By Carrie Dunn, Political Reporter,NBC News
According to the Office of Management and Budget, the two shutdowns in 1995 and 1996 cost taxpayers $1.4 billion combined. Adjust for inflation and you’ve got $2 billion in today’s dollars.
Those two shutdowns lasted a total of 27 days, but there’s no telling how long the government could be shuttered this time around if Congress fails to act by Monday at midnight. Even shorter shutdowns have proven successful at draining government funds.
In the immediate aftermath of the first government shutdown in 1981, the most conservative estimate – conducted by the General Accounting Office (now called the Government Accountability Office) — put the cost of shutting the government down for a single day at $8.2 million, or almost $21 million in today’s dollars. A House panel later concluded that the day-long furlough cost taxpayers 10 times more than that.
- A government shutdown will cost us billions (washingtonpost.com)
- A Government Shutdown Would Actually Be Bullish (businessinsider.com)
- Jobs report may be delayed by government shutdown (star-telegram.com)
- Has the World Come To an End During the SEVENTEEN Other Government Shutdowns? (iowntheworld.com)
- Government shutdown 2013: Agencies told to pepare for possible work stoppage (wjla.com)
- LIVE: Pres. Obama on possible shutdown (wxyz.com)
- In Government Shutdown, Congress Members Still Get Paid While Federal Workers Wait In Limbo (tribalgirl64.newsvine.com)
- Fun Facts About The Looming Government Shutdown (addpolitics.wordpress.com)
- Possible government shutdown spooks investors (bizjournals.com)
- Government Shutdown Looming (globefrombismarck.wordpress.com)