Shutdown numbers

[editec]

As Goldman Sachs' (GS) Alec Phillips points out, "For every day of shutdown, federal compensation in Q4 is reduced by $400 million." Less income for government employees equals less spending. So at some point, the shutdown is going to start weighing (heavily) on the economy.

But where is that point?


I'd say it's around 21 business days. At that point, the shutdown would slash GDP growth for the fourth quarter by about 40%. Wall Street Daily - wallstreetdaily.com

$400 million per day? And that does not include the entire Federal government, just the "non-essential" personnel.

Yikes!

 

[Rshermr]

As Goldman Sachs' (GS) Alec Phillips points out, "For every day of shutdown, federal compensation in Q4 is reduced by $400 million." Less income for government employees equals less spending. So at some point, the shutdown is going to start weighing (heavily) on the economy.

But where is that point?


I'd say it's around 21 business days. At that point, the shutdown would slash GDP growth for the fourth quarter by about 40%. Wall Street Daily - wallstreetdaily.com

$400 million per day? And that does not include the entire Federal government, just the "non-essential" personnel.

Yikes!

Yeah, yikes. But that simply shows how important it is in the minds of repubs to stop the aca. Because their benefactors, the private insurance companies, are paying them big time to stop it. So, they could care less if the public suffers. As long as they get what they want. In the past, that would be obviously un american. Today, just normal republican politics.

 

[jwoodie]

As Goldman Sachs' (GS) Alec Phillips points out, "For every day of shutdown, federal compensation in Q4 is reduced by $400 million." Less income for government employees equals less spending. So at some point, the shutdown is going to start weighing (heavily) on the economy.

But where is that point?


I'd say it's around 21 business days. At that point, the shutdown would slash GDP growth for the fourth quarter by about 40%. Wall Street Daily - wallstreetdaily.com

$400 million per day? And that does not include the entire Federal government, just the "non-essential" personnel.

Yikes!

Federal compensation has always been retroactively restored after a "shutdown," so any reduction in growth would be made up in the following quarter.

 

[waltky]

Granny says, "Dat's right - shut it down...

Trump: Our country ‘needs’ government shutdown to pass GOP agenda
May 2, 2017 - President Trump called for a government shutdown later this year to further the goals of the Republican Party.

On Tuesday morning, Trump said a shutdown is necessary for Republicans to negotiate with Democrats on a spending bill next September after the current spending bill runs its course. He argued that the government closure would help to clean up the “mess” in Washington, D.C., either by prompting Senate Republicans to scrap the legislative filibuster’s 60-vote threshold — something many GOP lawmakers oppose — or by boosting the Republicans in the 2018 congressional elections.

The reason for the plan negotiated between the Republicans and Democrats is that we need 60 votes in the Senate which are not there! We….

— Donald J. Trump (@realDonaldTrump) May 2, 2017


either elect more Republican Senators in 2018 or change the rules now to 51%. Our country needs a good "shutdown" in September to fix mess!

— Donald J. Trump (@realDonaldTrump) May 2, 2017

President Trump talks with reporters as he walks to the Oval Office on May 2.​

Trump’s comments came in the aftermath of a congressional deal on a continuing resolution to keep the government funded through September. And Democrats secured a number of wins at Trump’s expense. The bipartisan, $1 trillion spending bill stipulates that none of the money can go toward constructing Trump’s promised U.S.-Mexico border wall. The legislators also rejected most of Trump’s proposed cuts to the nation’s nonmilitary spending.

Amid criticism from some conservatives over the deal, Trump argued that Republicans gave the concessions to Democrats because they didn’t have enough senatorial votes to go it alone. An alternative to scrapping the filibuster, Trump suggested, was for voters to elect more Republicans to the Senate in the 2018 midterms. Trump has repeatedly expressed frustration at Congress for not quickly embracing his legislative agenda. In a recent interview, Trump denounced the rules of Congress as “unbelievably archaic and slow-moving,” and he called Democrats “totally obstructionist” at a rally in Pennsylvania on Saturday. Nevertheless, he said, Republicans would win the “great battles” ahead.

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See also:

Congress reaches spending deal, lowering odds of government shutdown
April 30, 2017 | WASHINGTON — Congress has reached an agreement to fund the federal government through September in a bipartisan deal that rejected President Trump’s demand for a border wall and non-defense domestic spending cuts.

The $1 trillion-plus spending bill will allocate $1.5 billion for additional technology and infrastructure on the border, but includes language that explicitly states those funds cannot go to the construction of a wall. Lawmakers also rejected the president’s demand for $18 billion in non-defense spending cuts, increasing funds for the National Institutes for Health (NIH) by $2 billion for cancer research. Democrats held off the White House’s demand to cut the Environmental Protection Agency by a third as well, with that agency getting just a 1 percent trim off its budget.

Senate Majority Leader Mitch McConnell points to a reporters after a policy luncheon on Capitol Hill.​

The bipartisan deal also increased military spending by $12.5 billion — less than half the $30 billion the president asked for — with an extra $2.5 billion contingent upon the Trump administration showing Congress a plan to defeat ISIS. The bill doesn’t touch funding for so-called sanctuary cities and Planned Parenthood — two hot-button issues the Democrats had called “poison pills.” But Democrats were stymied in their effort to get Congress to take over funding key Obamacare subsidies. The final deal does not include them, though the Trump administration told Democrats they would continue to fund that part of Obamacare for now.

Democrats entered the negotiations with a lot of leverage, since Republicans, eager to prove their governing chops, did not want to be blamed for a government shutdown while they controlled both houses of Congress and the White House. House Republicans have also been eager to move on from spending negotiations to a second attempt at repealing and replacing Obamacare. A vote on the amended health care bill could happen this week.

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[EdwardBaiamonte]

Because their benefactors, the private insurance companies, are paying them big time to stop it.

if you have evidence of this I will pay you $10,000. Bet or admit to being a liar!!