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Mon Sep 30, 2013, 10:50 AM

Does anybody here subscribe to Businessweek?

It's a Bloomberg publication....the economic editor, Peter Coy was on Washington Journal answering questions. He did not correct republicans with misinformation or stand up with democrats, but when all was said and done, the CSpan host asked what he thought about a shutdown..

To paraphrase, he said that it would be like a vaccination, the cost and the pain would prevent a worse sickness, and if all the Congress only has to fail to pass budgets or revise debt ceilings unless they get their way, that would be worse than a shutdown.

He said that after a shutdown, they will come to their senses, sit down and do the right thing before more damage is done.

Shutdown means prevention of future threats because they won't work.

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Arrow 4 replies Author Time Post
Reply Does anybody here subscribe to Businessweek? (Original post)
fadedrose Sep 2013 OP
antiquie Sep 2013 #1
Recursion Sep 2013 #2
fadedrose Sep 2013 #3
Recursion Sep 2013 #4

Response to fadedrose (Original post)

Mon Sep 30, 2013, 10:54 AM

1. History repeats: United States federal government shutdown of 1995 and 1996

 

On November 14, major portions of the federal government suspended operations.[4] The Clinton administration later released figures detailing the costs of the shutdown, which included payments of approximately $400 million to furloughed federal employees who did not report to work.[6]

The first budget shutdown concluded with Congress enacting a temporary spending bill, but the underlying disagreement between Gingrich and Clinton was not resolved, leading to the second shutdown.

A 2010 Congressional Research Service report summarized other details of the 1995-1996 government shutdowns, indicating the shutdown impacted all sectors of the economy. Health and welfare services for military veterans were curtailed; the Centers for Disease Control and Prevention stopped disease surveillance; new clinical research patients were not accepted at the National Institutes of Health; and toxic waste clean-up work at 609 sites was halted. Other impacts included: the closure of 368 National Park sites resulted in the loss of some seven million visitors; 200,000 applications for passports and 20,000 to 30,000 applications for visas by foreigners went unprocessed each day; U.S. tourism and airline industries incurred millions of dollars in losses; more than 20% of federal contracts, representing $3.7 billion in spending, were affected adversely.[7]


https://en.wikipedia.org/wiki/United_States_federal_government_shutdown_of_1995_and_1996

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Response to fadedrose (Original post)

Mon Sep 30, 2013, 10:55 AM

2. Perk of the job. I also get Jane's Naval Journal and IEEE's journals

I find Jane's and IEEE much more interesting.

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Response to Recursion (Reply #2)

Mon Sep 30, 2013, 10:58 AM

3. What does IEEE stand for?

Never heard of it.

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Response to fadedrose (Reply #3)

Mon Sep 30, 2013, 11:00 AM

4. Institute of Electrical and Electronic Engineers

It has some of the best journals in electrical engineering, computer science, signal processing, and automatic control.

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