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The “So-Called” Government Shutdown

October 4, 2013 By Richard C. Young

CatoThe government continues to intrude into the daily lives of Americans. The government is not shut down—far from it. Here Cato Institute’s Ted DeHaven underscores the nature of the shutdown.

It’s looking like it will take a week or more for Republicans and Democrats to reach an agreement to “reopen” the federal government. Regardless, with each passing hour a resolution necessarily becomes closer at hand because a so-called “government shutdown” effectively means that a budgetary impasse in our two-party dominated system has reached the end stage.

I say “so-called” government shutdown because most federal activities will continue and most federal employees will continue to work. If you had plans to visit Yellowstone National Park, you’re out of luck until the government reopens. However, the NSA will continue to track our private conversations, the military will continue to expend blood and treasure protecting the interests of wealthy allies, and the federal entitlement system that’s the source of our future fiscal imbalances will continue to pump out the checks.

So while it is true that some of the federal leviathan’s tentacles will take a brief respite, its reach into practically every facet of our lives will continue largely uninterrupted.

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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