The answer depends on your measure of success. Ultimately, Republicans will cave.
Trump Meets With Congressional Leaders on Monday
The Wall Street Journal reports Trump to Host Last-Ditch Talks to Avoid Government Shutdown
President Trump has agreed to meet in the Oval Office with the four top congressional leaders, setting up dramatic last-minute talks just as Republicans and Democrats are bracing for a government shutdown within days.
The meeting is scheduled for Monday, according to people familiar with the matter, ahead of an expected redo of a Senate vote that will determine whether Congress will keep the government funded beyond Tuesday. House Republicans narrowly passed a bill this month that would fund the government into late November and add millions for security for lawmakers and other officials, but Democrats blocked that measure in the Senate and sought bipartisan negotiations on healthcare funding.
The meeting will include House Speaker Mike Johnson (R., La.) and Senate Majority Leader John Thune (R., S.D.) along with their Democratic counterparts, Senate Minority Leader Chuck Schumer (D., N.Y.) and House Minority Leader Hakeem Jeffries (D., N.Y.).
“President Trump has once again agreed to a meeting in the Oval Office,” Schumer and Jeffries said in a statement, a reference to a canceled sit-down last week. “As we have repeatedly said, Democrats will meet anywhere, at any time and with anyone to negotiate,” they said.
A shutdown would force the furlough of hundreds of thousands of federal workers and restrict a range of government operations. Critical services would continue, and Americans would continue to get Social Security payments and mail deliveries. In a move to raise the stakes for Democrats, the White House on Wednesday evening instructed agencies to also draw up lists of federal workers to fire if there is a shutdown.
Democrats brushed off that threat, saying that Trump officials have already laid off large swaths of the federal workforce since January.
On a private call with House Democrats on Friday, Jeffries reiterated his confidence in Schumer and his colleagues to hold firm.
Senate Democrats “have a lot of leverage right now, and I’ve heard from people who will be hurt the most by a shutdown that they want Senate Democrats to use their leverage,” said Rep. Suhas Subramanyam (D., Va.), whose suburban district is home to a large number of federal contractors.
Schumer Sees an Exit Ramp in Standoff Over Shutdown
Also consider Schumer Sees an Exit Ramp in Standoff Over Shutdown
Even as Senate Minority Leader Chuck Schumer stands on the brink of a government shutdown, he can see a potential way out.
The New York Democrat is squaring off with President Trump and congressional Republicans six months after he drew criticism from Democratic colleagues and activists for helping the GOP keep the government open. Federal agencies will partially shut down Wednesday if Congress doesn’t pass a short-term spending patch, and the White House has made it clear it plans to make things as painful as possible—starting with mass firings of government workers on top of the typical furloughs.
In an interview with The Wall Street Journal, Schumer projected confidence that he has an exit strategy in the event of a shutdown. He said that he expects pressure will build on Republicans to reach a deal to save expiring Affordable Care Act subsidies as Americans receive letters next month informing them of healthcare premium increases ahead of open enrollment in November.
“There’s going to be pressure on them on that…and Democrats are going to say, very simply, ‘Just come and sit down and talk to us and negotiate agreements, and you can end the shutdown,’” Schumer said.
Democrats’ list of demands also include restoring cut Medicaid funding and unfreezing money previously approved by Congress, but Schumer said those items were negotiable with Republicans.
“Those things are not red lines,” he said. “All we’ve asked is that they sit down, negotiate, and help relieve the pain the Americans are feeling because of their healthcare cuts.”
The Senate returns on Monday, but Republican leaders plan to keep the House out until after the Sept. 30 shutdown deadline, in a bid to force Democrats to accept their spending bill.
“The radical left Democrats want to shut it down, and it’s up to them,” Trump said Friday.
Playing hardball
Thune said in an interview that internal Democratic politics are pushing Schumer to play hardball. Schumer’s political base “was incredibly unforgiving” back in March during the last standoff, Thune said. “He got blown up for doing the right thing.”
But Thune also said that a resolution likely will involve an agreement to extend the expiring health-insurance subsidies. The tax credits, which expanded the payments offered under the existing ACA, or Obamacare, were first passed in 2021 by Democrats and are set to expire at the end of this year.
Expect a Shutdown
Since the House will not be in session, there will be a shutdown.
So, if that’s your definition of success, there won’t be success. But that’s not my definition of success.
It makes more sense to view this as win-lose on the ultimate resolution, not win-lose on avoiding a shutdown.
Definition of Win
- If Republicans cave in on anything, Democrats win.
- If Republicans cave in on nothing, Republicans win.
By scheduling a meeting on Monday, Trump hopes to put the blame on Democrats.
But who will the public blame?
Schumer appears to be willing to hold out until Affordable Care Act healthcare premium increase notices are sent out in October.
That means a shutdown may last a few weeks or more.
Sticker Shock
Enhanced premium tax credits, originally from the 2021 American Rescue Plan Act and extended through 2025 by the Inflation Reduction Act, cap out-of-pocket premiums at 8.5% of income (or less for lower earners).
Without extension, these subsidies expire December 31, 2025, potentially increasing premiums by an average of 18% overall—and up to 75% for some low- to middle-income households (e.g., a family of four earning $60,000 could see monthly costs jump from $0–$200 to $800+).
Affordable Care Act (ACA) Marketplace enrollees typically receive notices about premium increases for the upcoming plan year in September and October, during the lead-up to open enrollment.
- Federal Marketplace (HealthCare.gov): Notices are mailed or emailed starting in early fall, with most arriving by late October. Renewal packets, including premium details, must be postmarked by October 31.
- State-based Marketplaces: Timelines vary slightly (e.g., Covered California sends notices in October), but all align with the federal open enrollment period from November 1, 2025, to January 15, 2026.
- What to expect: With proposed average premium hikes of 18% for 2026 (and potential post-subsidy increases up to 75% if subsidies aren’t extended), notices will highlight “sticker shock” for many.
The more I look at this, the more I expect Republicans to cave in on something.
Thune Waves the White Flag of Surrender
Senate Majority Leader John Thune (R-S.D.) indicated that Republican leadership is open to addressing the expiration of enhanced Affordable Care Act (ACA) subsidies, likely through a bipartisan agreement as part of year-end appropriations rather than a short-term government funding bill
“I think the ACA subsidies will be an issue that will be addressed but I think right now we’ve got to keep the government open so we can do appropriations bills and work on that, with that solution,” said Thune.
Some GOP lawmakers, like Sen. Lisa Murkowski (R-Alaska), have proposed frameworks explicitly including subsidy extensions to stabilize costs.
House Republicans introduced a one-year extension bill on September 4, 2025, to push the decision past the 2026 midterms, citing political risks of “sticker shock” for voters.
The Cost
Add another $350 billion to the deficit over the next 10 years if the giveaways stop there.
But why should we expect the damage to stop there?
Perhaps $350 billion should be considered a success. After all, if that’s the result, Trump will brag about it.
Related Posts
May 28, 2025: Musk Slams Trump’s “Big Beautiful Bill” for Undoing the Work of DOGE
“I think a bill can be big or it could be beautiful. But I don’t know if it could be both.”
June 21, 2025: Record Deficits as Far as the Eye Can See and Trump Begs for More
Let’s investigate CBO deficit projections vs what actually happened.
August 14, 2025: US Debt Now Grows by $1 Trillion Every 150 Days
US national debt just topped $37 trillion and is growing fast.
And if you want to discuss complete stupidity, please consider Lutnick Says Tariffs Can Eliminate the IRS and Balance the Budget
On September 2, I noted Gold Surges Above $3,600 to New Record High Despite a Rising Dollar
A Word About Faith
Gold does not believe the Fed is under control, Congress is under control, budget deficits are under control, and Trump is under control.
And neither do I.
By the way, gold is now over $3,800.
This is just a paid vacation for Federal employees. In 2019, a law was passed guaranteeing them full back pay of their regular salaries when they return to work, even if months later. The “Government Employee Fair Treatment Act” is anything but fair.
PS State level Unemployment Insurance only pays 40% of regular pay, on average, so less than half of your normal paycheck.
Well, now Dear Leader is demanding a ban on trans healthcare or there will be a shutdown.
The stage is set. The actors are in place. Let the shit show commence!
If we can print money out of thin air, why stop now?
It is the only choice. There is no other choice. Only the completely delusional think fiscal responsibility is suddenly going to appear out of thin air. It’s been dead for 45 years. And this makes them extremely dangerous to the future of the United States of America.
Banks lending increase liquidity. Since covid banks assets are up from $18T to $24.5T. Bank assets rarely deflate. In order to keep them high the Fed and gov have to constrict RE supply.
One thing I have learned from Mish: You’ll never go broke betting on the GOP to cave on fiscal matters.
Thune is pathetic! He’s only arguing about when they’ll cave, not the fact that they ARE going to cave. Get ready for a new CR with subsidies for Obamacare restored, and it will pass the House with lots of Democratic votes (and Massie, M T-G and other fiscal conservatives voting NO.)
Yikes!
If you hate Police ~ Try living in a world without them?
If you hate government ~ Try living in a world without it!
Survival of the fittest is not remotely civil…
Despite all the potential waste, I see our government as one of the best in the world.
Having just travelled to Europe and taking good measure, things work great here. Sure Europe has quaint little villages built before cars, but try driving efficiently through them? Quite frankly, it sucks and road maintenance is not as good as one might think.
Those European villages are full of little shop owners living in quiet desperation.
The food is better and people are no where near as fat in Europe. (That is a startling realization and explains why our Sick Care System is so overburdened.) It is clearly time for Americans to get fit again!
A government shutdown would not help. When the government shuts down the government workers continue to accrue their pay and receive interest on missing wages when government turns back on. Trump will not save shit by providing paid vacations per the terms of government labor contracts.
Sure might mess up the stock market if things shut down though. I lightened up about 10% on the Q’s and APPL, QCOM & a few other bigly extended AI stocks in the managed portfolio.
Smaller trading accounts are heavily weighted to high quality PM mining stocks and I have accrued a big pile of VIX in the money call options for downside protection.
We live in interesting times!
lighten up.
F the government
F the politicians
They are all our enemies
What a show. Hypocrites to the right, hypocrites to the left, all with their hands in taxpayer pockets. Now, I read that Trump wants a 30-billion-dollar bailout for Argentina. I guess that’s American first!
“American President’s ego first”
FIFY
With the extraordinary resources of Argentina and Chinas efforts to take advantage and move into the country I have mixed thoughts on helping Argentina get back on its financial feet.
First, I want them as allies because of their location and incredibly rich natural resources.
Second, the population is a bit lazy after years of Peronist policy and welfare. Plus the lifestyle of long afternoon siestas and long dinners and partying at night is fun but not productive.
I do not agree with Trump very much, but I want Argentina as an ally and its present government is a huge change for the better.
In general, I think Trump should be building relationships with our neighbors. Especially Canada, Brazil and Mexico…
It’s hard to build relationships when anyone with any intelligence hates you instinctively.
Simps aren’t really a relationship.
Yep. Trump “should” be building relationships with Canada, Mexico and Brazil. Instead he continues to piss them off. And they are looking for every possible way to increase trade and partnerships with every country in the world “except” the US. They don’t trust us anymore. And why should they? Trump sh*ts on everyone.
My guess is that they would probably agree to the extension of the tax credits, although they may reduce the subsidy amount some and add some sweeteners Republicans have been asking for like a minimum premium amount to discourage fraud by unscrupulous insurance brokers.
There is very broad support for extending the ACA tax credits. In a recent poll by KFF there was 77% support (including by 57% of MAGA supporters and 63% support among Republicans overall).
In the grand scheme of things $35 billion per year is pocket change in the Federal budget.
– Ultimately, Republicans will cave. > I highly doubt that, as they hold ALL the leverage. They would be foolish to cave, as they would be actually going backwards in their efforts. Of course this is why the Dems Hope & Pray that they cave. I just don’t see Why they would, and more importantly no reason exist whatsoever for them to cave, NONE!
– The WSJ reports: President Trump has agreed to meet in the Oval Office with the four top congressional leaders, setting up dramatic last-minute talks just as Republicans and Democrats are bracing for a government shutdown within days. > Trump is only having this meeting to confirm what He said, and confirm what He Will Do!
– House Republicans narrowly passed a bill this month that would fund the government into late November and add millions for security for lawmakers and other officials, but Democrats blocked that measure in the Senate and sought bipartisan negotiations on healthcare funding. > The Dems best Unblock, or pay a very heavy price in the eyes of the Public. This is ALL on the Dems, and they would be very wise, and that’s not there strong suit, to sign off on it immediately, as time will simply add more and more pain for there Party.
– The meeting will include House Speaker Mike Johnson (R., La.) and Senate Majority Leader John Thune (R., S.D.) along with their Democratic counterparts, Senate Minority Leader Chuck Schumer (D., N.Y.) and House Minority Leader Hakeem Jeffries (D., N.Y.). > Schumer appears to be gone, and this vote will not save Him, but hurt More of Them. The Dems would be wise to let Schumer take the heat, as he is gone anyway…
– A shutdown would force the furlough of hundreds of thousands of federal workers and restrict a range of government operations. All Because Of The Democrats. Do they really want that black eye NOW? I doubt it.
– Critical services would continue, and Americans would continue to get Social Security payments and mail deliveries. In a move to raise the stakes for Democrats, the White House on Wednesday evening instructed agencies to also draw up lists of federal workers to fire if there is a shutdown. All critical services will be continued, so no reason for. Trump to cave or even alter His stance one bit! All else Falls On The Dems for Shutting It Down.
– Democrats brushed off that threat, saying that Trump officials have already laid off large swaths of the federal workforce since January. > Not related, and they are not coming back regardless of this bill. Meaningless…
– Senate Democrats “have a lot of leverage right now” No They Don’t, and in fact, have absolutely Zero.
– Democrats’ list of demands is futile at best, and truly just a reversal of ALL The Work the Trump Administration has done to date. Why On Earth would Trump do That? He Won’t, or He would be the fool!
– Expect a Shutdown > If the Dems stay Stupid, I agree 100%, and they will pay dearly IMO!!
– It makes more sense to view this as win-lose on the ultimate resolution, not win-lose on avoiding a shutdown. > I agree here as well, as a shut down hurts the Dems imo, and they seem to agree, so they are looking for peanuts (Schumer basically said do with His red-line comments) to show their base they were strong in negotiations. That ruse will not fly with His base, and any other outcome will be a disaster for there base, so they get some Peanuts, deflect the screams from there base, and fend off the crazies in the Party. That’s about the BEST They Can Do IMO.
– The more I look at this, the more I expect Republicans to cave in on something. > They don’t have to cave on anything imo, but if they do, it will be something not listed here, and meaningless for the Republicans to give, but something the Dem Leadership must get to save face. Not sure what that will be, but I agree something (I say Very Insignificant to the Republicans) will be given to them, but not much at all.
– Thune Waves the White Flag of Surrender > I think right now we’ve got to keep the government open so we can do appropriations bills and work on that, with that solution,” said Thune. That doesn’t sound like surrender to me at all… I do agree that Thune may agree to sit down and talk afterwards about a few things, but that’s simply politics. The Dems have no real way to win here, but to sign off and get some peanuts back if they are smart about it.
The Republicans have almost no leverage at all. Firing more federal workers is a hollow threat. The Democrats will demand they all be hired back with full pay and guarantees before even considering restarting the government. Essential workers work without pay during the shutdown. That starts building incredible pressure to settle. If Trump thinks the Democrats are going to cave after a week or two, he is genuinely nuts. They’re planning on months. Every time Trump caves, they will demand more.
Yes, unpaid air traffic controllers – yikes.
I fly to Europe on Fri. – the plane will only fly over US for about 20 mins., then safely be in Canadian airspace.
could we shut down the USA government around the globe beyond our supposed borders? be like 99% of governments out there, and NOT AN EMPIRE ? crazy talk in the past century since 1898 and Long Island’s hero, Teddy R.
Just theater and a part of the usual donor extortion game:
Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets
by Peter Schweizer
Trump will join Hegseth on Tues. They might restruct the DoW.
It’d be funny if all those officers decided to retire, at the same time.
On Sept 4 the republican house passed a bill to kick the can down for one year.
The house isn’t in session. US Treasuries in the General Account: $800B. Trump
increased tariffs to fund a shutdown. $800B + $300B/$500B tariffs = $1.1T/$1.3T. Option #1: Chuck cave in. No shutdown. Option #2: McCain/ Obamacare subsidies will expire on Dec 31. Plenty time to negotiate lower than 18% subsidies. Both Chuck and Trump can win some. The gov will shut down. Plenty money in the gov coffer to fund the shutdown. Gov layoffs cont. No vacations on tax payers expense. The risk of midterm 2026 sticker shock avoided. Trump will allocate fund from the $1T gov coffer to cut debt by half a trillion.
Trump should convene a negotiation with his congressional adversaries, and then have Israel bomb them. That’s usually what he does.
Geeeez dude! You made me spit out my coffee laughing!
Taco doesn’t want an agreement as a shutdown will permit him to fire thousands more employees.
Whom he will be forced to hire back with full compensation plus a $50,000 ICE bonus.
Lol! I love how many idiots here want the government to shut down; and for as long as two years!
Hahahahaha!
What a bunch of dumb f*cks.
Be careful what you wish for.
If the government shuts down, this is going to give Trump the opportunity to do mass firings. And this time, there won’t be 7 months of paid leave.
Hahahaha! Sure. Fire everyone. Why not? Who needs government anyway?
No more passports; no more small businesses loans; let’s backlog immigration hearings a few more years; close the national parks, museums and zoos; shut down the IRS and customs (no more tariffs and taxes); lay off hundreds of thousands of federal employees; increase welfare roles, except who would process them?; TSA and FAA employees would still work but wouldn’t be paid; businesses dealing with the government wouldn’t be paid; no Export-Import services; SS and VA payments continue but processing new applicants would halt; and a thousand other things that most people never think about till they need them.
Everyone? Really?
Good to see you’re back from your failed comedy tour.
Roads are so overrated, plow them under for grain fields
I for one am damn sick of my raping, pillaging, and burning hobbies being suppressed by the government.
Looking forward to an opportunity to finally express myself!
“7 months of paid leave”
Who the fuck offered that? Trump/Musk did of course. Now they are trying to higher back some of the workers they fired because the cuts were to deep.
And why wait for a shutdown to fire workers? Just fire them now if that’s his goal.
You seem to think that if the government cuts workers your life will improve somehow. It won’t. Federal employee salaries and benefits make up about 4% of the Federal budget ($300 billion) and 60% of employees work for the DoD/DoW and the VA. It’s a drop in the bucket.
These are the figures. Cutting government employees is a peripheral. Real savings have to be through hard decisions on cutting entitlements for citizens, subsidies for business and the worst of them the defence industry….more a scam than industry.
Every little bit helps.
Nice rant!
Feels completely different this time around
Like warm apple pie?
The sooner the shutdown, the better off we all are.
A little out of topic, the NATO Chief, after the middle of this video, provides an explanation of the tariffs to India on strategic grounds
https://www.youtube.com/watch?v=ugULbs9NAEw
Having said that, I’m sure both sides understand what and why they’re doing it in this shutdown case too. And it’s not the first time.
This is going to be a game of “Pin the tail on the donkey”. The congressional members (including Republicans) are just setting Trump up for bad press at midterm elections. I can’t believe that Trump can’t see that, but obviously he doesn’t. Trump would be better off letting the Democrats shoot themselves in the foot with a unilateral shutdown, rather than holding this meeting.
Mass firings, saying not to illegals getting free healthcare
How that bad press? Trump gets to blame the Dems for both.
This meeting gives the Dems “talking points” for later. If you don’t see that, you are not paying attention. It is cover to blame Trump for anything “bad” that might happen due to the shutdown, even for the Republican congressional members that will be present. They all have the same incentives. They are “political animals”, not human beings. They are not holding this meeting to solve problems. They are having this meeting to posture, and it is four against one.
You honestly think it only gives the Dems talking points?
That’s very naive.
Everyone loves mass firings!
You can make that claim but it also looks like a child holding his breath until he gets a cookie.
Good leadership includes the ability to recognize common ground and strive for agreement, not capitulation and tantrums over escalators.
This feels like a GOP Hail Mary. If they ever lose control of the federal government they will be shredded. It’s in their best interest to make sure that can never happen. That’s not leadership, that’s cowardice
Well, I’m not a fan of Trump’s hyperbole talk leadership style, but let’s don’t act like the Dems have cornered that market.
Taco
The Democrat leadership in Congress has been striking out every time they have been up to bat since Trump’s inauguration and I don’t think they will get a hit this time either. Perhaps one should conclude that they are pretty much incompetent in countering Trump’s tactics to date. You would have thought they would have learned something but they are still using the same playbook that worked at one time but no longer work. Newsome is trying to recenter but these guys act as if their woke agenda still has legs.
“Chaos is a ladder.” -Littlefinger
The more dysfunction we see, the easier for their donors/dontrollers to continue stealing.
There’s almost zero accountability to the public. Seems like every P.O.S. involved in a scandal fails upwards. In recent memory, only that hapless freshman “Santos” in NY got pinched.
Trump even pardoned Blagoyavich (sp). Who said there’s no honor amongst thieves?
…
Like most here, I, too, want a shutdown, until the budget is balanced. Raising taxes or, much more preferably, cutting war spending *will* worsen the recession. But it will adjust to a new normal, with less gov waste.
Hilarious. Donald J. Trump does not believe in balancing budgets.
Cross-reference how many people are substantially subsidized by the welfare state, who have guns and live in an avid gun culture. Look at the two patriotic but distressed veteran guys who did mass shootings in the last 72 hours. I have daily contact with multiple people in that general range of life events. They are nice guys but very precarious. Daily life in the USA can get very disrupted while bowing to the false god of a balanced budget. Ask Europeans between the world wars (gold standard delusions) and look what happened. It is harder to unwind a welfare state than it looks. It is more than just adjusting numbers. The Dems know that, but are ham-handed at foregrounding it in a way that appeals to those masses that can make everyday street life unliveable.
It’s not ideal… Yeah, you’re right.
What is their “woke agenda”?
The one they have been pushing ever since the Obama years. Surely you know it by heart.
It’s whatever you need it to be to give you that little tingle of fear that gives your life meaning.
Contrary to liberals’ assumption, conservatives aren’t motivated by fear. They’re motivated by disgust.
Disgust has an element of fear.
Woke = anything old white men don’t like. It’s a
‘woke’ replacement for pinko socialist commie fags.
The Dems are asking for money to give illegals free healthcare.
That’s pretty dang woke.
Legit!
That dog only hunts dummies
Most Americans don’t want to subsidize illegals. Ruy Texeira is a democrat with a good prescription for Dems. Of course, they won’t listen.
https://www.liberalpatriot.com/p/the-poverty-wages-of-democratic-resistance
This is nuts. I think the Dems are fighting to bring down premiums for people who buy off the exchanges. And guess what it is actually some of your neighbors. And they are here quite legally and will feel the pinch. In our state premiums will go up about 18%. If you are lucky enough to get employer provider insurance or medicare you are unaffected.
The premiums aren’t going down. The government is picking up the tab which will add to the deficit. Tell the medical system they’ve got to take a pay cut & lower the cost of healthcare.
That’s a much better idea.
Good luck staying employed in The Golden Age.
Newsome has gone full retard. He’s doing a fantastic job of torpedo’ing his already very low chances of being elected president.
He’s triggering people like you, and the crowd goes wild for it.
The government has a $32 trillion debt and no concern with stopping it.
I’d love a government shutdown for a few years.
I hate this thing, this goliath, parasite state.
37.5 trillion, but why count. Because a government shutdown for a few years would cripple the US economy.
FYI – Intragovernmental (IOUs) matters because they are ALWAYS paid off using public debt as they mature. It’s an accounting gimmick. The good news is that it’s traditionally longer dated binds.
But, IT MATTERS!
=The good news is that it’s traditionally longer dated binds.
problem is .. it is not real bonds, tied to private business activity
it is paper issued by congress /w sign: worth xxx $$, for yyyy years.
same as IN MOVIE DUMBER AND DUMBER.. all those papers in briefcase!
====
“That’s as good as money, sir. Those are I.O.U.’s” and that “every cent’s accounted for”
======
real money – surplus of SS funds accounted and spent each year.!
no matter: dems or reps
alx
Just absolute blabber.
Any thoughts of cutting the military spending? Unfortunately much of the Pentagon will continue functioning even this boondoggle to bring all the General back home for a pep talk.
Darren you have been gaslighted into thinking that the National Debt is $32Trillion
JCH1952 got it right at $37.5 trillon. Until all the voters know this, nothing good will happen in Washingon. The best description of our budget process can be seen when you play “wack-a-mole”
Draught in Brazil and Argentina devastated their farmland. European sanction slowed down Iran oil export to China. China imposed an embargo on US farmers. Inflation is rising in China. Chainsaw Milei cut his own foot. To avoid a shutdown Bessent allowed Argentina central bank a direct line to the Fed liquidity swap. The US will control Argentina commodities minerals.
Argentina just sold soybeans and corn to China. Those were soybeans U.S. farmers used to sell to China.
Bingo!
So… a sinking boat raises the tide?
Mish. I’ve never confused a den of thieves with ‘government’. Turn the clock back about 150 years.
The negotiating is always about how much more we will spend never the size of cuts. Personally I hope its shut down for the next 17 years. Until there is a come to Jesus moment when negotiations are about how big the cuts are there should be nothing to talk about.
Of course socialist Donny who is busy having the government buy shares of public companies has much in common with the left so no doubt we will be negotiating the exact details on how profligate the spending will be.
Don is hardly a socialist. Socialism transfers wealth to the ordinary folk, who then spend it on goods which increases economic activity.
it is facists transfer government wealth to rich people who then use it to inflate the prices of assets and crushes the middle class.
A pure kleptocrat. He’s already 5 billion richer since he got elected.
Net no change … except the national debt continues to change and to the upside.
The upper class/Markets love the deficit spending. The lower class loves deficit spending. Middle class being pulled into one of 2 piles of this bifurcated socioeconomic malaise. I’m being pulled into the blackhole on the bottom side but if you own stocks and a home you’re being pulled, without any effort of your own, into the top side. It is painful in the middle but take “comfort” knowing you’re going one of 2 directions, the middle cannot hold.
Subsidies are gov intervention. Without subsidies McCain/Obamacare premium will rise by 18%. The shutdown will devastate federal workers in VA. To keep senator McCain curse Chuck will cave in. Eric Adams caved in. NY will not tolerate Mamdani and AOC together. They might vote for an ex gov who eliminate retired firemen and policemen during covid to cut cost. Today Steve Witkoff and Jerry Kushner will cave in to Bibi.
Without US government subsidies, sectors like agriculture, manufacturing, energy, transportation, infrastructure, etc would all struggle. There are very few sectors in the US that are not subsidized.
It’s my understanding that the Dems want to keep giving free healthcare to illegals.
If this is the case, I doubt the GOP will cave on that. If they do, I certainly hope there’s an enormous outcry from the right.
Be that as it may, it makes sense that the Dems would be pushing for something like this, knowing it’s not likely to happen, thereby giving them something to bargain with.
We’re overdue for a shutdown, so personally I hope it happens.
You get your news from a little envelope inside a box of cracker jack don’t you
That’s how Ben always rolls. No links. No quotes. No real news. Just hearsay
Just:
I heard ….
I read somewhere ….
Someone told me …..
It’s my understanding ….
On the other hand; when Mish posts charts, facts and figures with links, Ben says; that’s only your opinion. And that “could” be wrong.
Lol!
Nope
Vice President Says Democrats Forcing Shutdown Fight Over ‘Healthcare for Illegal Aliens’
Apparently, you’re living under a rock with PapaD.
Lol! And you believe everything Trump and Vance say. If they said the world was flat you’d be buying the flat earth t-shirts.
Dumb f*ck.
So you think Schumer & Jefferies are going to run around yammering about how they’re trying to undo the provision of the BBB that cuts Medicaid spending on illegals?
That’s not a very smart strategy which is what they’re being mum. As far as I can tell though, they haven’t come out and denied it, so it must be true.
Thanks for the name calling. You’re so predictable.
The Dems shutdown argument has nothing to do with medicaid or illegals. It’s about Obamacare subsidies. Many people will face huge increases in their insurance costs. And these increases will be magnified by the effects on the risk pool: some healthy people will be dropping out, raising premiums for those who remain.
In other words, millions of Americans will soon be screaming about unaffordable health care.
Sure. And that’s the part the GOP probably will cave on.
However, the illegals free healthcare is part of the Dem ploy. Ask for something and then give it up, looking like you’ve moved to the middle.
Frankly Ben; the only predictable thing here is your willingness to believe whatever sh*t the Republicans are dishing out.
Is this all you do every day? Get on a blog. Preach the Republican lies. Deny the truth. And kiss Trump’s ass?
And because I call you out on it you immediately attack the Dems, thinking that I will take offence and try to defend them. Sorry to disappoint you but I don’t care about them either.
Don’t you have something more important to do?
Grow up.
Dumb f*ck.
A “news” article that leads with, one partisan character says … is not a news article. It is an ad for a view. Vance’s helpers found the one thing that elicits greatest emotional response and made a tagline out of it. He is a sock puppet.
The vice president has been proven to be a lying sack of excrement, over and over again.
Your source sucks.
Vance is a liar.
or he “does his research”… or he gets messages from the spirit realm.
I was very disappointed that most of these didn’t get raptured away the other day.
You are conflating two completely different things. The ACA tax credits have nothing to do with free healthcare for illegals. Illegals are not eligible for them anyway, and the OBBB passed earlier this year even removed eligibility for them from broad categories of legal immigrants.
But the Dems are trying to remove that provision according to the GOP.
And, FYI, I’m not conflating anything.
Yes, you are conflating.
Can you provide a source to back up the assertion that Dems are trying to negotiate to make illegals eligible for ACA tax credits?
The Dems want permanently extended tax cuts for the ACA and they’d like to claw back BBB cuts to Medicare and Medicade. It stands to reason that the latter would affects illegals at least indirectly because there will be greater scrutiny of recipients in general and less money available.
Top congressional leaders head to the White House ahead of shutdown deadline : NPR
This article, and my post, specifically discusses ACA tax credits. Medicare is a different topic and Ben was conflating the two issues.
AND, THE DEMS AREN’T GOING TO RUN AROUND PUBLICALLY CALLING FOR ILLEGALS TO BE BROUGHT BACK ONTO MEDICAID.
That will make them look even worse. Most people, prior to the BBB negotiations, didn’t know that illegals were getting free Medicaid healthcare in lots of blue states & some red ones.
Since the workers get paid for not working their is some actual waste.
As ive said before they should give each department a base level of funding. Want to send 800 million to Ukraine or fema for hurricane relief. That total would get split by the number of tax payers. Maybe adjusted by tax bracket. Then listed on tax forms so each ind will know how much is their share. Say. Hurricane relief for xxxxxx= 10 dollars. Funding for Ukraine = 20 dollars. Your yearly payment of nat debt = 100 dollars Etc.
that way the people will have a stake and understanding where their money goes.
Its easy for politicians to not be accountable when the numbers are huge and the people don’t see it directly. Easy to go along with wars when it doesn’t directly affect your pocket book
Easier for graft also
Whoever meets with Trump, whenever, under whatever auspices, it is a complete crapshoot. However, it seems to radically improve the fractally weird odds, because of his impulsiveness, and mysterious susceptibility to blurt out things at sudden meetings. He is heedless of things like budget consequences. I think he is more tuned to what his brain tells him this plays like, on (1980s) TV.
Look what Trump said after talking to Zelensky the other week (not that I believe it), a 180 degree switch from years of other rhetoric. That does not a USA (or even Trump) commitment make, of course. And there’s the rub. But It has been fun, watching Russian TV (youtube has clips with translations), as they tie themselves in knots over there. They thought he was their best buddy. Nice for them to get this medicine and gaslighting for a change, the rest of the world has been putting up with.
What Trump said about Ukraine also makes sense because it puts some urgency on the table for the EU to take Ukraine more seriously and get their act together in terms of diplomacy & providing military arms.
The arms aren’t there to give. In Europe or America.
Only an idiot would think Trump was their best buddy.
Epstein was the closest, and he went under the bus with the rest.