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

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.

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

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Time Like No Other-Bob Davis Podcast 826

Time Like No Other-Bob Davis Podcast 826

We’re living through a time like no other. Talking heads constantly compare our time to other times. Does that make sense these days? We’ll talk about it in Time Like No Other-Bob Davis Podcast 826.

Fall Of Rome Anyone?

We’re living through an era ‘like’ the end of the Roman Empire, the foundation of the American Republic, the Civil War, even the 1920’s, say pundits.

Civil War?

Our political divisions are ‘just like‘ those before the Civil War. Is this valid? We’ll talk about it in Time Like No Other-Bob Davis Podcast 826.

World War One On The Menu?

In addition our time is supposedly just like the time before World War One because we face trouble in Eastern Europe and the Middle East and there is a backlash to free trade. Does this make sense?

Trump and Hayes

Hapless political figures are compared to President Trump. Andrew Jackson. James Buchanan. Even Abe Lincoln, Andrew Jackson and Richard Nixon. Rutherford B. Hates and George Wallace. These comparisons are inaccurate. Comparisons suggest an outcome. Also inaccurate.

Ours Is A Unique Era

Finally these comparisons hide the fact that we are living through a unique time. Institutions that have existed for hundreds and even thousands of years appear to be in rapid decline today. At the same time scientific and technological advancements promise even more disruption in the days to come.

Borders, Drones, Social Media As A Weapon and AI

From Border issues to Artificial Intelligence to the rise of Social Media as a weapon. New companies and new products generate unprecedented profits. People seem to be losing faith in their governments. How will we handle these issues?

This Is Not A Movie

Above all comparing our population and technology to ancient and bygone times might make great movies, but bad reality.

In conclusion, we don’t address critical challenges when we look to the past.

By all means let’s learn from history but history isn’t a simple template you can apply to the present time. We’re making it up as we go. Maybe it’s time to accept this really is a new and unique age and act accordingly.

(Editor’s Note: This is a complex podcast. When I do these kinds of podcasts I rush a little to get through necessary details, so I can get to the conclusions. And of course, when rush I can misspeak. The most glaring example in this podcast? I confused President Andrew Jackson with President Andrew Johnson. Seconds before speaking about Jackson, I jumped ahead to the 1860’s when Johnson, not Jackson was impeached.)

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Time Like No Other-Bob Davis Podcast 826

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United States-Emergency-Spectacle-Bob Davis Podcast 807

United States-Emergency-Spectacle-Bob Davis Podcast 807

I am so sick of the media speculating on what’s ‘about’ to happen and predicting the future these days. So when something actually happens it’s worth talking about. Learn more in United States-Emergency-Spectacle-Bob Davis Podcast 807.

Trump Loves Bombshells and So Does The Media

Moreover when it’s a bombshell that triggers uproar from all sides of the so called political spectrum, it’s news.

All About Trump

The president has been talking about declaring an emergency for weeks. In addition there have been rumors his unhappiness with a legislative compromise that netted only about one fifth of what he wanted for his ‘big beautiful wall’ on the southern US border. It’s been a spectacle. It’s about to become a most noteworthy example of a political dumpster fire.

Can He Really Do That?

Especially relevant is the question of whether the president can actually declare an emergency to build a border wall. Obviously the Administration thinks so. There are currently thirty states of emergency already declared by presidents going back to Jimmy Carter. This will be number 31. We’ll talk about in United States-Emergency-Spectacle-Bob Davis Podcast 807.

All About The Approval Rating

There will be court challenges and lots of and lots of news coverage. Here’s the thing. Immigration and the border wall is a good issue for the president. Already some polls have his approval rating over fifty percent. As to whether a wall will actually work? I guess that remains to be seen.

Big Spending Big Government Republicans

Lost in the shuffle is a new budget bill that substantially increases federal spending. With the national debt at 22 trillion and more than 100 percent of the nation’s GDP you could call Trump President Donald Baines Nixon. With this spending bill you could call him Donald Barack Trump. (Editor’s Note: I refer to the debt of the US as the Budget Deficit which is probably somewhere around half a trillion. The 22 trillion dollar figure is in actuality the total debt of the US, currently at about 105 percent of the country’s GDP).

So Long Suckas

Suddenly the guy many republicans thought was ‘conservative’ is taking fire from the right as well as the left.

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United States-Emergency-Spectacle-Bob Davis Podcast 807

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