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.
The following two tabs change content below.
John B. Wood
John B. Wood is CEO and Chairman of Telos Corporation.
Latest posts by John B. Wood (see all)
- Trout Unlimited VSP – Veterans and Spouses Find Hope in the Water - 04/30/2015
- Collaborative Innovation - 03/31/2015
- Telos Supports the Tampa Bay 2015 Frogman Swim - 02/09/2015
- A Holiday Challenge: Make the World A Better Place - 12/22/2014