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Cost of government shutdown: Can the U.S. avoid a fiscal cliff?


I WANT TO THANK YOU BOTH VERY MUCH. I APOLOGIZE FOR THE PROBLEMS AT THE OUTSET THERE. LET’S GO TO THE FORMER CBO TERROR OF COURSE HE’S BEEN THROUGH MAYBE A COUPLE OF SHUTDOWNS IN HIS DAY. THIS ONE IS VERY PROBLEMATIC AND I DON’T KNOW IF THE RECIPE IS THERE TO END ANYTIME SOON. A LOT OF PEOPLE ARE WORRYING ABOUT SPREADING ITS TENTACLES TO LOANS AND DELAYED IPOs AND WAY BEYOND THE 800,000 FEDERAL WORKERS WHO ARE IMPACTED TO SAY NOTHING ABOUT A GOVERNMENT CONTRACT TEARS. WHAT DO YOU THINK?>>I THINK YOU’VE GOT THAT RIGHT. DIRECT IMPACTS ARE TYPICALLY VERY SHORT IN DURATION AND RELATIVELY MINOR. WHAT WE SEE NOW IS SOMETHING THAT HAS DRAGGED ON LONGER THAN MANY PEOPLE EXPECT IT AND IT PRETTY NOW. THE KIND THE NUTS AND BOLTS OF THE ECONOMY DON’T TAKE ABOUT VERY MUCH. FAA CERTIFIES FLIGHT TO HAWAII FOR EXAMPLES. NO BECAUSE THEY’RE ON FURLOUGH. IT’S STARTING TO INTERFERE WITH NORMAL BUSINESS DECISIONS AND NOT IMPACTED GOING TO GET LARGER. RIGHT NOW WE ARE SOMETHING THAT HALF A PERCENTAGE POINT IN AN ECONOMY THAT WAS FLOWING ANYWAY AND IT’S GOING TO GET LARGER FROM NOW. THERE ARE TWO BIG THINGS COMING UP THAT I THINK THE SHUTDOWN IS IMPORTANT FOR. THESE BAD POLITICS MADE PEOPLE WONDER WHAT HAPPENS WHEN WE GET TO THE DEBT LIMIT? ARE WE GOING TO GET PASSED BY WITHOUT A BIG DISTRACTION? WHAT HAPPENS WHEN WE HAVE A FISCAL FLOOD SCENARIO WITH A SNAP AT TO THE COPS THAT ARE HUNDREDS OF BILLIONS OF DOLLARS LOWER THAN THEY NEED TO BE. THE REAL IMPACT IN THE POLITICS HERE IS ON FUTURE DECISIONS THAT MIGHT HAVE TO BE NEGOTIATED. NEIL: OBVIOUSLY REPUBLICANS HAVE BEEN POUNCING ON THE NOTION THAT THE SHUTDOWN ONE THAT CAUSED ME MORE THAN THE COST OF THE WALL THE PRESIDENT WANTED SOMETIME NEXT WEEK. I MIGHT BE OFF BY A DAY OR TWO. WHAT DID YOU MAKE OF THAT ARGUMENT? IT IS WHAT IT IS I’M A BLOODY THING?>>IT’S APPLES TO ORANGES. WE’VE GOT A CONSTRUCTION COST FOR BORDER SECURITY THE PRESIDENT WANTS IN SOME LARGER ECONOMIC FALLOUT FROM THE SHUTDOWN. WHAT IT TELLS YOU IS THE POLITICS HERE ARE SUFFICIENTLY TOXIC, HOLDING THE ECONOMY HOSTAGE WITH AN OKAY FOR BOTH SIDES. QUITE FRANKLY THAT WAS AN IMPORTANT MOMENT OVER THE WEEKEND WHEN THE PRESIDENT OFFERED TO MOVE SLIGHTLY AND SAID I’VE JUST BEEN ABOUT, YES OR NO, IT WAS SOME THINGS YOU WANT WORSEN THINGS I WANT TO GET MY FUNDING. THAT’S NORMALLY HOW THESE THINGS GET RESOLVED. YOU BROADEN OUT THE ISSUES UNDER CONSIDERATION AND FIND A WAY FOR BOTH SIDES TO GET SOMETHING. NEIL: YEAH, GOOD LUCK ON THAT FRONT. THE U.S. SENATE MAJORITY LEADER MITCH McCONNELL SAYS THE SENATE WILL VOTE ON THE PRESIDENT’S PROPOSAL TO THE GOVERNMENT SHUTDOWN TO YOUR POINT THAT WAS THE ONE THAT INCLUDED FUNDING FOR DACA, THE CHILDREN HERE THROUGH NO FAULT OF THEIR RUN IN THIS LEGAL LIMBO AS WELL AS THE $5.6 BILLION IT DOESN’T HAVE TO BE A WHILE. IS THAT ENOUGH YOU THINK? OBVIOUSLY A SENATE VOTE COMES OUT. YOU NEED 60 VOTES FOR THAT SCENE A CENTER-RIGHT DEMOCRATIC VOTES. YOU THINK YOU GET THAT.>>I HAVEN’T SEEN SEVEN OR EIGHT DEMOCRATS RAISING THEIR HAND. IT DOESN’T LOOK LIKE ENOUGH AT THE MOMENT. BUT WE DON’T KNOW AND CAN’T KNOWS WHAT’S GOING ON BEHIND THE SCENES. HAS THERE BEEN A COUNTEROFFER SAYING THAT NOT OKAY, BUT WE CAN PROBABLY DO WITH X,Y AND Z. THAT’S THE HEALTHY NEGOTIATION THAT’S BEEN MISSING AND IF THIS STARTED UP NOW THAT’S GOOD. NEIL: YOU MENTIONED KEVIN HASSETT A LITTLE BIT EARLIER. ECONOMIC ADVISER TO THE PRESIDENT WHO IS STILL SAYING THAT THIS WILL ALL WORK OUT. WHATEVER YOU LOOSE IN THE AND THE GDP, PRETTY MUCH YOU AND I HAVE CHATTED IN THE PAST LIKE A HURRICANE. PEOPLE GETTING BACK TO THE JOB. HE IS STILL CONFIDENT WHEN THE NUMBERS ARE IN THE LAST YEAR WE WILL HAVE ACHIEVED 3% GROWTH. HIGHER THAN MOST THOUGHT, BUT IT COULD FLOW FROM THERE. WHAT DO YOU THINK?>>I THINK THAT’S EXACTLY RIGHT. IF YOU LOOK AT WHAT WE KNOW ABOUT THE FOURTH QUARTER, WE’VE COME IN FOURTH QUARTER OF 2018 EURO FOR YOUR 3.1%. THAT’S MY NUMBER AT THE MOMENT. THAT’S A FANTASTIC YEAR. I’M A BIT PUZZLED BY THE EXTREME PESSIMISM THAT THOSE ARE GOING INTO A RECESSION. WE WILL SLOW DOWN AND WE WILL SLOW MORE RAPIDLY BECAUSE OF THE SHUTDOWN. THE REAL ISSUE FOR ME IS CONFIDENCE. THE CAPITAL EXPENDITURE PLANS AND I WORRY ABOUT GENERAL CONSUMER CONFIDENCE DROPPING SO SHARPLY BETWEEN DECEMBER AND JANUARY. THE HOUSEHOLD SECTOR HAS BEEN THE BULWARK OF THE ECONOMY. THERE’S SOME THINGS WORTH KEEPING AN EYE ON.>>GROW QUICKLY, REMEMBERING YOUR FRIEND, JOHN McCAIN, HOW WOULD HE HAVE HANDLED A SHOT DOWN?>>I THINK HE WOULD HAVE DONE IT ONLY AS A LAST RESORT. HE FELT QUITE STRONGLY THAT WE HAVE AN OBLIGATION TO GET PAST THE DIFFERENCES OF THE TYPE AND SERVE THE LARGER AMERICAN PUBLIC. THE SHUTDOWN IS NOT SERVING THE LARGER AMERICAN PUBLIC. IT’S THE LAST THING JOHN McCAIN WOULD’VE WANTED TO HAVE HAPPEN. NEIL: I REMEMBER RIPPING TED CRUZ. THOUGH WHO KNOWS. I JUST WONDERED WHAT YOUR INSIGHT WAS I’M NOT.>>HE WOULD HAVE BEEN LESS THAN

33 Comments

  1. T TANA
    T TANA January 22, 2019

    Thanks for waking us up President Trump! ! (((( 2020 ))))

  2. ikm64
    ikm64 January 22, 2019

    Job vacancies!!! Urgently required workers, a positive personality, flexible, unsocial hours, creepy boss, may or may not get a paycheque at the end of the month. All enquires to the local mental institution or you closest Trump Tower.

  3. Susan Monty
    Susan Monty January 22, 2019

    so much winning

  4. rudai123
    rudai123 January 22, 2019

    Trump, continuing to destroy our economy.

  5. Kelly Brown
    Kelly Brown January 22, 2019

    Beyond time to quit spending money we don't have!

  6. Ted Theodore
    Ted Theodore January 22, 2019

    So brilliant. President Trump is using the shut down to show how bloated the Federal Government is and how we don’t need all of these parasites to conduct Government operations. This will expose the Swamp even more and provide the opportunity to trim the huge layer of Federal blubber.

    Here is an excellent article explaining the nature of entrenched Federal Government operations vs Business style operations.

    https://theconservativetreehouse.com/2019/01/14/systemic-shock/

  7. Greg Maier
    Greg Maier January 22, 2019

    Awfully casual about the impact…..this is the event that will send our Country into a free fall!

  8. Joe Mancilla
    Joe Mancilla January 22, 2019

    Donald Trump's shutdown 100 %

  9. Craig Bigelow
    Craig Bigelow January 22, 2019

    So, how many more Nutrasweet advertisments we gonna have to set through before you get that wall built? That's SEND Marie Osmond fat little butt down there to build it!
    She needs to work off a couple problem areas!

  10. rudai123
    rudai123 January 22, 2019

    The shutdown stops the ability for FBI to investigate MS 13 and other gangs. Making us less safe. Thanks for increasing crime Trump!

  11. John Smith
    John Smith January 22, 2019

    We need to cut spending ! We spend too much ! O whoops we have a Republican president now spending doesn't matter anymore my bad. Can we have more money for a border wall ?

  12. Marek Kolenda
    Marek Kolenda January 22, 2019

    China is financial hostage like Fed's workers right now China not gone borrow loan for US 1 trillion $ .Its not gone happen.

  13. Ranee Kao
    Ranee Kao January 22, 2019

    our president keeps on giving information. Isn't that OPSEC? or didn't someone mention that to him. His twitter is too much…

  14. Jeff Massengill
    Jeff Massengill January 22, 2019

    Go Trump Trump 2020

  15. Mr. Sarcastic
    Mr. Sarcastic January 22, 2019

    Well I am glad that McCain has been quiet these days. We don't need anymore War.

  16. Muse Amore
    Muse Amore January 22, 2019

    Fine Mexico for its people trespassing. American people should not suffer for Mexico failure.

  17. Irwin Wins
    Irwin Wins January 22, 2019

    You guys are nuts. “We the people” want that wall, President Trump is working for the American people. To say that it’s HIS wall you must be a moron. You see this is how a real President works. You know who’s stopping the people from making their pay check? Pelosi and Schumer you schmucks! Wake up your all retards!
    🇺🇸🇺🇸🇺🇸TRUMP 2020🇺🇸🇺🇸🇺🇸

  18. JustForDummies
    JustForDummies January 23, 2019

    Build the wall

  19. Bob C
    Bob C January 23, 2019

    32 DAY! Give the Tyrant some of the ransom money for his stupid wall, 800,000 plus American government workers and their families are suffering, we will make sure most of that money goes to 21st Century border technology not a wall! also, We will reverse ever one of Trump's policies in 2020, just as he is trying to do with Obama's policies!

  20. dafttool
    dafttool January 23, 2019

    The GOP are going to get obliterated in the next election. They lost by 3 million in 2016, & then they lost by 9 million in 2018.

    The Emperor With No Clothes is failing in fabulous fashion,
    His enabling cultists blind to the naked truth before them.

  21. JasJones123
    JasJones123 January 23, 2019

    Don't Forget These Costs Democrats Expect the US Tax Payer to Pay!!
    Judicial Watch announced today that it obtained documents through a Freedom of Information Act (FOIA) lawsuit against the Air Force detailing $134,587.81 plus $50,000 for an advance of funds for an “escort officer” for a total of $184.587.81 for then-House Minority Leader Nancy Pelosi’s (D-CA) Congressional delegation (CODEL) to Italy and Ukraine in 2015.
    Judicial Watch filed a December 2015 FOIA lawsuit after the Air Force failed to respond to an August 2015 request (Judicial Watch v. U.S. Department of Defense (No 1:15-cv-02236)) for:

    All records regarding mission taskings of flights escorting members of Congress

    All records concerning transportation costs for transporting members of Congress

    All passenger manifests (DD-2131) for transporting members of Congress

    All weekly travel reports for members of Congress

    The documents show that from July 30 to August 6, Pelosi took a trip to Milan, Rome and Naples, Italy, and Kiev, Ukraine, for herself, her husband, several members of congress and their spouses. The Italy trip included Milan, Rome and Naples with visits to the Vatican Museum, Sistine Chapel, Duomo and viewing Da Vinci’s “Last Supper.”

    The documents also show the Air Force’s negative response to a Pelosi staff request for a specific crew for Pelosi’s flight. An official notes that it: “would be a disastrous precedent to set even if it were possible.” The Air Force further points out: “Our ARC crews have plenty to balance already with military duties and their civilian employers.”

    The documents also detail a CODEL trip for Senator Cory Gardner (R-CO), who traveled commercial flights to Asia, including Tokyo and Okinawa, Japan; Seoul, Korea; plus Beijing and Hong Kong, China. This trip, with flights and per diems, cost at least $26,009.03.

    “Speaker Pelosi has a demonstrated record of abusing the perks of office that give her access to military luxury travel paid for by taxpayers,” said Judicial Watch President Tom Fitton.

    Judicial Watch previously uncovered that Pelosi’s military travel cost the United States Air Force $2,100,744.59 over one two-year period — $101,429.14 of which was for in-flight expenses, including food and alcohol.

    Judicial Watch’s work exposing Pelosi’s travel abuses resulted in her successor John Boehner declining to use Air Force luxury jets to travel to his Ohio congressional district.

  22. Santa Badd
    Santa Badd January 23, 2019

    I'm still gonna listen to R. Kelly music. I'm not bout to mute shit. They can mute these nuts. 😂

  23. Jeff Massengill
    Jeff Massengill January 23, 2019

    Yeah me too I'm voting for Trump they're only doing this to try to break us Trump's not see Trump wants what's best for the border if you are out of work find a new job stay strong we got one of the best presidents we've ever had other than Lincoln and John FK

  24. Ashton Mitchell
    Ashton Mitchell January 23, 2019

    Brain washed Americans think this shutdown is just about the wall HA the wall is just a smoke screen distraction from what's REALLY going on but humans are to stupid to know how to see past technology anymore

  25. garnet stewart
    garnet stewart January 23, 2019

    Don't worry. Mexico's paying for it.

  26. Jeff Massengill
    Jeff Massengill January 23, 2019

    And ask for the 800,000 employees there's thousands of jobs out there the immigration policy needs taken care of so I blame the Democrats

  27. Cee Jay
    Cee Jay January 23, 2019

    Trump said: Mexico will pay for the wall and that he owns the shutdown. He surrounded himself with criminals, under investigation and courts dictators. His actions have clearly divided and is crippling this country. He lies repeatedly, is narcissistic and poorly educated. Trump

  28. Donn Milesian
    Donn Milesian January 23, 2019

    Democrat or Republican I could care less. What is happening here does nothing more than confirm my belief. These politicians are only concerned with their own personal agenda and what is going to get them re elected. PEOPLE ARE SUFFERING!!! They can't pay their bills, they can't take care of their families . This is America!! People are going to start losing their homes because they can't pay their mortgage. These politicians are hurting the very people they are supposed to be representing. STOP PLAYING POLITICS AND REOPEN THE GOVERNMENT!

  29. Brysn
    Brysn January 23, 2019

    We are gonna go into a deep depression, Change My Mind

  30. Victoria Pogue
    Victoria Pogue January 23, 2019

    the shutdown is affecting those people who are section 8.i don't agree with trump.we don't need to spend the money for the wall.

  31. Sarah Reid
    Sarah Reid January 23, 2019

    THE HOST IS A LOOSER – WHY IS HE TALKING ABOUT McCAIN PATHETIC. GO TRUMP 2020!

  32. King Java
    King Java January 24, 2019

    Trump's Christmas gift to all the government employees is zero pay check.

  33. Barry Etherton
    Barry Etherton January 26, 2019

    Mr Trump is only a Puppet.

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