Shut Happens

Tyler Durden's picture




 

It's 12:01am, do you know where your government is?

  • *WHITE HOUSE BUDGET OFFICE DIRECTS AGENCIES TO BEGIN SHUTDOWN
  • *U.S. GOVERNMENT SHUTS DOWN FOR FIRST TIME IN 17 YEARS

S&P Futures are 1677, 10Y yield 2.65%, WTI $101.96, Gold $1329.00 - let's see where we open tomorrow...

 

 

 

Full Statement from The White House:

MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES

 

FROM: Sylvia M. Burwell, Director

 

SUBJECT: Update on Status of Operations

 

This memorandum follows the September 17,2013, Memorandum M-13-22, and provides an update on the potential lapse of appropriations.

 

Appropriations provided under the Consolidated and Further Continuing Appropriations Act, 2013 (P.L. 113-6) expire at 11:59 pm tonight. Unfortunately, we do not have a clear indication that Congress will act in time for the President to sign a Continuing Resolution before the end of the day tomorrow, October 1, 2013.

 

Therefore, agencies should now execute plans for an orderly shutdown due to the absence of appropriations. We urge Congress to act quickly to pass a Continuing Resolution to provide a short-term bridge that ensures sufficient time to pass a budget for the remainder of the fiscal year, and to restore the operation of critical public services and programs that will be impacted by a lapse in appropriations.

 

Agencies should continue to closely monitor developments, and OMB will provide further guidance as appropriate. We greatly appreciate your cooperation and the work you and your agencies do on behalf of the American people.

 

 

Now it's getting serious...

 

 

 

 

Via Russia Today,

Here is a handy list from Russia Today of the possible effects American citizens and the rest of the world could face now that the US Government has shutdown. The last government shutdown lasted 21 days, from December 1996 to January 1997, and cost the administration of US President Bill Clinton cost an estimated $2 billion, according to the White House’s Office of Management and Budget.

 1 Countdown to US default looms
  A halt of US government operations would drag the world’s biggest economy closer to bankruptcy, something unprecedented in US history. If no budget deal is done, the US would bump up against their “debt ceiling”  and run out of money by October 17. By then, the US government would have less than $30 billion cash on hand, Treasury Secretary Jacob Lew has calculated.

2 Hundreds of thousands of federal employees on furlough
  A one-time layoff of 800,000 people working for the US government would erode the earlier projected economic growth of 2.5 percent for the fourth quarter of 2013 by about 0.32 percentage points, according to a forecast by Mark Zandi, chief economist and co-founder of Moody's Analytics. That projection assumes a two-week shutdown. If it drags into a whole month, the loss of GDP would rise to 1.4 percentage points.

3 Troops’ paychecks stopped
  About 1.4 million military active-duty personnel would keep on working, but with their paychecks delayed. Approval for troops’ paychecks is dependent on Obama’s proposed 2014 federal budget being passed by Congress.

4 Women and children’s nutrition program threatened
 Pregnant women and new moms who are poor and facing “nutrition risk” won’t be able to buy healthy food, as a looming shutdown would put bracers on the $6 billion Special Supplemental Nutrition Program for Women Infants and Children (WIC).

5 $85 billion in cuts to federal programs
When a shutdown was last threatened in March 2013, it would have resulted in $85 billion in automatic cuts in spending on federal programs – many aimed at alleviating social hardship. The cuts, known as sequestration, would affect grants to local organizations and funds that keep those programs running.

6 Housing loans halted
US federal programs that provide for about 30 percent of all new loans in the housing market – a backbone of the country’s economy – will be shut down. Government funding of new businesses will also be halted, as well as workplace health and safety inspections.

7 Trade talks scuppered?
US plans to have a Pacific trade deal, the Trans Pacific Partnership, signed with the US’s Asian partners could stall, as Obama may decide not to travel to this weekend’s Bali, Indonesia meeting of the Asia-Pacific Economic Cooperation nations. While he could still go if no deal is done by then, it could be a gift for his Republican opponents if Obama was seen to be jetting off to a tropical paradise at a time when federal employees were sent home without pay.

 

8 Visa delays likely

Thousands of Americans may not be able to get passports for foreign travel, and tourists travelling to the US will likely face delays in visa processing. During the last government shutdown in 1996-97, some 20,000-30,000 applications remained unprocessed daily.

9 Space program on hold
  Space agency NASA will be hit the most, as the agency will need to furlough about 97 percent of its employees, though it will continue to keep workers at Mission Control in Houston and elsewhere to support the International Space Station, where the two NASA astronauts currently on board, Michael Hopkins and Karen Nyberg, may not know whether they have jobs to come back to.

10 National parks, museums and zoos would close to the public
State-funded museums, art galleries and zoos across the country would keep their doors closed Tuesday, leaving thousands of employees furloughed and visitors unable to see attractions. US national parks, from Yosemite to the Shenandoahs, as well as Washington’s National Mall, Lincoln Memorial and Constitution Gardens, would also be closed.

 

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Tue, 10/01/2013 - 00:01 | 4008436 Pool Shark
Pool Shark's picture

 

 

WOOOOOO HOOOOO!!!!

 

 

Tue, 10/01/2013 - 00:01 | 4008440 NemoDeNovo
NemoDeNovo's picture

Wake me when the Riots and shit begins m'kay

Tue, 10/01/2013 - 00:04 | 4008451 strannick
strannick's picture

Yes we cant!

The difference between shutting down the government, and a dollar collapse, is that when you shut down the government, you think you can open it up again, because you still think the dollar has value. 

Tue, 10/01/2013 - 00:05 | 4008474 Troll Magnet
Troll Magnet's picture

well, so long as zerohedge stays open, i'll be okay.

Tue, 10/01/2013 - 00:05 | 4008483 flacon
flacon's picture

TIME TO PAAAARTAY!

Tue, 10/01/2013 - 00:07 | 4008502 WayBehind
WayBehind's picture

They should shut it down for good ...

Tue, 10/01/2013 - 00:10 | 4008515 Xibalba
Xibalba's picture

What exactly got shut down?  

Tue, 10/01/2013 - 00:13 | 4008537 James_Cole
James_Cole's picture

All so ridiculous.

Tue, 10/01/2013 - 00:14 | 4008547 DoChenRollingBearing
DoChenRollingBearing's picture

I disagree, James.  A month-long shutdown would be a fabulous experiment, a great day for freedom.

Tue, 10/01/2013 - 00:16 | 4008558 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

The House should just send one spending Bill at a time to the Senate, first one (say) for funding the Nat'l Parks.  Then the House should send another.  Then another, then another, then another.

And never send over anything for Obamacare.

Tue, 10/01/2013 - 00:18 | 4008572 covsire
covsire's picture

Boner used all his braincells for this shutdown, I dont expect anything else intelligent from him for awhile.

Tue, 10/01/2013 - 00:23 | 4008597 The Devil
The Devil's picture

When the government is shut down...I run at the public pool, and they can't stop me.

Tue, 10/01/2013 - 00:32 | 4008625 TruthInSunshine
TruthInSunshine's picture

All part of The Great Kabuki Dance of the false left-right paradigm (aka the illusion that "voters" have any real choice in the Corpocracy that is the USSA).

IT'S ALL NOTHING MORE THAN HORRIBLY SCRIPTED DRAMA PLAYED BY THE. WORST. ACTORS. EVER.

Tue, 10/01/2013 - 00:39 | 4008644 McMolotov
McMolotov's picture

Still, I can't help but hear this in my head:

http://www.youtube.com/watch?v=jGs72rQVGic

Tue, 10/01/2013 - 00:45 | 4008668 Richard Chesler
Richard Chesler's picture

Fuck you Obama!

HaHAHAHAHAHAHAHAHA.....

 

Tue, 10/01/2013 - 01:18 | 4008743 strannick
strannick's picture

Obama tweeting its all the Repubs fault. Quelle Surpreeze

Tue, 10/01/2013 - 02:14 | 4008804 old naughty
old naughty's picture

sh't happens...

zoos and museums close,

we don't have to go there to see animals and relics, do we?

Tue, 10/01/2013 - 02:30 | 4008822 fourchan
fourchan's picture

who gives a shit shut it all down, its all owned by the banks and corporations anyway.

Tue, 10/01/2013 - 02:53 | 4008840 Squid-puppets a...
Squid-puppets a-go-go's picture

but you hafta marvel at the MSM who are happy to run with obama's narrative: i.e. that its the republicans who are irresponsible. So obama's mob can spend like there's no tomorrow, repubs put up a (however token) resistance, and its thems not the dems that are the irresponsible ones?

great aiding and abetting of the financial apocalypse, MSM

Tue, 10/01/2013 - 03:26 | 4008863 zhandax
zhandax's picture

Who wants to bet me that the last thing to actually cease operations is the golf course at Andrews?

Tue, 10/01/2013 - 03:45 | 4008873 gold-is-not-dead
gold-is-not-dead's picture

LONG golf clubs and balls!

Tue, 10/01/2013 - 05:53 | 4008928 prains
prains's picture

oil up the man boobs..... less chaffing when your're sitting around doing nuffhing

 

WTF's going on in the rest of the world anyway, Greece and Italy are going bonkers, ZH please don't go CNN on us and channel stuff every second of tomorrow with "Oh my Gawd". There's a whole big world of real pain out there.

Tue, 10/01/2013 - 06:17 | 4008951 GetZeeGold
GetZeeGold's picture

 

 

 

 

Every minute is a billion in savings.

 

 

Damn I feel rich!

Tue, 10/01/2013 - 06:53 | 4008971 lewy14
lewy14's picture

#STFD

Tue, 10/01/2013 - 01:29 | 4008759 Boris Alatovkrap
Boris Alatovkrap's picture

Fubama!

Tue, 10/01/2013 - 01:37 | 4008768 TruthInSunshine
TruthInSunshine's picture

In Russia, Putin wrestle black bear into submission while bare chested.

In USSA, bear skin rug wrestle Obama into submission after 1/2 a beer.

Tue, 10/01/2013 - 01:49 | 4008793 Skateboarder
Skateboarder's picture

TIS, you forgot the liquor counter for Putin. He would be past a fifth of vodka, easy.

Tue, 10/01/2013 - 05:15 | 4008917 NidStyles
NidStyles's picture

Pfft. that's how much he has with his cereal in the morning.

Tue, 10/01/2013 - 07:51 | 4009078 kralizec
kralizec's picture

I thought Reggie wrestled Obama into submission on the bear rug with no alcohol involved at all?

Tue, 10/01/2013 - 11:17 | 4009903 Boris Alatovkrap
Boris Alatovkrap's picture

Smart because mix alcohol with cocaine is very unadvise.

Tue, 10/01/2013 - 00:39 | 4008651 Squid-puppets a...
Squid-puppets a-go-go's picture

Actors can only do so much with a bad script

Tue, 10/01/2013 - 01:25 | 4008693 The Big Ching-aso
The Big Ching-aso's picture

As long as cold beer flows,

and football plays,

life ain't so bad,

in the Good Ol' U.S.A.*

 

*If however any of these stop for even a minute we're seriously in a bad way folks.   Keep an eye on those taps and flat-screens for signs the End Times Are Nigh.   Stay thirsty my friends.

Tue, 10/01/2013 - 01:15 | 4008735 palmereldritch
palmereldritch's picture

The Zombie Apocalypse will not be televised...unless the shutdown lasts more than a year

http://twitchy.com/2013/09/30/looming-government-shutdown-elicits-concer...

Tue, 10/01/2013 - 05:07 | 4008915 merizobeach
merizobeach's picture

"unless the shutdown lasts more than a year"

Sigh.  Dammit, I just want to see the USuckAss torn apart in a zombie apocalypse.  Is that too much to ask for?

Tue, 10/01/2013 - 00:56 | 4008692 JohnG
JohnG's picture

It's obvious.  The markets screamed

"meh"

Tue, 10/01/2013 - 04:54 | 4008908 indygo55
indygo55's picture

Exactly! As if they didn't know this was coming a week, month or year ago. If their paychecks were in jepordy this would never have happened. All a distraction. HOW ABOUT karen Hudes?

Tue, 10/01/2013 - 04:58 | 4008909 indygo55
Tue, 10/01/2013 - 06:49 | 4008966 nmewn
nmewn's picture

Fucking moonbats on parade:

A Wisconsin middle school has been forced to apologize after showing students a video produced after Barack Obama's 2008 election that included celebrities pledging to 'be a servant to the President.' 

http://www.dailymail.co.uk/news/article-2438440/School-forced-apologize-showing-students-Obama-campaign-video-includes-celebrities-pledging-servant-President.html#ixzz2gSvcQjo5

Tue, 10/01/2013 - 08:26 | 4009182 Pegasus Muse
Pegasus Muse's picture

Caution:  Working in Hollywood may cause terminal stupidity.

Tue, 10/01/2013 - 01:37 | 4008769 Freddie
Freddie's picture

I am not crazy about Boehner but you sound liek Obama & reid supporter. Nice. Idiot.

Tue, 10/01/2013 - 02:05 | 4008799 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

 

You know, Freddie, the R-Team has been so spineless and disappointing re freedom...  But, if there is any silver lining here, it would be that we can all see the ugly faces of Obama, Reid & Pelosi as they destroy our country.  

I wonder if it will now even make any difference now that the people can see what they elected.

We get the government we deserve.

Tue, 10/01/2013 - 03:23 | 4008858 MisterMousePotato
MisterMousePotato's picture

"We?"

No.

*I* get the government that *they* deserve.

Tue, 10/01/2013 - 06:17 | 4008949 KidHorn
KidHorn's picture

I don't like either party, but republican backers are about as dumb as mud. The pubs are refusing to fund something that was passed fair and square years ago and you somehow see that as standing up for freedom.

Tue, 10/01/2013 - 06:32 | 4008955 overmedicatedun...
overmedicatedundersexed's picture

kid, fair and square?? maybe you should define that as like passing it before we know whats in it? with 0 opposition votes -you know your fair and square would make any dictator proud.

Tue, 10/01/2013 - 04:04 | 4008882 DIgnified
DIgnified's picture

He's part and parcel to the problem.  That cunty fuck, Graham, Reid, McConnell, McCain, that Oklahoma turd... They all play the phony roll of "opposites".   There's only one party, the best shot at a real second party had only a few people in good positions. 

Tue, 10/01/2013 - 06:31 | 4008954 GetZeeGold
GetZeeGold's picture

 

 

Only thing I hate worse than progressive democrats....are progressive republicans.

Tue, 10/01/2013 - 00:43 | 4008573 dryam
dryam's picture

Shutdown?, my ass.

Stopping the money printing?, may ass.

Stopping the whole fucking charade?, may ass.

Why even talk about this crap?  Why not just say they are playing games like they always do and wait for them to proclaim some sort of victory as they pass a new debt ceiling?  They want people to have the sense of suspense.  Don't feed the beast.

Tue, 10/01/2013 - 00:47 | 4008672 ebworthen
ebworthen's picture

Same game, new day.

I keep hearing pundits say "When this happened in 1995 the Republicans got hurt for it come elections!".

Well...that was before the endless wars on "terror" protecting oil and poppy fields, and the bail outs of Wall Street, and the NSA spying in their own citizens, etc.

Not taking sides, but this time is different.

Can you smell it?

Tue, 10/01/2013 - 01:12 | 4008723 The Big Ching-aso
The Big Ching-aso's picture

Indeed, pull my finger.

Ok, I'm confused.      

What's worse, a government shutdown today, not raising the debt ceiling in 17 more days, or putting off all the problems until next year so we can have a longer government shutdown and raise an even bigger debt ceiling again?

Oh wait.  I think someone asked the exact same question during the last shutdown and they just got the answer today.

 

 

Tue, 10/01/2013 - 03:47 | 4008874 gold-is-not-dead
gold-is-not-dead's picture

perhaps the shutdown is the false flag...

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