Sunday, October 20, 2013

What You Can Get For The Price Of A Shutdown

The shutdown may have ended when President Obama signed a deal late on Wednesday, but some of the consequences will stay with us. Standard & Poor’s has estimated that the shutdown cost the economy $24 billion.

That’s not a small amount of money. How does that stack up against other big expenditures? Here’s just a sampling of what else costs that much:

•The net cost of to the government from the Troubled Assets Relief Program (TARP): $24 billion
•The Department of Agriculture’s proposed budget: $22.6 billion
•NASA’s approved budget: $16.6 billion
•All air transportation programs, including the Federal Aviation Administration, security, research, and other costs: $21.9 billion

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