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Wednesday, October 2, 2013

Don Lee — A government shutdown could hurt economy more now than it did in 1995

The last time the federal government shut down, for three weeks in the winter of 1995-96, the American economy felt a jolt but recovered quickly.
Things don't look anywhere near as promising this time around.
The nation is currently more than four years into an economic expansion with some momentum behind it. That also was the case in 1995. But this time, things are a lot more fragile.
The GOP doesn't seem to have factored this in when they expect a shutdown not to affect the economy.

McClatchy
A government shutdown could hurt economy more now than it did in 1995
Don Lee — Tribune Washington Bureau


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