WASHINGTON - The government shutdown comes with a hefty price tag - $300 million per day, according the economic consulting firm IHS Global Insight. The figure translates to about $12.5 million an hour, or roughly $1.6 billion a week, while the government is closed. The IHS analysis, shared with ABC News, accounts only for the lost wages and productivity from the nearly 800,000 furloughed federal workers. The calculation assumes an average annual salary per employee of $110,000 - essentially classifying that lost income as lost U.S. economic output (GDP) in the interim. WOW!!! Estimated average government employee is $110,000!!! I think we are paying way too many taxes and the funds need to go paying the $16trillion we already owe.
Posted on: Wed, 02 Oct 2013 01:01:35 +0000