The Government Shutdown
Gabriel Han
IHSS
Mr Roddy
Jan 30 2018
The Government Shutdown
As you may know, President Donald Trump has recently ended the 5 week government shutdown. The cause of this shutdown was the supposed 'crisis' at our southern border, and how it needs a wall. He shut down the US government, requesting 5.7 billion dollars for a wall. He reopened the government for 3 weeks, asking for the wall to be built, or else he would declare a state of emergency. But how did this shutdown affect the economy? 11 billion dollars. The US economy lost 11 billion dollars, with over a quarter permanently gone. It left government workers without pay for weeks, living off of food stamps. But not all of the money is lost. Some will flow back into the economy as the government resumes, but we still lost billions of dollars.
This event is a major topic of debate in current politics, and the economic problems that have been and could still be created are huge, with the US losing double what Trump asked for to build his wall. If the government does not come to a conclusion, we could go through this again, but possibly worse. Projections show that real gross domestic product would slow from 3.1% down to 2.3% this year from last year. This means that the price of products produced in the US could go up due to inflation. These problems are caused by this shutdown, and another, maybe longer one, could cause even larger problems. This could result in huge problems in the economy, and not just involving the government. It could raise prices of products for all of us, and possibly taxes. The political problems are confusing, with denied facts, false and real evidence, skewed numbers, and foolish people. It will be hard for Trump to come to a conclusion where he gets what he wants, due to the fact that he is spewing facts that are skewed, half lies, and completely false at some times. There is no huge crisis at the southern border, and if we continue pretending there is one, we could make a huge economic problem for the US.
Sources
Rappeport, Alan. Edited by Binyamin Appelbaum. Government Shutdown Cost U.S. Economy $11 Billion, C.B.O. Says, Jan 28, 2019, New York Times, https://www.nytimes.com/2019/01/28/us/politics/shutdown-cost-us-economy-11-billion-cbo-says.html. Accessed 29 Jan 2019.
IHSS
Mr Roddy
Jan 30 2018
The Government Shutdown
As you may know, President Donald Trump has recently ended the 5 week government shutdown. The cause of this shutdown was the supposed 'crisis' at our southern border, and how it needs a wall. He shut down the US government, requesting 5.7 billion dollars for a wall. He reopened the government for 3 weeks, asking for the wall to be built, or else he would declare a state of emergency. But how did this shutdown affect the economy? 11 billion dollars. The US economy lost 11 billion dollars, with over a quarter permanently gone. It left government workers without pay for weeks, living off of food stamps. But not all of the money is lost. Some will flow back into the economy as the government resumes, but we still lost billions of dollars.
This event is a major topic of debate in current politics, and the economic problems that have been and could still be created are huge, with the US losing double what Trump asked for to build his wall. If the government does not come to a conclusion, we could go through this again, but possibly worse. Projections show that real gross domestic product would slow from 3.1% down to 2.3% this year from last year. This means that the price of products produced in the US could go up due to inflation. These problems are caused by this shutdown, and another, maybe longer one, could cause even larger problems. This could result in huge problems in the economy, and not just involving the government. It could raise prices of products for all of us, and possibly taxes. The political problems are confusing, with denied facts, false and real evidence, skewed numbers, and foolish people. It will be hard for Trump to come to a conclusion where he gets what he wants, due to the fact that he is spewing facts that are skewed, half lies, and completely false at some times. There is no huge crisis at the southern border, and if we continue pretending there is one, we could make a huge economic problem for the US.
Sources
Rappeport, Alan. Edited by Binyamin Appelbaum. Government Shutdown Cost U.S. Economy $11 Billion, C.B.O. Says, Jan 28, 2019, New York Times, https://www.nytimes.com/2019/01/28/us/politics/shutdown-cost-us-economy-11-billion-cbo-says.html. Accessed 29 Jan 2019.
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