Posted on 01/12/2019 4:28:38 PM PST by CincyRichieRich
The country would face an economic hellscape if the government shutdown lasts "months or even years," as the president has suggested it might, experts tell NBC News.
The doomsday scenario might be unlikely — the longest the federal government has ever shut down is 21 days, a record that will fall if the current closure lasts until Saturday — but it is chilling.
"We'll be in no man's land," Mark Zandi, chief economist at Moody's Analytics, told NBC News.
If the worst were to happen, experts say the devastating impact would be widespread:
38 million low-income Americans lose food stamps 6 million face an uncertain timetable for collecting tax refunds 2 million without rental assistance and facing possible eviction 800,000 paycheck-less federal employees plunged into dire financial straits Shuttered parks and museums while overstressed airports cause tourism to tank Federal court system slows to a crawl Disaster relief money doesn't get to storm-ravaged areas Lapsed FDA and EPA inspections lead to dangerous outbreaks Private companies looking to go public are stuck in limbo Stock market plummets
(Excerpt) Read more at nbcnews.com ...
And what is the common denominator in nearly all of those dire predictions?...government dependence! This should be a lesson to everyone to stop expecting the government to provide everything “for free.”
WE’RE ALL GONNA DIE!!!
Three weeks and people are getting along just fine without the federal government.
The shutdown isn’t the end of the world.
Only a fool expects a tax refund every year. just saying
If its so hugh manatee, why are the Democrats on vacation? C’mon now.
Maybe one of these days government workers will learn they shouldn’t line paycheck to paycheck.
Uh, i feel safer.
This is great news. If the American Tax payers called out sick for a year the Left would all jump off of buildings.
About 68% of filers will get a refund. President Trump already said they're coming. Steny Hoyer thought about fighting him on this and but has apparently considered that maybe the Democrats don't want to be the party that blocked everyone's refunds. Optics and all that.
One is amazed how much government we can do without.
“Only a fool expects a tax refund every year. just saying”
No fool here, but I thought I read in more places than one that tax refunds won’t be affected.
When fake news is hyperventilating, rest assured things aren’t as serious as they seem.
A tax refund means you gave the government an interest-free loan.
Remember what they told flyover, industrial America?
“These jobs are gone for good and will not be coming back.”
“There is no reason for these rural areas without the industrial base, so consider moving away to the cities where life is good.”
“Take advantage of the leisure and write poetry, paint a landscape, learn to weave and make pottery.”
“You now have time to spend with your family.”
“Remember: you didn’t build that.”
“It’s ‘funemployment’.”
The moral of the story is they should abide by the constitution. The federal government was never intended to be so large nor was it to be a welfare provider for poor people. Strip the government down and return all these unconstitutional undelegated functions to the states and the people. Oh, yeah, and dump the income tax.
So many of the incentives for illegal aliens to remain in the US will dry up.
A wise man sees his withholding so the year end balance is a s close to zero as possible.
Or you have a bunch of kids.
I nearly spit out my afternoon tea hearing that word! Hellscape. Sounds like a Grade B, no D, schlock film title.
Dear Lord in Heaven, these MSM types are such drama queens!
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