Zero2Cool
14 years ago
http://money.cnn.com/2011/04/06/news/economy/government_shutdown/index.htm?hpt=T2 

NEW YORK (CNNMoney) -- If the government closes shop after Friday, the IRS will stop processing paper tax returns, the Small Business Administration will stop making loans and federal home loan guarantees will be put on hold.

Those are just a few of the consequences of a government shutdown, according to senior administration officials, who detailed federal contingency plans for the first time on Wednesday.

Lawmakers have been trying to reach a compromise that would set spending levels for the next six months. But with the deadline fast approaching, there appears to be precious little movement toward a deal.

The current spending bill expires at the end of Friday.

The officials stressed that a shutdown would put a drag on the economy, as loans dried up and hundreds of thousands of government workers are put on furlough.

And for the first time, officials hinted at just how many workers would be asked to stay home. The official estimate: 800,000. That means almost a million Americans won't get a paycheck.
Federal workers in limbo

Those workers might be receive back pay at a late date, but only if Congress retroactively authorizes it. In other words, no guarantees.

In a nutshell, agencies will only be allowed to perform operations necessary for the safety of human life and protection of property. (Read what happened during the last shutdown.)

National Park Service sites and the Smithsonian Institution would be shuttered, and the Cherry Blossom Festival parade scheduled for this weekend in Washington would be cancelled.

Some of the government's biggest jobs, like defense and medical research, would also take a hit.

U.S. troops would be paid through April 8, but after that, paychecks to members of the military, including those in war zones, would stop.

The National Institutes of Health will stop accepting new patients, and put clinical trials on hold.

At the IRS, paper tax return filings -- about 30% of all returns -- would be put on hold, but electronic filings would be processed.

The Environmental Protection Agency would stop reviewing environmental impact statements, which will slow crucial energy related projects.

E-Verify, the Department of Homeland Security program that helps businesses determine the eligibility of employees, would be suspended, which could lead to hiring delays.


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Wade
  • Wade
  • Veteran Member
14 years ago
Fine with me.

The longer it shuts down the better. I'd rather lose my refund.
And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
Porforis
14 years ago

Fine with me.

The longer it shuts down the better. I'd rather lose my refund.

"Wade" wrote:



Can I have it instead?
Nonstopdrivel
14 years ago
Funny how all the supposedly negative outcomes sound rather desirable to me. Sad to say, a "shutdown" government is the closest thing to a constitutional government we will ever see.
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vegOmatic
14 years ago
If the world blows up will the Amish notice?
blank
yooperfan
14 years ago
Sad that we have a President of the United States that has to take hours to decide which socks to put on in the morning and a bunch of bomb throwing, slash and burn tea baggers wagging the tail of the dog, in charge in America.
We are so screwed!
14 years ago
I better hurry up and get this FDA clinical trial submission in...
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Cheesey
14 years ago
I wonder if that will keep them from collecting all taxes from us then? I mean, why should we have to pay, when they arn't doing their jobs?
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buckeyepackfan (25-May) : Haven't we all seen thus movie? It doesn't end well!! Lol
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beast (19-May) : Supposedly he has to take his image, and name off of it... but otherwise could keep selling wine if he wanted to.
Zero2Cool (19-May) : he giving up his win business?
beast (19-May) : Speaking of Woodson, sounds like he'll be a minority owner (0.1%) of the Browns
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dfosterf (15-May) : Sure looks like these tornadoes are headed towards Green Bay
Zero2Cool (15-May) : Woodson of Charles fame was reluctant and then loved it. that didn't really come out until post career
Mucky Tundra (15-May) : IE "We bought into the Bears and they let us down, we have no choice to seek alternatives"
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