Slashdot Mirror
Shutdown Cost the US Economy $24 Billion
Hugh Pickens DOT Com writes "Time Magazine reports that according to an estimate from Standard & Poor's, the government shutdown, which ended with a deal late Wednesday night after 16 days, took $24 billion out of the U.S. economy and reduced projected fourth-quarter GDP growth from 3 percent to 2.4 percent. The breakdown includes about $3.1 billion in lost government services, $152 million per day in lost travel spending, $76 million per day lost because of National Parks being shut down, and $217 million per day in lost federal and contractor wages in the Washington D.C. metropolitan area alone. Hundreds of thousands of federal workers bore the economic brunt of the shutdown but small businesses also suffered from frozen government contracts and stalled business loans. With the deal only guaranteeing government funding through January 15, the situation could grow worse. 'This is a real corrosion on the economy,' says Mark Zandi, chief economist for Moody's Analytics. 'If we have to go down a similar road in the near future, the costs are going to continue to add up.'"
Because doubling spending will fix the ecomony.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
How much will the Slashdot outage cost the economy?
What I want to know is how much it would have cost the US economy for the government to keep running during that period of time.
Support the EFF and Creative Commons. The war is coming, and they're supporting you...
...that it cost 24 billion to put up a bunch of paper signs, orange cones, and flimsy barricades.
That was the lowball estimate. The latest research I've seen is that Obamacare will cost the economy $500 trillion dollars over the next 5 years, will put about 467 million people out of work, and will require mandatory forced sterilizations of anyone who voted Republican or even *thought* about it.
>links to Daily Caller
>expects people to take him seriously
>mfw
And I am not sure that finding out you have high blood pressure, really does much in the long run except maybe prevent you from dying of a heart attack earlier.
Clearly that's something nobody should care about, I mean what... death? Peh! Hardly an inconvenience.
For large sets, this will be our guide even unto death, for the LORD will work for each type of data it is applied to...