Senate Majority Leader Mitch McConnell (R-Kentucky) last year promised that if he was re-elected to the U.S Senate and Republicans gained control of the upper chamber of Congress, there would be no government shutdown. Fast forward to almost a year after he made the promise and it is growing ever so likely that the government will indeed go into a shutdown because Congressional Republicans are incapable of voting on a budget without throwing in divisive social issues into the bill to keep the U.S government funding. This is not the first time the Republicans have took America hostage in an attempt to score political points. The 2013 government shutdown cost America dearly but sadly the only thing Republicans lost during this stunt was a possible pick-up in the Virginia gubernatorial election. With the red wave during the 2014 midterm, they are only more encouraged to do the wrong thing. 2013 shutdown was over Obamacare, this potential shutdown is over Planned Parenthood and edited videos from conservative extremist James O’Keefe, who has been busted before editing video to play to a false conservative narrative.
Flashback to the 2013 shutdown:
The 16-day government shutdown is over, but the country has taken at least a $24 billion hit along the way.
The financial ratings agency Standard & Poor’s said Wednesday the shutdown “to date has taken $24 billion out of the economy,” equaling $1.5 billion dollars a day and “shaved at least 0.6 percent off annualized fourth-quarter 2013 GDP growth.”
These estimates are for the overall economy, taking into account not just federal wages and productivity, but all the ripple effects and costs as well.
“The bottom line is the government shutdown has hurt the U.S. economy,” Standard & Poor’s said in a statement. “In September, we expected 3 percent annualized growth in the fourth quarter because we thought politicians would have learned from 2011 and taken steps to avoid things like a government shutdown and the possibility of a sovereign default. Since our forecast didn’t hold, we now have to lower our fourth-quarter growth estimate to closer to 2 percent.”
The U.S Travel Association also estimated that 450,000 Americans workers didn’t travel during the shutdown, a daily estimated loss of $152 million. The National Park Association estimated that they lost $76 million per day during the shutdown and D.C tourism took the biggest hit during the unneeded GOP caused shutdown.
The Washington Post looks ahead at the next possible government shutdown at the end of the month.
When Congress returned to work Sept. 8, it faced a nearly unprecedented number of deadlines and political dramas. The government needs to be funded by Sept. 30, but Congress is way behind in passing the series of spending bills necessary to pass a full budget. Instead, lawmakers will probably try to pass a short-term budget extension that basically keeps spending levels the same as last year and keeps the government open.
Even that’s going to be tough. Lawmakers on both sides of the aisle are using the budget process to push their ideological agendas on everything from abortion to military spending to international nuclear deals. And there’s a presidential campaign going on, complicating the decisions and actions of the five senators running for the White House. (And in the Senate, sometimes it only takes one.)
Those odds have only increased after Congress’s first week back. Here are four congressional budget analysts’ predictions on how likely it is that the government will shut down at least for a few days. We’ll start with the most conservative estimate — which is still “well over 50 percent.”