Last week, before the reckless 35-day government shutdown ended, I wanted to get a full picture of how it was affecting our nation. I requested a report from the independent Congressional Budget Office on what this shutdown was costing.
The report was eye-opening. We lost $11 billion, and there are billions of dollars we will never be able to earn back.
Here are the headlines:
The government shutdown cost the economy $11 billion, including a permanent $3 billion loss (CNBC)
Shutdown cost the U.S. $3 billion that won’t be recovered, CBO says (Politico)
Government shutdown cost economy $11 billion, budget office says (NBC News)
US shutdown cost $3bn, says CBO (BBC News)
This shutdown has damaged our economy and put the livelihood of millions of Americans at risk, and there is a chance that the government will be shut down again in a few weeks. We should never hold the economic security of our nation or the American people hostage over policy disagreements. That is not how governing works.
I am ready to sit down and get to work on bipartisan legislation to address border security and immigration reform.
By filling out the survey in this email, you can share your thoughts with me directly and subscribe to my e-newsletter.
Sincerely,
Tom O’Halleran
