9th October 2013
Topline The Tea Party-fueled government shutdown is already negatively impacting Connecticut’s low-income and middle-class families, and has the potential to hurt our economy far into the future.
Small Businesses: A shutdown could delay financial support for Connecticut’s small businesses. In fiscal year 2012, the Small Business Administration’s loan programs approved 53,847 applications and supported 571,383 jobs. A shutdown would put a stop to this critical source of small business credit.
Military and Veterans: During the shutdown 12,828 service members in Connecticut will remain on duty, but will see their pay delayed if the shutdown extends for more than 10 days. Military members, veterans, retirees and their families are on pace to redeem more than $100 million in Supplemental Nutrition Assistance Program benefits this year and many service members, especially the most junior, are already living paycheck to paycheck.