Fears of a shutdown loom on the Suncoast

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Posted: Monday, September 30, 2013 4:37 pm | Updated: 5:04 pm, Mon Sep 30, 2013.

SARASOTA--While the clock in Washington is ticking, all eyes around the Suncoast are waiting to see what happens.

"I'm going to be getting a lot of phone calls, what am i going to do?" said Linda Craig of Manasota Operation Troop Support, who wonders how bad it could get, especially since military members may take the brunt of a shutdown.

"It will have a big impact on Florida veterans, I truly believe that," said Craig.

Active personnel will stop getting paid, instead receiving salaries once the shutdown ends in the form of an "IOU."

"Who wants to try to tell GMAC or whoever has the loan on your car, 'I'm sorry will you take an IOU?'," wondered Craig, "it doesn't work in the real world and I don't see how its going to work for our military."

Some veterans benefits checks may also be delayed. The shutdown would also affect many other areas.

"If the government does do its shutdown, what it's going to affect...is ATF and federal agencies," said Francis Misantone, owner of The Bullet Hole in Sarasota.

And that means gun permits may not be issued until the shutdown ends. However, background checks won't be impacted.

Speaking of documentation, all current passport applications will be stalled, and no new ones will be accepted.

Experts also say first time home buyers won't be able to apply or receive federal FHA loans . One local mortgage broker told us on the phone that could impact between twenty and forty percent of her clientele.

"It's frustrating as an American, not just as a business owner," said Misantone.

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