Government shutdowns can have a significant impact on the US economy and public trust in the government. They can also damage the US's global standing.
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Government shutdowns can lead to a decrease in economic activity. This is because many businesses rely on government contracts and services. Government shutdowns can also lead to job losses and a decrease in consumer spending.
A study by the Congressional Budget Office (CBO) found that the 2013 government shutdown reduced US economic growth by $0.3 percentage points. The CBO also estimated that the 2018-2019 government shutdown reduced US economic growth by $11 billion.
Government shutdowns can also damage public trust in the government. When the government shuts down, it is a sign that the government is dysfunctional and unable to perform its basic tasks. This can lead to a decrease in public confidence in the government and its ability to serve the needs of the people.
A poll by the Pew Research Center found that 72% of Americans disapproved of the way the federal government handled the 2013 government shutdown. The poll also found that 61% of Americans disapproved of the way the federal government handled the 2018-2019 government shutdown.
Government shutdowns can also damage the US's global standing. When the US government shuts down, it is a sign that the US is a politically unstable country. This can make it difficult for the US to conduct foreign policy and to maintain its credibility with its allies and partners.
A poll by the Pew Research Center found that 67% of foreign adults believe that the 2013 government shutdown made the US look less responsible in the world. The poll also found that 63% of foreign adults believe that the 2018-2019 government shutdown made the US look less responsible in the world.
Government shutdowns can have a significant negative impact on the US economy, public trust in the government, and the US's global standing. It is important to avoid government shutdowns whenever possible.
