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Govt Spent 90bn Since Beginning of "shutdown"

jonny5

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https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13100300.pdf

206bn spent since beginning of the month, minus 117 bn in debt payment (after 106bn borrowed), equals about 90bn spent. About half of this is Social Security and Medicare, but the other half is

2bn to defense vendors
2bn to education dept
2bn to federal salaries
3bn to HUD
1bn each to Energy, Food Stamps, HHS, unemployment, veterans. Billions more to other depts.

Thats just in 4 business days. Not much of a shut down. The govt avgs about 10bn a day when not 'shutdown'. Then you have stories like this



Brianna Ehley
The Fiscal Times


October 2, 2013




Just hours before Congress shut down the federal government and put hundreds of thousands of federal workers out of work, the Pentagon quietly went on a shopping spree and spent billions.



The Defense Department awarded 94 contracts totaling more than $5.5 billion on everything from Mercedes-Benz trucks and robot submarines to a new gym at the Air Force Academy, complete with a television studio, Foreign Policy first reported.
- See more at: http://www.thefiscaltimes.com/Artic...-Shutdown-Spending-Spree#sthash.IB2BHIif.dpuf
 

iacardsfan

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Well this is one reason why there is no reason to freak out of a "shutdown". The "shutdown" is a media term that scares the s*** out of people. It's more of a slimdown.
 

head of joaquin

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Yeah, because the money won't run out without issuing more bonds. It's magic!
 

Deuce

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Well this is one reason why there is no reason to freak out of a "shutdown". The "shutdown" is a media term that scares the s*** out of people. It's more of a slimdown.

By sheer coincidence, you used the same term that Fox New has been pushing!
 

iacardsfan

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By sheer coincidence, you used the same term that Fox New has been pushing!

oh really haha? I don't even watch fox news....
 

jonny5

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Well this is one reason why there is no reason to freak out of a "shutdown". The "shutdown" is a media term that scares the s*** out of people. It's more of a slimdown.

Exactly, its accurate to say some things are shut down, but the govt themselves actually call it a 'lapse in funding'. The truth is 60% of the govt is mandatory spending, and can not be shut down without passing a bill ordering it. However, looking at the Treasury reports, I was hoping we would actually see some savings. Which Obama would then take credit for.
 

Wiseone

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https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13100300.pdf

206bn spent since beginning of the month, minus 117 bn in debt payment (after 106bn borrowed), equals about 90bn spent. About half of this is Social Security and Medicare, but the other half is

2bn to defense vendors
2bn to education dept
2bn to federal salaries
3bn to HUD
1bn each to Energy, Food Stamps, HHS, unemployment, veterans. Billions more to other depts.

Thats just in 4 business days. Not much of a shut down. The govt avgs about 10bn a day when not 'shutdown'. Then you have stories like this

What's known as "end of the year" spending is nothing new, where you fantically spend your entire budget right before the start of the next fiscal year. Its a rediculously stupid policy with easy solutions such as "why not just roll the move over to the next year?"

As much as I hate the government shutdown I cannot deny that there's a massive culture of waste when it comes to government money.
 
S

shaaneson

The "shutdown" is a media term that scares the s*** out of people. It's more of a slimdown.:shock:
 

jonny5

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What's known as "end of the year" spending is nothing new, where you fantically spend your entire budget right before the start of the next fiscal year. Its a rediculously stupid policy with easy solutions such as "why not just roll the move over to the next year?"

As much as I hate the government shutdown I cannot deny that there's a massive culture of waste when it comes to government money.

THat was just one example. NBC is also reporting on how the shutdown is anything but

Despite shutdown, most federal spending continues until debt limit is reached - NBC Politics

By Tom Curry, National Affairs Writer, NBC News

The partial government shutdown will inconvenience millions of Americans -- national parks and monuments will close, hotels and restaurants that depend on tourism will lose business, and tens of thousands of federal workers will be furloughed while payments to some contractors may be stopped or delayed.

But the impact of the government shutdown will be fairly limited and manageable compared to what would happen if Congress and President Barack Obama cannot agree on how to raise the government’s borrowing limit before it is finally reached in about three weeks.

For now, most Americans who rely on federal benefit payments will be unaffected.

Fifty-seven percent of all federal spending is mandatory spending on programs such as Social Security, Medicare, and benefits for retired federal employees.
 

head of joaquin

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The "shutdown" is a media term that scares the s*** out of people. It's more of a slimdown.:shock:

Oh denialism. It runs deep in the teaparty personality.
 
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