US economy lost at least $6 billion during shutdown, S&P says

[DonViejo]

Source: The Hill



BY MORGAN GSTALTER - 01/26/19 09:24 AM

The U.S. economy lost at least $6 billion during the record-long partial government shutdown, S&P Global Ratings said Friday.

The economic hit stems from a loss of productivity and and economic activity lost to outside business during the shutdown, which ended on its 35th day on Friday, Reuters reported.

Nearly 800,000 federal employees were furloughed or working without pay during the shutdown.

The shutdown, the longest in U.S. history, started on Dec. 22 over President Trump’s demand for $5.7 billion in funding for his long-desired wall along the U.S.-Mexico border.

Read more: https://thehill.com/homenews/administration/427085-us-economy-lost-at-least-6-billion-during-shutdown-sp-says

[rocktivity]

1. But that's almost enough to pay for the wall!

I guess President Duh Donald will really be able to declare a legitimate national emergency now -- or is repaying that debt a bigger national emergency?


rocktivity

[Achilleaze]

2. Stupid republicans pissed on America's economy

for the sake of a distorted and compromised ego.

[cstanleytech]

6. Yup and no matter how many times people try to claim it was Trump the truth is that all of the

Repugnants in the House and Senate are at fault for this but especially the Senate ones as they are the majority party there and they could have ended the shutdown at any time.

[democratisphere]

3. With all of the economic masterminds in this WH like drumpf, Wilbur Ross and Mick Mulvaney,

how did they let this happen? Now how are they going to pay for the taxcuts to the super rich?

[groundloop]

4. THEY aren't paying for those tax cuts... WE are.

Of course that's obvious to any non-right winger.

Yes, Tiny is a disaster to our country. He and Pence need to be gone NOW.

[democratisphere]

7. We aren't going to be able to pay for the taxcuts to the super rich either.

80% of US are already living paycheck to paycheck; we'll just add another $1.4 trillion or more to the national debt and let future generations come up with the magic of how to pay for it.

[Iliyah]

5. Wall money.

shithole caused a whole lot of pain, suffering, distrust, and hatefulness.

[McCamy Taylor]

8. The Republican Party's favorite sport has always been shooting itself in its own foot.

Looks like Trump is a true Republican.

[zentrum]

9. Not to mention...

.....that because we tax payers will be paying back pay for work not in fact performed by government employees, we are, in essence, paying twice for the same services. So that 6B is buying only 3B in services needed by us.

Trump's only genius is to bankrupt.

[Honeycombe8]

10. It was a lot more than that, I'm sure. We lost $25-32 billion during the short Cruz shutdown.

There are snowball effects, yet unknown.

[YOHABLO]

11. A Wall can not provide food, health care and housing for people. Paychecks can.

[Yo_Mama_Been_Loggin]

12. Way to go dotard!