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Shutdown Hits Industries Nationwide (wsj.com)
The partial government shutdown is affecting a wide range of business and financial concerns nationwide. From a report: Shuttered government offices are stalling the approval of new loans, initial public offerings, the processing of tax documents, and the approval of new products such as prescription drugs, among other effects. While some programs are reopening on a temporary basis or providing workarounds for affected companies, most services won't return to normal until the government fully reopens and 800,000 federal workers sift through the backlog.
Here is a round up of the impact: The partial closure of the Securities and Exchange Commission is delaying the ability of companies to open the IPO market. Companies that were seeking to list shares in January are delaying plans since the regulator has stopped reviewing and approving new and pending corporate registration statements. Airlines expect to have sluggish revenue growth in the first quarter in part because of revenue lost from government travel cancellations. Delta Air Lines Inc. Chief Executive Ed Bastian, for instance, said the shutdown would cost his airline $25 million in lost revenue from government travel. The U.S. Food and Drug Administration has dramatically curtailed inspections of domestic facilities at food-processing companies during the shutdown, though unpaid inspectors have resumed work inspecting higher-risk products such as fresh fruits and vegetables, eggs, seafood and dairy products.
At the Internal Revenue Service, the shutdown has created delays in getting some employer identification numbers, holding up some routine business deals. Some small-business loans are also stuck in limbo. The Small Business Administration has stopped approving routine loans that the agency backs to ensure entrepreneurs have access to funds, halting their plans for expansion and repairs and forcing some owners to consider costlier sources of cash. The government process for reviewing proposed mergers has been slowed by the shutdown, but it is still operating. Businesses that have government contracts are feeling the strain across a variety of industries, including the building of highways and bridges.
Here is a round up of the impact: The partial closure of the Securities and Exchange Commission is delaying the ability of companies to open the IPO market. Companies that were seeking to list shares in January are delaying plans since the regulator has stopped reviewing and approving new and pending corporate registration statements. Airlines expect to have sluggish revenue growth in the first quarter in part because of revenue lost from government travel cancellations. Delta Air Lines Inc. Chief Executive Ed Bastian, for instance, said the shutdown would cost his airline $25 million in lost revenue from government travel. The U.S. Food and Drug Administration has dramatically curtailed inspections of domestic facilities at food-processing companies during the shutdown, though unpaid inspectors have resumed work inspecting higher-risk products such as fresh fruits and vegetables, eggs, seafood and dairy products.
At the Internal Revenue Service, the shutdown has created delays in getting some employer identification numbers, holding up some routine business deals. Some small-business loans are also stuck in limbo. The Small Business Administration has stopped approving routine loans that the agency backs to ensure entrepreneurs have access to funds, halting their plans for expansion and repairs and forcing some owners to consider costlier sources of cash. The government process for reviewing proposed mergers has been slowed by the shutdown, but it is still operating. Businesses that have government contracts are feeling the strain across a variety of industries, including the building of highways and bridges.
Trump derangement syndrome. Their hatred for him runs so deep that they're willing to do a complete 180 on border security just to stick it to him, the rest of us be damned.
A journey of a thousand miles begins with a single step. You don't get the debt under control by spending more on something with zero value.
"I say we write the $57 dollar check so the kids can have their milk money and you can put gas in the car."
So, do we do that again when president toddler decides he wants 2 walls?
Why is everything here getting so political? I read about this on every other news feeds, I don't need it here as well.
Then WHY did you click on this story and post a comment?
It's not like it wasn't readily apparent what this story was about and what the comments would look like.
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
Actually in the last couple of days Schumer and Pelosi have both said they won't work with Trump under ANY circumstances to open the government. Those 800,000 employees must be so important to them they won't even talk with the president about it.
At this point its the Schumer Shutdown Part 2.
FDA, Air Traffic Control, Parks Service, etc are all needed. But yet the media chooses to harp on the plight of the poor TSA smurfs. You know, the people who say "papers please" before you're boarding a flight in your own country and make you pass through a nudie-scanner or get your crotch groped by them. Yeah, yeah, they're "just doing their jobs." Guess what? If no one was willing to do the job, the job wouldn't be so obnoxious.
Keep everything else, but if TSA were all fired (but we kept real security measures like armed crew, air marshals, reinforced/locked flight deck doors, and a policy of non-cooperation with hijackers), and replaced with private security, it would be a net gain for freedom in the USA.
As it is, the TSA was mostly created as corporate welfare for airlines. It took security out of their hands, thus washed their hands of liability. Strict ID checks also make re-sale of tickets more difficult, thus protect airlines' revenue stream from change fees.
I think blame is starting to shift towards Democrats who, morally outraged at what they feel is a waste of $5BN (despite the number of blue collar jobs that money will create), rejected out-of-hand, the President's offer to re-open government... Their reasons:
- The wal! Is immoral, a waste of money
- They want gov't open BEFORE they will discuss border security, not simultaneously
- The proposed 3 year protections for TPS refugees (the T stands for Temporary, in case you didn't know) and DACA kids are too short
Implied, but not mentioned specifically in the proposal, is that all furloughed federal employees will get immediate back pay for work missed.
The Democrat position is going to crumble - POTUS will kick TPS and DACA out 3 years, or squarely into the first year of the next administration, and since Dems insist Trump won't be elected, what's their issue with fixing DACA and TPS in 2021?
Ultimately, the Democrat position is that 800,000 federal workers have gone a month without pay to prevent gov't from 'wasting' $5BN in infrastructure spending.
Trump should declare a crisis at the border, find the wall with defense department money, and then demand Democrats reopen gov't.
this massively impacts our lives. If this keeps up the economy will tank. Then we're gonna start seeing mass layoffs to boost stock prices.
Politics impact every aspect of your life. This is the "Stuff that matters" part of the tag line. There's a taboo on talking about them because our ruling class would like very much for you and me to leave all that icky government stuff up to them.
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The only thing I see listed in the summary that I care about might be food inspection. All the other stuff is big industry financial crap, boohoo. I still have electricity, internet (when did this become that important), and mail service. The stores and businesses are open. Police are on the job. Cities still have water and gas. Life goes on. When it starts to effect things like that then it might matter to the little guy.
generating a large list of people who should never be re-elected.
Politics in the US should be about what is best for the country, not some personal/political grudges or egregious self interest/self promotion.
If political parties have lost sight of that, voters should make their voices heard (loudly) If voters can't be bothered to fix this mess, they deserve their representation.
A journey of a thousand miles begins with a single step. You don't get the debt under control by spending more on something with zero value.
Ah.. So Democrats are now deficit hawks? Oh that's rich.. I seem to recall the ACA being pretty expensive over 10 years and nobody on that side of the isle batting an eyelash about it. In fact, the ACA was projected to cost $1 Trillion over 10 years and established a new entitlement that would continue to suck federal funds FOREVER at an ever increasing cost per year. Building a wall is a ONE TIME expense. After that, you just have to maintain it which is a fraction of the original cost. But a wall is now too expensive? Not to mention that that IF we actually build the wall, we can make the money we spend on patrolling and protecting the border more effective, effectively reducing future costs.
But we all know this isn't about the money. It never was about the money and arguing about it based on cost is not going to work out for those who oppose the wall.
IF you are all upset over Trump trying to come back to congress for more wall funding, fund the whole thing, ONCE. Just offer him $200 Billion for a physical barrier on the border with the stipulation that it won't be repeated. He will take the deal for sure and I'll bet ya that he actually builds a wall with the cash this time.
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
say we make it permanent and fire all furloughed workers. We might actually be able to balance the budge,
All government salaries combined account for around $200 billion. We could literally fire every single federal employee and we still wouldn't have even covered half the federal deficit ($779 billion last year).
Who's with me on this....
Nobody with a brain in their skull.
Trump is demanding for the one thing he has been publicly told he will not get. And he had two years to get it from GOP. If you think it's about money or the wall, you are completely missing the point. It's about who wears the pants. Trump deliberately set up the situation to show that he could demand whatever he wanted and get it. He expected Dems to just fold once he finished painting everyone in the corner and had no consideration on what to do in case Dems didn't fold. And now he has no idea on how to weasel out of the situation without folding himself.
Opening the government is easy.
Allow the spending plan that had previously pass both the House and Senate during a time with both sides were GOP controlled, that didn't have Wall spending.
He did say that before it happened, then he let it happened, so he is responsible.
Trump is hurting people and causing suffering, because he is having a fit, because the other areas of government doesn't want him to build a monument to causing suffering.
The wall has nothing to do with border security. The cost of the wall far exceeds its overall benefit. Most of the crime that comes from the border comes from the legal ports of entry.
Lets face it. If your goal is to be a criminal, and sell black market goods, your margins are rather slim, to risk your life wondering the desert or crossing tough mountains, or just having to traverse many miles to sell such goods. Just isn't worth it. You are better off risking a random check at the borders.
Our national border, is protected by the fact there are wide areas of no infrastructure, making crossing such border a difficult action.
The cost of such wall could be better used in different areas, including areas of border security which are better proven to work. The areas where there is a wall, isn't as much as a way to keep people out, but more to direct them to the legal ports of entry. Anyone can get over a wall. But if there is an easier option people will follow it.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
Meanwhile, in civilised countries, if a budget approval isn't given, the previous authorised budget is automatically continued until such time as a new budget is approved.
Nobody goes unpaid.
Government doesn't get shutdown.
Nobody has to implement emergency measures.
Everything carries on as it did before until someone can get changes approved and sign off on the new budget.
At no point does anything go any more unfunded/underfunded than it already was before the new budget was proposed.
It's almost like those other countries spotted what a stupid idea "shut down the government", including using it as blackmail, was many, many, many centuries ago and worked around it.
Save money by not changing the oil in your car. You may be able to get by expanding your change schedule, and perhaps missing a few change sessions. But if you go too long without change your oil. Your car will suffer more damage that is more expensive then those oil changes are.
What is happening now, is we are starting to show the value of these "non-critical" government employees. While we can get by for a little while with out them, over time things just getting worse.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
But why now? He had two years with a republican congress, why didnâ(TM)t he build the wall then? He had the entire time leading up to the senates passage of legislation to push for or stand up for the wall. The reason we are shut down is he changed his mind at the last minute. He could have negotiated for his wall without causing all this damage.
Nope.
Nothing stops the prez from signing a clean bill to reopen the government.
He is taking hostages to get what he wants. Working them with no pay.
A Good Troll is better than a Bad Human.
The United States Government does not negotiate with terrorists.
If the Democrats cave now, they will set a precedent that the government can be held hostage over whatever new boondoggle wants the next time.
This is about more than a wall or about reopening the government, it's about our government NOT using it's own citizens lives as bargaining chips.
Anytime you see someone asking for more power, or strongarming the government by holding money, jobs, people, etc, hostage, ask yourself one question:
"If was able to get away with this tactic, would I be happy?"
Regardless of your opinion on Donald Trump, hinging our entire government on a single issue is a tactic I do NOT want to see made common in the future. The Democrats need to hold firm, that way this doesn't become the new normal.
Well Trump claimed on national TV that he will own the shutdown. That was extremely stupid of him. Because of that the blame will go to him. Now don't expect any politician to actually care for who is getting hurt, they are all in to winning the next election.
Now Trump is getting all the blame. The house of representatives, who had a big win (Many along districts along the border, where the wall is to be built) for the democrats, because people wanted to fight Trumps evil motives. The democrats have the ability to make Trump and the GOP suffer.
Now that $57 on a 44k budget is a big deal. $44k isn't a lot to live on, and the $57 can go to useful things, like new clothing, healthier food, or just making this months rent.
Also to note, the Tax Cut last year which was suppose to super charge the economy, kinda failed to do such. The Ultra rich who benefited the most, just bought back stock. They didn't reinvest in their company to make them grow. Other companies lowered the amount of raises, because of the extra money people got from taxes. So now we have less money for services. So it is like this guy who made 44k use to make 45k last year, and still had all the expenses. so the $57 is even more painful.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
It doesn't matter why he said it, it matters that he said he'd take the blame for shutting down the government because holding his breath wasn't working.
Trump also didn't give the Democrats anything near what they wanted. He only promised to kick the DACA can down the road for 3 years, and this after he's trying to cancel the program outright. Last we hear, the Supreme Court was indicating it won't take the appeal from a lower court going against Trump. The Democrats want to make the DACAs citizens.
And building some goddamn Great White Wall while lying about how it will stop illegal immigration ignores the fact that most of the people crossing the southern border are coming the legal entry points and requesting asylum to escape the drug gangs who help fill America's illegal drug appetite. It also won't stop the drugs which don't come across barren stretches of border, they come though on the usual trade routes...that is the ones that are not manufactured by Americans.
What's that moron going to do, govern by fake National Emergency and threat budget bills because he got that morning and discovered a fly in his McMuffin? If the Congress doesn't want to fund the Great White Wall, then it shouldn't get funded. They have the power of the purse strings as provided by the Constitution.
The only reason he wants that wall is because he promised he'd get one. That promise was pitched to him by his campaign advisors who admitted they needed something simple he could understand and pitch. But Trump never just pitches anything. He decorates his pitch so much so that it cannot possibly do whatever the core underlying idea would have done. He just makes shit up because it crosses his mind while his mouth is open.
This right here is the problem with modern politics. People like you have given no real thought to what life was actually like 100+ years ago, and sit and criticize the foundations of the very institution that allows you to be a complacent armchair critic in the first place.
Without government, there's a good chance you wouldn't be literate.
Without government, we wouldn't have had the research dollars (or more importantly) the free speech protections that enable science and ultimately lead to things like the computer and network infrastructure that you are using to bitch and moan.
Without government, you would stand a very good chance of not being here in the first place, thanks to childhood mortality prior to sanitation mandates, food inspection, food stamps and vaccination requirements lowering childhood mortality from 300/1000 in the early 1900's to less than 1/1000 today.
Without government, there would be nothing to keep anybody who wanted to from taking all of your possessions, or enslaving you, or just killing you for entertainment.
Without government, companies can and will put things like radium in your beverage, they will put workers in harm's way to save a few bucks, and they will keep you busy 16 hours a day, 7 days a week so you don't have time to post ignorant rants on the internet in the first place.
Life was brutal and short prior to effective government. There are still plenty of places today that are governed weakly or not at all, and childhood mortality remains extremely high in these places.
The problem is, making big changes to life requires years or even generations - you don't build up an economy in a month, and you don't destroy it in a month. You don't produce a vibrant scientific community, or a skilled workforce, or a powerful military, or an innovative tech sector without serious patience and investment. But people like you swallow the GOP's bullshit line that "government IS the problem" without giving a moment's thought to the real sources of prosperity - those being stability, knowledge, trade, and liberty.
If you want to live in a place without a powerful, liberal government, go ahead - even in this day and age, there are plenty of countries like that available. But don't sabotage mine because you're too shortsighted to understand where your comfortable life comes from.
That's easy, because the Republicans don't want the wall either. I honestly can't remember, did the GOP ever even deliver him a budget to veto? I know they were getting shot down by the senate even before they made it to him. If GOP congress, with a GOP senate and a GOP president can't pass a budget, I fear this will be a very long shutdown.
I do wonder just how divided can things get before they just implode?
I am okay with the costs of the ACA. Because moving to a public healthcare system would be cheaper than the current corporate system.
The rest of the world has proven that to be true. Only in the backwards USA do Republican morons dispute what the rest of the world has figured out.
Trump derangement syndrome. Their hatred for him runs so deep that they're willing to do a complete 180 on border security just to stick it to him, the rest of us be damned.
If this was about border security then why didn’t the former governer of Texas, and US President for eight years ask for it?
Shit, the last two republican presidents were from Texas, the first Bush doubled down on the War on Drugs. Where was the stop everything and cut a check for all the wall I want back then? Clearly it wasn’t an emergency, and there’s nothing factual suggesting it is now. It’s plainly obvious that both parties are completely happy dolling out chunks of money for border security. The whole full wall funding now or else silver bullet bull shit isn’t fooling anyone but trumpkins.
This argument always makes me chuckle. Yes, let's make America as peaceful as the middle-east by duplicating the stupid decisions they make over there.
Once upon a time, the US allowed unlimited immigration, and the country prospered.
"Us" and "Them" are political constructs designed to divide and conquer.
I would never choose to reside in the apartheid hell that Israel has become, and if that abomination becomes a reality in the US, I will be leaving.
The wall has nothing to do with border security. The cost of the wall far exceeds its overall benefit. Most of the crime that comes from the border comes from the legal ports of entry.
The wall (actually the disconnected segments of barriers spread across the 2,000 mile southern border) will direct border crossers to legal ports of entry.
Lets face it. If your goal is to be a criminal, and sell black market goods, your margins are rather slim, to risk your life wondering the desert or crossing tough mountains, or just having to traverse many miles to sell such goods. Just isn't worth it. You are better off risking a random check at the borders.
You obviously don't understand the criminal mind - loading your pockets/car/truck with illegal goods and driving to a border control station isn't a smuggler's first choice. The reason smugglers funnel through legal ports of entry is because existing walls make cross desert travel much more dangerous, encouraging them to attempt to get past the border control agents.
Ken
Anyone who's dealt with a toddlers temper tantrum knows giving in the first time is a mistake.
Cheap storage VM.
I know that sounds harsh, so here's somebody way more articulate than I am to explain why the verbiage is appropriate.
Trump & the GOP are testing us. This isn't about the wall, this about ruling by fiat by continuously threatening the security and stability of the United States. We can't let that stand. If we do we become a defacto dictatorship.
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It amazes me the lengths that Trump apologists will go to vindicate their lord and saviour.
Trump has been full of shit on this wall since before he was even elected. First he said Mexico would pay for it. Then he said he would use tariffs to pressure Mexico to pay for the wall (showing that he doesn't understand how tariffs work...). Trump can't even properly justify why he needs almost $6bil to build this wall!
He had two years with house republicans to get that wall. But now that the Democrats have the house, NOW it's suddenly THEIR fault? Did the Democrats shut down the government? No, Trump did. Period. End of Story. The Democrats are not holding 800k lives in the balance. Trump is. Period. End of Story. Trump is basically acting like a terrorist, and the democrats are doing exactly what they should be doing and refusing to negotiate under duress.
But no, lets blame the Democrats because... because... if you don't blame the democrats then it's Trumps fault and you don't like that!
And if Trump does declare a national emergency? Part of me hopes that he won't be that breathtakingly stupid, but another part of me hopes he does, as it will cross the line and prove to the entire country what kind of a megalomaniac he is.
The "wall" is part of a border control system. Physical barriers must be surveilled and have human pickets available. The successful "walls" (built by Israel, Saudi, and Hungary) are monitored and patrolled. They don't just sit there awaiting circumvention or breaching.
Unfortunately the American public can't understand words longer than four letters so "wall" has taken over the discussion.
If "walls" don't work I must have hallucinated the Berlin Wall when I was stationed in West Germany. Those who want open borders should advocate suitable legislation.
https://www.nbcnews.com/news/w...
"This post is an artistic work of fiction and falsehood. Only a fool would take anything posted here as fact."
No barrier is perfectly effective. People break out of prisons on occasion - that doesn't discount the utility of prisons in general.
Seriously? You are comparing a wall that spans over 1000 miles and where the response time is measured in hours with a prison wall where 1 person can see from one side to the other, and that has guards with machine guns every couple hundred feet ready to open fire the second someone begins climbing?
As I've said previously on this topic, physical barriers only work when the delay they add is proportional to the response time, or when the barrier improves the response time. Out in the desert, even if you know the exact moment that someone breaches the border, the response time can be hours. Adding 5 or 10 minutes for someone to scale the wall is trivial. If you can track down and intercept someone who breached the border 1 hour 50 minutes ago, you can almost surely track down someone who breached the border 2 hours ago.
All of the things you mention are important.
Not a single one of them would be addressed by a wall.
OH really?
Again, that's obviously a false statement. How can I assert this? Because we ALREADY have walls for the very purposes I outline above. Take a look at El Paso and the crime ridden city of Juarez on the Mexico side of the river. We have a wall there because they work. Also, in case you haven't heard, the 5.7 Billion is for additional mileage and upgrades to the existing wall, not a completely walled border. This is about adding security by extending the walls we have further so they are harder to walk around.
But your argument makes the perfect the enemy of the good. You argue that because it's not perfect, it's not good enough to do. Well, nothing is perfect. The question is will the extended walls help? That is a resounding YES. Now if you are honest, you are really arguing that it's not worth the expense, but you obviously cannot say that because you will lose the debate on those grounds.
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101