Monday, April 11, 2011

GOVERNMENT SHUTDOWN, DEBT CEILING, STOP THE PRESSES ... WHERE'S THE LIQUIDITY?

FOR A HISTORY OF THE DEBT CEILING ... CLICK 


Shutdowns of the past

On 17 occasions since September 1976, Congress has allowed appropriations to lapse, requiring the government to begin shutting down non-essential operations.
Fiscal Year 1977
• The government shut down on Thursday, Sept. 30, 1976, for 10 days.
Fiscal Year 1978
• The government shut down on Friday, Sept. 30, 1977, for 12 days;
• Monday, Oct. 31, 1977, for eight days; and on
• Wednesday, Nov. 30, 1977, for eight days.
Fiscal Year 1979
• The government shut down on Saturday, Sept. 30, 1978, for 17 days.
Fiscal Year 1980
• The government shut down on Sunday, Sept. 30, 1979, for 11 days
Fiscal Year 1982
• The government shut down on Friday, Nov. 20, 1981, for two days.
Fiscal Year 1983
• The government shut down on Thursday, Sept. 30, 1982, for one day; and on
• Friday, Dec. 17, 1982, for three days.
Fiscal Year 1984
• The government shut down on Thursday, Nov. 10, 1983, for three days.
Fiscal Year 1985
• The government shut down on Sunday, Sept. 30, 1984, for two days; and on
• Wednesday, Oct. 3, 1984, for one day.
Fiscal Year 1987
• The government shut down on Thursday, Oct. 16, 1986, for one day.
Fiscal Year 1988
• The government shut down on Friday, Dec. 18, 1987, for one day.
Fiscal Year 1991
• The government shut down on Friday, Oct. 5, 1990, for three days.
Fiscal Year 1996
• The government shut down on Monday, Nov. 13, 1995, for five days; and on
• Friday, Dec. 15, 1995, for 21 days.
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