The Truth Of The Matter
The truth still matters. Even the act of blaming others cannot hide what is true. Here is one truth that we hold to be self-evident: Shutting down the government is not beneficial for anyone!
What are the economic risks of a federal government shutdown?
- Income is at risk for federal government workers. Exempted workers — those whose jobs involve the safety of human life, the protection of property, or certain other types of work designated by their agencies as necessary to continue – are expected to continue reporting to work, but will not be paid until the shutdown is over. Non-exempted workers go on unpaid furlough, with a possibility, but no guarantee of retroactive pay.
- When workers are not paid, they don’t spend – thereby negatively impacting retail sales.
- When government services are shut down and revenue does not flow – i.e. from national park visitors; or, no federal mortgage loan processing – the respective economic indicators that feed into the country’s picture of economic growth take a negative hit.
- The world is watching. The longer the shutdown, the greater the cumulative economic damage. The US needs to remain attractive to foreign investors.
Also true: The President, members of Congress, and most political appointees are not subject to furlough and continue to be paid.
“…let us not love with words or speech, but with actions and in truth.” 1 John 3:18
In all you do, B. Lifted…