Government Shutdown?

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mjedlin66
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Re: Government Shutdown?

Post by mjedlin66 »

MrSnrub wrote:Ugh this sucks. My wife is freaking out as if I just got fired.
Relax. It will be over soon. Last time it eventually turned into a free paid vacation.
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wdd09
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Re: Government Shutdown?

Post by wdd09 »

mjedlin66 wrote:
MrSnrub wrote:Ugh this sucks. My wife is freaking out as if I just got fired.
Relax. It will be over soon. Last time it eventually turned into a free paid vacation.
Not for everyone. Some of us are essential employees.
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jlozano042
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Re: Government Shutdown?

Post by jlozano042 »

Not our first rodeo. 2013 I was essential and this year not - just take the time with family and enjoy the ride. It will be over soon. I think I'm going to spend the time off stockpiling and consuming twinkies while watching Mad Max and Tron.

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evilanne
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Re: Government Shutdown?

Post by evilanne »

So who is getting furloughed, or a short vacation, if they don't come to an agreement by Monday morning?

Such a waste of money and resources. Most likely everyone will get paid for not working as in most Government shutdowns but in 2013 when some did 1-2 days a pay period over several months because of sequestration, they did not get paid. We need a law that bans any congressional break during any continuing resolution, maybe that would end these multiple CRAs that last 3-6 months by continually kicking the can down the road.

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mjedlin66
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Re: Government Shutdown?

Post by mjedlin66 »

evilanne wrote:So who is getting furloughed, or a short vacation, if they don't come to an agreement by Monday morning?

Such a waste of money and resources. Most likely everyone will get paid for not working as in most Government shutdowns but in 2013 when some did 1-2 days a pay period over several months because of sequestration, they did not get paid. We need a law that bans any congressional break during any continuing resolution, maybe that would end these multiple CRAs that last 3-6 months by continually kicking the can down the road.
That would be a great law.
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acidfly
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Re: Government Shutdown?

Post by acidfly »

But how are the markets going to react?

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Scarfinger
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Re: Government Shutdown?

Post by Scarfinger »

evilanne wrote:So who is getting furloughed, or a short vacation, if they don't come to an agreement by Monday morning?
Not I...
Report on Monday like any other day. Last shut down was like 13 days and in the same pay period if I remember right. So for me it was like a shut down never happened.
I am just an average Joe. I have no clue to what the market will do.
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SnareMV17
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Re: Government Shutdown?

Post by SnareMV17 »

I think I've seen numbers that only something like 17% of the federal workforce is considered non-essential.
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evilanne
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Re: Government Shutdown?

Post by evilanne »

Debt ceiling vs government shutdown: How they’re different and why they matter
https://www.cnbc.com/2021/09/17/debt-ce ... tters.html

McConnell unmoved on debt limit, risking turmoil for Biden
https://abcnews.go.com/US/wireStory/mcc ... t-80059736
"Yellen has been using “extraordinary measures” to conserve cash. But once those measures and cash on hand are fully exhausted, the U.S. will have to rely on incoming receipts to pay its obligations, forcing the Treasury to delay or miss payments. Yellen has projected that moment will arrive sometime in October."

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stilljammi
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Re: Government Shutdown?

Post by stilljammi »

Does everyone have amnesia about the shutdown that happened in 2019? Oh I guess that one didn't count because a certain political party was in power. Don't give me that partial shutdown nonsense. The blue flu in Atlanta ended up forcing their hand. Turns out 6 weeks without pay and forcing people to work for an unfunded political promise is not a good strategy. I predict another blue flu.

If they want to pull this nonsense again and mess around with the debt ceiling, the president should resolve it. Resolve the shutdown like the last one by declaring a state of emergency and divert funds. For the debt ceiling, mint a trillion dollar coin.

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bloobs
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Re: Government Shutdown?

Post by bloobs »

Another shutdown?

Cool, let me start planning my next Disney vacation then. Worked like a charm last time.

Isn't fed life grand? Thanks taxpayers for funding our vacations, er i mean, administrative leave!

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Aitrus
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Re: Government Shutdown?

Post by Aitrus »

stilljammi,

I understand the frustration, but let's keep the political bashing to a minimum. This isn't Twitter or Facebook.
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evilanne
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Re: Government Shutdown?

Post by evilanne »

2019 Shut down didn't impact me so I'm not even sure what stilljammi is referring to. I'm more concerned about the debt limit and how that would impact retirees (If it does) and the economy in general

pilotric99
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Re: Government Shutdown?

Post by pilotric99 »

For some, it was quite bad. The last shutdown was not a "vacation" for those in the federal workforce that could not pay their bills. Many feds had to resort to feeding their families from food pantries...

https://www.theguardian.com/us-news/201 ... food-banks

My family was financially secure but I still took a loan out where Navy Federal replaced my paycheck for the duration of the shutdown so I could preserve our cash reserves. I am fully aware that not everyone had that luxury.

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IRQVET
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Re: Government Shutdown?

Post by IRQVET »

Wow- thats really cool Navy Federal did that for you. I wonder if USAA did something simular. I have a real love/ hate relationship with USAA.
Operation Iraqi Freedom Veteran
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Fund Prices2024-03-27

FundPriceDayYTD
G $18.14 0.01% 1.00%
F $19.09 0.26% -0.68%
C $82.11 0.87% 10.42%
S $82.19 1.48% 6.61%
I $42.68 0.56% 6.21%
L2065 $16.38 0.84% 8.36%
L2060 $16.38 0.84% 8.36%
L2055 $16.39 0.84% 8.36%
L2050 $32.73 0.71% 6.94%
L2045 $14.91 0.67% 6.56%
L2040 $54.37 0.63% 6.20%
L2035 $14.34 0.58% 5.77%
L2030 $47.66 0.53% 5.35%
L2025 $13.14 0.31% 3.40%
Linc $25.60 0.24% 2.79%

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