The next government shutdown could be the longest in history, says Invesco's Andy Blocker
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- Опубликовано: 3 окт 2024
- Andy Blocker, Invesco global head of public policy, joins 'The Exchange' to discuss interpersonal issues against Speaker McCarthy's leadership, the focus on spending border security, and the likelihood of a full government shutdown in four days. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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As a member of the actual working class, I say shut it down and never reopen it.
Right. Good riddance.
"But so many will go without a paycheck".
That's the problem, large government
@@BOBANDVEGlet them get a job making solar panels and wind turbines
No no, the last one was not in 2013, it was in 2019 and was shut down for 35 days!
Exactly! Wtf is she talking about!?
@@williammiller3820She was saying the one in 2019 wasn’t a full shut down like the one in 2013. This time the military will work without pay also.
Eff funding Ukraine
I want a breakdown of whete every single tax dollar actually goes too.... i want to know how many tax dollars my city pays per day, per week, and per month. If they are shutting down then can we allocate each and every tax dollar to go where its needed most in my city?
Bro you make $8 an hour , your taxes don’t move the needle 🤣
@@mrmorris2152 that's the "your 1 vote doesn't count so don't bother" mentality.
The last one did count, delayed paychecks and was a MONTH under Trump, so yeah did matter. Alot of us worked it and many were furloughed for a month.
And all got back paid , if you gonna tell the story tell it correctly .
Shut it all down!
Just fire every single one of them.
Balance the budget and then we wouldn't have this issue year after year. Stop the deficit spending.
See this is part of the problem when the TV host be so detached from reality and real-life the ship that she said she said hold the other shutdown doesn't count because it was a partial shutdown😮😢 let definition think about that for a quick second😢 show the people who didn't get paid it don't matter to them for the people who had to go to work I didn't get paid for they work it don't matter to them Obi-Wan social security check it didn't matter to them😮 you say that because you're well I'm sitting up there everybody everybody else ain't just well-off a little Humanity will show
What he did not say US budget deficit was annualised $-3.6trn in q2 and is likely surging to $-6.8trn in q3. These are horrible numbers, destroying the bond, property, car, consumer,.....markets. Republicans cannot watch anymore over this chaos.
All this on top of the recession and exteme inflation...smh
Babylon the great aka America is finished
Correct
Whatever keeps money from flowing to Ukraine.
Shut it down. Shut it all down. Let us keep our salaries without tax. That would be the best economy boost ever.
Hey why don't we make the shutdown permanent?
I'm waiting for someone to blame the climate
Cut out Ukraine spending that for some reason we are to support there pensions and business . And funding for other crap that only benefit there democrat socialist party .
On Friday, September 29, 2023, the House of Representatives voted 232-198 to reject a Republican-led continuing resolution that would have funded the government until October 31. All Democrats and 21 Republicans voted against the measure.
Here is a breakdown of the vote by party:
Democrats: 211-0
Republicans: 21-198
Did not vote: 3
The vote failure means that a government shutdown is now imminent, unless Congress can pass a new funding bill by midnight on Saturday, September 30.
This is what is bothering me. When you look at the voting pattern you see the Democrats with 0 Yes votes and 211 No votes. You mean to tell me that all 211 Democratic House Members independently came to the same conclusion on how to vote for this bill. They all voted in “lock step”. When individuals vote lockstep, they prioritize party loyalty over personal beliefs or independent evaluation of the issues at hand. The voting party wins but America loses. It means that there is rigid control and lack of independent thinking and the ability to compromise.
Usually a bill makes it through the House through compromise and is forwarded to the Senate. My gut feeling tells me that the Democratic vote was a 100% political interest only vote and not a vote for America. As of now, the Democrats and Republicans are unable to figure out how to fund our government.
I suggest the American people fire both party leaders, and put in two people who know how to make the House of Representatives work as a team to solve the tough problems.
Novel idea - pass a BALANCED budget. The crooks in Congress just want to keep the grift going as is.
The last time the US debt to GDP was this horrible was during the height of WW2. Things are really bad and forecasted to get much worse.
The last one didn’t count?? It was 30 days over the border wall. Federal employees in food bank lines.
And all back paid
@@mrmorris21522-3 missed paychecks is not easy, even knowing it’ll be paid back
NO MONEY UNTIL THE BORDER IS CLOSED!
Correct ✅
?
@@miguelruiz3324 ?
Look at the National debt what a failure by the whole of government. Pay your bills and then you do not need to have these conversations it is that simple. Or, have the house and the senate use their own money for funding. Each Senator is worth several million and in some cases several hundred million yet there is no more money? c'mon man
the Biden impeachment inquiry should have nothing to do with this
Let it be! It is long overdue.
Congress needs to do their job and pass a budget!!!!
Congress needs to do their job and self immolate.
Was that his smoke alarm beeping in the background? How embarrassing
Close the boarder, or shut the Gov't Down!!!
It could also be the shortest. Does me saying this make me an "expert" too? 😅
To the contrary
Yes it does. Not making fun but I hope you expertise is right up the with the obidenomics is reducing inflation expert.
Shut it down 30 day minimum....forever would be a gift of life.
He said that he got that information from Congress members that it could be prolonged
Democrats have issued $1.7trn of net new debt. This is 40% of the agreed $4.1trn until Jan25. Should Democrats spend at the same pace, the governments runs out of money next year. .....and interests are soaring.
Under Trump the new debt issued was almost twice that. Even pre Covid, the CBO estimated that Trumps tax cut alone would increase dent by about $1.9 trillion. Then add all the spending debt he added and youre talking a shat load of money.
@@misswill8488 things don't happen, they are made to happen ~ JFK ... The back-and-forth blame game is deliberate.. just assumed that everything you hear is done for a reason.. and all that's left is for us to figure out why.. why are they doing what they're doing.. allowing for a government shutdown etc.. they want this to happen.. but why?
@@damham5689 Under Trump there was high demand for Treasuries at low interest rates. Now demand for Treasuries is low and interest are skyrocketing, destroying the economy, housing market, car market, .....everything. This is madness and self destruction.
@@misswill8488 There is now a case. $-6.8trn annualized budget deficit is a case and smoking gun. The US budget is out of control and the House can justify its actions.
End the federal reserve bank. Free America
DON'T WORRY POLITICIANS will get THEIRS, I say treat them like WE GET TREATED,NO WORK NO, NO PAY💯🤔👍
Love it. Bring it on baby.
People’s grocery carts will still be full.
There’s a lot of money in this country.
A lotta money.
We should NOT semd Ukraine more money ! We SHOULD keep impeachment i quiry!
When I think one party is crap the other party can still say “hold my beer”. It’s like they both want to lose
Shut it down stop funding wars and stop wasting the people's money.
So would this help the private sector if the government shutdown
Yes....given 6 months of no gubment over reach. The people DONT NEED GOVERNMENT. The goverment NEEDS the people.
That's why 50% of America is employed by goverment positions and can't survive longer than 30 days without their allowance.
A long goverment shutdown would a financial blessing to private labor and its working class.
@@danielbrown7535If that’s the case, there wouldn’t be so many Union workers striking today. They can’t survive longer than 30 days either. If they could, they wouldn’t be on strike.
@@danielbrown7535that literally makes no sense. If the government shuts down too long, private business and the economy will stall. I'd get a refund on your Walmart economics degree.
No. Without government oversight, the economy will lose one of its biggest customers.small business will feel it first as they won't be able to compete for contracts and supply chains will slow and begin to falter.
Due to their american last adgenda i have zero fucks to give.
New president. Replace the whining members of congress, like
It's the promise that to make America great again? No wonder why America dream team on FIBA Cup lose because government not paid for the players.🤣🤣🤣😆😆
What are the signs to look for in the Market for a potential "downgrade" of our nations credit? Any pro traders out there that can answer this question? I got caught in a downward spiral on the last one we had and it would be nice to know if there are any signs that one is forthcoming in the near future. Cheers from Cabo San Lucas!
Government shutdown I heard Biden say that would be a bad ideal. Im just saying on one of the videos thats what He said.
Ill be almost a year
Inflation already, now a government shutdown
BS
1 or 2 days is the weekend
A government shutdown 😭😂
Fund the Government Republicans! Time to do your Job
Their job is to budget our tax dollars for U.S. interest, not international interest. Republicans are fighting for our tax dollars to be used for us not other countries! Shut it down! And, yes, I'll be furloughed.
Shut it down
US military members and their families will never forgive House Republicans for holding up their pay. Nor will any federal employee and their families.
Blame it on the democrats, and grow a pair. Stop crying
I'm a Federal employee. I blame both parties.
Are you KIDDING ME? People in the cult will EASILY be tricked into believing the opposite of reality and will invent new gymnastics to blame democrats.
Boo F-ing whoo. The actual working half of the country is so sick of paying outrageously for the government worker parasites that can not do a real job. Screw supporting the troops, we already have been for 22 years and look what that got us. Shut it down and never reopen it, the freaking paper pushers can get real jobs or starve like the rest of us.
@@TheNaturalebeauty Bingo! You hit the nail on the head.
Stand your ground. Freedom caucus! Matt for president ✊
❤️
What ?
America is fallen