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Govt shut down
Old 01-19-2018, 12:19 PM   #1
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Govt shut down

Govt shut downs are irrelevant to earnings never amount to any financial damage. Media noise I guess.
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Old 01-19-2018, 12:25 PM   #2
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Media noise? Or perhaps it's actually the news. Not all the news is a conspiracy.
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Old 01-19-2018, 12:32 PM   #3
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Media noise? Or perhaps it's actually the news. Not all the news is a conspiracy.
No, a lot of it is a twist on reality and some reporter's political opinion.
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Old 01-19-2018, 12:41 PM   #4
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The news that I have seen on this has been pretty balanced... the sides are at odds over DACA/border security and each side will blame the other if they can't achieve a breakthrough before midnight tonight. Pretty simple.
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Old 01-19-2018, 12:50 PM   #5
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If the government shuts down, how do I get me free government cheese?
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Old 01-19-2018, 01:03 PM   #6
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It seems to me the ones that get screwed the most are those of us that visit national parks and forests.
Last shut down I was out west, signs up saying to stay out of parks and forest, but we could still hear lumber being taken down. Mining ops didn't shut down either.
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Old 01-19-2018, 01:06 PM   #7
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If the government shuts down, how do I get me free government cheese?


Think Martin Marietta's government checks will stop coming? I might want to stop investing in companies relying on government money.
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Old 01-19-2018, 01:07 PM   #8
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If the government shuts down, how do I get me free government cheese?
Just give Tom a call...

https://en.wikipedia.org/wiki/Tom_Vilsack
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Old 01-19-2018, 01:12 PM   #9
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It seems to me the ones that get screwed the most are those of us that visit national parks and forests.
I would argue that the 1.3 million active duty military, whose pay will be delayed, suffer the most.
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Old 01-19-2018, 01:15 PM   #10
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I don't get how DACA is part of the budget. DACA has until March 5th. The budget is now.
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Old 01-19-2018, 01:22 PM   #11
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The news that I have seen on this has been pretty balanced... .
Though I have nothing scientific to go on, my subjective impression is that the reporting on this subject has been far more balanced than about 99% of what comes across my computer/radio/TV.

Unfortunately, that's a very, very low bar

To the OP: It is news though IMO, I wouldn't call it noise. Is it blown out of proportion, and will it likely have little effect on the markets? Yes, I think so.

But there are effects, as others have mentioned. Though the pay for some is delayed, not reduced/eliminated, but that certainly is a hardship for many.

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Old 01-19-2018, 01:23 PM   #12
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I don't get how DACA is part of the budget. DACA has until March 5th. The budget is now.
That's the "sausage making" aspect of it.

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Old 01-19-2018, 01:29 PM   #13
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My sister works for the federal government and every time there is a government shutdown her offices closes. While the shutdown continues she does not get paid. Usually she will eventually get paid but it normally takes weeks/months.

Once I was trying to sell my house and there was a government shutdown and the closing had to be delayed because the purchaser was getting a government loan. Caused a hardship for me a that time.

A lot of people are joking about this but a shutdown can cause a real hardship for people. The legislature has know this is coming, why can't they agree on something. Why can't they govern?
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Old 01-19-2018, 01:31 PM   #14
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According to a number of sources there have been 18 government shutdowns since the current budgeting rules were enacted in 1976. IMO it is just politics and will have little/no effect on the markets.

Other effects (delayed paychecks, closed parks) are real but likely to be very short-term. They may not even happen as a lot of that is up to the Administration.
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Old 01-19-2018, 01:36 PM   #15
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People that work for the feds should anticipate this happening and make sure they have savings to cover themselves. When we were young my DH would get laid-off occasionally and it was no surprise as it was a boom and bust industry. Some people would whine they could not pay their bills,etc. WE saved $ so it was no problem.
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Old 01-19-2018, 01:54 PM   #16
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But there are effects, as others have mentioned. Though the pay for some is delayed, not reduced/eliminated, but that certainly is a hardship for many.

-ERD50
A lot of government work is performed by contractors, They don't get paid if they are sent home unless their employers cover them. WHile Federal workers who are sent home have been paid in the past there is no guarantee - this time could be different.
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Old 01-19-2018, 02:11 PM   #17
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A lot of people are joking about this but a shutdown can cause a real hardship for people.
If someone working for the government or using government services doesn't anticipate this, they are pretty slow. It's happened many times before and will happen may times in the future.
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The legislature has know this is coming, why can't they agree on something. Why can't they govern?
It's leverage. Congresscritters look for anything that gives them some leverage over those that sit on the other side of the aisle.

They wouldn't do it if it didn't work (at least to some extent).

My attitude is to ignore it as best I can.
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Old 01-19-2018, 02:12 PM   #18
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I would argue that the 1.3 million active duty military, whose pay will be delayed, suffer the most.


That certainly would be.
I thought that was the threat last time but it did not actually happen.
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Old 01-19-2018, 02:14 PM   #19
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Do the congressmen get paid when the government shuts down?
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Old 01-19-2018, 02:21 PM   #20
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Do the congressmen get paid when the government shuts down?
Yes, I think.

https://www.washingtonpost.com/news/...=.7bb43c91aeaa

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Here's the background: The government shutdown only affects agencies and employees that are funded through annual appropriations. But that doesn't apply to members of Congress. Salaries for members of the House and Senate are written into permanent law. (Members in both chambers currently make $174,000 a year.) That's why politicians get paid even in the event that Congress can't agree on a bill to fund the government.
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