The government shutdown has likely cost the the government and the United States economy billions of dollars. Estimates are based on complicated formulas and also consider past economic behaviors.Some of the estimates are;
- $24 billion in lost economic output
- $2.1 billion in government costs
- $450,000 a day in revenue at National Parks
- $2.4 billion in lost travel spending
The next couple months are crucial for Congress. The deal that was signed on Thursday only extends funding through January 15th (that's my cousin's birthday) and the debt limit until February 7th. If Congress can't agree come to a more permanent conclusion before then we will be facing another governemnt shutdown.
It is not good to hear that the shutdown cost us so much money. We need to make sure that the shutdown doesn't happen again. Losing money over something that really can be avoided is bad.
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