that seems… cheap?
$7 bil is the low estimate for irrecoverable economic damage once government reopens and things are funded again. The longer it goes the worse the permanent impact, but the CBO claims that reopening will restore working order for the most part.
Yeah this is the right answer.
A lot of the damage is actually recovered as soon as people get their money. People paying rent and bills they’ve taken out short-term loans for will all recover basically overnight. The estimate is for what everything that won’t.
Yeah I’d expect it to be like, 10-100 times that
like 7k per worker, if they continue to work for free, might make some sense tbh, but i would have thought not working government services also do some stuff, like snap benefits would fuck a lot of people and economy
SNAP hasn’t failed to pay out yet, I think it’s November 1st. And it’s never not paid out before afaik, so we’ll see what happens
i mean i would have assumed that office of budget projections would project such an outcome
money fake for government but not fake to people on food stamps so like suffer ig
So the Republicans (who control every branch of government) can re-open/re-fund the government at basically any time that they want, right? Could someone please explain to me why the fuck they continue to do this?
So they can blame the Democrats in campaign ads for 2026
The Republicans do control every branch, but cannot reopen the govt on their own.
In the US Senate, technically, you only need a simple majority (50 plus the VP) to pass something. The issue is around something called cloture, which is ending debate on a bill that is introduced. That takes 60 votes. If you try to push a bill through that can’t pass cloture, the opposing party can simply refuse to vote for cloture and the bill will never be able to be voted on.
The Republicans need to pass a bill to fund the govt, but they only have 53 Senators so they cannot force cloture on their own. They need some Dems to vote for it as well.
What a wonderful politcal and economic system that incentivises politicians to pass good policy and run great political campaigns to further improve the conditions of all workers!
or they could rewrite the rules using the “nuclear” option or the “constitutional” option and change the cloture rule with their simple majority. but they do not want to do this, because enough of them may not support such a rule re-write, and win or lose, the attempt itself would publicly betray the fiction of a “democrat shutdown” and hang the entire shutdown on their fractious party not being able to get their head and ass wired together. it has gone on too long for them to actually re-open government at this point, so they are betting hard on people actually believing–despite their 9 months of running victory laps about ruling unopposed–they are somehow not able to reopen government without those pesky democrats.
Oh no! Not the economy!
nvidia alone is worth $5T today
“Worth”
Such a company should not exist.
Emphasis ontoday
This is still going on?
yup
I wonder if there is some marble statue Rome guy who thought Trump would fix money issues by being rich and would bring imperial glory thinks this kind of thrashing like a wounded economic animal is “based”
Honestly a lot less than I thought lol
