Top Eleven Reasons the Teabaggers Want a Government Shutdown
What’s so good about a government shutdown? Let the Teatards count the ways:
Slower Economic Growth: According to analysts at Goldman Sachs, a shutdown could take 0.2% off the growth of the Gross Domestic Product for every week it continued.
Housing Market Jeopardized: During a shutdown, the Federal Housing Administration would cease operations, blocking home loan and insurance applications.
Tax Refunds Blocked: A shutdown would delay $42.1 billion in refunds to 14 million taxpayers. That’s $42.1 billion that WON’T be pumped into the economy.
Deficit Increased: By increasing the costs of funding the debt, a shutdown would actually increase the federal deficit.
No More Small Business Loans: During the shutdown, the Small Business Administration will halt the processing of all loan applications. The SBA approves about $50 million worth of small business loans per day (when the government is operating).
No More Insider Trading Investigations: At the Securities and Exchange Commission, the shutdown would stop most investigations and most work on in-progress enforcement cases.
Social Security Enrollments Delayed: While Social Security checks still go out during a shutdown, applications for new enrollment will be processed more slowly. A huge backlog of applications for Social Security disability benefits would grow even larger.
Workplace Safety Inspections Halted: At the Occupational Safety and Health Administration (OSHA), which polices workplace safety regulations, 95% of workplace complaints will go unanswered.
National Park Tourism Jeopardized: National parks close during a government shutdown. National park visitors spend about $32 million a day. Unfortunately, this is only when the parks are OPEN.
800,000 Federal Workers Furloughed: A shutdown would force the furlough of about 800,000 federal employees. The Treasury would owe them $174 million a day in back wages.
State Budget Problems Even Worse: If a shutdown occurs, there’ll be no federal money to help states pay the administrative costs of their unemployment programs. States will have to borrow more money to keep the programs running.
Way to go, Teajobs. We had to destroy the country in order to save it.