed as a conservative victory and if it had been shut down, that would also be classed as a conservative victory, ​by conservatives.

Cigar
10-18-2013, 02:23 PM
So the fiscally responsible conservatives' shutdown tantrum cost was about that of the entire TANF budget.

You see clearly their "priorities"....


The 16-day government shutdown took a $24 billion chunk out of the U.S. economy, according to an initial analysis from Standard & Poor's.

http://money.cnn.com/2013/10/16/news/economy/shutdown-economic-impact/

:rollseyes: and they cut 8 Billion from Food Stamps :rollseyes:

nic34
10-18-2013, 02:28 PM
How about they make up that $24 billion before they can shut it down again? Hummmm?:grin:

GrassrootsConservative
10-18-2013, 02:34 PM
:rollseyes: and they cut 8 Billion from Food Stamps :rollseyes:

Get a job so you won't need those food stamps.

GrassrootsConservative
10-18-2013, 02:40 PM
How about they make up that $24 billion before they can shut it down again? Hummmm?:grin:

Lol how does this make one iota of sense? We're not the ones who spent that money to close down things that normally stay open for free to cause an inconvenience to vets and other hated-by-Liberals Americans.

Chris
10-18-2013, 02:57 PM
How about they make up that $24 billion before they can shut it down again? Hummmm?:grin:

Agreed. The President and the House and the Senate should all go without pay till it's paid off. Too bad we don't have debtor's prison, we throw the bums in the hoosegow.

Alyosha
10-18-2013, 03:15 PM
The Drug war takes close to a half-trillion out of the economy each year between rehab, legal fees, court costs, enforcement, time out of work, and incarceration...and is immoral.

GrassrootsConservative
10-18-2013, 03:22 PM
The Drug war takes close to a half-trillion out of the economy each year between rehab, legal fees, court costs, enforcement, time out of work, and incarceration...and is immoral.

And if I may add, even after all that, it does not work.

Chris
10-18-2013, 03:36 PM
The Drug war takes close to a half-trillion out of the economy each year between rehab, legal fees, court costs, enforcement, time out of work, and incarceration...and is immoral.



What's the Poverty War cost? And it's failing too.

AmazonTania
10-18-2013, 07:18 PM
Again, $24 Billion dollars is 0.001% of Gross Domestic Product. Why are people getting up in arms about one one-thousandth of GDP? Did America become Greece overnight?

Chris
10-18-2013, 08:14 PM
Again, $24 Billion dollars is 0.001% of Gross Domestic Product. Why are people getting up in arms about one one-thousandth of GDP? Did America become Greece overnight?


It's called faux rage. It's a partisan virus that spreads like fear.

Kalkin
10-18-2013, 08:16 PM
Hey, here's the link if you are all still so confused. :rollseyes:

http://money.cnn.com/2013/10/16/news...onomic-impact/ (http://money.cnn.com/2013/10/16/news/economy/shutdown-economic-impact/)
No confusion here. Your link might as well contend that 2+2=5. A link to someone's spin doesn't make it relevant.

Chris
10-18-2013, 08:24 PM
No confusion here. Your link might as well contend that 2+2=5. A link to someone's spin doesn't make it relevant.

He didn't read it anyhow.

Kalkin
10-18-2013, 08:31 PM
He didn't read it anyhow.
Considering it contends that the economy took a hit from government employees being furloughed, it stands to reason that the economy will regain any lost momentum when they receive their back pay. I don't see the problem, tbh.

patrickt
10-18-2013, 08:51 PM
And, Obama's official debt just hit $17,000,000,000,000. And, with unlimited debt he can shoot the moon, now. The planned destruction of the country he hates is proceeding.

AmazonTania
10-18-2013, 09:05 PM
Perhaps I can best point out how meaningless this outrage is by illustrating it in simple terms:


http://img132.imageshack.us/img132/5909/gsk.png

zelmo1234
10-19-2013, 02:38 AM
How about they make up that $24 billion before they can shut it down again? Hummmm?:grin:

We can do that in a day or 2 if you would just give the people a tax cut!

patrickt
10-19-2013, 04:53 AM
Liberals are terrified that people might have, gasp, disposable income. That's money above and beyond maintaining life...after taxes. Every dollar of disposable income is a dollar the liberals missed with taxes.

If $24,000,000,000 is a chunk of money then what is $17,000,000,000,000 and what will $40,000,000,000,000 be called? I'd go with $17,000,000,000,000 being called a shitload of money and the $40,000,000,000,000 being called the liberal legacy for our grandchildren.

nic34
10-21-2013, 09:10 AM
Again, $24 Billion dollars is 0.001% of Gross Domestic Product. Why are people getting up in arms about one one-thousandth of GDP? Did America become Greece overnight?

Then why do people get up in arms about the TANF program if it's such a miniscule amount?

AmazonTania
10-21-2013, 09:29 AM
Anyone will get a hissy fit over anything just for any excuse not to cut spending. The sequester was supposed to destroy the economy last April, and even that had no profound effect on the economy. What makes anyone believe $24 Billion is going to make a difference?

Decreasing Government spending effects GDP. Not spending money also effects GDP. All the Government has done was NOT spend money. It can increase it's rate of spending anytime it wants. Annualised growth in the country is so small, $24 Billion isn't going to raise any eyebrows.

nic34
10-21-2013, 09:53 AM
I think what is universal, is that people see the govt. spending most of it's budget on fat cats, bloated corporations, banks, seemingly useless projects and deadbeats.

They want to see their taxes used for regular folks that need a hand finding work or building a business. They want their neighborhoods safe and their immediate environment is clean. They want their country defended, but right here, not in Afghanistan. With that in place, they want to make their own decisions. Healthcare, retirement, abortion, birth control, drugs, food and shelter. A hand up, not a handout. Tell me it's NOT about just that.

Chris
10-21-2013, 10:35 AM
I think what is universal, is that people see the govt. spending most of it's budget on fat cats, bloated corporations, banks, seemingly useless projects and deadbeats.

They want to see their taxes used for regular folks that need a hand finding work or building a business. They want their neighborhoods safe and their immediate environment is clean. They want their country defended, but right here, not in Afghanistan. With that in place, they want to make their own decisions. Healthcare, retirement, abortion, birth control, drugs, food and shelter. A hand up, not a handout. Tell me it's NOT about just that.



Agree. We're all tired of our corrupt corporatist government. Ironically, some want to reduce that by growing government even bigger.

Captain Obvious
10-21-2013, 10:36 AM
The funny part is - assuming this figure is accurate and practical, then it shows that our gubmint is also highly inefficient even when it shuts down.