Time is running out for the Democrats and Republicans. If they don’t make a decision by September 30, the government will shut down on October 1. There are a lot of rumors about what a shutdown could mean, and it can be hard to sort out the truth from the lies. So what will really happen if the government shuts down?
Well for one, a lot of government agencies will lose money during the shutdown and reopening process. According to the Congressional Research Service, the two previous shutdowns -- in late 1995 and early 1996 -- cost the country $1.4 billion.
What You Should Worry About
The shutdown won’t only affect government agencies, it could ultimately affect us all. Federal employees may find themselves out of work for several days or longer depending on how long the shutdown lasts.
Don’t think that no government offices mean no taxes, you will still have to pay your taxes like always.
Were you hoping to get a federal loan? It won’t be processed until the shutdown is over.
What You Don’t Have To Worry About
Some federal employees such as postmen and service members will still be working. Even though they are considered federal employees, they will still work, but they won’t be paid until the shutdown is over.
Do you receive Social Security? If so, don’t worry about getting your check. Social Security checks have been sent out during previous government shutdowns so it is highly likely you will still receive yours as planned.
A government shutdown is never a good thing and it can lower the moral of our entire nation, but we have seen it happen before. Hopefully the Republican and Democrats can come to a decision on government funding and Obamacare.
Image from Wikimedia Commons.