Struggling Government=Costs go Up!

The U.S. government is shutdown at the moment and it costs the U.S. government money and everyone else! Tourism and airline revenues are greatly affected by this shutdown. U.S. passports can’t be issued during this shutdown resulting in millions of visitors turned away with 368 National Park Services closed too. 200,000 applications for U.S passports are put to a halt reducing the revenues for tourism. The government shutdown also affects startup businesses as loans from the government have to wait. This whole government shutdown prevents economic growth as it does not provide a fertile ground for startups and most of all it removes people from work as 31% of government services are shutdown. As long as the Congress is in a dispute, the U.S. is in somewhat of a standstill which increases the cost as potential revenues are not capitalized on and increases the unemployment rate. The saying, “Time is Money” is extremely relevant to this situation as the longer this shutdown lasts, the higher the cost. As a result, this puts the U.S. at risk to defaulting its debt which affects the whole global economy and may tip the U.S. into a recession. We can see that the government has a significant impact on businesses and daily lives.

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