The GOP Government Shutdown of 2013 has reportedly cost the country $1.6 billion after one week and will cost as much as $2 billion as of tomorrow.
The government shutdown that started last Tuesday has already cost $1.6 billion in lost economic output, according to market research firm IHS Inc.
Should the shutdown last through October 9, the total will come to $2 billion. That’s equivalent to the cost so far of the “biblical” flooding that has ravaged Colorado. If it lasts three to four weeks, Moody’s has estimated that the total cost to the economy could come to $55 billion. The shutdown could reduce economic output by 1.4 percent.
Why are we in this position? Because the Republicans don’t want you to have healthcare, and because John Boehner values his speakership more than he values the well-being of the American economy.