Posted on May 23, 2023
Bryan Mena on LinkedIn: US cities with military bases risk economic damage in debt ceiling fight...
348
11
2
5
5
0
https://www.linkedin.com/posts/bpmena_us-cities-with-military-bases-risk-economic-activity [login to see] 762851329-xqNO?utm_source=share&utm_medium=member_android
Bryan Mena on LinkedIn: US cities with military bases risk economic damage in debt ceiling fight...
Posted from linkedin.comPosted in these groups: 
Economy
Economy
Posted 1 y ago
Responses: 2
2
2
0
Lt Col John (Jack) Christensen
"NEW for CNN: The United States could default on its debt in less than two weeks, and cities with a large military presence risk an economic firestorm if lawmakers don’t act.
Workers on government payrolls, such as military personnel, likely wouldn’t get laid off if a default drags on, according to an analysis from the Brookings Institution, but their payments would probably be delayed
Those workers could get stuck pulling from their savings accounts or relying on credit to make everyday purchases. They could also make “drastic spending cuts” on discretionary purchases, such as dining out or watching films, hurting local businesses."...
"NEW for CNN: The United States could default on its debt in less than two weeks, and cities with a large military presence risk an economic firestorm if lawmakers don’t act.
Workers on government payrolls, such as military personnel, likely wouldn’t get laid off if a default drags on, according to an analysis from the Brookings Institution, but their payments would probably be delayed
Those workers could get stuck pulling from their savings accounts or relying on credit to make everyday purchases. They could also make “drastic spending cuts” on discretionary purchases, such as dining out or watching films, hurting local businesses."...
(2)
(0)
2
2
0
It will definitely hurt if pay is delayed even a day as do many suffer food insecurity and housing insecurity if they live off post.
(2)
(0)
Read This Next
Continue with Facebook 
Continue with Google