Maybe the government needs to shut down once a year. The stock market is up 8 weeks in a row. 204,000 jobs were added. The feared economic losses never materialized. No, I did not and do not support the shutdown strategy. I just never believed it was the crisis the media made it to be. Now we are proven right and the chicken little wanna be forecasters were wrong. We have had what–17 of them in the last 40 years including a number when Carter and his fellow Democrats went toe to toe?
Why is this true? Sorry “progressives”, the government is not the economy. Money will just be spent elsewhere and not lost from the economy. The Forbes article linked here explains the economics of the situation well.
The debt ceiling was much more important and that was never really in doubt. Don’t fall for the political rhetoric about a side show; keep your eye on the ball. The real problems are the debt, the botched health care law, and misguided spending priorities.
My family is heavily in debt to the tune of $123,000 a person and so is yours. That is the per person share of the National Debt. Almost 600k for a family of four. We were told by Moody’s and S&P that the partial shutdown cost 24 billion, it appears that those estimates are wildly flawed. Less than 5 billion seems more accurate and that was recouped in the following weeks.
Why is the media giving so much attention to a few billion dollars of cost, at most, and not 17 trillion dollars which is creating such an overhang that it is keeping the economy stuck in first gear?
It is no secret that I thought the shutdown was a bad idea, but I reject the idea that people concerned about the big issues of the crushing debt are wacko’s or extremists. I reject the notion that people concerned about the problems with the Health Care law are nutjobs, wackos, extremists, anarchists, etc.
I think the ones being most irresponsible are the ones ignoring the problems.