10 ways govt shutdown will hurt America
October 01, 2013
With the threat of a federal government shutdown hanging over the US economy, here is a handy list of the possible effects American citizens and the rest of the world could face if no deal is reached to continue funding.
In the most recent developments in a budget battle, the US Senate Democrats have rejected a proposal by the Republican-led House of Representatives to put off Obamacare for a year in return for temporary funding of the federal government beyond Monday.
Though adopting spending bills by Oct. 1, the start of the new fiscal year in the US, may seem a purely political issue, if Congress fails to approve funding for the federal government this would seriously affect the daily routine of ordinary US citizens, let alone up to 800,000 federal employees who would be sent home Tuesday without pay if the shutdown takes place.
The last government shutdown lasted 21 days, from December 1996 to January 1997, and cost the administration of US President Bill Clinton cost an estimated $2 billion, according to the White House’s Office of Management and Budget.
In remarks made by Obama Monday evening the President struck a defiant note on the healthcare law.
“An important part of the Affordable Care Act takes effect tomorrow, no matter what Congress decides to do today. The Affordable Care Act is moving forward. That funding is already in place. You can’t shut it down.”
In another pointed remark aimed at Republicans tying Obamacare to the government shutdown the President essentially accused lawmakers of political blackmail.
“You don’t get to extract a ransom for doing your job, for doing what you’re supposed to be doing anyway, or just because there’s a law there that you don’t like.”
1 Countdown to US default looms