Government shutdown to potentially cost millions
S E E D E D C O N T E N T
Nearly two weeks in and the partial government shutdown shows no signs of ending. This is the third shutdown of the government this year under President Trump – and the 21st since modern congressional budgeting began in 1976. That’s more than the previous three presidents had under their belts for their entire presidencies.
In 2013, a 16-day government shutdown was estimated to cost taxpayers roughly $2 billion in lost productivity, according to an Office of Management and Budget (OMB) report. An additional $500 million was lost in visitor spending to national parks.
There were other effects: the report stated that 120,000 fewer private-sector jobs were created due to the shutdown and “consumer and business confidence was badly damaged.”
The current government shutdown is no different — as we hit day 13, it’s clear it will cost American taxpayers millions.
Nearly two weeks in and the partial government shutdown shows no signs of ending. This is the third shutdown of the government this year under President Trump.
n 2013, a 16-day government shutdown was estimated to cost taxpayers roughly $2 billion in lost productivity, according to an Office of Management and Budget (OMB) report. An additional $500 million was lost in visitor spending to national parks.
There were other effects: the report stated that 120,000 fewer private-sector jobs were created due to the shutdown and “consumer and business confidence was badly damaged.”
The current government shutdown is no different — as we hit day 13, it’s clear it will cost American taxpayers millions.
Cha Ching.