Wednesday, April 6, 2011

The Truth About #IfGovernmentShutsDown

Man this $hit is absurd! While all these politicians acting like they are in the WWF, meanwhile they are inherently playing with the qualities of people lives man and focusing on politics rather than policy. #RBG
The White House and U.S. Congress have until Friday to agree to a federal spending-cut bill or face a partial shutdown of the U.S. government the next day.The federal work force numbers are around 4.4 million, including members of the U.S. military. It has been 15 years since the last government shutdown over spending disagreements.
Here are some facts about what could happen:
  • All national parks along with national museums and monuments would be closed
  • Federal activities with separate sources of money like user fees, or funds authorized on a multi-year or permanent basis, would escape a shutdown
  •  During the last shutdown, an estimated 200,000 applications for U.S. passports went unprocessed and work on more than 3,500 bankruptcy cases was suspended
  • New patients would not be accepted into clinical research at the National Institutes of Health
  • The Small Business Administration's approval of applications of business loan guarantees and direct loans to small businesses would stop
  • The Federal Housing Administration would not be able to guarantee loans, potentially hurting the housing market
  • Tax refunds of 30 percent of Americans who filed a paper - rather than electronic - tax return would be delayed. Electronic tax collection and refunds would continue. IRS tax audits would be suspended.
  • The military continues to work and earn. But paychecks would be delayed after April 8 for the duration of the shutdown because the government would not have funds to make payroll
  • A significant amount of federal workers would be furloughed, including a "significant number" of civilian contractors working for the Defense Department, senior Obama administration officials say.
  • A shutdown may be felt on a number of fronts, including delays in approving import and export licenses, Social Security applications and benefits for military veterans, congressional aides say

Source: MSNBC

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