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

 

 

Post Eclipse Radio-Bob Davis Podcast 849

Walk and Talk

These days things are happening fast and furious. Every now and then I have to take a breath and review some of my past podcasts. Moreover there’s no better way to do a review podcast, than a late night walk and talk. Check it out in Post Eclipse Radio-Bob Davis Podcast 849.

Answering Critics

In addition some of the most recent podcasts have turned out to be controversial. This is a good time to answer my critics and make some additional points.

Post Eclipse Radio

We’re coming off two huge eclipses. A solar eclipse at the beginning of July, and just recently a full moon lunar eclipse. Especially relevant are my observations about eclipse energy.

Pledge Podcast Aftermath

First of all in the last week I did two podcasts that have turned out to be controversial. My podcast covering an emotional demonstration against the Saint Louis Park City Council’s decision to stop saying the pledge of allegiance at some of their meetings, can be found here. And a podcast about Trump’s chances for reelection based on the 2016 and 2018 vote totals in battleground states, here.

Facts Are Controversial

One of the points in my coverage of this protest is most of the protesters screaming and shouting “resign!” at the council meeting to discuss the pledge decision, were not residents of Saint Louis Park. Apparently pointing out that fact was controversial.

Why Don’t You Criticize Democrats!

Also, my critics like to demand that I explain why “you don’t ever criticize democrats”. So, during this walk and talk I’ll tell you. Learn more in Post Eclipse Radio-Bob Davis Podcast 849.

Bought and Paid For Media

Finally because there are no rules or planning for a walk and talk podcast, reviews of recent podcasts evolved into a discussion of bias. It sure seems like we’re living in a world these days where every single ‘news’ source or pundit has been bought. This has contributed to a loss of principles and integrity in our discourse.

Independent Voices

Consequently we all have to be careful with sources. Rather than repeat what someone else said, independent voices move the story forward by researching that facts and sharing them. People don’t seem to be able to do that anymore. This is one of the reasons my recent podcast explored actual vote totals in battleground states the president has to win again in 2020, if he is to have any chance to win reelection, let alone win by a landslide, as some have foolishly predicted.

Clearing The Air and Bias

In conclusion I love these walk and talk podcasts. They help me clear the air. Then I can move on to the next few podcasts. Walk and Talk podcasts also help me to identify my own biases, which usually run to distrust for government in general not against or for political parties or candidates or issue advocacy.

Living Dangerously

Personally I think we need to move beyond responding to flashpoint issues. That means some of us are going to have to listen to opinions we might not agree with as we develop new principles that lead to working policy. I’ve always lived dangerously by talking about things just before they go viral. These days I think that’s a real good place to be.

Sponsored by Reliafund Payment Processors

Post Eclipse Radio-Bob Davis Podcast 849

 

 

 

 

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