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What Happens If The Government Shuts Down Tomorrow? Goldman Explains
• zerohedge.com by Tyler DurdenWith just over 24 hours left until the US Federal Government may be shut down on Friday night should Republicans and Democrats fail to reach a "stop-gap" spending bill, something which is increasingly likely after Mitch McConnell said he is "planning for a government shutdown", clearly a political gambit yet one which may backfire and result in precisely what it is meant to avoid, the question then is what happens next.
Conveniently, this morning Goldman answers precisely that question.
But first, here is how the vampire squid handicaps the odds of a government shutdown today: as Hatzius et al write, "there appears to be a substantial chance of a government shutdown at the end of the week. At the moment, we believe the odds of a lapse in spending authority after Friday, January 19, stand at around 35%."
Here Goldman appears unduly optimistic...
WHITE HOUSE SOURCES PEG CHANCES OF GOVT SHUTDOWN AT 50%: FOX
1 Comments in Response to What Happens If The Government Shuts Down Tomorrow? Goldman Explains
It simply starts back up in a few days. Why? Because the people aren't organized enough to push back against the military that will keep the people from shutting it down for good.