The US Has A Massive Spending Problem

"Goldman Sachs analysts also estimated that every week the federal government is shut down subtracts about 0.2 percentage points from the gross domestic product."

"a government shutdown would delay official statistics like these September jobs report or Consumer Price Index which the Federal Reserve uses to determine whether or not they're going to raise rates which right now is just four more weeks away"

"on August 1st the credit agency Fitch downgraded the US in terms of its future outlook going from What's called the Triple A rating to a double A Plus"

"if the US is considered to be a risk then they must pay higher interest rates to entice investors which means more money going out less money coming in"

"Moody's would not be impacted in a short-lived shutdown would be unlikely to disrupt the economy it would underscore the weakness of U.S institutional and governance strength relative to other AAA rated sovereigns that we have highlighted in recent years"

"looking ahead weaker fiscal policy making that leads to persistently High fiscal deficits and higher than expected interest costs would put pressure on the U.S rating or Outlook almost implying that it's a matter of time until it eventually happens anyway"

"my belief is that in a last possible minute right before a shutdown would occur they will magically come to an agreement to fund the government using an emergency bill for the next four to six weeks giving them more time to argue back and forth"