Cost of the Shut Down

[dynasaw]

Cost of the Shut Down

Source: Huffington Post

Government Shutdown Cost $24 Billion, Standard & Poor's Says

"WASHINGTON -- The government shutdown has taken at least $24 billion out of the United States economy, the financial ratings agency Standard & Poor's said Wednesday.

The firm said the shutdown caused it to cut its forecast of gross domestic product growth in the fourth quarter by at least 0.6 percentage point. The agency lowered its estimate for GDP growth to close to 2 percent from 3 percent.

The estimate represents a staggering cost to the economy of a completely self-inflicted political catastrophe. Unlike the 2008 economic crisis and other past recessions, the government shutdown had nothing to do with larger economic trends. The numbers show Washington's brinksmanship caused real damage beyond furloughed government workers and the Washington, D.C., region."

http://www.huffingtonpost.com/2013/10/16/government-shutdown-cost_n_4110818.html?utm_hp_ref=politics

[Tarheel_Dem]

1. The whole Tea Party caucus should be forced to forego their salaries until they leave Congress.

Assholes just increased the debt, in an attempt to shrink it. What more needs to be said about 'em?

[dynasaw]

2. Ironic

for a bunch who decried government spending.

[Tarheel_Dem]

3. Indeed. nt