Politics

This is How Much Money Chuck Schumer and Nancy Pelosi Just Stole From You

Crooks and liars. That’s the only way to describe the Democrat Party leadership these days.

Chuck Schumer, Nancy Pelosi and all their ilk claimed to be working for the American people when they partially shut down the government over the past month.

But, statistics published by a professor at Washington University in St. Louis estimates that the 35-day government shutdown cost the nation an astounding $40 billion.

Prof. Liberty Vittert, who is also an ambassador for the Royal Statistical Society, wrote for Fox News:

Standard & Poor’s has estimated that this shutdown will cost the American economy $6.5 billion per week – a figure they based on data from previous shutdowns. This estimate includes the reduction in spending by furloughed federal workers (though not their actual pay), as well as other trickle-down effects: lost business and revenue to private contractors, fewer vacations and school trips due to park closures, etc. That puts us at about $32 billion just for basic economic disruption.

And remember: money not earned is not taxed. So that $32 billion doesn’t take into account the loss of federal tax dollars. At the current rate of 17 percent, that’s another $5.4 billion.

Lastly, but certainly not least, is the lack of regular services that we are all having to endure.

Altogether, I estimate that the 35-day shutdown cost the American public somewhere around $40 billion. And that economic damage doesn’t include the unquantifiable damage being done to the 800,000 people who are going without a paycheck.

That’s how much Schumer and Pelosi effectively stole from OUR tax dollars.

What’s more astounding is that, as Vittert pointed out, Trump was only asking for $5.7 billion to fund the border wall. The amount of money the Democrats just lost us could have paid for that wall and funded its maintenance for the next 40 years!

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