{"id":9803,"date":"2013-10-01T09:00:06","date_gmt":"2013-10-01T13:00:06","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9803"},"modified":"2013-10-01T07:58:35","modified_gmt":"2013-10-01T11:58:35","slug":"the-economics-of-a-government-shutdown","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2013\/the-economics-of-a-government-shutdown\/","title":{"rendered":"The Economics Of A Government Shutdown"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" alt=\"\" src=\"http:\/\/www.gobankingrates.com\/system\/uploads\/government-shutdown.jpg\" width=\"640\" height=\"426\" \/><\/p>\n<p>The BBC had a couple articles that looked at what the government shutdown means:<\/p>\n<ul>\n<li>The last time the government shutdown in the 90s, it cost the government $2.1 billion in today&#8217;s dollars.<\/li>\n<li>If the shut down continues for three weeks it is estimated to reduce GDP growth by up to 0.9% this quarter.<\/li>\n<li>The stock markets have remained stable thus far \u2013 one member of the business community notes that they have become &#8220;numb&#8221; to &#8220;Washington posturing&#8221; over the past five years.<\/li>\n<li>But while the markets are stable, half of all bosses believe that the budget drama has had a negative impact on employee hiring.<\/li>\n<li>The shutdown will have the largest impact on the economy of the capital, Washington DC, where the federal government accounts for a third of the economy.<\/li>\n<li>Depending on the length of the shutdown, the release of statistics about American jobs might be delayed, as might the IPO of Twitter.<\/li>\n<li>Many employees who &#8220;provide for the national security&#8221; may have to work without pay.<\/li>\n<\/ul>\n<p>Read more <a href=\"http:\/\/www.bbc.co.uk\/news\/business-24341406\">here<\/a> and <a href=\"http:\/\/www.bbc.co.uk\/news\/world-us-canada-24302508\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.bbc.co.uk\/news\/world-us-canada-24302508\">BBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BBC had a couple articles that looked at what the government shutdown means: The last time the government shutdown in the 90s, it cost the government $2.1 billion in today&#8217;s dollars. If the shut down continues for three weeks it is estimated to reduce GDP growth by up to 0.9% this quarter. The stock [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/10\/government-shutdown1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9803"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9803\/revisions"}],"predecessor-version":[{"id":9810,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9803\/revisions\/9810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9808"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}