Home Invites Members Groups Events Careers Videos News Photos Blogs Polls Singles Forums Chat
Home > Blogs > Post Content

HOW SOME SAY SHUTDOWN WILL COST $4BILLION OR MORE BY THE BIDEN FORUM! (283 hits)


For Immediate Release From The Biden Forum!

As the record-long government shutdown reached its fourth week, the consequences of inaction continue to mount. Farmers canít get loans, federal parks and museums arenít open to tourists, and there is a real threat that critical services ó from food stamps to tax refunds ó wonít get processed. All told, the cost is high and rising: S&P Global Ratings estimates that the economic toll has reached almost $4 billion and at least one prominent economist warned that the shutdown could cause the U.S. economy to shrink if it goes on long enough.

While stark, the implications of the shutdown appear to be temporary. Trash at national parks will be picked up, tax refunds will be paid, and eventually our nationís furloughed workers will get their back pay. The shutdown will soon be a distant memory, right?

Wrong. While itís tough to calculate the true cost of the shutdown before itís even over, all signs point to lasting impacts ó especially when it comes to our federal workers and employees of government contractors. For these workers, the costs of a shutdown are somewhere between one delayed paycheck and missed pay for an unknown duration ó in many cases leading to tarnished credit and a mountain of expensive credit card debt. For Americaís taxpayers, the long-term cost could be a steady exodus of federal workers and contractors and a replacement workforce that will be more expensive to entice into the public sector.

Letís start with some facts. There are 800,000 furloughed federal workers and 4.1 million employees of federal contractors who make up a substantial 4.1 million employees of federal contractors who make up a substantial portion of our countryís 130-million-person workforce. Among these millions of workers, almost all are middle-class jobs: The typical pay for a federal worker is around $85,000 per year.

These jobs pay comparable salaries relative to the private sector. A 2012 study by the Congressional Budget Office found that the salary premium for public-sector jobs was virtually non-existent; government workers get paid 2 percent more than their private-sector counterparts with similar characteristics.

Read the full article HERE! https://bidenforum.org/some-say-the-shutdown-will-cost-4-billion-it-could-be-much-more-764c20f76add
Posted By: agnes levine
Wednesday, January 16th 2019 at 5:13PM
You can also click here to view all posts by this author...

Report obscenity | post comment
Share |
Please Login To Post Comments...
Email:
Password:

 
This is a very informative and provides illuminating, useful and interesting information on HOW SOME SAY SHUTDOWN WILL COST $4BILLION OR MORE BY THE BIDEN FORUM!

Who will come to REFUTE these facts? This is a must read article.


Thursday, January 17th 2019 at 11:47AM
Deacon Ron Gray
More From This Author
HOW LOP CELEBRATES BLACK HISTORY MONTH FEATURING RUBY BRIDGES AND U.S. MARSHALL ROBERT MOORE!
HOW FEBRUARY 3rd IS NATIONAL DAY OF PRAYER FOR AFRICAN-AMERICAN FAMILIES!
HOW TO REGISTER AND ATTEND WARRIOR BRIDE SPIRITUAL WARFARE CONFERENCE!
HOW NEW BIRTH MISSIONARY BAPTIST CHURCH PRESENTS SUPERBOWL ~ DR. JAMAL H. BRYANT, SENIOR PASTOR!
HOW BRANDING SUPERSTAR UNIVERSITY OFFERS BRANDING ACCELERATOR PROGRAM BY PAM PERRY, PR!
HOW SPECIAL EDITION LOPnewsmag FEATURES PAPAL VISIT TO PANAMA, OBAMA FOUNDATION, CATHOLIC SCHOOLS WEEK ...!
HOW POPE FRANCIS, HIS HOLINESS, DELIVERS HOMILY AT MASS ON FINAL DAY OF WORLD YOUTH DAY 2019 IN PANAMA!
HOW POPE FRANCIS VISITS JUVENILE DETENTION CTR DURING WYD2019 IN PANAMA, GHANA'S NEW ARCHBISHOP PRAISE YOUTH!
Forward This Blog Entry!
Blogs Home

(Advertise Here)
Who's Online
>> more | invite 
Black America Resources
100 Black Men of America
www.100blackmen.org

Black America's Political Action Committee (BAMPAC)
www.bampac.org

Black America Study
www.blackamericastudy.com

Black America Web
www.blackamericaweb.com

CNN Black In America Special
www.cnn.com/blackinamerica

NUL State of Black America Report
www.nul.org

Most Popular Bloggers
deacon ron gray has logged 165344 blog subscribers!
elynor moss has logged 104440 blog subscribers!
agnes levine has logged 57583 blog subscribers!
tanisha laverne grant has logged 56185 blog subscribers!
miisrael bride has logged 28053 blog subscribers!
>> more | add 
Latest Jobs
FT/Tenure Track Instructor - Nursing (Pediatrics/Medical-Surgical) with Santa Monica College in Santa Monica, CA.
Assistant Project Scientist at the Center for Polymers & Organic Solids at University of California Santa Barbara (JPF01441) with University of California Santa Barbara in Santa Barbara, CA.
Best Buy General Manager - Store 29 (Racine, WI) with Best Buy in Racine, WI.
Design Director with National Domestic Workers Alliance in New York City preferred, NY.
Media Relations Director with National Domestic Workers Alliance in New York City or Washington DC preferred, but remo, NY.
>> more | add