U.S government is SHUT DOWN !

8

On the first day of this October in United Sates, Democrats and Republicans could not resolve their differences over Obama care and now the government is shut down.

Shutdown is not cheap, AT ALL. Federal agencies have to plan for a new one, which will cause huge amount of time, energy and resources.  “Research firm IHS estimates that it’s costing the US government about $300m a day, for each day of the shutdown. Overall, the last time the US government shut down in 1995 for 21 days, it cost the federal government $1.5bn (£927m) – that’s $2.1bn (£1.3bn) in today’s dollars” (Kim Gittleson. October 1, 2013 “What’s the economic impact of a US government shutdown?” http://www.bbc.co.uk/news/business-24341406).

Markets have almost shrugged off the shutdown, with all three indexes rising on Tuesday. In different ways, the shutdown can either be big or small. The stores are still open, people will continue to read newspaper every day, and the military is still there to protect the American. However, the Americans have wait if they want a loan from the government, and if you plan to go any national park in US, you have to wait, because 368 national park service sites closed, and it turned millions of visitors away.

Leave a Reply

Your email address will not be published. Required fields are marked *