So... will we still be in shutdown when the debt limit is reached?

[cthulu2016]

It is blithely assumed that these things always blow over somehow and that we will get past hurdle A before getting to hurdle B two weeks later.

But that is not guaranteed.

As things stand today, barring something changing, we will be sitting around in a government shut down when we also happen to run into the debt ceiling.

Just add it to the growing list of things nobody ever thought needed to be covered in Civics class.

[Recursion]

1. A shutdown pushes the debt ceiling back by IIRC another month

Which would be mid-November. (Assuming the shutdown lasts that whole time. At which point I'll have either starved or died of malaria, so I don't really care, personally...)

OTOH, a shorter shutdown ends up costing more than keeping the government open, so a shutdown of say a week brings the debt ceiling forward by some yet-to-be-calculated amount. Ugh.

[Tien1985]

2. What I want to know is

What exactly happens if we hit the debt ceiling? What kind of trouble does it cause.

[Recursion]

5. Nobody knows

IMO the most likely option is that the Federal Reserve simply lets us run a debit (if you're your bank's biggest customer and in fact boss, do you really think they're going to bounce your check?).

Alternately, government checks bounce. The possible results of this range from extremely irritating to "end of the world" kind of stuff.

Alternately, the government stops attempting payments. That's pretty much definitely end of the world stuff.

Alternately, the President raises it on his own authority. Expect impeachment in that case.

[dsc]

3. in theory a shutdown should delay the debt limit crisis

as we wouldn't be spending nearly as much money but we would be taking in nearly all of our income.

[Recursion]

4. A *continued* shutdown does

A shorter shutdown is actually more expensive than keeping the government open, oddly enough.

Also, we do lose some revenue during a shutdown (visa applications, for one that I happen to be involved with, plummet, and Parks revenue goes away).

[dsc]

6. true

but I figure withholding which would continue has to be well over half our total revenue (Medicare, SS, and Income taxes), add in the various excise taxes and such that companies have to pay and I figure we should be pushing into the 80 percent range. In contrast, we would have fewer expenses, but since we do run a deficit, it may not actually slow it by that much come to think of it. If the shut down is long enough, it would delay pay for many employees until after the debt ceiling, that would delay it I would think.

[99Forever]

7. It's all Kabuki Theater.

Distract us while they bend us over and have their way with us.

[pkdu]

8. I love Japanese-Afghan art forms ...nt

[99Forever]

9. (Thanks)

.. for the humerus heads up. Proofreading is good thing.