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De Omnibus Dubitandum - Lux Veritas

Tuesday, October 1, 2013

7 myths about a federal government shutdown

By M.D. Kittle | Watchdog.org
MADISON – Again, the United States stands on the brink of another federal government shutdown as its two major parties play their recurring game of fiscal chicken.
There’s been a lot of rhetoric about just what a government shutdown would mean to the nation at large and the average citizen in particular. A prolonged shutdown, economists tell Watchdog.org, would have a deleterious impact on an economy struggling to recover. But most of the so-called government shutdowns in the past, when Congress and the president failed to come to terms on a budget or continuing resolution, lasted but a few days. As one economist put it, a brief stall would have the impact of a “snow day” in Washington, D.C.
So let’s cut through the heated rhetoric, starting with the notion of what a government shutdown is.....To Read More.....

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