As is likely, given the destructive and radical position of House MAGA extremists, the Federal Government will shut down at midnight on September 30. The Republican / Trumpist / Neo-Fascist party is determined to shutter the Government not only to demand concessions from the Biden Administration, but to make the economy pay dearly, something that low-information voters will blame Biden for. To get the ball rolling, the extremists demanded an inquiry into impeaching Biden, despite having no evidence of wrongdoing after more than two years of "investigations." Now that weak Squeaker of the House Kevin "Qevin" McCarthy has buckled to their pressure, the shutdown is predicted to bring about serious economic dislocations:
"The most expensive government shutdown in history cost about $3 billion. That is what the Congressional Budget Office calculates was permanently taken out of the US economy during a 2019 standoff.
Now, with another shutdown looking increasingly likely to commence in just 13 days, the odds appear to be increasing daily that the price tag this time around could run even higher.
Between deeply entrenched sides — including House Republicans reportedly engaging in shouting matches behind closed doors and openly scoffing at the costs of a shutdown — as well as new risks posed by wary credit rating agencies, the coming shutdown could enter into uncharted fiscal territory, especially if a shutdown grows protracted.
The costs to the government and US economy grow with each passing day of shutdown and, while much of the held up money is belatedly spent when the government reopens, studies have documented that billions of dollars are likely to be lost permanently." (our emphasis)
From furloughing Federal workers at FEMA, the FDA and CDC, Homeland Security and many other agencies, to damaging the Federal Government's credit rating for its securities, another Republican-led shutdown will have damages beyond Washington, DC, where only a portion of the Federal budget is spent.
It's important that Dems significantly step up their efforts to inform the public that this is solely about the nihilism of the MAGA cult in the House, and that the pain that they and their country will feel can be placed at their doorstep. Time's running out.
