The Congressional Budget Office issued projections Wednesday for three different scenarios about the length of the government shutdown as it nears a full month.
$7 bil is the low estimate for irrecoverable economic damage once government reopens and things are funded again. The longer it goes the worse the permanent impact, but the CBO claims that reopening will restore working order for the most part.
A lot of the damage is actually recovered as soon as people get their money. People paying rent and bills they’ve taken out short-term loans for will all recover basically overnight. The estimate is for what everything that won’t.
like 7k per worker, if they continue to work for free, might make some sense tbh, but i would have thought not working government services also do some stuff, like snap benefits would fuck a lot of people and economy
that seems… cheap?
$7 bil is the low estimate for irrecoverable economic damage once government reopens and things are funded again. The longer it goes the worse the permanent impact, but the CBO claims that reopening will restore working order for the most part.
Yeah this is the right answer.
A lot of the damage is actually recovered as soon as people get their money. People paying rent and bills they’ve taken out short-term loans for will all recover basically overnight. The estimate is for what everything that won’t.
Yeah I’d expect it to be like, 10-100 times that
like 7k per worker, if they continue to work for free, might make some sense tbh, but i would have thought not working government services also do some stuff, like snap benefits would fuck a lot of people and economy
SNAP hasn’t failed to pay out yet, I think it’s November 1st. And it’s never not paid out before afaik, so we’ll see what happens
i mean i would have assumed that office of budget projections would project such an outcome