Sixteen days later, the government shutdown saga has finally come to an end. Last night, President Obama signed a deal that not only extended the federal government’s funding and thus ended the shutdown, but also included a debt-limit increase to avoid yet another debt-limit crisis. It isn’t a perfect solution, since come January we will have yet another debt-limit deadline looming, but there is a lot to be learned from this – hopefully our politicians learned the right lessons. Both Democrats and Republicans should be able to negotiate on tough matters without the threat of economic collapse.
This shutdown happened mainly due to efforts to delay Obamacare. Ironic then, that the estimated total cost of all Obamacare subsidies next year will be $26 billion, and according to Standard and Poor’s, the shutdown itself cost our economy $24 billion. Has the GOP actually accomplished anything by this shutdown? Both sides of the media recognize the same winners and losers as a result of the deal. Besides the hit to our economy, it seems the only other thing accomplished are a hit to the GOP’s poll numbers for many seats in the House and the Senate.
New Republic’s article makes a great point however, will this event actually translate to political gains for the Democrats in next year’s election? With so many events unfolding the last 13 months, from the election and the fiscal cliff, to Newtown, the sequester, NSA, and Syria, it’s possible the shutdown may be long forgotten in the minds of voters come November 2014; especially for Republican-leaning voters who have the choice between their current congressman and the prospect of a majority Democratic House. Here is the breakdown of votes for the deal, so that we may remember these politicians when their next elections roll around.