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Government Shuts Down Tomorrow Night |
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Dear Reader, |
Fiscal year 2025 concludes tomorrow, Sept. 30. |
With it, the United States government's ability to remain in funds. |
Absent a congressional accord to extend funding provisions… the federal government will partially shutter on Wednesday, Oct. 1. |
Online betting forum Polymarket presently gives 60% odds that the partial shuttering will transpire. |
Similar betting forum Kalshi gives 58% odds that the partial shuttering will transpire. |
At issue is a "continuing resolution" that would keep Uncle Samuel up and going until Nov. 21. |
Both Republican and Democratic factions are locked in fevered negotiation. |
It All Comes Down to Partisan Politics |
I concede, the particulars do not particularly interest me. Yet should they concern you, here CNN draws the overall sketch: |
The top four congressional leaders [are meeting] with President Donald Trump at the White House on Monday, multiple sources told CNN, as Washington works to avoid a looming government shutdown… |
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Although Republicans control Capitol Hill and the White House, they need at least seven Democrats in the Senate to join them to pass a spending package under the chamber's rules. |
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[Sen. Chuck] Schumer, however, is demanding that any funding bill contain an extension of the enhanced Affordable Care Act premium subsidies, along with several other items, to get his party's support. GOP leaders want an extension of funding for seven weeks, with additional money for security for the legislative, executive and judicial branches. |
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Trump Plans to Actually Fire Federal Workers |
Government "shutdowns" — the quotation marks are necessary — in essence constitute paid vacations for furloughed federal employees. |
These employees receive, invariably, backdated compensation for their time spent upon the couch, looking at the television. |
Yet under the administration's proposal, many will not return to their posts. They will instead be handed pink-colored paper slips. |
Again, CNN: |
The White House budget office is telling federal agencies to prepare plans for mass firings in the event of a government shutdown — an apparent threat by the Trump administration amid a standoff with congressional Democrats over federal funding. |
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The directive, outlined in an Office of Management and Budget memo to agencies… represents a sharp break from the government's handling of past shutdown scenarios. |
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In the memo, OMB directs agencies to identify programs whose funds will lapse if Congress fails to meet the September 30 funding deadline and that have no alternative source of funding. |
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Those programs should then be targeted for sweeping reductions in force that could permanently eliminate jobs that are deemed "not consistent" with President Donald Trump's priorities. |
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Sorry, But They Need to Go |
Despite all outward appearance — and I do mean all outward appearance — I harbor a soul. The milk of human compassion courses through me. |
Thus I am in deep and sincere sympathy with federal employees who may be thrown into unemployment. |
Many head families. And a family should have a head. |
Yet I do not exaggerate when I argue that the heaping majority serves little to no productive purpose. |
Their function is extractive. It is not productive. |
I argue they should be directed towards productive employment within the private sector… where possible. |
Yet to what effect? |
It Probably Won't Stand |
I hazard the administration's mass axings will be challenged in federal court — and successfully challenged in federal court. |
The calamity-howlers within government will argue that a shutdown will invite Chaos and Old Night. |
Horror upon horror will ensue, they shriek. |
Its terrors would fan in ever-expanding circles. It will lay economic waste to all who fall within them. |
Will it? As I have argued before: |
Elected officials fear government shutdown not because it injures the American people — but precisely because it does not injure the American people. |
In event of shutdown, the American people would begin to raise… questions. |
Why Do We Need These Useless Programs? |
"The National Endowment for the Arts has been shuttered for three months? I haven't noticed. Why do we have one again?" |
"The Peace Corps is idle? The world isn't very peaceful these days. It's clearly failed at its mission. Maybe it's time to end it." |
"The Office of Government Ethics? Is that some kind of joke? Might as well have an Office of Circular Squares. Why are we paying for this nonsense?" |
Even Wasteful Spending Creates Demand |
Drummers for wasteful government argue wasteful spending is not truly wasteful. |
They say government spends money that stimulates the broader economy. |
That government spending, therefore, creates "demand." |
Thus the "wasteful" spending to which you may object represents an economic stimulant. |
If government did not spend that money, they argue, the gross economic product would endure a contraction — and perhaps a severe one. |
Yet I am fond to cite this one example… |
Does This Make Sense? |
Assume the United States government pays a fellow to shovel a hole. Assume further that it pays the same fellow to shovel that hole back in. |
In the official telling, you have just witnessed an expansion of the gross domestic product. |
Have you? Or have you merely witnessed a reduction of the gross domestic product? |
I maintain that you have merely witnessed a reduction of the gross domestic product. |
The gross domestic product has expanded, it is true, officially. |
Yet nothing got done. Not one thing. |
I maintain — with adamance — that vast amount of government enterprise sorts into this category. |
Thus I am heart and soul for a partial government shuttering come Wednesday. |
Yes… that shuttering may be limited. Very little may come from it. |
Yet do not forget: |
The thousand-mile journey commences with the single step. |
Regards, |
Brian Maher |
for Freedom Financial News |
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I would never — ever — say that. But… |
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How? |
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