Government Shutdown was the period when the routine operations of the United States federal government were curtailed. This happened because the legislative body was not able to successfully pass the legislations related to the funds for the next fiscal period. This shutdown continued to several days and was considered to be the third longest government shutdowns in the history of the United States that took place in the last quarter of the year 2013 (Kille, 2013).
From the past government shutdowns, the fact has been exposed that it only leads to negative and far reaching impacts on the overall financial system and wealth of the county. In a very similar manner, the 2013 government shutdown has also exhibited unnecessary damage on the economy of the United Sates. Economic disruption, harmful effects on Federal programs and services (that were supporting businesses and citizens of United States), loss of revenues to the government, and impacts on the Federal workforce, and negative impacts on tourism are few of the severe consequences that occurred due to 2013 government shutdown (Burwell, 2013).
While discussing in detail the effects of 2013 government shutdowns, the first to mention is the lay off and dismissal of a large quantity of federal employees. This indicates the fact that more than eight hundred thousand government employees and public servants were furloughed or was sent on unpaid leaves for an indefinite period during this phase of government shutdown. At the same time, millions of workers (who were exempted government employees) were also obliged to report on duty where their paychecks had been delayed and they were not even informed when they would be given their salary amounts (Kille, 2013).
The second impact of the 2013 government shutdown is the loss of costs (between 2 to 6 billion dollars) in the economic output associated due to this shutdown. As an outcome of this furlough, the government has to experience the loss of billions of dollars on weekly basis, which was considerably one of the huge losses that ever occurred in the history of the country. The cost to the federal government of billions of dollars was mainly attributed to the expenditure spent on the employees' payroll that were furloughed, and the productivity that was gone with them. Moreover, due to this furlough, many of the government functions were also suspended that includes air traffic control, training and support of these services, and so on (Burwell, 2013).
Apart from the loss of billions of dollars from the furloughed employees, the federal government had also incurred various other direct and indirect costs due to the 2013 shutdown. The federal government had loss to millions of dollars from the tourism expenditure that was collected from the national parks of the country. In fact, the enforcement of Internal Revenue Service (IRS) and other related program measures were halted as a result of this shutdown. As a consequence of this IRS shutter, the federal government also faced significant delays in processing as well as in issuing tax refunds. Moreover, the audit reports of taxpayers were deferred as well. Indeed, additional interest amounts were included for the federal government because timely payments were interrupted and turned into late payments (Burwell, 2013).
The drastic and negative effect on the economy of the United States is noticeably one of the broad spectrum consequences of the 2013 government shutdown. The curtailment and suspension of the many of the government services and agencies is the direct impact of the shutdown on the U.S. financial system. Trade, which is one of the vital sources of U.S. economy, has dramatically been affected, as the applications as well as the issuance of the licenses for the business of import and export were delayed and put on hold. Due to this delay the overall trade of the country was negatively affected because of the shutdown (Burwell, 2013).
Furthermore, it has also come to notice that importers and exporters also experienced postponement for many products that required approval from agencies before they can be imported or exported from the country. This typically happened because many of the regulators were furloughed. For instance, the import of pesticides, lumber, steel, etc. were delayed or halted because of the furloughs of the federal employees. Consumer and business confidence is one of the severe damages that have occurred due to this shutdown (Needleman, Loten & Simon, 2013).
Businesses also contributes to the economic activity of the country, however, due to the shutdown, small businesses were not able to receive loan amounts from banks and other private sectors, since the banks were not...
In this case, individuals are entitled to produce goods and services to meet their human need instead of private profit (Wolff, 2012). Prevention for Power and Privileges under Social Contract: While social contract provides power and privileges to all members of the society, ordinary people are usually prevented from executing the power and privilege that they are entitled to through various ways. Some of these ways include the state's legitimacy claims
Also, a very liberal strategy like the one that Mexico took after the NAFTA agreements is dangerous to a newly independent state. Extreme liberalization worked well for Mexico because a large and confident Mexico felt like it could benefit greatly from increased trade and labor transfer with the United States, without being pushed around in the agreement, and Canada helped to maintain neutrality. The Joyan Islands, on the other
Republicans construed Obama as suggesting government bailouts for new industries, or at the slightest a more lively federal government function in generating or supporting jobs -- concepts abominations to a lot of conservatives. The Obama campaign countered the idea as political spin that does not replicate the president's feeling or meaning, pointing to full circumstances of the quotation as confirmation (Koch, 2011). Discuss the process of how a Bill becomes a
(Vancketta, 1999) The 'Changes' clause enables the Government "to make unilateral changes to the contract during performance, so long as those changes fall within the contract's scope." The Standard 'Changes' clause utilized in fixes price supply contracts allows the CO to make changes in writing to: 1) the drawings, designs, or specifications when the item is being specifically manufactured for the government; 2) the method of shipment or packing; or 3) the place
Lobbyists may accost legislators to directly influence their vote on a certain issue. Lobbyists fulfill the important role of providing information for legislators' decision-making, educating and forming public opinion, and even contributing to and testifying to certain legislations. Lobbyists are mostly involved in the electoral process through the use of political action committees (Magleby et al.). Creating the Constitution The original framers designed the Constitution for ordinary people who were not
Higher taxes for example relates to less income for basic needs. In terms of political ideology, it is obvious that the particular ideology of the government would affect the rest of the country. In terms of the United States, for example, the Republican government has a certain set of ideals in terms of issues such as abortion, religious ideology, and so on, that they tend to impose upon the population. In
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now