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What Will A Shutdown Look Like?

Tyler Durden's picture




 

Unlike the unleashing of hell that so many politicians have bloviated on in the last few hours/days/weeks, Douglas Holtz-Eakin explains to Bloomberg TV's Trish Regan that in fact around 60% of the government will continue to tick along despite the "shutdown."

As Regan summarizes, "shutdown is an elaborate way of saying the government will be partially downsized temporarily..." to which Holtz-Eakin adds, "...and then re-upsized later." Sadly, while this will cost a modest amount, this will do nothing to stop the big mandatory spending programs and is simply bad governance.  

This brief interview will allow some to sleep at night knowing that when you awake in the brave new world of a US government shutdown, the sun will still rise and the kids still need to go to school... perhaps that explains the rally in stocks?

 

 

 

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Tue, 10/01/2013 - 08:47 | 4009271 Alpha Dog Food
Alpha Dog Food's picture

While you are waiting for government to re-open, amuse yourself with these short animations. I particularly liked 'Death Walks Behind You - Part 2'

http://www.youtube.com/user/mrjosephmorgan/videos

Tue, 10/01/2013 - 08:51 | 4009283 GetZeeGold
GetZeeGold's picture

 

 

I expect the boy President will have much to say about this when he wakes up this morning.

Tue, 10/01/2013 - 08:54 | 4009294 Enslavethechild...
EnslavethechildrenforBen's picture

Yeah right, as if the criminals were actually going to shut themselves down...

Tue, 10/01/2013 - 08:57 | 4009306 AlaricBalth
AlaricBalth's picture
What Will A Shutdown Look Like?

"...human sacrifice. Dogs and cats living together. Mass hysteria...."

http://www.youtube.com/watch?v=O3ZOKDmorj0

Biblical Proportions!!!

(.22 secs)

Tue, 10/01/2013 - 09:00 | 4009324 Joe Davola
Joe Davola's picture

If only.

Tue, 10/01/2013 - 09:04 | 4009338 GetZeeGold
GetZeeGold's picture

 

 

Who's in charge of taking John Boenher for that long ride in the countryside today?

Make sure he loses his cellphone while you're at it.

Tue, 10/01/2013 - 09:06 | 4009344 BeetleBailey
BeetleBailey's picture

Boner and OCuntus are tools - long known.

KEEP the fucker shut down. The cunts in Congress get theirs - fuckers.

Shut the whole fuckin Magilla down and keep it shut this time.

...fuckin assholes - the lot of them.

Tue, 10/01/2013 - 09:16 | 4009378 hangemhigh77
hangemhigh77's picture

The ONLY thing that will happen is the people will FINALLY realize we don't need this fuckin govt and the govt IS the fuckin problem.

Tue, 10/01/2013 - 09:52 | 4009521 WarriorClass
WarriorClass's picture

They will also realize that the RINOs will help Obama get everything he wants.

http://americandictators.blogspot.com/2013/10/despite-government-shut-do...

Tue, 10/01/2013 - 09:31 | 4009406 whirling tword ...
whirling tword freedom's picture

The problem is that the democrat/progressives control the messaging.

They name call and the media gets their cues.   They drill it in... over and over that the conservatives are rogue, out of control anarchists that are the entire problem.

Roll the stories on Vets. not getting PTSD care and any other thing they can think of.

Then the pussies cave in and the progressives get everything they want.... and because we have a stupid, uneducated public that doesn't keep informed, this is our system.

I only WISH the public would wake the fuck up and realize that we don't need all these extra programs and leave the fucker shut down....   No, I give the republicans about a week to cave in completely.

Tue, 10/01/2013 - 10:23 | 4009658 Oldwood
Oldwood's picture

Whether people can handle the truth or not is irrelevant, as they choose not to. How do people manage to find themselves hopelessly in debt? By ingoring reality. Little shit at first that seems completely harmless and then the little shit becomes depressing which feeds the impulse to ignore it. People realize it is fucked. Some rail against it demanding change that they know will never happen while others see the futility and decide to ignore the terminal diagnosis and go buy a new car. Of course there are those others who see things as they are but see advantage in perpetuating the disaster and seek to enable and support it. Humans suffer the same malady as all other creatures on the planet as most are only willing to see their future in very small increments, definitely not distant. The big difference in humans from most other creatures is we have the ability to see the future but refuse and use rationalizations to do so. Humans that acknowledge the future use it to prosper from everyone else's unwillingness to do so. We call them evil.

Tue, 10/01/2013 - 09:08 | 4009346 smlbizman
smlbizman's picture

were is my fucking panda cam......

Tue, 10/01/2013 - 09:02 | 4009327 TeamDepends
TeamDepends's picture

Dang it! We went to healthcare.gov to sign up for StalinCare and they are having tech problems.  Shoot!

Tue, 10/01/2013 - 09:19 | 4009385 Normalcy Bias
Normalcy Bias's picture

It's just a paid vacation for these fucks. Same as usual, only they don't have to 'show' at the office.

Tue, 10/01/2013 - 08:55 | 4009302 Zer0head
Zer0head's picture

from the same a-holes who yesterday were proclaiming the end of the world complete with countdown clock in the corner of the screen

 

now they back pedal

 

Trish, go back to CNBS and take most of your Bloomturds with you -

 

Tue, 10/01/2013 - 08:58 | 4009313 insanelysane
insanelysane's picture

I would say Bloomberg was still in over-hype mode this morning vs the crew at CNBC.  Sara Eisen kept repeating how dire the situation is as the graphics kept showing the futures green in double digits.

 

Like was said by many yesterday, shutdown means crap.  No one notices.  Until the EBT cards zero out and the monthly social security transfers stop, it really doesn't matter to anyone.

Tue, 10/01/2013 - 09:02 | 4009334 smlbizman
smlbizman's picture

cnbs already got their pineapple....now they r up 2 pineapples to none....lets go bloomy...

Tue, 10/01/2013 - 08:59 | 4009314 CaptainObvious
CaptainObvious's picture

I actually feel nauseous when I contemplate the pontificating that will spout from his blowhole today.  He's probably wetting himself with excitement at the thought of pointing the admonitory finger at Red Team some more today.

Tue, 10/01/2013 - 08:48 | 4009275 LetThemEatRand
LetThemEatRand's picture

Simple.  Everything that benefits the little guy, shut down.  Everything that government does that fucks the little guy and that government (especially federal government) should not be doing in the first place, up and running.

Tue, 10/01/2013 - 08:53 | 4009291 Spastica Rex
Spastica Rex's picture

Is Arne Duncan working today?

Tue, 10/01/2013 - 09:26 | 4009356 Normalcy Bias
Normalcy Bias's picture

Indoctrination is ESSENTIAL...

Tue, 10/01/2013 - 09:03 | 4009337 KidHorn
KidHorn's picture

NASA screws us all over with their mars rovers and space stations.

Tue, 10/01/2013 - 09:44 | 4009474 Everyman
Everyman's picture

Them non essential bastridges!

Tue, 10/01/2013 - 08:50 | 4009280 LawsofPhysics
LawsofPhysics's picture

With the government out of the way, something might actually get done.

Tue, 10/01/2013 - 08:50 | 4009282 Grande Tetons
Grande Tetons's picture

Well, Trish, can you please remove 60 percent of your clothing to give the viewer some sort of idea of what we are talking about? 

 

There you go...less is better, Trish. 

Tue, 10/01/2013 - 08:53 | 4009292 Sudden Debt
Sudden Debt's picture

There you go...less is better, Trish.

It's what woman say whenever they're married since year one.

Tue, 10/01/2013 - 08:51 | 4009284 Sudden Debt
Sudden Debt's picture

At least the economy now has a bit of time to recover for real...

Tue, 10/01/2013 - 08:50 | 4009287 Van Halen
Van Halen's picture

Last night, right at midnight, all the stairs in my house stopped working!

End this madness! Start the government back up NOW!!1!!

Tue, 10/01/2013 - 08:53 | 4009299 JSD
JSD's picture

Remarkably similar to our 'functioning' government.

Tue, 10/01/2013 - 08:55 | 4009300 blindman
blindman's picture

01 OCTOBER 2013
Chalmers Johnson: The Decline of Empire

Signs of Decay
Internal corruption
Imperial overreach
Inability to reform." .jca
.
http://jessescrossroadscafe.blogspot.com/

Tue, 10/01/2013 - 09:14 | 4009372 samsara
samsara's picture

Chalmers was a GREAT writer and researcher.   Great Stuff.  I would encourage everyone to watch his video.

Sorry we lost him.

Tue, 10/01/2013 - 08:57 | 4009310 Pig Circus
Pig Circus's picture

I've been awake for 3 hours since the government has shut down and am bored to death. I need a new "Crisis" to spark my interest. Maybe I'll go drive the Beltway since traffic will now be reduced 50% and I live in flyover country.

Tue, 10/01/2013 - 08:57 | 4009311 Clycntct
Clycntct's picture

It's good news to show the folks how fked up the Ex executive branch is.

New legislation to take all costs out of their pocket and no pay.  Time to fire the MFkers.

Kabuki that you didn't know you were going to the show.

Tue, 10/01/2013 - 09:00 | 4009316 NoDebt
NoDebt's picture

This was just for openers.  The debt ceiling debate is the real issue, as it was in 2011.  Maybe we get some real freak-out action on that, but I suspect they cave on that first and then cave on the budget shortly after.

 

Tue, 10/01/2013 - 09:07 | 4009343 SheepDog-One
SheepDog-One's picture

I guess in their sick twisted minds this is 'teaching us a lesson' or something...very insane times I'm just going flounder fishing today.

Tue, 10/01/2013 - 09:00 | 4009318 NoWayJose
NoWayJose's picture

Sixty percent is about all we can afford...

Tue, 10/01/2013 - 09:01 | 4009321 Peter K
Peter K's picture

ALL I SEE IS SAVINGS.:)

THE TAXPAYERS WILL NOT BE PAYING FOR NON-ESSENTIAL GOVERNMENT WORKERS FOR A FEW MONTHS.

WHERE IS THE PROBLEM IN THAT?

AS FOR THE NEGW, ALL I CAN SAY IS: GO OUT AND GET A REAL JOB. BITCHEZZZZZZZ :)

Tue, 10/01/2013 - 09:07 | 4009351 KidHorn
KidHorn's picture

Past shutdowns all resulted in increased spending. Not savings.

Tue, 10/01/2013 - 09:18 | 4009387 Peter K
Peter K's picture

UNTIL ONE DAY THEY WON'T. :)

PMA, BITCHEZZZZ.

Tue, 10/01/2013 - 09:09 | 4009352 CaptainObvious
CaptainObvious's picture

"Get a real job", heh heh. You're real optimistic, aren't you?  This is like asking a drug addict to walk away from the pusher offering free dime bags of crack.  The non-essential workers will sit on their asses at home and cross days off the calendar until they get their back pay, and then resume their non-essential jobs when the shutdown ends.

Tue, 10/01/2013 - 09:17 | 4009383 Peter K
Peter K's picture

"The non-essential workers will sit on their asses at home and cross days off the calendar until they get their back pay, and then resume their non-essential jobs when the shutdown ends."

SO HOW IS THAT DIFFERENCT THAN WHAT THEY DO NOW?

Tue, 10/01/2013 - 09:01 | 4009328 insanelysane
insanelysane's picture

This morning on a Boston radio station they said that the Freedom Trail is closed to tourists.  LMAO!!!  For those outside of Boston, the Freedom Trail is a line of red bricks in the side walks that go from Boston Common to Fanueil Hall Marketplace so unless they have gov employees out there blocking the side walk, the Freedom Trail is still free to walk.

Tue, 10/01/2013 - 09:13 | 4009371 CaptainObvious
CaptainObvious's picture

It's all MSM spin, my friend.  They have to make it look like shutting down is a baaaaad thing.  I bet I could hop in the car right now and drive right in to the nearest national forest.  They're betting that by advertising all the public facilities that will no longer be open that people will believe that they can't get in and start screaming abuse at Team Red. The sad thing is, they'll probably win that bet.

Tue, 10/01/2013 - 09:05 | 4009332 SheepDog-One
SheepDog-One's picture

People thought the centrally rigged 'markets' would actually react to some outside conditions? Insane.

Bernank, he GOT this shit yo! Better than Heisenberg on a batch of crystal blue.

Tue, 10/01/2013 - 09:06 | 4009341 Dr. Engali
Dr. Engali's picture

I woke up this morning and was SHOCKED...SHOCKED I say that the sun still came up and airplanes weren't tumbling from the skies.

Tue, 10/01/2013 - 09:08 | 4009350 4 wheel drift
4 wheel drift's picture

as we will see....   the narci-fascist-tyrant is full of bs....

too many morons in the USA....   who elected this monster

it's time to debunk the modern voodoo priests (aka economists)

who have supported poli-ticks to steal from ... we the people...

time for anarchy....  we need to try it...  to find out what's in it...  -lol

Tue, 10/01/2013 - 09:10 | 4009354 Zer0head
Tue, 10/01/2013 - 09:09 | 4009361 samsara
samsara's picture

.

"What Will A Shutdown Look Like?"

More importantly,  "What will a Sovereign Default Look Like"

Tue, 10/01/2013 - 09:36 | 4009362 NOZZLE
NOZZLE's picture

Federal courhouse in Chicago is open, business as usual and will remain open. http://www.ilnd.uscourts.gov/ 

Some  talkshow host should start reading the names of government loafers who were given the day off and along with their so called essential service they provide and their $100,000+ per year pay.

Tue, 10/01/2013 - 09:11 | 4009366 Dr. No
Dr. No's picture

Just curious, what is the burn rate during a shutdown?  Currently the gov borrows 32% of the money it spends.  Does the shut down drop the burn rate by 32%?  I suspect it is not that much and they still need to borrow, even during shut down.

Tue, 10/01/2013 - 09:13 | 4009367 mydogisprettier...
mydogisprettierthanyou's picture

Cuts totaling $1 trillion during the first year of a Paul Presidency would be achieved by eliminating five federal cabinet departments – the Departments of Energy, Housing and Urban Development, Commerce, Interior and Education. Cuts of this scale will also be accomplished by a Paul Presidency abolishing the Transportation Security Administration and returning responsibility for security to private property owners, abolishing corporate subsidies, stopping foreign aid, ending foreign wars, and returning most other spending to 2006 levels.

 

Ron paul spending plan

Tue, 10/01/2013 - 09:17 | 4009380 replaceme
replaceme's picture

Any side bets about back pay?  That's certainly on the tables.... You know the gov workers are already working out the unemployment paperwork, if that has not been done already. 

But, that's what government does, right?  Keep people busy, keeps the money flowing.  #Winning.

Tue, 10/01/2013 - 09:38 | 4009443 blindman
blindman's picture

Biblical Proportions
http://www.youtube.com/watch?v=O3ZOKDmorj0
.
"DOGS AND CATS LIVING TOGETHER, MASS HYSTERIA."

Tue, 10/01/2013 - 09:41 | 4009464 skins1
skins1's picture

Are the drones shut down?

 

Who is going to track my phone calls?

 

These are the critical questions that need to be answered!

Tue, 10/01/2013 - 09:42 | 4009468 Mad Mohel
Mad Mohel's picture

Smartest thing they could do is shut the whole fucking thing down. Federal, State, local all of it, then all the dogs will be begging them to come back and restore order. Don't know what you got till its gone.

Tue, 10/01/2013 - 10:08 | 4009517 smartstrike
smartstrike's picture

Douglas Holtz-Eakin, Bush's economic advisor and the roaring bubble mouth of pre crash 2008 CNBC, Trish Regan. They must as well ask Ahmadinejad how he feels about Israel?

So we have a partial government shutdown, but Social Security payments still go to its rightful owners--that's a problem right!

 

If they stop SS tomorrow, the government will simply increase interest payments and cut taxes levied on elites that they should be paying instead of clipping coupons. The $1Trillion that governments collects form payroll taxes will be given out to the elites--that's not very hard to understand, is it?

 

 

Tue, 10/01/2013 - 09:55 | 4009527 yogibear
yogibear's picture

The liberal mainstream media made it sound like the earth would stop spinning if there was a government shutdown.

Tue, 10/01/2013 - 12:04 | 4010121 jomama
jomama's picture

absolutely brilliant comment.  thanks for the valuable insight.

Tue, 10/01/2013 - 10:02 | 4009564 moneybots
moneybots's picture

" Sadly, while this will cost a modest amount, this will do nothing to stop the big mandatory spending programs and is simply bad governance. "

 

All we have is bad governance.

Tue, 10/01/2013 - 10:15 | 4009635 Burticus
Burticus's picture

Don't worry, the collapse of the FeRN will SHUT 'ER ALL THE WAY DOWN!

Tue, 10/01/2013 - 10:45 | 4009751 all-priced-in
all-priced-in's picture

If we didn't have bad governance we would have no governance at all.

 

Tue, 10/01/2013 - 11:15 | 4009896 deerhunter
deerhunter's picture

FBI agents representative from the union saying that since the sequester our poor FBI agents including him who retire after 20 years with lifetime pension and benefits have been rationing gasoline for their vehicles and unable to properly investigate gang activity.  Damn,  and all this time I thought it was the hot weather that got the natives killing each other every weekend in south and northwest Chicago.  We can fix this, for the children, everyone on here should donate five gallons of gas a month for our poor beleagured FBI agents.  My god, it is like the poor school teachers forced to buy pens and pencils for their students because 13K per student isnt enough to buy the little lads and lassies some number 2 pencils.  I think my brain might explode if I listen to any more of this shit.  Now,  back to work in the real world of sales with the FU's ,, no's,  maybes and I will get back to you.  I get paid exactly what I am worth.  Some days zero, some days,  none of your business.  Making out my check for the FBI gas donations in 3, 2, 1......... 

Tue, 10/01/2013 - 12:31 | 4010224 PR Guy
PR Guy's picture

I thought all you American chaps had guns.... can't you just go out and shoot whichever of these fuckers is in the wrong?

Tue, 10/01/2013 - 13:15 | 4010392 Keyser
Keyser's picture

Today's market action is proof that the system is out of whack. The US Federal government shuts down and equities markets are up while PM are down 3%. WTF, over!~!~!~!~!

 

 

Tue, 10/01/2013 - 14:27 | 4010753 OldE_Ant
OldE_Ant's picture

So this means payroll taxes won't be collected right.  I mean if government is shutdown there arn't any tax collectors to come a knock'n right?!

hahaha

Government shutdown?!  Keep it that way fuckers, clean slate this bitch so we the people can move on already.

Oh and all you people on the government tit, etc. might as well GET YER ASSES TO WORK FOR A CHANGE.

hahaha

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