Impact of the Federal Government Shut Down

Not only did the attack of 9/11 physically, emotionally, and physiologically hurt U.S citizens, but it also hurt America economically, culturally, and health wise. After the attack happen, the U.S stocks lost $1.4 trillion in valuation for the week. In New York City, about 430,000 job-months and $2.8 billion dollars in wages were lost in the three months after the attacks. The economic effects were mainly on the economy's export sectors. The city's GDP was estimated to have declined by $27.3 billion for the last three months of 2001 and all of 2002. The U.S. government provided

State legislators slashed more than $121 million from college financial aid programs alone. TEXAS grants, the state’s financial aid program for needy students, now serves 29,000 fewer students than it did previously. College administrators have reported losing highly qualified students to private or out-of-state

This eventually affected big companies, which led in decrease in production and fired many employees. The unemployment rose higher than twenty five percent, which meant less money to hover up this economic situation.

State legislators slashed more than $121 million from college financial aid programs alone, leaving 29,000 students without the possibility of receiving aid from TEXAS grants, the state’s financial aid program for needy students. Since Texas colleges and universities were also cut 9 percent by the legislator, they were forced to raise prices for students. Due to the uncertainty of the Texas financial aid, many college administrators reported losing numerous highly qualified students to out-of-state universities and colleges and many families have lost the ability to pay for tuition because of the lack of resources.

When the stock market crashed and the worries regarding more economic decline, people from all classes stopped purchasing consumer products. Which lead to reduction in consumer products being made, this caused a reduction in the workforce. As people lost their jobs they were unable to pay for the items that were bought on credit. The unemployment rate rose and cause even less spending to assist to lesson the economic situation.

the prices went up, causing many financial issues for the people living there. Some people in

1. Banks became bankrupt, workers were laid off, and millions struggled to get a bite of food in Bread Lines

Colleges everywhere in the United States are disquieted that ending the Summer Pell Grant program may have a lingering impact on college completion and enrollment. Summer enrollments at several community colleges, as well as at some public establishments, have decremented the first full summer without the year-round Pell Grant that become offered on July 1, 2009 and complete July 1, 2011. Studies show that students are more liable to stay in school and consummate their degrees once having availing pay for the complete year. “It’s a conundrum in which the government wants to increase the number of people with university and college degrees, while at the same time telling students that “If you take more credits during the summer, we’re not going

According to NBC News’ article, “Sorry, we’re closed: Government shutdown ripples across the country,” published on October 1, 2013, written by Matthew DeLuca, it describes how many of the general population were affected when Congress members failed to reach a consensus regarding the government’s finances and budgets. The Senate rejected laws proposed by the Republican portion of the House, which led to delays in the cancellation of the Affordable Care Act. This shutdown lasted sixteen days, which angered many people. People were upset over the fact while they were going to work, the government workers were not showing up for work. During the shutdown, many Senators’ offices were closed, meaning they weren’t able to respond to requests from

The economy decreased. The economy decreased because people had lost their jobs and their love ones. They couldn't buy or sell any products. They was depending on their families. But now a days people or losing their jobs because of the salary, hours or they just don't do

After the shutdown some research was done to see just which states where hit the hardest. According to NBC Washington Virginia was the state that had the hardest impact from the shutdown. Many of Virginias mortgage loans, on real estate, where backed up with federal funds causing many houses to foreclose. Virginia was also pushed to the top of the list by being the second largest state that houses the most veterans. All of this shows that the people in Virginia where impacted the worst from the shutdown.

This study deals with the impact of furloughs on non-furloughed federal worker's job satisfaction levels. Furlough is a budgetary problem that impact government programs and services by increasing workloads and absenteeism to the identified non-furloughed federal workers. The threat of furlough and furlough itself is a problem to the organizations in the form of poor performances; increase work stressors and emotional strain. The problem to be addressed is the negative impact of furloughs on non-furloughed federal workers, predominately GS employees and excepted contractors. The purpose of this study is to examine the negative impact of furlough on the job satisfaction levels of the identified non-furloughed federal workers. To help non-furloughed

With the economy falling in shambles and companies defaulting on loans, nearly all private and corporate investment ceased. Companies couldn’t afford to expand, and in fact, many had to consolidate in order to cover the margins on their loans. This meant postponing hiring and laying workers off, which caused unemployment to skyrocket. With people now willing to work for less money, wages lessened too. At the same time prices rose in an attempt by companies to make some amount of profit off the goods.

Several times people are affected emotionally or economically, when it the City Of New York reduces how much they get to spend on food. Multiple times people get less money to spend on food just because their are over the mount that they shouldn't be making, even if is by some cents. Even though sometimes people get a raise on the payments at their job, sometimes they it's not much and they still need the help that the city is providing them and the same amount of money to spend on food. Therefore is a big impact on the client, they would need to find others ways to get the money or the food they need to survive. In addition sometimes this types of event makes people get worried, even sometimes they can get sick, because they would start buying

Tons of people saw the stocks falling, literally. People were trying to hurry and get rid of their stocks they bought to try and save some of their money. When more and more people were getting rid of their stocks it just made the situation worst. J.P. Morgan tried to save the economy by putting billions of dollars in certain banks.