Johnson’s Government Shutdown Plan RELEASED!!

hey so I just landed in NorCal wanted to

give a quick update because Mike Johnson

introduced his budget plan he's refused

to impose the 30% immediate spending cut

that some were looking for uh he is

actually got a pretty decent plan in

terms of wanting to prove that he's

willing to be Mr compromise which that's

obviously upsetting some of those on the

further right for example chip Roy

started shouting on Twitter that this

continuing resolution is 100% clean and

I 100% oppose

uh but what Mike Johnson is sending is

this signal that look we're not going to

do Congressional spending bills right

before Christmas that load up a bunch of

extra spending and everybody rushes

through because they want to go home it

actually sounds relatively reasonable

now uh Democrats were looking for a

clean resolution which is what they got

here however he kind of laded the stop

Gap he pushed funding for some agencies

to January and some to February which is

really interesting because we're not

sure if Dems are going to go for that

but what other option they have with a

week left it's actually a pretty decent

tool for the Dems to go with I think

they should go for it uh a lot of

analysts are saying this really lowers

the odds of a budget shutdown which is

fantastic last thing we need right now

is more uncertainty in markets remember

Goldman Sachs by the way estimated that

every week we're shut down take 2% off a

quarterly GDP now that's quarterly GDP

so if you're down for 2 months in a

quarter you're 1.6% of GDP gone that's a

hole in the quarter that's not great now

obviously that long of a shutdown we

haven't seen uh even close to that long

of a shutdown we haven't seen since 2018

so it should be good but I did want to

bring that up this is uh this is good

news there is also and I thought this

was quite interesting uh Johnson also

threatened that if Democrats hold up

either of those the J Jan or the uh

February stop Gap actual budget renewal

where we pass a real budget with you

know inflation adjusted price increase

es and spending increases then what

they'll do is they'll pass a oneyear

stop Gap bill which is basically saying

look we'll just find that we'll just

kick the can down the road for a full

year with a 1% spending cut so rather

than spending going up by a little bit

which is usually done each budget you

stay the same and actually lose a

percent now obviously that could be an

empty threat since you've got uh

Democrats controlling the Senate and the

White House so there's a limit to how

far that goes but it does go to show

that you have uh Mike Johnson who seems

to be trying his best to balance

appeasing both sides here again a lot of

folks were looking for some strict

spending cuts on the Asylum side border

security side and potentially even a 30%

spending cut was called for those

representatives are expected to hold

firm to that but then again you could

lose about six Republicans in the house

and if Dems are okay with this laded

spending bill you might actually end end

up seeing this pass with all Dems and

most Republicans and then it gets passed

Biden doesn't have to deal with a

shutdown before the holidays and then

the real negotiation picks up as a laded

negotiation two-part negotiation in

January Feb the problem though is Dems

might say hey wait a minute though we

want to do this stop Gap bill with

Israel Taiwan and Ukraine funding

remember Republicans only gave $14

billion Democrats said hey we want $106

billion for all of our priorities so

this is an update it's I actually I see

it as generally good news it should be

received positively obviously we'll have

to watch the negotiations over the next

few days here and I got to go look at

some real estate let's go