The 'doomsday' scenario: Here's what happens if the shutdown drags on

[mystery-ak]

The 'doomsday' scenario: Here's what happens if the shutdown drags on
Economists warn that a catastrophe is in the making if the partial government closure continues for weeks or months.

Jan. 10, 2019, 3:46 AM CST / Updated Jan. 10, 2019, 7:36 AM CST
By Dareh Gregorian

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

The end isn't near — yet. But if the standoff persists — talks blew up at the White House on Wednesday — and Congress and President Donald Trump can't reach a deal on raising the debt ceiling in a few months, "it's game over — you'll have a pretty severe recession," Zandi said, adding that given the trade war with China, and Brexit looming, "you could start seeing some pretty dark scenarios" worldwide.

more
https://www.nbcnews.com/politics/politics-news/doomsday-scenario-here-s-what-happens-if-shutdown-drags-n955946

 

[TomSea]

I heard about those rural housing subsidies. I'm sorry if the people have to suffer.... I'm not for giving in. Perhaps, we will declare a National Emergency, I'd support it.  As said, every year, now more people die of fentanyl/heroin overdoses than died in the VN war.

[Slide Rule]

What are the negatives of a government shutdown of non essential functions?

Certainly there is at least one negative.

:)

[Wingnut]

   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

Looks like this will affect your average democrat type voter more than any other group.  They should be pissed at the Rat leaders for this.

[Weird Tolkienish Figure]

I won't be happy if this affects airport lines.

[ABX]

What will likely happen if no one else caves is Congress will pass a budget, the president will veto it, and Congress will over ride his veto. They won't get to the doomsday point described here.

[Fishrrman]

I can wait for my tax refund, and I don't care about the rest of 'em...

[verga]

We just sent 10 million to the middle east. How much have we sent to other counties to defend themselves?
Leave it shut down till the Dems cave eventually they will fold. They're the ones with everything to lose.

[Wingnut]

I can wait for my tax refund, and I don't care about the rest of 'em...

Since I don't use my withholding's as an interest  free loan to the government...me niether!

[ABX]

I can wait for my tax refund, and I don't care about the rest of 'em...

What is this thing called a 'refund'?  I think I'll be writing a $14K check this year (at least I earned interest by not over-paying the government) on top of my regular check withholding.