Posted at: 09/30/2013 11:31 PM
By: Dan Levy
ALBANY - Just after 9 p.m. Monday night, Kinderhook Rep. Chris Gibson sounded somewhat encouraged when the House of Representatives passed legislation that would keep the government running through Dec. 15.
"It wasn't perfect but it was simple, fair, and reasonable compromise that did have nine democratic votes," Gibson said by phone.
Within 30 minutes of that House vote, the Senate quickly turned thumbs down.
"I think, in general, people are frustrated with the whole process that's going on in Washington," local financial planner Lisa Clifford said.
Clifford says she's not worried about a government shutdown having a dramatic impact on investments, even if Wall Street has already reacted to Monday's uncertainty and volatility with a down day.
"What we really try to do is counsel our clients to be focused on the long term goals and not focus on the short term problems in Washington," Clifford reiterated.
But clearly, Washington's problems can become America's problems, perhaps overnight.
Even though Medicare and Social Security payments will still be made, mail will still be delivered and military personnel will continue to get paid for their duty, passports and federal housing loans will be delayed and national parks will close down.
At the Saratoga National Historical Park, they've already notified employees who won't have to show up for work.
"There's probably going to be about 28 employees furloughed as a result of this action," said park Superintendent Joe Finan.
As for new homeowners showing up at HUD, hoping for a loan, there could be problems there.
"The challenge is that 96 percent of their staff is going to be laid off. So how do you do the same amount of applications with three percent of your workforce?" Clifford asked rhetorically.
The clock is ticking.