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Jan 11 - heres what happens if bi-ch mconnell and trump dont end the shutdown


 
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 2 weeks ago '09        #1
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messy marv stan 5126 heat pts5126
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Jan 11 - heres what happens if bi-ch mconnell and trump dont end the shutdown
 

 
visit this link https://www.nbcnews.com/p .. -drags-n955946


Economists warn that a catastrophe is in the making if the partial government closure continues for weeks or months


The country would face an economic hellscape if the government shutdown lasts "months or even years," as the president has suggested it might, experts tell NBC News.

The doomsday scenario might be unlikely — the longest the federal government has ever shut down is 21 days, a record that will fall if the current closure lasts until Saturday — but it is chilling.

"We'll be in no man's land," Mark Zandi, chief economist at Moody's Analytics, told NBC News.



If the worst were to happen, experts say the devastating impact would be widespread:

38 million low-income Americans lose food stamps

6 million face an uncertain timetable for collecting tax refunds

2 million without rental a*sistance and facing possible eviction

800,000 paycheck-less federal employees plunged into dire financial straits

Shuttered parks and museums while overstressed airports cause tourism to tank

Federal court system slows to a crawl

Disaster relief money doesn't get to storm-ravaged areas

Lapsed FDA and EPA inspections lead to dangerous outbreaks

Private companies looking to go public are stuck in limbo

Stock market plummets

The end isn't near — yet. But if the standoff persists — talks blew up at the White House on Wednesday — and Congress and President Donald Trump can't reach a deal on raising the debt ceiling in a few months, "it's game over — you'll have a pretty severe recession," Zandi said, adding that given the trade war with China, and Brexit looming, "you could start seeing some pretty dark scenarios" worldwide.


WITHOUT FOOD, HOMES

By the end of February, the Supplemental Nutrition a*sistance Program, or SNAP, run by the Department of Agriculture, would be out of funding — meaning almost 40 million low-income Americans could find themselves struggling to pay for food, said Joseph Brusuelas, chief economist for the accounting firm RSM US.

The Department of Housing and Urban Development, meanwhile, has already seen 1,150 contracts with private landlords housing low-income tenants lapse. Another 500 will expire by the end of this month, and another 550 by the end of February, the agency says.

Funding for rental a*sistance for millions of tenants could be at risk as soon as next month.

"The near-term impact is people getting evicted, having their heat turned off and not having enough food," Brusuelas said

Drawn out over time, that could amount to a sizable hit on the GDP. Loss of the SNAP benefits could mean $60 billion less in direct spending in a year, and indirect spending of another $48 billion, which could shave a full percentage point off the country's economic growth, he explained.

Others might find themselves with less money in their pockets.

The IRS has said it won't be able to pay tax refunds during the shutdown, although the Office of Management and Budget said on Monday that it would. Less than 10,000 workers — about 12 percent of IRS staff — are working during the shutdown.

The agency is coming up with a plan to call back more employees, but they'll face an avalanche of backed-up work — by Feb. 2 of last year, the agency had already received over 18 million returns and processed 6.1 million refunds.

"The people who are waiting on those refunds could face some real consequences," said Michael Pearce, senior U.S. economist at Capital Economics


Then there are the 800,000 government employees who aren't getting paid during the shutdown — even though about half of them still have to work.

"Workers are going to to start walking out and find better paying jobs," Brusuelas said. If they don't, some will be in danger of not being able to pay their rents or mortgages and losing their homes — creating a drag on the economy.


TOURISM DEVASTATED

No-shows by airport workers — including TSA agents and air traffic controllers — would mean delays and canceled flights, hurting business dealings and tourism

Tourism would also continue to fall at national parks, a third of which were closed when the shutdown went into effect. Others were kept open — but, without staffing, human waste has piled up in bathrooms and along popular trails.

Some parks are planning to stay open by tapping into collection fees that were meant to be used for future park projects. Raiding those funds is unsustainable and will hamper future development plans, said Emily Douce, director of budget and appropriations for the National Parks Conservation a*sociation.

In the meantime, parks are losing the $400,000 in daily fees they typically collect — and neighboring communities aren't benefiting from the average $20 million a day that visitors spend there


PUBLIC IN DANGER

The Food and Drug Administration has already stopped most food inspections, raising the risk of salmonella, E. coli and listeria outbreaks.

"That puts our food supply at risk," said Sarah Sorscher, deputy director of regulatory affairs at the Center for Science in the Public Interest, a consumer advocacy group.

The Environmental Protection Agency, where only 700 of 13,000 employees are working during the shutdown, has scaled back inspections, with senior officials focusing only on properties where "the threat to human life or property is imminent."

Areas that have already been affected by hurricanes and storms are facing additional problems because of the shutdown, with emergency recovery funds reportedly tied up in bureaucratic red tape

It seems unimaginable, but if the impasse continues into October, more vital federal agencies would be forced to shut down, and new dangers would loom. Among the agencies that would turn their lights off is the Department of Health and Human Services and the Centers for Disease Control and Prevention.

A more immediate worry: The federal court system will run out of money by Jan. 18, and will have to cut back operations.
STOCK SHOCK

The longer the shutdown goes on, the more likely it is to affect the stock market, experts said.

Analysts had been looking forward to a string of valuable multibillion companies that were expected to go public early this year. But now, as many as 40 initial public offerings are backlogged because the Securities and Exchange Commission doesn't have the staff to review them.

"The market was waiting for this huge avalanche of IPOs," said John Coffee Jr., director of the Center on Corporate Governance at Columbia Law School. "All of this stuff is on hold. The market is fluctuating wildly, and this is going to remove a stimulus."

Even with no end to the shutdown in sight, Brusuelas predicted that public outrage will lead to one soon enough.

"Workers are going to start walking out," he said. "People will take to the streets."
+49   

279 comments for "Jan 11 - heres what happens if bi-ch mconnell and trump dont end the shutdown"

 2 weeks ago '05        #2
Ron Swanson 282 heat pts282
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The Food and Drug Administration has already stopped most food inspections, raising the risk of salmonella, E. coli and listeria outbreaks.

"That puts our food supply at risk," said Sarah Sorscher, deputy director of regulatory affairs at the Center for Science in the Public Interest, a consumer advocacy group.






are u fu*kin serious
+89   

 2 weeks ago '13        #3
mkhrt92 
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TSA Already not showing up. EBT not getting re-up'd. Just wait till yall not get your tax returns....yall gonna see the real meaning of their dream of MAGA...folks losing their minds, running wild in the streets and giving them every reason to legally open fire on yall a*s.
+86   

 2 weeks ago '16        #4
Freddy 
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But ayy we "winning" right?
+36   

 2 weeks ago '17        #5
dubsax 13 heat pts13
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Is this what a great America looks like?
+55   

 2 weeks ago '18        #6
IronicPessimist 2 heat pts
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isnt this trumps genius plan to instill martial law and put off the elections indefinitely thus giving him lifetime presidency?
+30   

 2 weeks ago '16        #7
Teknicks 1 heat pts
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 Freddy said
But ayy we "winning" right?
Let's run this bitkh off the cliff.. Fucc these racists they can go back to Europe. That's what all this is about. America is the last capitalist, English speaking country where White Supremacy is to invade your levels of government and business. Where can they move to?

They hate anyone who isn't white and hate white people who don't hate everyone they hate. Their parents lied to them and they will risk it all to have their world views validated.


Last edited by Teknicks; 01-12-2019 at 12:10 PM..
+61   

 2 weeks ago '16        #8
Birdmans Hands 4 heat pts
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I'm not a broke bum n*gga on foodstamps of living from handouts I don't give af abou a broke n*gga apocalypse

Hope ya'll starve
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 2 weeks ago '16        #9
Teknicks 1 heat pts
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 Birdmans Hands said
I'm not a broke bum n*gga on foodstamps of living from handouts I don't give af abou a broke n*gga apocalypse

Hope ya'll starve
Shyt if they starve what you think they gonna eat? And I hope you don't think you have enough firepower to keep yourself safe lol..
+90   

 2 weeks ago '07        #10
Deniro732 11 heat pts11
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Damn shame..this is what a fu*king idiot racist gets you
+16   

 2 weeks ago '18        #11
Youngshinebox 74 heat pts74
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This sounds like a win for the GOP. “Limited government”

On that note, wait until a n*gga carries a tub of infected lettuce from Cabo to Pennsylvania and contaminates two planes full of people. Then what?
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 2 weeks ago '16        #12
Barbarianbob 
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The revolution will not be televised .....
+16   

 2 weeks ago '15        #13
PineappleOG 36 heat pts36
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 Ron Swanson said
The Food and Drug Administration has already stopped most food inspections, raising the risk of salmonella, E. coli and listeria outbreaks.

"That puts our food supply at risk," said Sarah Sorscher, deputy director of regulatory affairs at the Center for Science in the Public Interest, a consumer advocacy group.






are u fu*kin serious
Posted a story on this a couple days ago and no one seemed to care, it’s alarming to say the least
+29   

 2 weeks ago '05        #14
~~S.L.I.M.~~ 3 heat pts
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Water is wet
+2   

 2 weeks ago '14        #15
Mutant Boy 137 heat pts137
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I love my avy.

Build the wall.
-64   

 2 weeks ago '06        #16
SharpenUrSword 8 heat pts
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 Mutant Boy said
I love my avy.

Build the wall.
are you looking at a pic of yourself right now?
+6   

 2 weeks ago '05        #17
GST 
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 Birdmans Hands said
I'm not a broke bum n*gga on foodstamps of living from handouts I don't give af abou a broke n*gga apocalypse

Hope ya'll starve
Careful how you dig a hole for someone else ....
+12   

 2 weeks ago '14        #18
Mutant Boy 137 heat pts137
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 Birdmans Hands said
I'm not a broke bum n*gga on foodstamps of living from handouts I don't give af abou a broke n*gga apocalypse

Hope ya'll starve
-4   

 2 weeks ago '18        #19
BlaqThum 
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So basically anarchy?
+3   

 2 weeks ago '07        #20
Silver Surfer 
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I got the whole fam in tow coming back next week on a transpacific with TSA threatening to quit and ATC not getting paid. I just want to get home safe and not an example of what happens when motherfu*kers in high value positions all stop getting paid.
+9   

 2 weeks ago '16        #21
Birdmans Hands 4 heat pts
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 Teknicks said
Shyt if they starve what you think they gonna eat? And I hope you don't think you have enough firepower to keep yourself safe lol..
Nothing, they'll come cry about it on the internet like they've been doing. Bum n*ggas never do sh*t about their situation which is why they're in bum n*gga situations.
-16   

 2 weeks ago '18        #22
niruggg 31 heat pts31
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no one cares until...
+8   

 2 weeks ago '05        #23
Gabriel 1 heat pts
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Basically the beginning of the most recent Purge movie
+13   

 2 weeks ago '13        #24
BrothaJoe 
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Im just gonna keep it 100 right now... this entire sh*t is a joke in between the shut down and the people crying about this sh*t..
[pic - click to view]

we can do this but whats 5 billion right? Im sick and tired of the news and radio everyday getting hammered about this and that the reality is we have been going down the wrong path for a long a*s time America been living off credit and its past generations for way to long dont matter democrat or republican involving itself into way to many god dam things.. we legit everywhere in the dam world got our nose up everyone's behind its disgusting yet we let our vets and less fortune live out on the street provide a sh*t a*s system of education and health.. i come to this forum and constantly see grown men crying about this sh*t i hope yall doing something in this world.. cause the world we live in and in my owns view its sad on so many fronts



Last edited by BrothaJoe; 01-12-2019 at 02:59 AM.. Reason: tryin to link image
+29   

 2 weeks ago '15        #25
Hellmatic 2 heat pts
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I wonder if Bitcoin would go near a thousand if this happens
+7   

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