1995 Government Shutdown Costliest Ever...Until Now


by Anthony Sibley (AJ) on Nov 7, 2013 | Views: 147 | Score: 0
Created with Highcharts 4.2.3 /Highstock 4.2.3Government ShutdownCost in gross domestic product from lost government servicesCost in Billions USD1995201300.511.522.533.5
Cost in Billions USD
19952.2
20133.1
Government Shutdown
Cost in gross domestic product from lost government services
Sources: nytimes.com
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Anthony Sibley (AJ)
Anthony Sibley (AJ) on Nov 7, 2013 4:15 AM said:

The government shutdown of last month cost the US over $1 billion each week, greatly surpassing the previous record of costliest shutdown by nearly a billion dollars. The majority of the expense will be paying approximately 800,000 furloughed federal workers for time spent idle. Furthermore, the associated damage-- the undermining of consumer, business, and investor confidence-- may be far costlier.