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

 

 

Rule Of Law-Rhetoric-Bob Davis Podcast 831

Rule Of Law Battle Cry

The latest battle cry among democrats is “We don’t follow the rule of law in this country these days”. Is the House of Representatives playing the white knight battling a lawless pretender in the White House? Find out in Rule Of Law-Rhetoric-Bob Davis Podcast 831.

Democrats and Republicans Fight Like Cats and Dogs

Especially relevant is the ongoing battle between democrats the house and the republican president. The flashpoint? Recent committee hearings on Attorney General Barr’s ‘summary’ of the Mueller report on alleged Russian interference in the 2016 election.

A Bad Divorce

Even more like a bad divorce, Mueller publicly released a letter criticizing Barr’s summary. Consequently a House committee ‘investigating’ Barr’s conclusions demanded Barr ‘testify’ again. Barr refused. As a result, the House Judiciary Committee finds Barr in “contempt of congress”.

Media Churns Up Outrage With Little Background

Hit play on the media machine and this is what you get. Gasp. Barr is in ‘contempt’. Trump is not ‘obeying’ the ‘rule of law’! Horrors! Due to this contempt of the rule of law, something must be done!

What does ‘contempt of congress’ mean?

Will Trump and Barr be cellmates in the house jail?

Time For A Midnight Walk and Talk

On a midnight walk and talk I look into this. People shouting about the ‘rule of law’ might be shocked to learn just what contempt of congress means. How does contempt of congress contrast with contempt of court? Check out Rule Of Law-Rhetoric-Bob Davis Podcast 831.

Everyone Holds All Of Them In Contempt

In addition the administration is in distinguished company when it comes to contempt of congress. Presidents back to the federalists and anti federalists have held congress in contempt and have been held in contempt by congress.

A Kerfuffle Boiled Into ‘Crisis’

Finally do people fully understand the overblown “constitutional crisis” is nothing more than business as usual in Washington? Certainly these kinds of disputes are nothing new.

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Rule Of Law-Rhetoric-Bob Davis Podcast 831

 

Jussie Smolett-Fyre Fest-Burning Man-Lies-Reality-Bob Davis Podcast 808

These days they don’t teach kids how to tell what’s real and what is not. Adults don’t know how either. Consequently it’s hard to tell what’s reality and what’s a lie. We’ll talk about it in Jussie Smolett-Fyre Fest-Burning Man-Lies-Reality-Bob Davis Podcast 808.

Jussie Smollett

Most noteworthy is  the latest rush to judgement without critical analysis. The story of Jussie Smollett, actor and musician. Smollett received lots of support from the Speaker of The House of the US Congress and many other prominent democrats after he claimed to be the victim of a racially motivated attack. Growing evidence suggests Smollett’s story of what happened on the night of January 29th 2019 might not be credible.

FYRE Fest

Then there is FYRE Fest. Probably the most successful social media scam in history, FYRE Fest is the subject of two competing documentaries. Especially relevant are questions of credibility for both documentaries. What really happened with FYRE Fest? We may never know.

Are You Cool Enough For Burning Man?

My favorite punching bag is Burning Man. Promoted as a haven for artistic and personal freedom, it is anything but. In reality, Burning Man is a dictatorship. People are told how to act and what they can photograph. Tickets are almost impossible to get unless you’re Jeff Bezos or Elon Musk. Or you can gain the favor of so called local ‘burners’. Are you cool enough for Burning Man?

I’ll pass.

Fly Geyser Off Limits

Meanwhile the ‘non profit’ Burning Man organization purchased the Fly Ranch, home to the incredible Fly Geyser. Regular people used to visit the geyser. Not anymore. Burning Man owns it. You can’t see this wonder of the world unless you pay equality advocates at Burning Man.

Russia Today

Finally there is Russia Today or RT. Long known as a propaganda wing of Russia, people are dismayed to find them being deleted from the social media platform everyone loves to hate; FaceBook. Did we forget what the word ‘propaganda’ means?

FoxxConn and Festivals Lies and Damn Lies

In conclusion it doesn’t matter if it’s some silly festival or a Foxxconn plant in Wisconsin. Influentials only pretend to be ‘authentic’ and ‘truthful’.

I guess Grandpa was right. You can’t believe everything you read.

Actually, you can’t believe anything.

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Jussie Smolett-Fyre Fest-Burning Man-Lies-Reality-Bob Davis Podcast 808