If U.S. politicians fail to resolve their differences over spending, a shutdown of non-essential government services could grind the U.S. economy into the ground — and take Canada with it
Win McNamee/Getty Images
Gordon Isfeld
September 30, 2013 11:50 AM EDT
OTTAWA — Once again, Canada’s economy is being overshadowed by our big neighbour.
"The Government Shutdown Will Cost More Than Trump's $5 Billion Border Wall Funding, According to Experts"
Despite data on Monday showing a strong rebound in growth here, it’s the funding crisis in the United States that dominates the spotlight.
You don’t see other democracies shuttering landmarks and sending civil servants home just because their political parties can’t get along. Belgian civil servants, for example, carried on nicely for a year and a half while their politicians bickered over forming a new government.
The Canadian Air Traffic Controller Association units in Gander, N.L., and Moncton, N.B., ordered pizzas for all of their colleagues at the control centre on Long Island, who have been working without pay since the partial U.S. government shutdown began on Dec. 22 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146099262
The Government Shutdown Will Cost More Than Trump's $5 Billion Border Wall Funding, According to Experts [...] William G. Gale, a senior fellow for the nonpartisan Brookings Institution .. https://www.brookings.edu/blog/up-front/2019/01/03/how-to-shut-down-future-shutdowns/ .. think tank, wrote this week that the shutdown is especially silly because the amount of money being fought over is tiny in the grand scheme. “The programs without current funding cost more than $300 billion per year,” Gale wrote. “By contrast, the amount in dispute regarding the wall is roughly $4 billion, after accounting for more than $1 billion of border security funding previously offered by Democrats.” P - “The notion that much of the government should shut down because of disagreements in one tiny area of government spending defies logic and common sense. No business would operate that way,” Gale wrote. “While the political grandstanding continues, the economy will suffer.” https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146102278
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”