Trump is costing the UNITED STATES of AMERICA, more than his wall is even worth, with Trump's SHUTDOWN
KLAMATH FALLS, OR— The government shutdown could end up costing more than the $5.7 billion Trump wants for the wall
The economic costs of the government shutdown may already exceed the $5 billion Trump is demanding for a border wall, according to some analysts’ estimates.
Some taxpayers may think this isn’t such a bad thing. The drop in payroll and the decrease in government services would mean less taxpayer money spent, right? Actually, no. The truth is that the ongoing partial government shutdown is costing American taxpayers and the U.S. economy overall billions of dollars.
How could this be? First off, federal workers who are not paid during a government shutdown typically receive back pay once the shutdown is over, whether or not they were furloughed. So there is no money “saved” through a drop in federal employment payroll.
“We are paying people to do nothing,” Gordon Gray, director of fiscal policy of the center-right advocacy group American Action Forum, said to MONEY. “That’s basically pure waste. It’s one way that the federal government is basically taking money and throwing it out the window.”
The record partial government shutdown could cost the US economy more than the $5.7 billion that Trump has demanded to fund his proposed border wall.
The US is now in an unprecedented fifth week of the shutdown. According to this projection, by about Friday the total damage will have surpassed the $5.7 billion that prompted the shutdown in the first place.
In other words, the costs of the partial government shutdown may already exceed the $4 billion to $5 billion in additional funding that Congress and President Trump are negotiating over.
Why the Government Shutdown May Cost Tens of Billions More
By the time the government shutdown is over, the impact on the economy may make $5 billion seem like peanuts. For one thing, there’s no end in sight. Even though the House Democrats plan to pass a plan reopening the government without funding for the border wall, Trump has said the shutdown will last “as long as it takes” for Congress to allocate the additional billions for the wall. So the government shutdown may last for quite some time.
As another example, in late 2017, Standard & Poor’s analysts said that a government shutdown threatened at the time would cost the American economy roughly $6.5 billion per week.
Defying Trump Administration, Calif. Offers Federal Workers Unemployment Benefits
California Gov. Gavin Newsom says the Trump administration has told states they can't offer unemployment benefits to federal employees who are required to report to work without pay during the government shutdown.
Newsom called a letter sent to states by the U.S. Department of Labor "jaw-dropping and extraordinary" as he met with TSA workers at the Sacramento International Airport Thursday afternoon. "So, the good news is, we're going to do it, and shame on them."
The governor explained that California will offer the workers unemployment coverage, despite the federal government telling the state it can't do so for workers still on the job. Newsom says he believes California is on strong legal footing.
The Trump administration does not appear to be opposing unemployment benefits for federal workers who are staying home during the shutdown.
Support for Donald Trump's Impeachment is Higher Than His Approval Rating, New Poll Shows
Trump isn't exactly popular right now. In fact, a new poll shows that more people seem to support impeaching him than approve of the job he's doing.
The survey from Public Policy Polling—a Democratic polling company that also does public polls—pegged Trump's approval rating at just 40 percent, while 57 percent disapproved. Forty-six percent of voters, meanwhile, supported impeaching Trump, while just 44 percent are opposed, according to the poll.
The survey polled 760 registered voters from January 19 through 21. It had a margin of error of plus or minus 3.6 percentage points.
The survey also pitted Trump against hypothetical Democratic opponents for the 2020 election to see where things stood. Trump trailed all seven likely Democratic candidates that the company used: former Vice President Joe Biden (53 percent to 41 percent), Vermont Senator Bernie Sanders (51 percent to 41 percent), California Senator Kamala Harris (48 percent to 41 percent), former Texas Representative Beto O’Rourke (47 percent to 41 percent), Massachusetts Senator Elizabeth Warren (48 percent to 42 percent), New Jersey Senator Cory Booker (47 percent to 42 percent) and New York Senator Kirsten Gillibrand (47 percent to 42 percent).
"It really doesn’t matter which Democratic hopeful you test against him right now," said Dean Debnam, president of Public Policy Polling, in a statement. "Voters prefer any of them over Trump at halftime of his Presidency."
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