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.

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

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

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Playing The Something Is Going To Happen Game-Podcast 644

Playing The Something Is Going To Happen Game-Podcast 644

You can already feel it. The long fourth of July weekend approaching. We’re starting to slow down. So, for the ride to the lake. During periods of rain. It’s fun to think about what might happen. In Playing The Something Is Going To Happen Game-Podcast 644.

Podcasts Have To Go Deeper

I podcast a lot about media’s role in our society. For a deeper look at angst listen to Podcast 643. We’re awash in media informing us of the latest developments. ‘Breaking News’ is the norm these days. Podcasters have to go deeper. We’ll do that in Playing The Something Is Going To Happen Game-Podcast 644.

The Next Black Swan Event Is…

Truth is, I do feel a growing sense that ‘something is going to happen’. A true ‘Black Swan’ event is something unpredictable. An event that changes the course of history. Black Swan events like the stock market crash of 1929 or the September 11th Terror Attacks were not predicted, although some might have had some forewarning. Some predicted the financial crisis of 2008, but on the whole, it was a surprise.

A Personal Story Of A Shocking and Unexpected Event

A recent example of an unpredictable event in my own life illustrates the kinds of changes we go through when things change, unexpectedly and unpredictably. Moreover in my experience a sense expectation can mean something good is about to happen too. Especially important and relevant is an expectation of a major event that changes history. This kind of expectation is a sense of foreboding.

Not The Latest Dispatch From Washington

In a broader sense our social angst is driven by constant coverage of breaking news and new opinions on every little thing that happens in a place called Washington DC. Playing the ‘Something Is Going To Happen’ game is not anticipating news out of Washington.

Making History

A true Black Swan event is something out of the so called left field. An event in the financial world. Something breaking loose from the sense of normalcy in the rest of the world. An unexpected and totally new development from the world of invention. An event that changes history.

We Don’t Change on A Dime…Or Do We?

We think of eras as decades. The 1950’s, the 1960’s, and so on. We think of changes taking place when governments transfer power. So, the Obama era gives way to the Trump era. Except that is not the way it works, Steve Jobs said what we think of as the 1960’s actually happened in the 1970’s. Events actually determine when we move from one era to the next.

To sum up, a new president took office in January. After a lot of chatter and fireworks, nothing substantial has really happened. The test of the new president hasn’t really emerged yet. Fertile ground for our imaginations to break free from the daily news feeds and imagine what could happen. Enjoy the July 4th holiday! (Editor’s Note: In This Podcast I refer to Nouriel Roubini as the person who coined the term ‘black swan’. It was in fact  Nassim Nicholas Taleb.)

Sponsored by X Government Cars and Ryan Plumbing and Heating of Saint Paul

Playing The Something Is Going To Happen Game-Podcast 644

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The Bob Davis Podcasts

Podcast 532

What I think of Election 2016. Getting emails and calls from people political analysts would consider ‘low information voters’ asking what I think and who they should vote for. So in this podcast I am going to tell you. First thing? When you consider the low quality of all reporting on election 2016 everyone is pretty much a low information voter. In 2016 the country is facing decisions on major issues in economics, immigration, trade, foreign policy, military, diplomacy, social issues and more. Almost no one fully understands the contours of these issues well enough to discuss them. Instead what we have are tribes of people who are very emotional about these issues. They know the latest meme. They know all about the latest scandal and the latest ‘story’ evolving concerning who said what about who, and the reaction to it, but when they’re asked to discuss any of the key issues of our time with clarity and depth, as they say in the windy city; “fergitaboutit”. Who do I think should be president in 2017? None of them. Repeat. None of them. If you include the so called independent candidates and the mainline party candidates they’re nothing but placeholders. Someone needs to lay out what the potential outcome of this election will be, regardless of who wins the office. I start – repeat start – to do that in this podcast. I realized about twenty minutes in, this is going to take more than one ‘talk’ podcast (with no editing) to lay out all the possibilities and outcomes. Bottom line? None of the potential outcomes bode well for the future of the United States. We’ve had a series of placeholder presidents, and it looks like we’re about to have another. Meanwhile, the country is getting closer and closer to what I call a ‘clarifying’ event that will wake people up from their media induced hypnosis, and reinvigorate the political process. Maybe. Maybe not. Meanwhile, if you expect to get information from television and radio, and from the standard websites these days, I feel sorry for you. If you guess you’ll find “the truth” on You Tube’s conspiracy channels, and the Drudge Report, guess again. In What I Think of Election 2016 you’ll get my read at the present time, which sets up future podcasts specifically on the issues in the hope of giving listeners to the Bob Davis Podcasts a little more substance and depth than you’ll find anywhere else. Meanwhile, it’s on to the motorcycle rally at Sturgis from here. Sponsored by Hydrus Performance and Brush Studio in the West End, Saint Louis Park.

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