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Old 02-26-2025, 12:37 PM   #10
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,434
In today’s episode of “Destroying the United States Government”:

The Trump administration sets the stage for large-scale federal worker layoffs in a new memo.
Wants to cut it to government shutdown levels, only “essential workers”.

Here’s what happened to the economy last time we had a shutdown, permanent would be exponentially worse
The Congressional Budget Office estimated that the 2018-2019 shutdown cost the U.S. economy $11 billion, mainly due to federal workers reducing their spending in response to lost pay. Notably, this decrease in spending may not rebound even after workers receive their back pay.

The 2018-2019 shutdown delayed over $2 billion in loans to small businesses since the SBA was unable to make new loans.
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