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

 

 

Real Machinery Hill-Pioneer Power Show-Bob Davis Podcast 749

In my line of work every now and then you come across something amazing. I spent a weekend at the Pioneer Power Show and had a blast. Check it out in Real Machinery Hill-Pioneer Power Show-Bob Davis Podcast 749.

Living History

If you want to see living history the Pioneer Power Show is the place.

Every development in farming technology is represented here.

Back Breaking Work Brute Strength

Most noteworthy more than a century ago brute strength powered the farm. Men and animals cleared land, planted crops and harvested. Mechanization of the farm was a revolution for farmers and consumers.

Steam Power Revolution

Portable Steam power represented a revolution in agriculture starting in the 1870’s. As a result of steam power farmers could do more.

Today’s Tech Is Invisible

These days we tend to ignore the impact of technology because we can’t see it working. Steam was a huge source of motive power in America a hundred years ago. Gas and diesel eventually replaced steam and those developments are at the show but you can’t miss the huge, belching steam engines.

Hear the steam engines. Meet the people who work on them. Learn how they were built and how they worked in Real Machinery Hill-Pioneer Power Show-Bob Davis Podcast 749.

Anger Emotion And Loss

Finally a personal note. I find emotions like anger and the feeling of loss at the root of what is going on in this country today. Everyday it gets harder and harder to shout into the noise. Furthermore advancing the story or thinking on almost any issue is just about impossible.

There’s Still An America with Passion and Character

In conclusion I have learned finding and talking to people doing something they love and learning while they do it is a powerful reminder that whatever is wrong won’t be wrong forever. Especially relevant is the character of people doing something they love, teaching others about it, and having fun while they do it.

Thanks to everyone at the Le Sueur, Minnesota Pioneer Power Show for a great weekend.

Sponsored by John D Scott Personal Injury Lawyer at Hoffman Hamer and Associates and Ryan Plumbing and Heating of Saint Paul

(Editor’s Note: In this podcast I suggest the first steam engine was made in 1867, and I am referring specifically to portable steam power for farming and other uses. Obviously the steam engine was invented many decades before 1867.)

Real Machinery Hill-Pioneer Power Show-Bob Davis Podcast 749

 

 

 

 

 

 

Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737

President Trump slapped tax increases on goods imported to the US from Europe, China, Mexico and Canada. Our trading partners retaliated with their own tariffs. Now what? Find out in Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737.

What Is A Tariff Anyway?

Finally someone has defined what a tariff is. Moreover you might be surprised to learn the history of trade legislation in the United States goes back to 1789.

These days we are awash in charges and counter charges in the media. Trade Wars and Rumors of Trade Wars. This kind of coverage doesn’t serve anyone.

1945 Looms Large In Trade Discussions

Most noteworthy is the impact of World War 2 and the advent of nuclear weapons in 1945. Since then, trade deals have been  considered central to keeping the peace and stabilizing the world.

Trade Has Been A Political Football since Hamilton

Trade has been regional and national issue in the United States in every political era. None other than Alexander Hamilton was an advocate of high taxes on imports going back to 1789.

Trump A Throw Back To The 1840’s?

Moreover tariffs were an issue in local and national politics in the US until the introduction of the Income Tax in 1913. Is President Trump a throw back to the 1840’s? Find out in Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737.

NAFTA China Mercantilism Free Trade

We hear so much in the news about trade but few of us understand it. China. NAFTA. Mercantilism. Trade Protection. Free Trade. As citizens we need to make informed decisions about what is best for each of us individually and the country. With all the noise about trade it’s almost impossible for people to do that.

Especially Relevant Today As It Was Back In The Day

In conclusion with yet another new trade bill in the offing the question of whether the US should protect its markets or open them is as relevant today as it was in 1789.

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

Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737