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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Republican Dark Future-Raising The Stakes-Bob Davis Podcast 780

Republican Dark Future-Raising The Stakes-Bob Davis Podcast 780

The political blame game has only just begun for republicans. What’s wrong and what is the future for the GOP. We’ll talk about it in Republican Dark Future-Raising The Stakes-Bob Davis Podcast 780.

A Dark Future For So Called Conservatives

Most noteworthy, and not surprisingly talking heads who predicted the GOP would hold the house (they were wrong) are now telling anyone who will listen how to fix the failed republican effort. The real truth is the republican party has a dark future.

A Deal With The Devil

What happened? Let’s be honest. Republican Moderates made a deal with a reality TV host and real estate developer. He would be the standard bearer and they would run things. Turned out neither was very good at either.

Reality Show Government

With only two major legislative accomplishments to its credit, the Trump administration has become a reality show played out on Twitter and Cable news.

All Things Republican Trumpism Is Not

Meanwhile the president ‘fixes’ everything and ‘drains the swamp’ with executive orders, which of course can be reversed. Free trade? Not this president.

Supply Side Economics? Nope. Cutting spending? Not gonna happen. Repealing the Affordable Care Act? You can forget about that. Now, growing concerns about a possible recession and corporate debt, actually all kinds of debt, even though the president says the economy is “Booming”.

A Republican Is Burying Us In Deficits?

Demand we “Build A Wall” and refuse to pay for it? Deploy United States Troops within the borders of the USA? Adding Trillions to the budget deficit? Yep. Failing to solve immigration, education and health care issues? Sure. Dear readers and listeners! Is this really what a conservative republican president is supposed to do? I’ll ask the question in Republican Dark Future-Raising The Stakes-Bob Davis Podcast 780.

Campaigning On Thin Air

In conclusion, republicans in 2018 had to defend this president or get out. In the end those that stayed to face the music had to campaign on slogans and defending Trumpism because there weren’t many accomplishments and even less money. Meanwhile well funded democrats sold a plan and got the vote out. I guess something beats nothing.

But Hey, It’s Not Hillary

It’s hard to hear but republicans are another side of the same political coin. Collectivist policies and the expansion of government and executive power to the extent that it may already be democratic socialism seems to be the result no matter which party is in control.

In the end, Republicans are just as responsible for it as democrats.

But. At least it’s not Hillary, right?

Sponsored by Reliafund Payment Processors, Ryan Plumbing and Heating of Saint Paul and Johantgen Jewelers of Crystal

Republican Dark Future-Raising The Stakes-Bob Davis Podcast 780

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