"It is absolutely wrong to shut down the government and to threaten to shut down the government over this issue,” said Governor Bob McDonnell almost two weeks ago, just before the federal government shut down.
McDonnell might be the leader of the state with the most at stake according to a study done by financial website WalletHub. The study says Virginia is the most impacted state by the federal shutdown
The results for the study are based on seven differently weighted metrics including federal workers per capita, federal contract dollars per capita, small business lending per capita, number of veterans per capita, real estate as a percentage of GSP, Social Security payments per capita, and student aid applications per capita.
Virginia ranks in the top five in the following per capita categories: most veterans, federal contracting dollars and federal employees.
More than 25 percent of the Fortune 500 companies in Virginia are government contractors.
Loudoun County is home to more than 9,000 government employees, many of whom are currently furloughed.
With so many employees furloughed or otherwise affected by the shutdown, the federal government stands to lose money, even though they are not currently paying federal employees.
The last government shutdown in the mid 1990s cost the government more than $1 billion according to the Congressional Research Institute.
Locally, more than $12 billion worth of government contracts were handed down in the 10th Congressional District in fiscal year 2011.
Another aspect of the study looked at states with a high level of veterans. Virginia currently has more than 800,000 veterans.
For the most part veterans healthcare is covered through the shutdown, as their health care is protected by a 2009 bill passed by Congress making sure the U.S. Department of Veterans Affairs would be funded a year in advance wrote Tom Tarantino, chief policy officer for Iraq and Afghanistan Veterans of America, on a Huffington Post blog.
Tarantino also said disability, pension, and GI Bill payments may be affected however if the shutdown reaches past two or three weeks.
Other recent studies have found more negative consequences from the shutdown.
On Oct. 8 the Gallup U.S. Economic Confidence Index showed a drop of 12 percent from last week.
That is the highest drop in confidence in the U.S. Economy since 2008, immediately after the housing collapse.
Traditionally, a lack of consumer confidence signals a lack of economic activity.
As reported earlier this week in the Loudoun Times-Mirror many people stay at home as a consequence of not knowing when their next paycheck might come.
The government shutdown should not affect the U.S. credit rating however because it doesn't directly affect our ability to pay down debts according to a Moody's Investor Service report. Moody's Investor Service is a credit rating, research, and analytics business.