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What Are The Unintended Consequences Of A Government Shutdown?

Tyler Durden's picture




 

When it comes to the intended consequences of a goverment shutdown, they are rather simple: a shut down government (which to many is the best news possible). So what about the unintended consequences? Here is Bank of America with a quick summary of what would begin to happen at 12:01 am tonight, and continue for the duration of the shutdown.

What are the unintended consequences of a shutdown?

 

The shutdown will likely add to the budget deficit. It is costly to stop and start programs. The 1995-96 shutdown directly added $1.4 bn to the deficit (about $2.5 bn in today’s dollars) Moreover, the shock to growth will undercut tax revenues. In addition, ironically it does not impact the implementation of Obamacare since it is an entitlement similar to Medicare. However, there is some chance it could delay US economic data releases: in 1996, the December employment report was delayed two weeks as a result of the shutdown then. The Federal Reserve and the Post Office, both of which do not depend on Congressional appropriations, will not see any cutbacks due to a shutdown.

So for those asking if daily POMO will continue, the answer is a resounding "yes" - the government may be shut down but the wealth effect (to the 0.01%) will continue. Furthermore, it goes without saying that this is a very limited list, as nobody can truly predict what is unintended, or unpredictable (just ask money markets in the aftermath of the Lehman bankruptcy). For the full impact of intended consequences and otherwise, empirical observations will be the best gauge.

Finally, in terms of what is known about the shutdown's impact, here again is BofA, whose core observation, that "market pressure" (i.e. a selloff) will "hopefully spark an agreement" is 100% correct.

Should we have a shutdown, we would expect it would be relatively short — public uproar and market pressure will hopefully spark an agreement. A shutdown of a few days would likely have no real measurable effect upon the economy and result in only a small sell-off in the markets. Most of the federal government will keep running in the event of a shutdown, but a significant number of federal employees will be furloughed without pay, perhaps as many as one million. The impact on 4Q GDP growth should rise with the length of the shutdown: a coupleday shutdown would likely have zero net impact upon growth; a two-week shutdown could shave 0.5pp, while a one-month shutdown could lop 2pp from 4Q growth. These are, of course, rough estimates and subject to big standard errors.

 

The key source of uncertainty is the impact on consumer and business confidence. The revised GDP data showed very weak growth in 4Q 2012 and 1Q 2013 around the fiscal cliff negotiations, which in large part reflects heightened uncertainty. This time around, the hit to confidence and the markets could be larger still if a protracted shutdown signals the potential for an unmanaged process after the debt ceiling is breached. Lingering uncertainty — let alone a fiscal accident — would raise the chances that the Fed does not taper until next year.

And as is well known, we can't have any tampering with the New Normal prerogative #1: preserving confidence at all costs.

 

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Mon, 09/30/2013 - 12:26 | 4005791 Patriot Eke
Patriot Eke's picture

We have less of our property stolen?

Mon, 09/30/2013 - 12:28 | 4005802 ZippyBananaPants
ZippyBananaPants's picture

Who gives a rat's ass?

 

Tell us how we can make $$$$ like the big guys?

Mon, 09/30/2013 - 12:32 | 4005825 espirit
espirit's picture

Matrix meets the Idiocracy.

Mon, 09/30/2013 - 12:44 | 4005897 Enslavethechild...
EnslavethechildrenforBen's picture

Zippybananapants if you get on your knees and open your mouth...

Mon, 09/30/2013 - 12:47 | 4005906 Boris Alatovkrap
Boris Alatovkrap's picture

You are recommend to prayer?!... What god are you pray for money?

Mon, 09/30/2013 - 13:04 | 4005992 Enslavethechild...
EnslavethechildrenforBen's picture

I am recommend him perform oral on Bernanke for exchange with paper money.

Mon, 09/30/2013 - 13:33 | 4006171 ZippyBananaPants
ZippyBananaPants's picture

Is it not enough that we all have already taken it in the ass?

Mon, 09/30/2013 - 17:47 | 4007258 MisterMousePotato
MisterMousePotato's picture

I can tell you what the (maybe) unintended consequences of a one-year delay in Ovomitcare is, though:

The destruction wrought by this obamination will be postponed past the elections, which will benefit Democrats; and,

The Republicans will, as a quid pro quo, raise the debt ceiling (which IS the deal), which will benefit the Bad Guys. All of them.

Even when the GOP-e wins, they (we) lose.

Way to go!

USA. USA. USA.

Mon, 09/30/2013 - 13:12 | 4006049 SunRise
SunRise's picture

For Honest Money - to the God of Labor, since honest money is simply stored labor

For Dishonest Money (Fiat) - Satan

Mon, 09/30/2013 - 12:49 | 4005907 Thought Processor
Thought Processor's picture

 

Here's a question:

 

Does the United States Congress have the authority to STOP all FED operations?

My guess is no.

Anyone know the answer to that one?

 

Mon, 09/30/2013 - 12:53 | 4005937 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is think Congress is look sharp in expensive suit and make impressive speech from fine hard wood podium, but federal operation is control by executive branch.

... but what is Boris know?

Mon, 09/30/2013 - 17:36 | 4007219 Parrotile
Parrotile's picture

In view of the current "smoke & mirrors" mindset of the well-connected, that  "fine Hard Wood Podium" will probably be veneer on pine! "Worst case scenario" would be "printed paper coveing on MDF".

On the other hand, with the heaps of past evidence of the excesses and unjustified largesse common to our "Ruling Classes", an exceedingly fine hardwood (handcrafted from a single tree for grain fidelity) may well be the case; "Plenty for Us and Ours, not so much for the rest of you!"

 

Mon, 09/30/2013 - 13:01 | 4005966 Dr. No
Dr. No's picture

Of course they do.  Revoke the federal reserve act.

 

However, funding manned trip to Mars would pass easier.

Mon, 09/30/2013 - 15:48 | 4006753 Thought Processor
Thought Processor's picture

Right.  But what is to stop the FED from simply detatching itself from the US Gov. altogether?

The BIS already controls most of the central banks around the world.   Everyone knows they want a one world currency that their banks can use (SDR's anyone.......?).

See link:  http://www.bis.org/cbanks.htm

The banks that own the BIS already have the assets to back a one world currency.  So they can at any moment detach from the US let it sink in it's own debt (which they helped provide), and create a one world currency system that is based soley on banking assets.  Money that will also be energy backed (oil, Nat Gas, whatever) and will be required in order to purchase such energy (but enforced by what military????).

The USD must fall as the world's reserve currency before they'll be able to do this.  Special Drawing Rights will then be used for people of the Elite to do their banking and such with SDR's, enabling them to then exchange to any currency as needed.   

As soon as the USD unhinges as the Petro/Energy-Dollar the US will be left hanging (as everyone knows).  

Suadi Arabia is the king pin in all of this.  If they do not maintain hold over the swing producing player in both Oil and Nat Gas then they lose their pricing power and all bets are off.   Hence the push to secure all other pivotal energy states in the Middle East.   They have no choice if they want to maintain control of any Petro/Energy currency and the current world economic system.

In the end, perhaps the FED is irrelevent.   Once the BIS switches to whatever the new world reserve currency is then the FED essentially loses all of it's power.

Maybe why they are loading their books with real assets now.  Will be much better than worthless USD currency soon.  At least they'll have something post USD collapse.

Then the US military members will be paid how?   In USD's?   Hmmmm.  What would happen to the US led world police enforcement system then?

Perhaps if congress did in fact revoke the FED's operations they would only speed the transition to a new one world currency.   

 

Food for thought perhaps.

 

Mon, 09/30/2013 - 12:39 | 4005857 Boris Alatovkrap
Boris Alatovkrap's picture

Make money like "big guy" is require to be "big guy". Boris is recommend for reading pleasure, "The Prince" and "Art of War" by Niccolò Machiavelli.

Mon, 09/30/2013 - 14:25 | 4006398 bagehot99
bagehot99's picture

You can count on one hand the number of GOP leaders (lol, that's a funy word for mediocrities like Boehner), who have read The Prince, but perhaps a few have read Tzu's Art of War.

Mon, 09/30/2013 - 12:50 | 4005917 Sudden Debt
Sudden Debt's picture

you might!

HEY COPPERS!!!!
IF YOU WANT TO GET PAID THIS MONTH, YOU GO GET IT FROM THE LOCAL STORES CASH REGISTERS!!!

Mon, 09/30/2013 - 13:06 | 4006013 Enslavethechild...
EnslavethechildrenforBen's picture

They can all go work out in the fields like the rest of us.

Mon, 09/30/2013 - 17:44 | 4007252 Parrotile
Parrotile's picture

Cultural Revolution version 2??

Be very careful what you wish for - http://alphahistory.com/chineserevolution/historiography-of-the-cultural-revolution/ 40 Million deaths seems the consensus figure http://necrometrics.com/20c5m.htm#Mao 

Mon, 09/30/2013 - 12:32 | 4005808 slaughterer
slaughterer's picture

Turn off SNAPS and EBT, but do not stop QE and POMO.   Also, Fed can't taper without data, so taper delayed.  Throw in a little vol. for the shorts and Treasury bulls to get some relief.  Perfect.  1% needs gov. shut down.  

Mon, 09/30/2013 - 12:36 | 4005835 Tsar Pointless
Tsar Pointless's picture

Precisely. I up-voted you.

The ironic thing is, a large portion of the 99%-ers will cheer said shut down, even though they rely upon government for their every need, whether or not they realize it.

Mon, 09/30/2013 - 12:45 | 4005900 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is not down-arrow fellow ZHer, but vehemently is disagree. Top 1% is rely on compliant dependent 99%. Honest to truth is AmerCan or Russian, or Syrian, or Kenyan, or Chinese or whatever of national origin, human being is capable and is yearn for self sufficiency, self dependence, self determination. Dependency is smoke on reflective surface and illusion is disperse quickly when re-introduce reality of human condition to dependent citizenry. Banker, Militarist, Corporatist, and particular statist is horrified by arousal of citizenry to self-cognitive state.

99% is fear of shut-down, but 1% is fear of 99% realize shut-down is not so to be scary.

Mon, 09/30/2013 - 12:49 | 4005914 Enslavethechild...
EnslavethechildrenforBen's picture

Very well said.

Mon, 09/30/2013 - 17:52 | 4007267 Parrotile
Parrotile's picture

Wonder how many of those 99% have the resources to "survive" even a week without external services (power, water, food)??

At least 15% won't in the USA today. http://inplainsight.nbcnews.com/_news/2013/09/20/20457620-all-you-can-do-is-pray-what-poverty-in-america-really-looks-like?lite  

Mon, 09/30/2013 - 12:47 | 4005902 Enslavethechild...
EnslavethechildrenforBen's picture

Tsar - You're an idiot.

Mon, 09/30/2013 - 12:48 | 4005911 Boris Alatovkrap
Boris Alatovkrap's picture

You are be nice to idiot, is not fault.

Mon, 09/30/2013 - 12:52 | 4005935 prains
prains's picture

breast feeding to 17 years of age can have that effect

Mon, 09/30/2013 - 12:54 | 4005942 Boris Alatovkrap
Boris Alatovkrap's picture

So sad Amerika boy is prematurely to be ween.

Mon, 09/30/2013 - 13:00 | 4005955 prains
prains's picture

a warm bosom is hard to leave

 

the ones with an areolae moustache....not so much

Mon, 09/30/2013 - 13:09 | 4006032 Enslavethechild...
EnslavethechildrenforBen's picture

What is that I see... is that cum on your lip?

Mon, 09/30/2013 - 13:36 | 4006184 smartstrike
smartstrike's picture

None of the programs that you mentioned are administered by US Gov.

Mon, 09/30/2013 - 12:42 | 4005868 prains
prains's picture

The biggest unintended consequence will be that people realize the .gov is completely useless, things will run better without it, and want it to remain shut

Mon, 09/30/2013 - 12:27 | 4005796 kurzdump
kurzdump's picture

The most dangerous unintended consequence could be that people realize they are better off without it.

Mon, 09/30/2013 - 12:34 | 4005828 Tsar Pointless
Tsar Pointless's picture

If you honestly, truly believe that, you are seriously delusional.

I'd personally love to see the government shut down for a few months, if only to prove wrong these "rugged individualist" types. You know - fat, white, obese men living in the suburbs/exurbs, who rely upon others every waking day of their lives.

I count on government for services that I cannot myself supply, and so does each and every other human on this planet.

If you hate government and want to see it eliminated, aren't you in turn and by definition an anarchist? How is that any better?

Mon, 09/30/2013 - 12:40 | 4005862 insanelysane
insanelysane's picture

Are you on fucking crack?  The Federal government provides 0 benefit to actual tax payers.  My local gov provides clean water, sanitation, schools, protection, etc but the Fed fucking government, nothing.

Mon, 09/30/2013 - 12:49 | 4005920 prains
prains's picture

The ONLY thing the Federal nSSA provides with maximum efficiency is GUNS and butter to both sides of an unstable position. The guns for killin, the butter for reaming

Mon, 09/30/2013 - 13:03 | 4005940 Enslavethechild...
EnslavethechildrenforBen's picture

The Government is good at counterfeiting paper money, which they can use to buy your daughter for the night.

At $100 a night, Ben and Barack can afford millions of young women every day.

Is one of them your daughter?.

Mon, 09/30/2013 - 18:16 | 4007313 Parrotile
Parrotile's picture

Without your Federal Government there are a LOT of "invisible services" that you'll not be needing then??

National Weather Service - and e.g. NASA who have a respponnsibility for maintaining the infrastructure that you rely on for accurate and timely severe weather warnings;

Maintenance / replacement / upgrading of the GPS satellite constellation: Federal Government not Private responsibility;

FDA - or are you happy to "hope" that the "profit-led" Pharmaceutical suppliers decide not to counterfeit / excessively cut their actives in dosage forms? (bear in mind that antibiotics are the World No 1 counterfeit / severely substandard class of drugs . . .);

CDC - to let you know in advance that "there's a microbiological problem out there" - without Government (and International, i.e. WHO) action SARS could, and most probably WOULD have been a Pandemic event.

Be careful what you wish for. Privatised services are not necessarily better that Publicly funded ones (as thouse of who had experience of British Rail, then the "better" more costly / fragmented / less safer "private" system learned too well . . .)

Mon, 09/30/2013 - 12:41 | 4005866 Mark Urbo
Mark Urbo's picture

The Federal Govt is useless - period.  Any Fed Govt job is a taxpayer burden - nothing more...

Mon, 09/30/2013 - 12:42 | 4005878 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

I think you got lost somewhere, you were looking for www.huffingtonpost.com

Mon, 09/30/2013 - 12:46 | 4005887 kurzdump
kurzdump's picture

I know that the world as we know it would end quite a few weeks after .GOV is closed. Chaos COULD spread. Nuclear plants COULD go bust. Warlords COULD arise - and fall. Skyscrappers COULD be empty, cities COULD turn into dangerous (almost empty) places. Lots of people COULD die.

However, I would give it a try ... and probably die. Maybe things would turn out MUCH better. Humanity cant go on the same way it did for the last few centuries forever. There will be a collapse. No one can avoit it. Not even unsophisticated people like you, Tsar.

Mon, 09/30/2013 - 12:48 | 4005903 insanelysane
insanelysane's picture

For shits and giggles just imagine if the fucks in DC announced at a press conference this afternoon that the income tax rates would be cut in half.  How would the markets react?  Shut the fucker down.

Mon, 09/30/2013 - 12:52 | 4005932 smartstrike
smartstrike's picture

LOL. You are going to pay more tax to pay for all the top 5% getting all the benefits and not paying any tax.

Mon, 09/30/2013 - 12:55 | 4005948 Enslavethechild...
EnslavethechildrenforBen's picture

SHUT THE FUCKER DOWN!

Mon, 09/30/2013 - 13:50 | 4006242 aerojet
aerojet's picture

I think you misunderstand how our system is comprised--there isn't just one level of government.  State and local governments get a lot of federal handouts these days, but if the federal govt. imploded, the others could conceivably continue to operate.  The problem I see is that that government at all levels is running too damn hot, and *that's* the real risk here.  And it's the fault of the retirees and all the empty promises made to those retirees.  If we want to survive, we will stiff the retirees.  It's ugly, but there is no other way to resolve the dilemma.  Cut the benes and restore our system, or collapse the entire system. 

Mon, 09/30/2013 - 14:58 | 4006539 kurzdump
kurzdump's picture

Thanks for the clarification.

Mon, 09/30/2013 - 18:28 | 4007344 Parrotile
Parrotile's picture

If you are tentatively proposing "Death Panels", which you seem to be, will you be a willing volunteer?

Or, should people "work until they drop" - which also seems to be a popular idea on ZH. Popular, until YOU start getting older, and start getting less able through unavoidable "wear and tear".

The majority of the "Baby Boom" generation were saddled with compulsory retirement provision.They WILL be expecting their retirement to be at least as comfortable as that their parents are currently enjoying (the ones with the Big RVs plastered with "Spending our kids' inheritance" stickers).

The "Baby Boom" generation will also be THE biggest bloc voters - and we all know how amenable the Politicians of all stripes are to a spot of "voter pressure" . . .

So if you think they are "going to go quietly into the night" - think again, 'cause I can assure you that OUR BB Patients are VERY determined to excercise "Their Rights, Mate!" and get everything they are "entitled to" - and a good deal more. Where is the money coming from? "Not MY problem, Mate!"

Mon, 09/30/2013 - 12:48 | 4005905 X.inf.capt
X.inf.capt's picture

you do have a point...

at the V.A. hospital i see all kinds of vets griping about socialized medicine (obamacare), until i remind them that V.A. is the largest government run health care system IN THE WORLD! Pure socialized medicine. And if they dont like socialized medicine, then WHAT ARE YOU DOING HERE??? I see hear only pure hypocracy as answers....

Mon, 09/30/2013 - 13:03 | 4005990 LetThemEatRand
LetThemEatRand's picture

Not to harp on soldiers many of whom are well meaning, but it is ironic how many career guys in the military are ardent anti-socialists.  They don't seem to notice who issues their paychecks and who pays for their cool military toys, bases, healthcare, education in many instances, etc.

Mon, 09/30/2013 - 13:18 | 4006076 X.inf.capt
X.inf.capt's picture

you are right...

the military gets EVERYTHING from the government....food, shelter, medicine, EVERYTHING! pure socialism...

Mon, 09/30/2013 - 13:24 | 4006085 prains
prains's picture

hypocrisy is easy......

 

thinking for oneself not so much......takes the ability to make mistakes and the willingness to admit them and learn from them to gain the ability of real insight. 

 

The military is the biggest economic drag on mankind ever created and is 100% socialized, the ULTIMATE PINKO's

can you think of a bigger misallocation of taxpayer dollars???? 

Mon, 09/30/2013 - 13:51 | 4006243 aerojet
aerojet's picture

The military is a massive socialist system that lives within the outer capitalist one, but it is killing its host.

Mon, 09/30/2013 - 18:05 | 4007296 Greenskeeper_Carl
Greenskeeper_Carl's picture

We are well aware of who issues our paychecks. The problem with today's military is that it is far too big due to us attempting to be the worlds police. The military isn't what is starving the host. It is the MIC and politicians that keep sending the military all over the world for pointless illegal wars. If the military was shrunk to the point needed to " provide of the common defense" there wouldn't be any of these problems. Most military people are very anti-socialist but military personnel are a drop in the bucket when compared to the rest of the fed gov and state employees. It's funny and depressing being the only person around that seems to care about wasting money too. If you ask if something is really necessary or a wise use of tax payer money, you get looked at like you have an arm growing out of your forehead. It's quite lonely being that guy. So much waste

Mon, 09/30/2013 - 20:32 | 4007755 X.inf.capt
X.inf.capt's picture

carl

+1

 

Mon, 09/30/2013 - 13:15 | 4006060 aardvarkk
aardvarkk's picture

Wow.  A post that manages to be insulting, stupid, racist, sexist, weight-ist and attempts (and fails) to disparage people based on where they live while making assertions with no backing evidence, admitting they suck on the government teat and are unable to survive without someone to take care of them, asserting that all others are as weak as and ridiculous as they are and posing a rhetorical question masquerading as a non-rhetorical question.  And all in 6 lines.  That takes skill.

Mon, 09/30/2013 - 13:24 | 4006104 Uncle Remus
Uncle Remus's picture

Welcome to Fight Club.

Mon, 09/30/2013 - 13:38 | 4006197 XitSam
XitSam's picture

You assume that with anarchy (no government) comes anarchy (chaos). A faulty assumption. 

Mon, 09/30/2013 - 18:26 | 4007334 Lednbrass
Lednbrass's picture

As you seriously so fucking stupid that you think all government in the US is the Federal government?  Are you completely unaware that state and local governments are quite operational with or without Uncle Sugar?

Just how many overlords do you effete metrosexual twerps need to feel safe?

Mon, 09/30/2013 - 12:57 | 4005953 youngman
youngman's picture

my bet is that most people will not even know it is shut down.....if will not affect anyone very much.....

Mon, 09/30/2013 - 13:54 | 4006258 aerojet
aerojet's picture

If we could go about our lives, that would be one thing, but if you need a passport and can't get one, and the idiotic rules are still in place, well, that's the problem.  If they would just drop some of the rules, we would all be just fine.

Look at how much state government there is just to enforce revenue generation--car registrations don't make cars work any better.  Some states have car inspections, mine doesn't, there is no difference in accidents or problems with cars between states with inspection systems and states without.  People worry about health inspectors and safety inspectors, and on and on, but how much of it do we really need and how much is make work?

I'd prefer the jails stayed running, I just wish they wouldn't lock up so many drug offenders.  Actually, I have mixed feelings on that, too.  We need to maintain order somehow, but there are levels of acceptable order.

Mon, 09/30/2013 - 12:26 | 4005797 Shizzmoney
Shizzmoney's picture

I hope it brings the market down in a ball of flames....but I'll probably be dissapointed

Mon, 09/30/2013 - 12:35 | 4005837 FairFight
FairFight's picture

What would that accomplish, really?  Besides the chance to actually barter with our metal and use those coveted supplies that are quickly declining in expiration...

Mon, 09/30/2013 - 12:59 | 4005957 earnyermoney
earnyermoney's picture

fascist bootlickers jumping to their death?

Mon, 09/30/2013 - 12:49 | 4005820 Mercury
Mercury's picture
What Are The Unintended Consequences Of A Government Shutdown?

 

A creeping then epidemic realization and awareness that most of our current government is mostly useless and counter-productive.

 

...a significant number of federal employees will be furloughed without pay, perhaps as many as one million. 

Who told you that - Joe Biden? Worst case scenario (for them) is they get paid up retro-actively when the inevitable stop-gap/ceiling raise passes - which amounts to leave of absence with pay.

Mon, 09/30/2013 - 12:36 | 4005847 DaveA
DaveA's picture

With the park rangers on furlough, it might be a good time to sneak into a national park and score some free meat.

Mon, 09/30/2013 - 12:48 | 4005912 insanelysane
insanelysane's picture

Long stolen pic-a-nic baskets on eBay by seller Y. Bear.

Mon, 09/30/2013 - 12:38 | 4005850 The Gooch
The Gooch's picture

"The Federal Reserve and the Post Office, both of which do not depend on Congressional appropriations, will not see any cutbacks due to a shutdown"

It's a PRIVATE FUCKING BANK, NO?

Mon, 09/30/2013 - 13:16 | 4006070 Enslavethechild...
EnslavethechildrenforBen's picture

They can both print themselves money for free at any time.

Mon, 09/30/2013 - 12:37 | 4005851 aleph0
aleph0's picture

 

You ask : What Are The Unintended Consequences Of A Government Shutdown?

 

Immediate ECONOMIC RECOVERY ?

Mon, 09/30/2013 - 12:41 | 4005872 Mark Urbo
Mark Urbo's picture

Winner !!!

Mon, 09/30/2013 - 12:42 | 4005876 Enslavethechild...
EnslavethechildrenforBen's picture

BINGO!

Mon, 09/30/2013 - 12:44 | 4005884 insanelysane
insanelysane's picture

Immediate prosperity for taxpayers.

Mon, 09/30/2013 - 12:42 | 4005873 wisehiney
wisehiney's picture

A long, long line at the liquor store?

Mon, 09/30/2013 - 12:45 | 4005896 Sudden Debt
Sudden Debt's picture

and yet.. NASA... a private company... is shut down...
THERE GOES THAT MOONBASE DREAM!

Mon, 09/30/2013 - 12:48 | 4005908 Sudden Debt
Sudden Debt's picture

public uproar....

GOD!!!! WHY IS THE HIGHWAYPATROL NOT HERE TO GIVE ME A SPEEDING TICKET!!!

WHY IS THE NSA NOT READING MY MAILS?!?!?!

WHY GOD WHY?!?!?

Mon, 09/30/2013 - 13:43 | 4006222 aerojet
aerojet's picture

Highway patrol is a state level operation, nothing to do with fed.gov.

Mon, 09/30/2013 - 18:36 | 4007354 Uncle Remus
Uncle Remus's picture

yet...

Mon, 09/30/2013 - 18:44 | 4007369 Parrotile
Parrotile's picture

So you'll still get that speeding ticket!!

Mon, 09/30/2013 - 12:50 | 4005910 smartstrike
smartstrike's picture

Wait until Democrats use the seam tactic: 'my way or the highway'. It will be hell to pay! I know I am from South Florida and remember when whites and blacks united and blocked Cubans. It worked ONCE, the Cubans became so organized and united that they even bother with non-Hispanic voters anymore.

 

Mon, 09/30/2013 - 13:45 | 4006228 aerojet
aerojet's picture

The only hope I have is that these domination centers cancel each other out. 

Mon, 09/30/2013 - 12:51 | 4005922 krispkritter
krispkritter's picture

The consquences of keeping .Gov in existence is much more harmful than not IMO:

http://www.weather.com/news/science/environment/new-flood-insurance-rules-bring-chaos-heartache-coastal-homeowners-20130927

Thanks Queen Maxine(ya cunt). 

 

 

Mon, 09/30/2013 - 12:50 | 4005927 explainstuff
explainstuff's picture

Does not matter what the consequence is if there are any.... The markets will close Green today :)

Mon, 09/30/2013 - 12:54 | 4005938 B2u
B2u's picture

Fuck you B of A, enjoy your free money and bonuses while the middle class disappears.

Mon, 09/30/2013 - 12:56 | 4005949 insanelysane
insanelysane's picture

The gov running the trains will soon be running health care.  What could go wrong?

http://www.cnn.com/2013/09/30/us/chicago-train-crash/index.html?hpt=hp_t2

Mon, 09/30/2013 - 12:55 | 4005954 smartstrike
smartstrike's picture

The FED announced that it'll redirect QE from purchases of MBS and Treasuries and buy all the Soccial Security IOUs. Social Security reciepients can expect 30% boost to their benfits as the FED will pay mark to cost price.

Mon, 09/30/2013 - 12:59 | 4005960 Atlantis Consigliore
Atlantis Consigliore's picture

Banks will lend to the Yakuza,  just like japanonomics;

no doc, sukiyaki, no income loans for reeeel estate,  rehiring hookers off city streets to sell, pimp. RE.  its after all, an investment

Mon, 09/30/2013 - 13:05 | 4005981 Himins
Himins's picture

Confidence in our government, once adjusted for inflation, creates a hockey stick graph that is performing woefully in the wrong direction.


Mon, 09/30/2013 - 13:08 | 4006025 lolmao500
lolmao500's picture

The good consequence : the terrorists at the BATF are shutdown.

Mon, 09/30/2013 - 13:42 | 4006219 aerojet
aerojet's picture

Where did you read that?  Law enforcement and domestic spying will no doubt continue.  The only thing ATF won't be doing is background checks on gun purchases, which is a de facto gun ban since all checks have to be started and then if the ATF doesn't respond, the dealer can transfer the gun anyways, but since the check cannot even start, the dealer's hands are tied.  Also, FFL dealers are constantly in fear of having their ticket pulled, so they're not going to rock the boat.

Mon, 09/30/2013 - 13:15 | 4006068 Old_Dog
Old_Dog's picture

The article states:  In addition, ironically it does not impact the implementation of Obamacare since it is an entitlement similar to Medicare.

I thought it was a tax.

Which is it?

Or is it both?

 

I lved through other government "shutdowns" in the past.  No big deal. 

Mon, 09/30/2013 - 13:26 | 4006130 smartstrike
smartstrike's picture

Which is it?

Figure out the author's agenda and you'll get your answer.

Mon, 09/30/2013 - 13:40 | 4006211 aerojet
aerojet's picture

Meh.

How much $ is the US blowing through by having troops in Afghanistan for so long?

Mon, 09/30/2013 - 13:52 | 4006250 sbenard
sbenard's picture

"The shutdown will likely add to the budget deficit. It is costly to stop and start programs."

Then just STOP them and NEVER restart them! We'll manage!

Mon, 09/30/2013 - 14:19 | 4006362 Lord Koos
Lord Koos's picture

And neither will the turds in congress see their paychecks interrupted.

Mon, 09/30/2013 - 14:41 | 4006432 bluskyes
bluskyes's picture

But will it drop Amerika's credit rating?

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