Forget Politics, are we heading for a recession

[Mike M (the other one)]

(09-05-2023, 01:51 AM)pally Wrote: Hey Mike, I was simply stating what the Freedom Caucus has publicly stated.  If they block the legislation needed to fund the government by Oct 1, as required by law, because it doesn’t go far enough in slashing the budget and/or Kevin McCarthy doesn’t bend to their desire to impeach Biden, then the ensuing government shutdown can very easily topple to country into a recession. They’ve done it before in less perilous economic times.
The extreme cuts the Freedom Caucus wants would shove millions off the cliff into unemployment, homelessness and hunger, yank away healthcare (including those serviced by the VA), and thrust them into extreme poverty as essentially they only want to fund the DOD.  Democrats will never agree to that and frankly neither will the moderate Republicans. The Senate would never pass such a budget as that plan will destroy the economy.  But that won’t stop them from trying.
A government shutdown is a very real threat to the economy therefore pertinent to a discussion on whether we are heading for a recessionSr

Sorry, i got my threads crossed on this one and the Fix Homeless/Poverty one