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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