A new report by a statistics professor at Washington University in St. Louis estimates that the 35-day partial government shutdown cost seven times more than the $5.7 billion that President Donald Trump requested for a border wall on the U. S.-Mexico border.
A new report by a statistics professor at Washington University in St. Louis estimates that the 35-day partial government shutdown cost seven times more than the $5.7 billion that President Donald Trump requested for a border wall on the U. S.-Mexico border.
Liberty Vittert, who is also an ambassador for the Royal Statistical Society, writes that estimates for the cost of the shutdown per day range from $52 million to $360 million.
Through a series of calculations, Vittert estimates that the cost “associated with our furloughed federal workers is about $5 billion,” which includes both the amount of money that the government workers missed out on, as well as the amount of money that was not spent in the economy as a result.
Vittert also notes that disruptions to the economy that were caused by the shutdown cost significantly more than the cost of the furloughed workers.
