Submitted by TFryer on Fri, 01/19/2018 - 10:34
Much has been written about the cost of these budget uncertainties, particularly around lost labor hours (6.6 million furloughed days as a result of the 2013 shutdown) and the economic impact to both the public and private sectors through lowered job creation, reduced output, and other costs. For example, Philip Joyce’s report, The Costs of Budget Uncertainty, gives both a historical context to past shutdowns and CRs and what impact these have had. Worth consideration, though, is not just the tangible costs of budget uncertainty, but the impact to the intangibles such as innovation.
