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

 

 

Spiritual Bankruptcy-New Moralists-Bob Davis Podcast 795

It seems like the talking heads are always telling us what our problems are. The moralists are back trying to shore up their audiences. They are making the case our economic system and politics are making us unhappy. Learn more in Spiritual Bankruptcy-New Moralists-Bob Davis Podcast 795.

Happiness

First of all, who or what is responsible for our happiness? Where does happiness come from? We’ll talk about it in Spiritual Bankruptcy-New Moralists-Bob Davis Podcast 795.

Happiness and Government

Furthermore I was trying to do a yoga podcast. Due to the political and social nature of the topic I have to explain why this question of happiness and government has come up.

The New Moralism

Most noteworthy this week is the fact that most of the moralism is coming from the supposed political right.

Moral Health Of America

Because of Senator Mitt Romney, Tucker Carlson and Armstrong Williams commentary on the ‘moral‘ nature of Americans I feel the need to respond.

Republicans Attack Capitalism?

Especially relevant are Romney’s attacks on the president’s moral character and Tucker Carlson’s attacks on capitalism and our political leaders’ responsibilities.

Republicans Embrace Chavez and Marx

Finally since when do so called conservatives start sounding like Hugo Chavez and Karl Marx? It isn’t the job of our politicians to ‘make us happy’. Certainly we claim the right to the pursuit of happiness, not the right to the condition of happiness.

Who’s Job Is It To Make Me Happy?

Also it is our job to make ourselves happy. I provide some suggestions for that in Spiritual Bankruptcy-New Moralists-Bob Davis Podcast 795.

The Devil Marijuana

Finally Romney, Tucker and Armstrong use unsupported assessments of marijuana usage, rape and sexual harassment and general economic ‘malaise’ to support their points. They say this country is in moral decline.

It’s Getting Better Not Worse

In conclusion things are actually getting better. All the world’s problems are not solved, but it is a shock to me that so called conservative opinionators can’t look on the bright side anymore.

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Spiritual Bankruptcy-New Moralists-Bob Davis Podcast 795

 

 

 

Sushi-Shutdown-Emergency-Bully-Pulpit-Bob Davis Podcast 794

These days we content creators have to post advisories and disclaimers. This podcast is not a list of reasons to ‘build the wall’. It does not include 5 reasons to impeach Trump. Learn more in Sushi-Shutdown-Emergency-Bully-Pulpit-Bob Davis Podcast 794.

Trump Blew It In 2018

Especially relevant is the fact that less than a month ago the so called conservative base was furious at the president and the republican party for taking a ‘shellacking’ in the midterm elections.

It Is Trump’s Fault

Furthermore I did several podcasts on the midterms explaining polling showed the GOP did not have to lose congress.

Raise The Stakes To Win

Therefore it is most noteworthy that the president opened the new year by raising the stakes. First a government shut down. Then threats to declare an national emergency.

What’s the issue?

A campaign promise by Donald Trump to solve what he has described as a crisis on the border.

Consequently, the solution he hit upon? ‘Build A Wall‘.

First of all. the president failed to get a republican congress to fund a wall. Now he has redoubled his efforts to get a democrat house to fund the wall, which they say they won’t. Enter the shut down. Enter the specter of a ‘National Emergency‘.

Outrage Controversy and Emotional Outpouring

If outrage and controversy over the shut down wasn’t enough, Trump is raising the stakes with threats to declare a national emergency. Under an emergency the military can build what is now described as a steel barrier by the president. Or at least he thinks so. Is he right? Find out in Sushi-Shutdown-Emergency-Bully-Pulpit-Bob Davis Podcast 794.

The Sushi Shutdown

After a late evening sushi happy hour, I came to my studio to tell the truth about this whole episode. It’s not about the shut down or even a national emergency. Trump is doing what Roy Cohn taught him to do many years ago. Make threats. Throw tantrums. Demand. Raise the stakes until the other guy gives you what he wants. Above all force the opposition to talk about what you want to talk about. Control the media battle space. Use the ‘bully pulpit‘.

Throwing Blood In The Water To Shore Up The Base

In conclusion, Trump does this again and again. And everyone takes the bait, hook line and sinker.

Every time.

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Sushi-Shutdown-Emergency-Bully-Pulpit-Bob Davis Podcast 794