{"id":80744,"date":"2023-09-29T05:00:33","date_gmt":"2023-09-29T09:00:33","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/4-key-things-you-need-to-know-about-government-shutdowns-80744"},"modified":"2023-09-29T05:00:33","modified_gmt":"2023-09-29T09:00:33","slug":"4-key-things-you-need-to-know-about-government-shutdowns","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/4-key-things-you-need-to-know-about-government-shutdowns-80744","title":{"rendered":"4 key things you need to know about government shutdowns"},"content":{"rendered":"<div>\n<p>With the nation\u2019s capital fixated on\u00a0tense negotiations\u00a0over <a href=\"https:\/\/www.foxnews.com\/opinion\" target=\"_blank\" rel=\"noopener\">funding the federal government<\/a>, apocalyptic warnings over a possible shutdown are filling headlines. Time is &#8220;running short,&#8221; we\u2019re in &#8220;crisis mode,&#8221; and the House and Senate are on a &#8220;collision course,&#8221; to quote just a few prominent news outlets.\u00a0<\/p>\n<p>But for the 99% of Americans who live far from the swamp, it\u2019s not always clear how a government shutdown would affect day-to-day life. Here are some important points about how shutdowns work \u2013 and how Washington makes them worse.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/white-house-says-house-gop-proposed-cr-would-eliminate-border-agents-trigger-windfall-for-drug-cartels\" target=\"_blank\" rel=\"noopener\">Even if there is a funding lapse<\/a>, federal activities (and employees) deemed &#8220;essential&#8221; will continue to draw from the national treasury.\u00a0Examples\u00a0include national security, border patrol, law enforcement, disaster response and more.\u00a0<\/p>\n<p>In addition, funding for many benefits (such as Social Security) along with some agencies (such as the Postal Service) are independent of the annual spending process.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/house-lawmakers-protect-military-pay-government-shutdown\" target=\"_blank\" rel=\"noopener\"><strong>HOUSE LAWMAKERS MOVE TO PROTECT MILITARY PAY FROM LOOMING GOVERNMENT SHUTDOWN<\/strong><\/a><\/p>\n<p>A lapse of under two weeks would have even less effect since federal employees would get their paychecks on time. However, longer shutdowns are typically coupled with providing back pay to bureaucrats and congressional staffers.<\/p>\n<p>Accordingly, the real-world effect of a shutdown would be\u00a0much less\u00a0than the apocalyptic rhetoric that often characterizes press coverage of the issue.<\/p>\n<p><strong>2)<\/strong>\u00a0<strong>Shutdowns Reflect Bloated Government and Failure to Budget<\/strong><\/p>\n<p>The federal government\u2019s fiscal year begins on Oct. 1 and ends on Sept. 30.<\/p>\n<p>If Congress fails to pass the annual set of spending bills (referred to as appropriations) by the end of September, the government\u2019s ability to spend becomes limited due to important legal safeguards against executive agencies spending without legislative approval.<\/p>\n<p>In theory, the annual budget process looks like this:<\/p>\n<p>Of course, it seldom works that way. Congress hasn\u2019t completed the process on time\u00a0since 1997. With Republicans and Democrats divided over the proper\u00a0size and scope\u00a0of the federal government, negotiations over both overall spending levels and item-by-item authorizations usually drag out well past the Sept. 30 deadline.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/ditching-crystal-ball-potential-government-shutdown\" target=\"_blank\" rel=\"noopener\"><strong>DITCHING THE CRYSTAL BALL ON A POTENTIAL GOVERNMENT SHUTDOWN<\/strong><\/a><\/p>\n<p>However, the spending process is difficult to complete on time even when one party controls both Congress and the White House. The\u00a0unchecked growth\u00a0of the federal government means legislators haggle over core priorities such as national defense \u2013 and special-interest handouts such as\u00a0maple syrup subsidies.<\/p>\n<p>Unfortunately, it\u2019s clear that the Biden administration and <a href=\"https:\/\/www.foxnews.com\/politics\/senate-leaders-reach-short-term-budget-deal-6b-ukraine-showdown-house\" target=\"_blank\" rel=\"noopener\">Senate Majority Leader Chuck Schumer<\/a>, D-N.Y., have\u00a0no interest\u00a0in making the process go smoother by putting Uncle Sam on a diet.<\/p>\n<p>A classic example of the swamp in action is what\u2019s referred to as &#8220;Washington Monument Syndrome<u>,<\/u>&#8221; where a government will make a spending cut or funding lapse as painful as possible by closing down low-cost, highly symbolic things.\u00a0<\/p>\n<p>The Obama administration implemented this strategy in 2013 by blocking access to open-air public facilities such as the\u00a0World War II Memorial, even though keeping such areas closed and guarded was more expensive than normal operations.<\/p>\n<p>While there\u2019s no indication as to how Biden plans to handle a potential government shutdown, the administration\u2019s\u00a0radical approach\u00a0to issue after issue doesn\u2019t bode well.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/opinion\"><strong><u>CLICK HERE FOR MORE FOX NEWS OPINION<\/u><\/strong><\/a><\/p>\n<p>Many things the federal government manages are important and necessary. However, some of these (such as the\u00a0air traffic control\u00a0system and\u00a0infrastructure\u00a0programs) can and should be devolved to state and local governments, civil society and\u00a0private entities.<\/p>\n<p>Shrinking the endless list of federal responsibilities would make the country less vulnerable to congressional dysfunction. (If polls are any indication, the American public considers Congress to be\u00a0plenty dysfunctional<u>.<\/u>)<\/p>\n<p>Also, in most cases, pulling these activities from the swamp would yield budgetary savings. With the national debt at\u00a0$33.1 trillion\u00a0due in large part to\u00a0rampant waste and fraud, unloading federal liabilities is long overdue.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/mccarthy-meeting-biden-government-shutdown-border\" target=\"_blank\" rel=\"noopener\">House Republicans have put forward<\/a>\u00a0spending bills\u00a0and a\u00a0budget resolution\u00a0that would move things in the right direction, and there is debate within the GOP caucus over whether to make the legislation even stronger.<\/p>\n<p>Following a wildly destructive spending spree that has pushed the country down the <a href=\"https:\/\/www.foxnews.com\/opinion\/while-you-struggle-inflation-smug-elites-say-let-them-eat-cake\" target=\"_blank\" rel=\"noopener\">road to\u00a0bankruptcy\u00a0and hyper-inflation<\/a>, that\u2019s a debate worth having.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/person\/d\/david-ditch\" target=\"_blank\" rel=\"noopener\"><strong><u>CLICK HERE TO READ MORE FROM DAVID DITCH<\/u><\/strong><\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/opinion\/4-key-things-you-need-know-about-government-shutdowns\">Source &#8211; https:\/\/www.foxnews.com\/opinion\/4-key-things-you-need-know-about-government-shutdowns <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the nation\u2019s capital fixated on\u00a0tense negotiations\u00a0over funding the federal government, apocalyptic warnings over a possible shutdown are filling headlines. Time is &#8220;running short,&#8221; we\u2019re [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-80744","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>4 key things you need to know about government shutdowns - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/4-key-things-you-need-to-know-about-government-shutdowns-80744\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 key things you need to know about government shutdowns - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"With the nation\u2019s capital fixated on\u00a0tense negotiations\u00a0over funding the federal government, apocalyptic warnings over a possible shutdown are filling headlines. 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