Posted by DigiNomad on 19th of May 2023 at 03:33 pm
In FY 2022 total government spending was $6.27 trillion and
total revenue was $4.90 trillion. Failure to get a debt deal
would just force austerity down to a spend level of 4.9
Trillion. I promise that leaves plenty of room to pay treasury debt
and social security and medicare. From experience, they will
furlough a bunch of Fed employees first, shut down national parks,
and stop non essential contract spend (the part I implement in my
old position). It's not good, but we will pay our debts and support
seniors.
Posted by DigiNomad on 19th of May 2023 at 03:41 pm
Typically, yes. Congress has always passed a bill (post
shut down) for retroactive payments to Gov employees furloughed
when they were deemed "non essential." I don't expect that to
change this time, nor do I think it really should.
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In FY 2022 total government
GOP walks out of talks.
Posted by DigiNomad on 19th of May 2023 at 03:33 pm
In FY 2022 total government spending was $6.27 trillion and total revenue was $4.90 trillion. Failure to get a debt deal would just force austerity down to a spend level of 4.9 Trillion. I promise that leaves plenty of room to pay treasury debt and social security and medicare. From experience, they will furlough a bunch of Fed employees first, shut down national parks, and stop non essential contract spend (the part I implement in my old position). It's not good, but we will pay our debts and support seniors.
Sounds right... don't forget they
Posted by fredsaid on 19th of May 2023 at 03:39 pm
Sounds right... don't forget they will ensure they pay themselves as well.
Typically, yes. Congress has always
Posted by DigiNomad on 19th of May 2023 at 03:41 pm
Typically, yes. Congress has always passed a bill (post shut down) for retroactive payments to Gov employees furloughed when they were deemed "non essential." I don't expect that to change this time, nor do I think it really should.