Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

Another Trillion Dollars

This week the president’s budget deal adds a trillion dollars to the National Debt. These days it’s depressing when so called conservatives say, “Deficits Don’t Matter“. Learn more in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

Trump Republicans Spending and More Debt

Above all, Trump’s spending is on pace with Obama first term red ink.

I’ll Pay Off The Deficit In Eight Years

Moreover campaigning in 2016, Trump said he’d pay off the deficit in just eight years. In those days the deficit was 20 trillion. It’s now almost 23 trillion.

Current Federal Debt Is Unsustainable? Bring It on!

As the president began his second year in office, the General Accounting Office released a report on the national debt. The current Federal Fiscal Situation is unsustainable, it said. More in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

Republicans Addition To Debt Peaks In 2030

In fact, the GAO report showed US debt beginning to rise and peak in 2030, long after Trump has left the White House.

American Cities Are Broke Again

Over 70 US cities are in deep financial trouble. New York City is broke. Los Angeles isn’t far behind. Chicago is in a tailspin. I’ll explain it in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

The Amount of Spending And Debt Is Shocking

When it comes to cities, counties and states investigators have to use forensic accounting to find out what’s going on. Even in small towns and counties across the country those investigations are uncovering a shocking amount of spending and debt.

Bonding On Bonding

Even more, states use bonding bills to get around balancing budgets. Therefore creating more debt through bonding.

Corporate Debt Binge

US corporations are on a debt binge too. Corporate debt is skyrocketing. It’s now 45 percent of our GDP. Much higher than during the 2008 crisis and dotcom bubble.

Americans Saved The Economy In The 2nd Quarter With More Debt

In addition Americans are more indebted than they were before 2008. US Household debt is 13.3 trillion in the second quarter. Much of it auto loans. Certainly Americans don’t save enough.

Conservatives Say Don’t Worry

Republicans say debt doesn’t matter and democrats have a new monetary theory. There’s nothing to worry about. Right? The US can “print” as much money as it needs as long as it prints US dollars.

Politicians Handing Out Goodies

Goodies like free college, single payer health, a green new deal, a higher minimum wage and guaranteed full employment are just around the corner. Just simply print money.

[Editor’s Note: In this podcast I used a quote from President Trump saying that he said, “No politician has ever been thrown out of office for not spending money. In fact he is reported to have told Senator McConnell, “No politician has ever lost his job for SPENDING money.”)

Forget Rome, England, Spain, Germany, Venezuela and Zimbabwe.

Sponsored by Lacroix Law, Reliafund Payment Processors and Ryan Plumbing and Heating of Saint Paul

Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

 

 

Podcast 369

Night Train. An Amtrak train going over 100 miles an hour derails and the reason for the crash? Infrastructure. Really? It will be weeks before the real cause of the crash, which killed at least 7 people is known. Yet the ghouls in Congress are already making the most out of a crisis and tragedy by demanding, you guessed it, more spending for ‘infrastructure’. Is that what we really need? Speaking of train wrecks, Jeb Bush, a sort of candidate for the republican presidential nomination, answered a question last week he shouldn’t have, and now he is ‘evolving’ his comments. Bush said he would have supported the Iraq invasion in 2003, if he had been in Congress. No wait, now he says he wouldn’t have, if he knew then what he knows now. Well of course Governor! Bush should have instructed his interviewer to ask someone who actually voted for the resolution, or ordered the invasion. In the process Jeb Bush – the so called ‘smart Bush’ – missed the point; Republicans do not have a foreign policy. Democrats do not have a foreign policy. The President does not have a foreign policy. We’re in a new era with new rules. For one thing, with the US as the world’s largest oil producer, and largest swing producer state, it changes the picture considerably. Second, unfortunately we now know that invading countries, fixing them, and then leaving precipitously is probably not a workable policy. Other than that, no candidate whether democrat or republican has been able to articulate a foreign policy position that makes any sense. A protest in Minneapolis this week resulted in the police using pepper spray, and apparently inadvertently pepper spraying a ten year old. Now the mom wants answers. We want answers to, like why on earth would you take a ten year old kid to a potentially violent protest? Apparently no one has any common sense anymore. The Pope continues to wave the red flag, and when he’s not doing that, he’s genuflecting to communists, or pushing his version of global warming. Joining the world’s biggest useful idiot (the Pope) is the world’s second most celebrated useful idiot Francois Hollande, President of France, giving Raul Castro a rock star welcome to the fourth republic. A former bodyguard to Fidel Castro is telling his story, after years of torture and incarceration at the hands of the communist dictator. While the Cuban people starved, Fidel Castro enjoyed luxury in several estates, drank wine, cavorted with mistresses, and offered rich American movie stars (did I mention useful idiots) holidays at his Bay of Pigs ‘ranche’. We are now being warned of the impending disasters which will be brought by El Nino. Do you know what the effects of an El Nino event are? Do you know how accurate the predictions are? Find out in this podcast. Sponsored by X Government Cars.

Podcast 193

Robin Williams dead at 63. Updates on all the major stories for the week ahead. IBM has developed a ‘supercomputer on a chip’ that will be able to function like a human brain. As developments like this continue, what will the future look like for when we work, how we work, how we get paid, and how we consume. How’s your economy doing? Only 48 percent of Americans could lay their hands on four hundred dollars in cash, for an emergency! A third simply could not get ‘that much’. Meanwhile, investigations into waste, fraud and corruption in the US Federal Government are being thwarted, and an award winning ‘tele-work’ program at the US Patent office is rife with fraud; People who work for you — sorry…the ‘Government’ — working far fewer hours than they’re reporting and getting paid for. Wonder where the money is going? The big story; The airstrikes against the Islamic State heavy weapons engaging Iraqi Kurdistan. How are partisan political forces in the US reacting to the strikes, as Iraq begins to descend into chaos. What’s the takeaway? What politician is filling the void? Ladies and Gentlemen, I give you Hillary Rodham Clinton, the clearest voice in Foreign Policy this week. The coldest summer since 2004 may turn into a hot September. Remember Radio Shack? It may be a thing of the past (even though some people think it already is … of course it has ‘radio’ in its name) by Christmas. Finally, a comedian, a genius and a great dramatic actor, Robin Williams was found dead in his house Monday morning. A big loss. Sponsored by X Government Cars.