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.

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

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Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833

Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833

There Goes Your Tax Cut

How’s the price of gas these days? How’s the price of diesel? We pay nearly 3 dollars a gallon or more at the pump. Especially for diesel. Republicans always talk about lower taxes. Not Trump. The president wants at least a 15 cent per gallon increase in the federal gas tax. Find out why in Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833.

What The Lord Giveth, He Taketh Away

Most noteworthy is the existing 18 cent federal tax on gas and almost 25 cents a gallon for diesel. Even more, most state lawmakers want increases in their state gas taxes.

Drunken Sailors Fighting on The Dance Floor

Sure they take in a lot of money in Washington and the state capitol. In contrast states and the federal government actually spend piles of money. Not to mention your local town or city. For information about that, click here.

Bonding Bonding Bonding

I live in Minnesota. They’re not supposed to, but here politicians throw in bonding packages in just about every legislative session.

You Can’t Get There From Anywhere During ‘Construction Season’

The result? Bonding on bonding. Some projects fully funded, haven’t even been started. Even more, there’s so much construction people are tearing their hair out trying to get to work.

Gas Taxes – Not Just For Highways Anymore

Stadiums. Light Rail. Train Stations. Bus Lanes. Bike Trails. Subsidized bike rentals. Running paths. Signs. Talking Traffic Lights. Roundabouts. Federally compliant intersections and curbs. Sometimes projects finished a couple of years ago are torn up and redone. Notice there are no highways or roads in that list. We still need more money for all those highway projects too. Add Trump’s airports and bridges and it means tax increases. Corporations aren’t going to pay for it.

Five Floors of 1800 Dollar A Month Rentals and a Starbucks On Every Corner

Moreover subsidies for ‘affordable’ housing projects which are really five story condos and 1800 dollar a month rentals with a Starbucks on the ground floor everywhere. Funding for these projects are cobbled together from Federal Transit Authority money.

Thanks Taxpayers!

That is, your money. Learn more in Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833.

Republicans Love Lower Taxes, More Spending and Ballooning Deficits

Finally, as republicans ballyhoo their 2017 tax cut and campaign on lower taxes, they keep spending. In Minnesota they passed a five hundred million dollar bonding bill and a 48 billion dollar budget last week and they think they did a great job. This year the federal budget is 4.4 trillion. That’s a trillion more than Barack Obama’s average. The US Budget Deficit this year will be more than a trillion dollars. Our total debt is estimated at 22 trillion.

Buddy Can You Spare 67 Thousand Dollars?

The raw dollar amounts these governments take in will make you sick. Especially relevant is the fact that every American is on the hook for 67 thousand dollars in federal debt alone, and counting. Because despite the revenue, they keep spending more and more, whether they have a D or an R in front of their name. Sooner or later the piper has to be paid. Spending, whether it comes from tax collections or bonds, always ends up as a tax.

The Man Who Lost Billions Wants You To Pay For … Another New Airport

And here comes the man who built skyscrapers and lost billions doing it, Donald Trump. He wants to put his name on airports, subways and bridges we don’t need, and make us pay for it.

What would Ben Franklin say to the woman about our government today?

“It’s a Hypo-cracy Madam. If you can keep it”.

Why would you want to?

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Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833

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Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661

Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661

Back to the grindstone in Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661. As Texas struggles with the aftermath of one major storm, another is on the way. North Korea’s Hydrogen Bomb and a full congressional schedule means we’re suddenly we’re back in a news rich environment.

President Trump Is Santa Claus

Especially relevant is the question of whether the US Federal Government is actually Santa Claus. Make your list, check it twice. While Republicans talk about individual responsibility when it comes to disaster, concerns about debt and overspending go out the window. Another hurricane, another opportunity for presidents to wear the jacket and the hat and show up to help. It’s all about public relations. We’ll talk about it in Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661.

Hug Some Babies Phase Out DACA

President Trump made the obligatory trip to the hurricane zone over the weekend, then signed an order to phase out DACA at the beginning of the week. A campaign promise fulfilled, or kicking a problem to congress? Is it wrong to suggest a complete immigration reform package passed before phasing out the program with an executive order might be a better path?

It’s a Business, right?

We expect presidents to rule through fiat. “Run It Like A Business!” Problem is Santa Claus can’t do much with executive orders. Real reform requires congressional action. Getting that done requires real political acumen of the president. Businesses can’t print money to pay off their debt. In Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661.

Tax Reform Means Raising Taxes

Tax Reform now looms as the next legislative failure for a GOP majority. ‘Cutting Taxes’ might mean raising taxes in places people who voted Republican might not expect. Requiring ‘revenue neutral‘ proposals means ‘tax cuts’ rather than spending cuts. With debt over 100 percent of the GDP maybe Santa Claus should stay home. Not a chance. Find out why I say this in Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661.

Bombs Away

Then there’s North Korea. They’ve got a bomb and a missile. Trump has a saber to rattle. Maybe it will work. Then again maybe the Doom Merchants on You Tube are right about September 23rd, 2017.

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Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661

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