Federal Government Begins First Shutdown In 17 Years

Re:Federal Government Begins First Shutdown In 17 Years by robobenjie on Tuesday October 01, 2013 @12:32AM (#6474047)

This is really depressing. The system seems to be designed to be strong but not infallible, with the assumptions that the people trusted to run the government would do so competently with the best interests of the nation. It seems clear that a slow process of radicalization has replaced the interests of the nation with the interests of the party and it's unclear how to fix it.

If one group defects to block voting and no compromise the other side has to also defect or be run over. This is the prisoner's dilemma writ large, only we citizens are the ones paying the penalty for dual defection.

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Re:Federal Government Begins First Shutdown In 17 Years by twoodfin on Tuesday October 01, 2013 @12:35AM (#6474058)

Three or four years after the last shutdown (twenty days long!) we had a budget surplus and the lowest unemployment in decades. I'm not saying those things are related, but your pessimism is probably excessive.

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Re:Federal Government Begins First Shutdown In 17 Years by wpietri on Tuesday October 01, 2013 @01:33AM (#6474308)

That happened during a very strong economy. The economy now is much more vulnerable. An extended shutdown could tip the US back into recession, partly through primary effects (that is, reduced economic activity from everybody the government pays, and everybody they pay) and partly through secondary ones (e.g., consumers putting off spending and businesses deferring investment until things are more clear).

Also, the threats to force a debt default along with the shutdown are dumbfounding. That would, as The Economist writes, "unleash global financial chaos". Poorly handled, it could be worse than the 2008 crisis, especially given what poor shape Europe is in right now.

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