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 537-Bob Davis Podcasts Radio Show-39

Podcast 537-Bob Davis Podcasts Radio Show-39. This week’s radio show contains 3 segments of new content for radio listeners and podcast subscribers. While the mission of the radio show is to bring content from the podcasts back to the radio, the political situation this week requires some additional thinking and reworking some of the ideas in Podcast 536.¬†Podcast 537-Bob Davis Podcasts Radio Show-39 takes a look at what’s wrong with our political party system and makes some policy suggestions on the economy as thought starters for listeners and subscribers. These aren’t so much policy advocacy as a method to provoke thought and conversation around the idea that we have to do better. We have to hold our politicians and the political system to a higher standard, because we deserve better. As we progress to the final stages of the worst presidential election cycle in one hundred years the realization comes that no matter who takes the oath of office in January of 2017 the chances anything will change are remote. In fact, our national situation will either muddle along the same lines, or chaos will ensue. Your guess is as good as anyone else’s when it comes to which mainline candidate will produce muddle, or chaos. I’m not even sure which of both negative outcomes I would prefer, if such a thing is something you contemplate. Later in the show, questions about our national political themes. What happened to the America that was strong, not afraid to compete in the world, not afraid of the world, and ready to take risks to achieve. How did we become a nation of depressed, conspiracy theory mavens and people demanding someone ‘help’, ready to attack anyone for their view if it is contrary to their own? What happened to our money? What happened to our leadership? I believe what happened was too much government, expected to do too much, with mediocre ‘leaders’ who go along to get along, so they can keep their cushy jobs. We have to take it back. Taking it back means creating a new political movement in this country that pushes past the crust of the political party and primary systems, designed to keep the establishment in control. They tax us, divide us, scare us and control us, all to the purpose of making sure we’re good boys and girls. Remember, the people are the sovereign in this country, not Washington. Sponsored by X Government Cars and Ryan Plumbing and Heating of Saint Paul.