3 Ways the Government Shutdown forecasts a totally boring federal collapse | The Daily Bell
Posted by M. C. on January 27, 2019
Name one successful company that has 800,000 non-essential employees.
Imagine: the federal government collapses, poof, gone.
Maybe it’s 2034, the date the government admits it can’t pay it’s $50 trillion Social Security bill.
Or maybe it’s earlier. The national debt is at almost $22 trillion, plus the massive everything-bubble created by the federal reserve money printing. Those don’t bode well for the future of the dollar.
It is inevitable that all this debt and the debasing of the US dollar will eventually hurt.
The longest government shutdown in history is a tiny preview, a little case study on what is coming when the federal government shuts down for good.
When it can’t pay its bills, when it runs out of cash flow, or when the US dollar has no value, what will happen?
Will planes fall out of the sky, and terrorists wield AK-47s in the rapidly crumbling streets? Without USDA guidance, humans begin subsisting on dirt and tree bark.
Or… perhaps federal workers will find themselves a private sector job in the emerging gig economy.
Maybe state governments will step up to fill whatever services their voters think were necessary from the federal government.
And maybe we will see government agencies replaced by the private sector.
Sound too good to be true? Because all three of these things are already happening in response to the government shutdown.
1. Unpaid, furloughed government workers have started working gig jobs like temporary labor, security guards, renting rooms on Airbnb, and driving for Uber.
That’s the great thing about the gig economy, where people do contract work and get paid when they complete each task. You can easily jump in and start serving clients in whatever field you know best.
Name one successful company that has 800,000 non-essential employees…
2. Calfornia is paying unemployment benefits to federal workers.
This is actually in opposition to federal guidelines. They say it is fine to provide unemployment benefits to workers who are not being paid and are staying home, but not employees who still have to report to work.
If we can avoid the whole debate about the role of government for a moment, we could view this as an encouraging sign that states are willing to ignore the federal government and do what they think is best for the people of their state. We could use a bit more state power asserting itself against the feds…
San Francisco International hasn’t noticed the government shutdown, and its screeners are still getting paid. They aren’t experiencing long lines, mass call-outs for sick days, or lax security standards. They use private security.
22 US airports already use private security.
But airports have to get permission from the TSA to fire them and hire their own private security.
As USA Today points out, any organization has an incentive to protect its own record and budget. If the TSA sets the standards, it should definitely not also be carrying them out. Otherwise, it has an incentive to protect itself rather than the flyers.
Of course, this is all a massive conflict of interest, but that’s classic government for ya…
So when the day finally comes that the massive debts and liabilities can’t be pushed down the road any further, it won’t be the end of the world. People will quickly reorganize. The more freedom they have to work and spend as they see fit, the easier the transition will be…
Be seeing you
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