In the recent time, US government shutdown has been the breaking news worldwide. This has mainly impacted the workers and their paychecks. For the short or even long- term period, it could even impact the production and incentive of the workers depending on how long the shutdown will be for. By looking at the situation and events in hand, “financial crisis” is the first thing that comes into mind. Many say that the US shutdown could cause a bigger financial crisis that occurred back in 2008 or even the Great Depression. Hence, the US Government is in desperate need to reduce the financial crisis.
Sperling believes that increasing debt limit for short-term period would result in an economic boom, greater jobs, faster growth and efficient investment. However, it may not be the best alternative for long- term period as the debts will only increase. It is expected that the Treasurers would receive an amount of $30 billion by October 17th, which will be used to pay incomes. Another positive for US is that 350,000 will be back on work and those who have not received there paychecks will get it right after the partial government shutdown ends.
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