Welcome to the decade of the politicization of everything. With the government shutdown in its first week, it is starting to look more and more like this temper tantrum from both sides could lead up to the debt ceiling deadline.
Government shutdown effects include as many as 800,000 workers (38% of the federal workforce) being furloughed. However, if there ever was a time to put on display the bloat and uselessness of many parts of the federal government, now it is fully on display. Just this week, the Internal Revenue Service (IRS) furloughed 9 of every 10 workers, deeming them non-essential employees.
Imagine what a flat tax would do to the agency...
The shutdown will affect every federal agency and any building or space with the federal stamp on it. National Park Service sites and multiple museums have been shuttered. Foreign travelers will be unable to get their visas or passport application approved, bankruptcy cases will be suspended until further notice, and military personnel and veterans will be unable to acquire their benefits.
Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter
Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.