For more than a month we kept hearing that OMG THE WORLD IS ENDING BECAUSE 800,000 FEDERAL WORKERS NOT PAID! And I thought 800,000 sounded high considering the small percentage of agencies involved. But, whatever.
And it was going to wreck the economy and cause a recession. Which sounded odd, so I looked up the numbers of those employed in the US: 129,630,000 full time.
If I did the math right that meant that 0.6% of the US work force was delayed in getting paid. How does less than 1% having a delay in pay damage the entire nation's economy? Sure, it has the potential to affect the employees concerned and a circle of vendors they use, but the whole U.S. economy?
Then last week I heard a couple things that got my attention. First, it appears that 800,000 is an exaggeration. It was more like 350,000. That means less than 0.3% of the US workforce was affected. Second, economic numbers for the affected time frame came out - and the economy boomed.
I assume they've moved on to a different narrative by today. Being shown to be wrong over and over again doesn't seem to phase them.
Sadly the Coasties weren't getting paid. They should be MILITARY, not under DOT FFS... sigh
ReplyDeleteYes - the dems wouldn't vote for the bill to pay them.
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