Sunday, October 20, 2013

How much did the 16 day shutdown cost?



As we are all aware, after 16 days, the government has been reopened. The government experienced a shutdown this year because the Republicans and Democrats of the House couldn't agree on a spending plan for the fiscal year that started as they wrangled over Obama care. With federal employees not being paid, how much did this whole situation cost? Well, though this only occurred over a short period of time, the US government was hit with about a $24 billion dollar debt to the GDP. In other words, the US economy has been hurt by the shutdown. Workers of the federal government will be affected along with the prices of resources and entertainment for the people (gas, restaurants, vacations, etc.)
                Where was this $24 billion dollar debt lost in? About $3.1 billion was lost in government or public services. This means that a large portion was lost in the businesses that supply an essential commodity. These commodities are things such as water or electricity, or a service, such as communications (telephone or cellphone) or transportation (buses and trains), to the public in their homes or places where they work.  About $152 million a day (or about $2.4 billion in all 16 days) was lost in the US travel association.  The US Travel Association is used to help people travel on their jobs or for educational purposes. So this money was lost mostly by people who work and study abroad in other countries.
                About $13 million a day (or $208 million in all 16 days) locally, or in the communities of the people, and $76 million a day ($1.2 billion in all 16 days was lost due to national parks. National parks are simply to entertain the people of society. It’s shocking that something that is just simply for the people to enjoy caused the economy to lose so much money during the government shutdown. Lastly $6.2 billion was lost in tourism. This is another act that is just simply for the people of society to be entertained.
                So, as shown above, the government 16 day shut cost more than just employees of the federal government not being paid. It affected the people and the activities that they do every day. These low cost and inexpensive activities turned out to be a huge debt to the economy. Though the government feels that in 90 days the economy should be back to where it was it is still a pondering situation to figure out where and how they are going to make up the debt. This has caused people to really feel that this government shutdown was not a good or smart idea

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