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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Gen Z-Millennials-Brave New World-Bob Davis Podcast 798

Gen Z-Millennials-Brave New World-Bob Davis Podcast 798

Recent polls show solid support for socialism by Generation Z and Millennial Americans. Especially relevant is whether today’s ‘conservatives’ have the arguments against socialism. Find out in Gen Z-Millennials-Brave New World-Bob Davis Podcast 798. (Editor’s Note: The title of this podcast was Gen Z-Millennials-Prefer Socialism-Bob Davis Podcast 798 but had to be changed to meet FaceBook’s nonsensical, arbitrary and otherwise byzantine standards for commentary and journalism they think is a political ad. Speaking of a Brave New World!)

Strong Support For New Ideas

First of All, young Americans support for single payer health insurance. They like the idea of free college. Moreover there’s also support for federal job guarantees.

Voting Democrat

Also younger adults voted for democrats 2018 which helped hand President Trump a stinging defeat.

Shock

In contrast Older Americans are shocked. Why? Learn more in Gen Z-Millennials-Brave New World-Bob Davis Podcast 798.

Socialist Definitions

First of all, start with defining socialism.

Is There An Argument In The House?

Consequently, if you’re against socialism, what are the arguments in favor of capitalism?

Party Of Thinkers Has Become The Party of Red Faced Sputtering

Conservatives used to say they were the ‘thinkers’. Certainly democrats were ’emotional’ and had ‘no plan’. These days it seems like the shoe’s on the other foot.

A Plan Beats No Plan

Even more, democrats seem to have an awful lot of ideas backed up by academics. Policy details about new ideas like the Modern Monetary Theory and Universal Basic Income, or Open Borders, are part of their plan for the future. What’s the republican plan?

GOP Failing

Republicans have failed to repeal the Affordable Care Act. The GOP has increased spending and increased the deficit after complaining about deficits during the Obama years.

Republicans who were furious at President Obama’s “I have a pen and a phone” taunt applaud President Trump for using executive power to govern. And republicans are only too happy to support this kind of executive overreach.

Lack Of Principles

As a result one wonders whether republicans anywhere have arguments against socialism beyond pointing to Venezuela’s crisis and name calling. This will not do in 2020. You can’t grow a party without principles.

Laying Down And Letting Someone Else Make The Arguments

In conclusion I have often said there’s too much advocacy media. Republicans are only too willing to lay down while someone else grandstands or calls names, plays tricks and makes their arguments for them. Sadly, republicans are obsessed with ‘messaging’ while their children and grandchildren are socialists.

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Gen Z-Millennials-Brave New World-Bob Davis Podcast 798

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Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797

Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797

First of all they say an eclipse brings change. Do you think we need change or have we had enough? Learn more in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

Shouting Across the Aisle

These days all you hear about is the latest insult. What one is doing to the other. What the other said about the one. Meanwhile there are lessons to be learned from the longest ‘government shut down in history’, even if it is over by the time you listen to this podcast.

Feds Furloughed. What About The Rest Of The Country?

As federal workers head into their second pay period with no paycheck, certainly they have concerns about the future. What about the rest of the country?

US Federal Government. Too Big To Fail?

In contrast to the furloughed feds, the rest of us are learning just how important the federal government is to the overall US Economy. In my state the federal government is one of the top five employers. The same is true to varying degrees in most other states. Find out more in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

Fruits Of Government Not Labor

Consequently all the talking heads seem to be focused on the fruits of the government, and what happens when those fruits are taken away.

While the rest of the world bemoans the state of the federal employee, what about the impact of government spending? It’s all in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

New Theory Spend, Borrow, Print

A new modern monetary theory everyone in Washington is taking about says it doesn’t matter how much we borrow and spend. Or tax. All we have to do is print more money. There’s no sunset to the wonderful things we can do for Americans and the rest of the world. Rome had the same idea.

We’re All Globalists Now

Furthermore younger demographics don’t have a problem with the supreme sovereignty of the state or spending. And there is a fair amount of support in younger demographics for globalism, despite Brexit and the Yellow Vest Protests.

Republicans want to borrow for things they want, and so do democrats!

Spending and Borrowing? Both Political Parties Are Bankrupt

When it comes to spending it doesn’t matter whether there is a R or a D in front of a name. For example, what’s the argument against borrow and spend when you spend and borrow?

Pass Me The Soma!

Finally one thing about an eclipse. We get to see just how fast things are moving. As the soma from our biggest satellite faded from the sky recently, one wonders how long it will be before the benefits of individual sovereignty and freedom fade also.

Out With The Old…

In conclusion, isn’t that what an eclipse is all about? Out with the old…In with the new. ( Editor’s Note: That fantastic picture of the blood moon Sunday, January 21st was taken by Mitch Rossow, of Mitch Rossow Photography, from his roof in Uptown Minneapolis.)

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Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797

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