There is a piece of the government shutdown narrative that I think many people have missed over the last seven days.
A government shutdown does not save money; it actually costs MORE money than if the government were to remain open for business. This NYT opinion piece makes the point well: http://www.nytimes.com/2013/10/03/opinion/the-cost-of-the-shutdown.html
Furthermore, when the government ‘shuts down’ it doesn’t really shut down. Only about 20% of federal employees have been furloughed, and they are likely to receive back-pay. So, we end up paying for the work that we aren’t letting them do.
Unfortunately, much of the dialogue has been about managing the optics of the shutdown – for the President, House and Senate – and not about the reality that this shutdown is not only an inconvenience and a distraction, but it is adding to our nation’s debt crisis.
Would like to know what you think. Leave a comment here, or on Twitter.
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John B. Wood
John B. Wood is CEO and Chairman of Telos Corporation.
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