35 Burst results for "Eight Eight Trillion Dollars"
Biden's budget plan: Higher taxes on rich, lower deficits
"President Biden's new budget blueprint calls for boosting taxes on the wealthy and lowering federal deficits the president says budgets are statements of values and his five point eight trillion dollar proposal is partly aimed at telling voters what Democrats stand for ahead of the mid term elections that'll decide congressional control the blueprint includes higher taxes on the top one one hundredth of a percent of U. S. households and more money for police education public health and housing it foresees cutting deficits by more than a trillion dollars over the next decade underneath the plant is an uncertain forecast that decades high inflation will fall back to more typical levels Sager Meg Downie Washington
'The Socialists Are Coming! The Socialists Are Coming!'
"Night i was talking with the former national figure a senior advisor to president trump a longtime fixture in republican party circles. Who for twenty years is wage. The good fighting afghanistan and as the american dream for that country dies. And there's no other way to put it. I'm gonna talk with representative. Lose cheney about it later today. On top of the collapse of the commitment to free enterprise represented by the democratic party. Full embrace of socialism and the passage of a full on socialist budget by bernie sanders in the senate after already four trillion dollars of spending over two years. It will mean eight trillion dollars a printed money. After all of that i was i was feeling pretty low last night. Saying my gosh. What have we done for twenty years. What what have we been fighting for forty years if we're just going to be a socialist backwaters country. That can't can't keep our commitments to fight for. We pull it. Because i began my wife with the fall of southern vietnam helicopters on the on the embassy in saigon. I went to college. I was a sophomore in college when that happened. Nineteen seventy five and here. We are kaba will look that way within thirty days. They're saying ninety days now. I'm not giving them ninety days unless the taliban decide well we don't need it we'll take it next next fighting season let's let's just go live in kandahar and konduz for the rest of the year and we'll get cobble next year then it might not fall but otherwise we're gone we're just getting our people out and god bless our marines for doing that but then i thought fight my man said sir andrew barton i am hurt but i am not slain. All lay me down. Bleed awhile and rise and fight again. It's my motto. Wiped out two thousand and eight. You get wiped out in two thousand and six you got wiped out at the polls in in two thousand. Eighteen is just realize the nineteen ninety-four out there somewhere. There's a nineteen eighty out there somewhere. Indeed i think we're going to wipe out. The democrats goes country does not wanna be socialist country and the democrats are socialist.
Biden's $6T Budget: Social Spending, Taxes on Business
"Joe biden on friday unveiled six trillion dollar budget for next year. That's piled high with new safety net programs for the poor and middle class but his generosity depends on taxing corporations and the wealthy to keep the nation's spiking debt from spiralling out of control biden has already described in general terms major plans on infrastructure and he won a big victory on covid nineteen relief earlier this year. Friday's roll out incorporates. Those costs into the government's budget framework including social security and medicare providing a full of view of the administration's fiscal posture. The administration sees one point eight dollar deficit next year. And steadily accumulating federal debt that is topped twenty eight trillion dollars after well over five trillion dollars in already approved. Covert nineteen relief as a result. The government must borough roughly fifty cents of every dollar. It spends this year and next with the deficits growth largely unchecked biden would use proposed tax hikes on businesses and high earning people to power huge news social programs like universal prekindergarten lodge subsidies for childcare and guaranteed paid. Leave the best way to grow. Our economy is not from the top down but from the bottom up and the middle out biden said in his budget message. The budget incorporates the administration's eighteen year. Two point three trillion dollar infrastructure proposal. And it's one point. Eight trillion dollar. American families plan an adds details on his one point. Five trillion dollar request for annual operating expenditures for the pentagon and domestic agencies. Biden's a veteran of a long gone washington that fought bitterly in the eighties and nineties to wrestle the deficit under control huge deficits have yet to drive up. Interest rates as many fiscal hawks have feared however an genuine anti-deficit sentiment is difficult to find in either party
Biden's $6T budget: Social spending, taxes on business
"Hi Mike Rossi a reporting president Biden lays out a six trillion dollar budget with new safety net programs for the poor and middle class and tax hikes for corporations and the wealthy president Joe Biden laid out a six trillion dollar budget for the twenty twenty two fiscal year Friday that adds new safety net programs for the poor and middle class and increases taxes on businesses and high earning people the budget incorporates the administration's eight year two point three trillion dollar infrastructure proposal and it's one point eight trillion dollar American families plan the budget also adds details on Biden's one point five trillion dollar request for annual operating expenditures for the Pentagon and domestic agencies despite the proposed tax hikes the budget would require the government to borrow roughly fifty cents of every dollar it spends this year and next Mike Rossi Washington
Biden Budget to Run $1.8T Deficit to Finance Spending Plans
"President Biden is set to unveil a six trillion dollar budget proposal for next year which would include his infrastructure and jobs proposal along with new government spending that would further swell the federal deficit president Biden's budget blueprint will incorporate the two point three trillion dollar infrastructure proposal the one point eight trillion dollar American families plan and one point five trillion in new spending for the Pentagon and domestic agencies but scheduling a major budget rollout on the Friday before Memorial Day weekend is raising speculation the timing might be to downplay news that the deficit would run up one point eight trillion dollars despite a host of new tax increases totaling more than three trillion dollars under Biden's planned the public debt would exceed the size of the economy and soon a clips record levels of debt relative to gross domestic product that have stood since World War two hi Jackie Quinn
Biden to the nation and world: 'America is rising anew'
"In his first address to a joint session of Congress president Biden says the nation and world should know what the U. S. is on the rise again the president says the nation stared into the abyss of insurrection and the pandemic and did not flinch America's rise pointing to vaccinations and job creation and urging Congress to do much more on immigration gun control voting rights he's also pitching a fundamental transformation of government's role in daily life from one to the generation vestments in our families and our children a one point eight trillion dollar plan for free pre school and community college among other things which he says will help keep pace with competitors the speech came before a pared down crowd with lawmakers and others in masks including the two people seated behind him for the first time in history they were both women Sager mag ani Washington
Biden to pitch sweeping 'family plan' in speech to Congress
"In tonight's speech to Congress president Biden will pitch a plan that would fundamentally transform government's role in American life it's a one point eight trillion dollar investment in what the White House calls human infrastructure a sweeping plan for universal preschool free community college billions for child care and monthly payments to parents the kinds of policies that deal with human infrastructure are just as important as roads and bridges top Senate Democrat Chuck Schumer says it's the kind of thing America should have been doing for years G. O. P. chief Mitch McConnell sees it as another democratic spending spree another multi trillion dollar smorgasbord of liberal social engineering that would decimate entire industries the president pitches paying for the plan through tax blues on the wealthy Sager AMAG ani Washington
Guest Teacher Janel Dyan on How to Invest in Womens Leadership in Your Company
"Today. We'll be talking about why in these unprecedented times. Women in leadership are essential to your company. Short-term growth and long term survival gender and racial equality are certainly hot topics of conversation right now but there are some organizations that are ahead of the curve and like me have been focusing on the equality of women and women of color for years and these are my clients women in leadership women on the rise women entrepreneurs and women at the helm of fortune five hundred companies today such so what lincoln and ford motor company and helping them grow as leaders. What i do best over the past seven years. I've worked with females of all colors and varied backgrounds from the bay area to new york. They are not only having a huge impact today but they are paving the way for all future female leaders industries historically dominated by men. And here's what i see. The companies who have made it a part of their core tenants to support an invest in diversity programs for the leadership development of women are the companies who are now today's industry leaders and it's not only for the products and services they provide but more importantly as a brand that people want to work for by from remained loyal to the shifted their measurable for success to include strong corporate culture of innovation employed growth customer loyalty and diverse leadership team who focus on purpose. And not just on the bottom line. They understand that their greatest assets are their employees and they have dedicated their efforts to be a brand that is people focused and purpose driven during our time together. Today we will focus on three lessons. You can walk away with first because women are. Today's largest and fastest growing global consumer companies need to shift their brand strategy to recognize the powerful role that women in leadership play driving economic growth. Next we'll take a look at why the greatest leaders are master storytellers and how powerful story can be and finally will cover some tips for building a culture with equality in its foundation including ways to establish promote an invest in fema leadership. So let's get started less than one. Women are the fastest growing global consumer and it's imperative that companies adjust according to. Brigitte brennan author. Why she buys and winning her business. Women make or heavily influence. Seventy to eighty percent of all purchases across all industries which means women are every company's largest target customer to truly capitalize on this customer trend companies. Must do a better job creating products and services with female buyers in mind. Companies must create a brand that women will buy from advocate foreign remain loyal to the companies who are most equipped to connect with women are led by other women and their leadership results have a positive impact. On company performance. The profits higher margins add more returns for investors leaders such as saffir cats of oracle and mary barra of general motors. it seems like commonsense. But it's actually not common practice. Facts are that only. Eighteen percent of global firms are led by women and according to this year's forbes annual report the number of women. Ceo's running fortune five hundred companies since it just seven point four percent so clearly. There are strong logical ethical and financial reasons to put more women at the helm according to study by mackenzie if we can close the gender gap by twenty twenty five twenty. Eight trillion dollars would be added to the global economy and to put that in perspective that is the size of the economies of the united states in china combined. Right now during covid and racial injustices at the forefront we find ourselves in a global economy with the future unknown. These challenges are now calling for new leadership no longer one of command and control but one of collaboration community one of the biggest actions that any leader can do right now is be transparent and empathetic to their team members and customers because anxiety and uncertainty are heightened during this time of crisis emotional connection on a basic human level between the leader and employee has never been more important than right now a recent study done in two thousand nineteen by mit sought to determine the makeup of the most effective leadership teams and those are the teams with the most women especially women of color as they are leaders who bring a deeper understanding of resilience. Women are also more likely to have empathy for those struggling to deal with change or lack of inclusion become role models for the change that they seek and are willing to share inspirational stories to motivate to embrace change they are in general more inclusive and collaborative making in leadership style which is a combination that continues to prove to be effective in getting companies to move faster in times of change lesson to the power of story. Why greatest leaders are master storytellers. We all love stories. In fact stories are what differentiates us as human beings. It is highly forged connections among each other and they'll trust as a community each stories an emotional journey that reinforces shared beliefs values and vision that we can all relate to from drawings on the walls of cave with stories of heroism folktales. That are full of more lessons to generational family tales. That remind us of our roots. Human beings need to feel that we are part of something greater than ourselves stories. Reminders that through tough times we will come out to the other side stronger wiser and more unified than ever stories. Bring us back to the beginning and remind us of who we are and what we do in stories creek clarity in our purpose and vision to get their. The greatest leaders are master storytellers. Simon sinek author of the power of y in infinite game says beautifully leaders aren't responsible for the results. Leaders are responsible for the people who are responsible for the results. It is during these times of crisis that provide an excellent opportunity for leaders to communicate stories of incredible vision for the future showing empathy advising with humility and providing optimism. For what lies ahead. They also understand marketing at its core is simply about storytelling. and it is the stories. They choose to tell that can differentiate brand as an industry leader communicating the values of the brand with the product and services they sell. I mean who wasn't choked up watching google's tearjerking super bowl ad of a love story that began with a simple question how not to forget. So tying back to what we learn in less than one about women being the largest and fastest growing global consumer with the understanding that stories have power companies must give their products and services a story that women now can relate to and what better way to do that than with women at the helm leading the way finally lesson three building corporate culture with gender equality in its foundation companies with strong female leadership such as new york stock exchange. Pwg and google are continuing to create more equitable inclusive and fulfilling workplaces for all women and the investments are already proving to return tenfold to their bottom line.
Biden unveils $1.9 trillion COVID-19 relief bill
"Resident elect. Joe biden addressed the american people last night. Unveiling nearly two trillion dollar economic stimulus plan american. Rescue plan that will tackle. The pandemic can get direct finance assistance relief to americans. He said the proposal would send more funds to state and local governments largely to help speed up. Vaccinations and safely reopen schools is proposal. Also calls for another round of stimulus checks. Fourteen hundred dollars for most americans also provide more peace of mind for struggling families by extending unemployment insurance beyond the end of march for millions of workers will be a four hundred dollars per week supplement but the proposal comes with a one point nine trillion dollar price tag. Congress passed a nine hundred billion dollar stimulus bill last month in many republicans are skittish about adding more to a national debt. That is now approaching twenty eight trillion dollars.
Mnuchin makes $916 billion offer to Pelosi for COVID relief bill
"A nancy. Pelosi has refused. The white house's offers on stimulus deal multiple times so this was in october. This is according to business insider quote over the weekend. The white house proposed a one point eight trillion dollar measure. The white house proposal includes a four hundred dollar boosting weekly unemployment insurance twelve hundred dollar direct payments for us adults and thousand dollar payments for each child. The washington post reported democrats have pushed for six hundred dollar increase in weekly unemployment benefits and twelve hundred dollar payments for child. Dependence is well substantially more funding for state and local governments the democratic proposal. Also though it comes up it includes left-wing policies and left wing proposals. That have nothing to do with the virus or with mitigating the risk. So there's lots of left-wing pork in there that the republicans understandably do not want and are not going to let pass so it's not just a matter of numbers. The disagreement here but pelosi has rejected time and again any good compromise. Coming from the white house are coming from republicans for months plus insisted that a covid relief bill would have to be at least two point two trillion dollars. She turned down. Like i said a bipartisan. Deal one point five trillion dollars in also trump's one point eight trillion dollar deal but now now interestingly she has decided that she would support a nine hundred billion dollar covert relief bell which is obviously last in the one point eight trillion dollar trillion dollar bill that trump offered in his negotiation and she was asked about this. Cnn's menu rajoo. Ask pelosi if it was a mistake to shoot down the previous compromises the previous bills and she became very agitated. She was very annoyed by this question. This question of okay. Why are you supporting a nine hundred billion dollar deal now and you rejected the one point eight trillion dollar deal that trump offered you a couple months ago she got very annoyed and said. Do not characterize my actions as a mistake if you want me to answer your question. Here's a video of that over two months ago when he said i will not accept. Apple's tastes characterize what we did before as a mistake as a preface to your question if you want an answer. That was not a mistake. It was a decision and it has taken us to a place where we can do the right thing without other. Shall we say considerations in the legislation that we don't want so we're very pleased at where it is as i say with a democratic president committed to a scientific solution for this with the idea that we will have a vaccine. It's a complete game changer. From them so she basically admitted at the end of that clip and we kind of splice together. Different parts of her answer will include the link to the full press conference in the description but she basically says look you know don't characterize that as a mistake it wasn't a mistake. We had other considerations and other considerations she kinda reveals at the end of that is that now they have a democratic president. And so it's okay if they pass a bill so long as trump doesn't get the credit for it and because we have a vaccine now. We're able to give people less support than we wanted to. Before the fact of the matter is she just didn't want to negotiate with trump. She didn't care the people were suffering. She didn't care. small businesses. Were being closed down and people's lives were being ruined and families being put a very desperate situation. She didn't want to give trump any credit for the relief. They very well could have offered.
Biden says he supports plan in Covid relief talks
"Optimism about stimulus phase. Four lot. jack callaghan fox. News approval could come next week on a compromise. Bill to further stimulate the economy in the face of searching epidemic. Two months ago house speaker pelosi rejected a white house offer for one point eight trillion dollar relief package as not extensive enough. She now supports the compromise. Bill that proposes to spend about half that that was not a mistake. It was a decision and it's taken us to a place where we can do the right thing without other. Shall we say considerations in the legislation that we don't want now that is now the fact is i'm very proud of where we are. President-elect biden supports the plan and said friday. They'll be more efforts to boost the economy after he's sworn
Deadline looms, but COVID relief deal may be far off
"House speaker Nancy Pelosi reports progress on efforts to reach an agreement on a corona virus relief package but she has said today is the deadline to get a deal done before election day without an agreement at least in principle by today hello she thinks it will be too late to enact anything by election day in history shows prospects for a deal on the lame duck session after the election would be slam pelo see negotiated yesterday with treasury secretary Steven Mnuchin and her office says the two sides are narrowing their differences however the same core differences remain the administration has increased its offer to one point eight trillion dollars but Pelosi prefers a package of more than two trillion might help in Washington
Could you handle a surprise $250 expense right now?
"Everybody a lot of big numbers with which to begin the program today, and then a much much smaller number, and arguably it's the smaller one that is more of a problem. One is definitive about the political machinations surrounding the American economy right now, those negotiations over a relief bill one is definitive at one's peril but we seem to have arrived today at the proverbial line in the sand by way of Refresher Speaker Nancy Pelosi and House Democrats want to spend two point two, trillion dollars on relief bill the White House, the president of the United States Treasury Secretary Steven. MNUCHIN. They say they are good with one point eight trillion dollars. Senate Republican, Leader Mitch McConnell Today in Kentucky Though said this you're correct were discussions going on between the Speaker about an hour now. That's not what I'm. GonNa put on. McConnell. Is going to put on the floor. He said a five hundred billion dollar package that'll be next week sometime. So those are the big numbers. The smaller number is two, hundred, fifty dollars just to fifty no extra zeros and it's one of the key data points from the latest addition of the marketplace. At research poll, we're going to be digging into it for the next couple of days and today as well. But the upshot is that all is not well once you get past the economic headlines One of the questions we asked people was if you had an unexpected expense of two hundred and fifty dollars, two, hundred, fifty bucks, would you be able to pay it forty seven percent of people almost half of Americans said it would be somewhat or very difficult to come up with cash. Since. The pandemic it's Ben We haven't really had much expendable income. That's Ashley. Since she's twenty seven, she's a first grade teacher in Monterey California at the beginning of the pandemic my boyfriend was laid off from his cooking job and so now it's kind of just. My salary and then the little bit of benefits that he gets, which covers blake rent food. But only barely like there's there's not much else one reason why there's not much else those expanded unemployment benefits the extra six, hundred dollars a week we told you so much about they ran out almost three months ago. See also negotiations over those big numbers that we started with. When he had the federal benefits at least we had like a little bit of wiggle room where it was like okay. If something happened wouldn't be like the end of the world right then. But now that that's gone, that's also kind of not there. Anymore Ashley's ends one of the respondents to the tenth addition of the marketplace. Edison Research poll out as I think I've said, today we through some new questions in the bowl this time cuz pandemic and some of those questions were about kids and parents and working and schooling from home. Those are among the biggest challenges millions of people in this economy you're facing and as marketplace's Megan McCarthy Carino reports it is mostly women who are facing it. Normally Emily Smith supplements her job as an heirloom vegetable farmer in Ohio with a part time winter job. But this year she's got a lot going on at home her nine year old son is doing on again off again, remote school. It changes week by week according to infection rates in our county I have to be here. He's not really old enough for me to. Go anywhere one time while he was in class, she left to run a quick errand down the street I come Rahm, and it's like he's sitting in front of the TV with his computer Smith's husband works fulltime outside the home. So she's in charge of schooltime our marketplace. Edison. Research poll found a stark gender disparity in WHO's primarily responsible for supervising remote learning sixty three percent of mothers said they were compared with just twenty eight percent of fathers. These disparities have kind of already been there but they're really getting exaggerated by how the pandemic has kind of taken away a lot of the scaffolding that makes working families tick. Darby Saxby directs the Center for the changing family USC. She says before the pandemic women in heterosexual dual income households were already doing more household labor despite the fact that dads have tripled the amount of time. They. Spend taking care of kids over the last fifty years. Now with childcare hard to find an extracurriculars canceled its mothers who are mostly picking up the slack. You know women are generally socialized to kind of be more the managers of of their kids, development and education in our poll. Roughly equal shares of men and women did say they had made career sacrifices to care for family during the pandemic or had cut hours at work to deal with remote school like Fain Young in Philadelphia who's juggling his it job with studying his BA and helping his five kids at home to definitely taken away from anything else that I would have otherwise done. And that time otherwise would be consumed either with my career or my own education. Dan. Carlson at the University of Utah has found well, moms are more likely to be in charge of remote schooling. DADS have stepped up to take more equal share of routine housework and childcare during the pandemic Manhattan stepped up the way they did it would have been even worse so it was not enough to stem the tide. You know as like a finger in the dam, the latest jobs report from the federal government found more than eight hundred thousand women had dropped out of the labor force four times more than men. I Megan McCarthy Carino for marketplace
The Verdict on Trump's Economic Stewardship
"President Trump speaking to the economic of New York and various economic clubs across the country and we had questioning from Senate O'CONNELL of the Economic Club of Florida David Rudenstine of DC and Mike. O'Neill. The New York we have Michael McKee with us now our chief. Correspondent for all things economic both and. and Michael a very serious conversation here the president's putting out some ideas couple of inflammatory statements like how Joe Biden Presidency would be a socialist dream in American nightmare. But at the end, he was asked about things like infrastructure stimulus national debt did we hear anything new from the President? No, but we haven't been hearing much new from him throughout this campaign. It's he mostly talks about what happened in the previous three or four years and he talks a lot about, of course what happened to the Obama Administration? The questions he was asked about infrastructure spending he didn't answer. He said what he always says about many different things that he has a plan, but there's never any plan they were coming close to a deal on infrastructure at least Democrats in the House and the president when the President got upset with Nancy Pelosi and broke off the talks and that was two years ago and nothing's been done on infrastructure since. The House and Senate have a very big differences about how you would pay for infrastructure and how you'd structure the program. He said today the walls one of the biggest infrastructure projects ever. That's not true. He did shut down the border under the guise pandemic protection. So that part of what he said about the wall was correct he was asked about the deficit. and. Has Somebody. Else says quite often about this. This is one of those. Up his down down his up trump statements, he said the deficit was falling and we were GONNA pay off interest costs and start paying down principal on the deficit before the pandemic hit. That's one hundred percent one, hundred, eighty degrees opposite from what was happening deficit was rising significantly before the pandemic because of the tax cuts so. It's hard to know exactly what he was trying to do other than insult. Joe Biden and and stir up his base. Yes. Absolutely I think that's probably what we can expect from him. As we approach the elections three weeks left and we're going to get viewers questions. You know at some point tomorrow night's tonight and facts as we will be hearing a lot more from the president on economic matters and so on. But really nothing moves the needle. Until we get some more idea of what happens with stimulus and Ardley Nancy Pelosi doesn't look like. She's about to give in to to to president trump's requests or whatever republicans are requesting not that that's now well, even here's the thing we have to remember that even if the speaker of the House and the Secretary of the Treasury agree on some kind of deal, it would have to pass the Senate as well as the house. A number of house members have already suggested Dowse House Democrats have suggested they would vote against it because. They don't think it's big enough and. The question then becomes how many Republicans would vote for it if it's not considered big enough then in the Senate, you don't have fifty senators who approve of it. The Democrats are pretty united against it and half of the Republican senators say they don't want to spend anything. So at this point, there's a lot of focus on wall, street about the talks talks. In quotation marks between Nancy Pelosi and Steven Mnuchin. But the odds of something actually happening particularly before election day very, very small. Yes and for some reason and she wasn't quite care about yesterday when she was speaking with Wolf Blitzer Nancy Pelosi is not willing to even consider this one point eight, trillion dollar stimulus. What is it in their Michael? Can you decipher? that. She's so against she was actually quite angry with the to Democrats that said that they should be accepting this. The part of the play. A part of it is the way the money is distributed. Part of it is the amount of money for states and localities is not enough they believe and part of it obviously is politics. They don't WanNa give, Donald Trump. He kind of victory before the election you remember the last time when the cares act was passed in the twelve hundred dollars was going out for those who got it in check form trump held up distribution of the checks until he could have his name printed on it and last thing Nancy Pelosi wants is for voters to be opening their mail the day before the election and seeing Donald Trump giving them twelve hundred dollars. Yes that is to I'm sure and also presumably that machine is up and running now. So there may not be so much of a delay this time around but there is an argument to suggest that people need cash. Now, no matter how it comes in a matter who gets the credit right Michael Danny lower on earlier saying this country is in trouble there is particularly because more people are losing their jobs. Now, as we're finding more companies go out of business and. The airlines are a perfect example not going out of business, but laying off tens of thousands of people because they don't have any business to do at this point, and that was one of the hopes of the stimulus bills that they could get aid to the airlines in the short-term But nother interesting statistic came out from the New York Fed yesterday of the people who got the stimulus checks the first time around average of about twenty four, hundred dollars each seventy one percent either save the money or paid down debt. They have money in the bank and so if this. Rebound continued to go faster than expected. We might have a tailwind and we might need less of the stimulus checks I think the biggest difference now is that there are going to be people who. Didn't save. Don't have the money who are losing jobs permanently who may need something yeah. I found that phenomenal as well when you consider just how many people are at food banks in food lines as well who were once you know happily employed or all of the people around Orlando that are living motels because they'll also job at. Disney. For example. have to move every two weeks. Otherwise they risk you know Being, a problem for the Ho- The motel owner because after two weeks you can't you know get victim normally you have to go through the court process i. mean there are an array of stories out there about people suffering, Michael. What should we be concentrating on over the next couple of days? It's feels like Joe Biden needs to get more of an economic message out there. Actually, Biden probably needs to publicize it Joe Biden. If you look on their website has a very extensive economic plan that. Involves taxes infrastructure Various Pandemic Recovery ideas and Donald Trump and I'm not saying this to be part of Donald Trump has nothing. If you go to his website, there are literally no proposals for a second term and so it's kind of hard to know. what he would do and Biden perhaps wants to make that case a little bit more Donald Trump talked today about. Biden plans but if you notice it in his speech, he didn't say what he would do. He talked a lot about how bad the Biden and the Democrat tar and that's one of the problems people have suggested that we're seeing with trump's poll numbers is that at this point he is. Talking, about the previous four years and a lot of people didn't like what happened in the previous four years outside of the tax cut. and. He's not talking about what happens in the next four years or even in the next year and that makes it hard to make a case for your election. Yeah, it's a it's a phenomenal time and a lot of people pointing out now that if we don't get something before the election, it's going to be January. Before we're able to do more stimulus Michael thank you really appreciate your input and listening to that for us with Michael McKee. International airports, and policy. Correspondent.
White House Draws Up New $1.8 Trillion Virus Relief Proposal
"The White. House. is preparing a one point eight, trillion dollar corona virus relief offer that's according to people familiar with the matter it's the administration's biggest proposal to date in its long-running negotiations with Democrats in Congress White House Advisor. Larry. cudlow. Says that President Trump has approved a stimulus plan that would include aid for small. Business Airlines as well as checks for households, treasury secretary, Steven Mnuchin, and House Speaker Nancy. Pelosi or expected to discuss the administration's proposal today US stock markets jumped on the news at midday the Dow Jones Industrial Average was up nearly a percent and the S. and P. Five. Hundred and the Nasdaq each up more than a percent stocks are on track for their best week since August
Pete Buttigieg and Joe Bidens's Economic Policy
"Presumptive, Democratic presidential nominee Joe. Biden rolling out his economic policy today. He's going to travel the Pennsylvania near his hometown. Scranton the agenda slogan is build back better. His campaign team says that Biden will prioritize small business workers and plans to focus on inequalities that prevent minorities from reaching a fair economic plainfield. We're going to hear a lot more about the plan from Biden campaign surrogate. Buddha judge is going to the squad team and just. To remember that the broadcast news. What is it? Bring back better, a lot of alliteration for remember that quote from broadcast I can't remember what it was, but Yeah, BRING BACK! A lot of bs there. Build back better is the name of the former vice president's economic recovery plan. That is the work of task force between Biden and Senator Bernie Sanders the key idea. Bring critical manufacturing back to the United States with incentives for companies and seven hundred billion dollars in earmarked funding for government contracts for American firms and Research and development. The campaign says this will create eight million new jobs if that sounds similar to president trump's platform, it is. Thank you very much. Thank you all for being here. A. Last year trump signed an executive order that would prioritize American manufacturers. In certain federal contracts, the Biden campaign says trump's efforts are working and contracts to foreign companies are up thirty percent. Vice President Biden has said he'd raised three point eight trillion dollars by increasing taxes on individuals, making more than four hundred thousand dollars a year and reverse in corporate tax cuts. Now this roll today will include a speech outside Biden's hometown Scranton Pennsylvania and. And his one time rivals from the Democratic primary race remember that it was just a few months ago are out in force today to support the former vice president and his plan one of them join us on Squawk box, Mayor Pete, the former mayor of South Bend Indiana Peop- Buddha Jr here's Joe I'm just going to call you. Mayor Pete I guess we all just feel comfortable feel comfortable. Everybody does around here countering next radio. I'm going to so we understand the primary process, and you understand it as well as anyone and we've seen it on both sides. Sometimes, there is a tendency to move towards the. Basis with some of the programs, and then when when it comes to governing, maybe you become more centrist and I'm just gonNa tell you. Here's the headline for this mirror. A Biden to map and economic path delaying progressives, biggest plans and I think Kayla alluded to it that he's going to call for a moderate approach towards reviving the US economy. Is that how you see it? And is that the right prescription to win, but I think there's a lot of boldness and the level vice president. Biden wants to invest in America I. think that's not only progressive already, but it's something that people across the out. We're going to I. Think it's in keeping with Joe Biden's instance to bring people together, but I think it's also in practical terms. What makes sense early on? We need to invest in our own competitiveness. In order to grow your own, and in order to compete with increasingly powerful economic competitors like China, we need to make less dependence on Safai chains for critical goods and infrastructure light. We're seeing right now with armed soon which she's on countries like truck and we need to make sure that American workers come I to me that nets bedrock through what democratic are spout, but I do agree with you that you don't have to Iraq Democrats to see why this is a good at. was so in the plans were pretty expensive as you know. And it was pre pandemic, and it was pre-, twenty, five trillion wherever we are right now, so this is cost a lot and inflicted a lot of economic damage and. Hopefully we're GONNA. Come out of this, but it might take years so. I mean. Is there something to that that it's not the we're not in the same position to be able to maybe be as as as free-spending with some of the democratic programs. Do you think do you agree with that and? We're GONNA need to to try to pay down some of this that with our taxes. No Democrats go is one of the first to talk about deficits and the debt, but the reality is. We can't afford not to make these vestments score. We will see economy stagnate, and since we're in a moment of distort low interest rates, and since these kinds of investments every time America's none have paid off investing our competitiveness in our infrastructure in our manufacturing base. Frankly they have much irate return than tax cuts, so as economic stimulus goes. I think this is the right way forward. Of course we got to be smart about the investments remain, and of course you can't get something for nothing. But, if you look at the overall picture, where are headed? We don't have a choice and we can handle these kinds of investments if we make before it's too late to a the I think that lowering corporate taxes helped. Corporations, become more competitive. Bring money back I think it. It was somewhat responsible for what we're pretty good. Economic Times before the pandemic and terms of historically low unemployment rates across the board. And some of the deregulation. The vice president is going to reverse the at least a portion of the corporate tax cuts. Do you not think that that that that plan helped the economy, do you? Do you disagree that lower corporate rates were were a boom for the US economy, and it won't matter to reverse them. John, I'm very skeptical that those rate cuts should get hosted at credit. And by the way those rate cuts rent led directly to exploding deficits, and as part of the reason, why oddly enough not to be too partisan about this, but across my lifetime one hundred percent of democratic precedents seem. Deficits go down one hundred percent. Presences seem deficits. Go Up, but you can't get something for nothing. And will we gotta decide is what's a responsible at tat hats not deliver the kind of investments that make an economy. and. This isn't something we have to just use our imagination for we look at the evidence and the evidence across Merton. History is the one we're making robust vassals with responsible, but not excessive taxation, the gross but I. We've talked about it earlier that right now with where American businesses and how important it is to get the unemployment rate back down. It seems like not the most ideal time to raise corporate taxes now. We're going to need to pay down a lot of what we've spent. A and maybe. Rick Razor on wealthy individuals, but that may not raise enough either. Are you for a blanket raised in the marginal rate into what level? or What. What would you advise? Vice President Biden to propose for a marginal rate across the board. Well. I would advise him to look at the evidence and find levels of taxation. They're consistent with growth as they have been historically now, of course, in American history, the economy's growing much quicker under much higher marginal tax rates but I don't think we have to go back to what it was like in the in the sixties or seventies. Again. Period of in many of those faces product to depress looked online. Is You've got to pay for what you and we should be able to strike a balance in the United States, but what we can't do is continue with these deficit. Exploding tax cuts that we were told would pay for themselves. You can check. They did and now. That was before we got the situation. We are now the debts. It's why we need to make sure. We're looking at the investment side as well as the cost side what I really appreciate about the plan. That's vice-presidents laying out. Is it does? Mayor Pete just wanted to. We wrestle with this issue of taxes. All the time said it's one of the press. Two questions related to one is just simply the timing of a tax increase, and it's the question. We asked the vice president when he joined us now more than a couple of weeks back, and he said he would do it immediately. Even amidst this and the question I say is to the to the extent. There are small business owners out there right now. That are clearly struggling and trying to get up on their feet. Seeing a tax increase right in front of them. Just make the case if if that's the case you WANNA, make in terms of the timing. Of course there's going to be a look at conditions on the ground and a glass. Four months has shown us in really blunt terms. How quickly things can change and I know that a new administration will make sure that every step that takes this is consistent with what the right thing is to do based on what we see around us, but we also know is that small business will benefit from the kinds of investments that president housing. And that this country will be more competitive one and were not successful. When we're investing the foundations, no country can't get away with disinvesting in education in infrastructure and research the way we have, and for a very long and the longer you go disinvesting and all that. The the sooner it's GonNa catch to you for small and big business away, and you know we already reached a point. Where even when there were low unemployment rates, the American standard of living was not secure life expectancy down. It raises questions about how our economy has been lined up. This is a historic opportunity to make sure that it's working for more Americans and made just GonNa fall with with the other big debate around this table a lot. is about wealth, the the wealthy and philanthropy yesterday? Warren Buffett gave away two point nine billion dollars and. which is a great thing and philanthropy, and by the way has helped even during this pandemic in a meaningful way, but oftentimes those shares are never taxed as we all know, and so the government will never be a beneficiary and other taxpayers won't be a beneficiary of those successes. Do you think philanthropy should be taxed in any way well, it would make more sense for that to happen on the front end. Look, it's it's wonderful one. There are these major commitments such generousness by. Individuals, but we've also got to ask how things got so unequal in the first place, because if a little bit more that was making its way into a democratically guided process in other words, the kinds of Research and development that invent trillion dollar ideas like the Internet itself and Space Travel. Are we know our country is better off, and we gotta ask where the balances I would argue. Look thing about this. In the United States right now there is not one county, not one. Where a fulltime minimum wage were can't afford a two bedroom apartment time. There's somebody works for a living in a job fulltime. Can't afford to bed in the part. I would argue that if that were the case. If we had higher wages and more public investment, we wouldn't need to knots landing quite as much as we did. Mayor Pete the one thing that President Biden's plan has in common with President Trump says that it it really leans intimate in America and not just from a position rhetoric there looks like there are going to be real incentives real penalties to companies if they're not making things in America. Do you think globalization is dead? I don't think we have to choose between closing ourselves off investing in our own country on the contrary I think global. Market, we are more competitive when we are starting right here at home made in America is really news and the vice president's fine America initiatives. Really good news for us here. The so called belt where we know that we are Cape. Producing some the finest goods in the world, but there are so many loopholes or waivers in the system and. I think you all report it. You know. Australia's actually gone up an awful lot under this administration so I don't do this since. The president. Fighting. I view it as an opportunity for us to make sure that taxpayer dollars benefit American firms and workers first,
US government sees record monthly deficit of $737.9 billion
"Hi Mike Rossi reporting the U. S. government records its highest single month deficit ever in April the treasury department says the federal government racked up a record deficit in April due to a drop in revenue and massive spending to deal with the corona virus pandemic treasury says the government shortfall in April was seven hundred thirty seven point nine billion dollars the previous single month deficit record was two hundred thirty five billion dollars in February part of the April shortfall can be attributed to the tax deadline that was deferred from April fifteenth to July fifteenth so far for the fiscal year that began October first the federal deficit is one point four eight trillion dollars Mike Rossio Washington
"eight trillion dollars" Discussed on Biz Talk Radio
"The brain cells working you're listening to investors the end of quality programming it does this once again to so as I was saying there is absolutely no limitations the internet has opened up a wide swath of everything to everybody everything to everybody then I hear a lot about some people don't have computers I have to tell you so many cities have computers for everybody they really do and it's getting bigger and broader no limitations so there is no doubt in my mind once we get past this crap the vaccine is going to need it we're off to the races we the people will be off to the races the problem is that they continue to fail us they continue to screw us they continue to lie to us they continue to be corrupt look at those people who did things with stocks they came out with this P. P. P. the payment protection whatever which I affectionately call PP because small businesses were urinated on how is it possible that Harvard and Yale who have endowments in the billions got millions of dollars did you know that millions how was it Ruth Chris Ruth Kress thirty two four hundred fifty million in revenues how is it they got twenty million dollars I wasn't supposed to be for small business pot belly the restaurant chain got ten million how is that how was a big hedge funds got millions of dollars how is that how do we sit here and believe that the powers that be put this together to benefit wealthy or do you think they just screwed up which is does it really matter how is at Harvard and Yale with billions of dollars and if I did screw up and I put this out and I was the president of the state Harvard and Yale would be getting calls from me today saying send back the track and Nancy Pelosi will not put any more money into the small business thing that has run out and the kinda sorta on vacation small business got screwed how is it that the head of the federal reserve is injected eight trillion dollars in to Wall Street in a bunch of risk takers small business got three hundred bill can we see where a lot of that went Hartford again I think Harvard's and downs like forty billion dollars and they have the grapefruit the take money they took it I want to see if anybody is going to rip them to shreds on TV I'm returning okay JPMorgan a director named Steven Burke forty six point six million dollars of the stock in the open market yesterday now I will tell you that JPMorgan is up six dollars and forty five cents today the ninety three seventy eight as I speak not because Steve Burke bought stock it's because work is first today first is worse today Amazon's now fifty five today Netflix is down twenty JPMorgan which has been dead and up poor reaction to earnings up six and change so I'll just let you know if I'm you I'm just putting it in my file manager front and center that there was a guy in a diaper after JPMorgan a forty six point six million dollars of the stock in the open market and your buddy Gary Hanson buff this telling you that's a that's a sizable number it doesn't mean the stock has to go up but it's certainly good to know technically the only thing I can say to you is the stock is retested the low eighties several times over the last five weeks it's got a lot of resistance every penny to the upside technically so there's you JPMorgan Boeing is up seventeen dollars and eighty three cents today to one fifty two we have been telling you to avoid Boeing since four hundred Boeing stock hit a low of eighty nine when we found out they're going to get billions of dollars rallied up to one eighty six pulled back to one twenty is now been trading for the last two weeks between let's call it one for one thirty eight and one sixty it's one fifty one and change that's all I got nothing more to say they in outlook sees me they announced that one of their production of of the facilities we'll go back online soon and probably building a little higher low here the stock needs to get through one sixty to one sixty five which is a little bit away here and we'll be watching and remember our thoughts on Boeing who is going to be buying a lot of planes going forward hasn't the airline industry now changed for a while at least who's going to need to buy your plane since so many airplanes are in the desert and sit and hangers now of course they'll come back online but who's going to need more planes and it is not maybe going to take awhile to come back now Boeing still has plane order stuff Phil I do believe but I do know somebody sent me an article that a hundred and fifty planes were cancelled orders were cancelled recently and we still don't know if the seven thirty seven Max is going to get going again so I don't know I'll just say that needs to get through one sixty to even get a little okay but today's a good day for Boeing and it's eighteen times.
Special Interview With Professor Scott Lucas On How Coronavirus Is Being Handled
"Now across the pond the US is also in crisis management mode at the helm a man. Who's long suggested? He's just the person to have around when back against the wool President Donald Trump but despite his early dismissals of the gravity of the global pandemic the chance to become in effect. A wartime president seems to have shifted his tone somewhat. But and it's a question we've asked before is rhetoric enough it's a question before of Scott Lucas the US politics professor at University of Birmingham and he joins me now. Good morning to you Scott. I guess that's the question first of all empty words again from trump or does he have the stomach for this kind of fight the very best thing that could be done right now in the United States as the corona virus Surgeons there is Donald. Trump is put into self-isolation Either he removes himself or officials effectively. Push him off to the side. Because you've mentioned roderick is not just the factor it's rhetoric that trump has issued a series of false statements damaging statements in recent days that he's refused to take vital action needed for example to try to get medical supplies to states and it really is up to others in the administration. Vice President. Mike Pence the chief doctor in the Administration Anthony Fauci to stop as well as all those state and local leaders who have been taking the steps that have mattered so far. It's interesting. Isn't it if we talk about playing politics with something that's more important than that. You've got Democrats blocking legislation. That would potentially pump a great deal of money into the US economy. But they're saying look. The Republican bill is itself Skewed it's politically biased. It's favoring corporate interests the usual rhetoric. How is it possible that we've having these kind of political? Footballs kicked around when the stakes. So high I think is really important to get the rips on. What's happening with that package about one? Point eight trillion dollars that's being discussed in the US Senate and it was held up last night. And that is it's not a question of blaming one side or the other that's when you play politics. The Senate Republicans have put more emphasis on bailing out. Businesses including sectors such as airlines Democrats. Were saying that you need to have some type of check on type on that money that it isn't just simply a giveaway at the same time you need to protect workers including those who are losing their jobs and most importantly to protect families who are affected by corona virus. So it's a question striking a balance between those two And again even as the bill was held up from final approval yesterday Chuck Schumer the Senate Majority Leader was say he expects that there will in fact being agreement within forty eight hours Scott. It's pretty hard to ask you. Who will be happy with situation as it stands because it seems like probably nobody Maybe it's more Germane to ask. Who's MOST UNHAPPY? Cuomo is not happy. Blasios not happy. There's people who are trying to get things done and they're all not happy. What do we go from here? I'm going to check politics at the door on that question when you talk about what state local leaders are facing such as an Andrew Cuomo New York such as the governor of Illinois such as the governor of Washington State Jay Inslee when you talk about equally important all those officials all those doctors. Those nurses are on the front line. They earn a life threatening situation because they do not have protective supplies. And of course Americans who were being treated or in a life threatening situation because the country not prepared for Corona Virus. Now we can cast blame for why the country was not prepared but it is a central now that all of the blame game is put aside and that in fact this country goes onto a quo as you put it wartime footing but one in which he gets leadership from those who will lead if not necessarily the man in the White House Sco. I couldn't agree with that sentiment but it does rather is it a challenging question. Which is this election season? How on earth do you fight a presidential campaign especially with The incumbent being the type of character he is given the situation your describe him. It's it's GonNa continue not nevertheless as we head towards the autumn. How can this possibly work in any way before in terms of the campaign? You'll have to ask. Joe Biden. Her Bernie Sanders on the democratic side. But my opinion is you don't and in fact. In recent days Bernie Sanders has turned over his campaign to fundraising for Corona virus and for meetings on Corona virus. Joe Biden is going to start making statements about corona virus to call for the leadership. That's needed in other words. Even as Donald Trump might go to twitter. And talk about the fact that you know. He's Hashtag winning campaigning. Ineffective suspended here and then we'll get to the question the summer about making preparations for the election. And you might as well prepare yourself. This election may have to take place and be the first first vote which is held by national postal ballot. That'd be pretty extraordinary skull and I'm always intrigued to know to wear one should look for Guidance I if not for president in these kind of situations score is there a time again outside of wartime that one can look to see how domestic politics function and frankly how society continues to function given the pressures you talked about the risks to frontline staff to vulnerable people reassurance? It I mean if you can there are precedents one can look at for how the US has got on top of problems like this. I mean this is unprecedented in the sense that we haven't had a pandemic since the influence outbreak after World War. One it killed tens of millions of people That we haven't had a situation outside of wartime in this sense that this is happening in twenty four seven social media minute by minute second by second in that adds a dimension to it. But here's the reassurance because I'm seeing it here in the UK as well as the US and that is at a time when others may not lead at a time when others may deceive or may rant about the media and about their political foes in community after community. I'm seeing people that are helping neighbors that are sacrificing themselves from delivering post from serving in hospitals from providing essential protection and it is at the community grassroots level that the heroes are going to be fine found and it is those actions those individual actions that you don't get in the headlines that I think made the difference in date that's hope so scholars. Thanks for joining us this morning.
"eight trillion dollars" Discussed on WNYC 93.9 FM
"This makes the company with one point eight trillion dollars supporters of independence have won an overwhelming victory in the referendum on the Bougainville islands the authorities say almost ninety eight percent of those who calls that ballots bags separation of the South Pacific islands from Papua New Guinea and what's being seen as a major defeat for Hong Kong's Beijing back to authorities a group of international experience is resigning from his role in investigating the temperatures police force the panel said the police watched okay to advises couldn't properly investigate reports that the police had used excessive force against protesters the B. Morris quakes on whites islands in New Zealand leading to further delays in the recovery of the victims of mold of Monday's full kind of corruption experts said the tremors are likely to continue they've been angry protests in Mexico against a painting of the revolutionary leader Emiliano Zapata striking a chord pose on a horse notices he wanted to link the revolutionary leader to the struggle for LGBT rights but the protests in say the naked portrayed mocks him BBC news hi Adrian this is Laurie calling hi are you hello and welcome to in the studio from the BBC world service see recent meet some of the world's most creative people and finds out how they think and work I think there are two things we could do that one would be the office here in how would work and what we're doing yeah another one hundred features thank you Khan architecture center if our project I'm a lucky she and Reese and I'm heading to Chicago to meet Adrian Smith the man who designed the world's tallest building Burj Khalifa in Dubai is designed for judges how in Saudi Arabia will take over the title once construction is complete with the building more than one kilometer high I want to find out what motivates amount to keep building toward that and I want to understand his personal ambition for creative architecture a tourist kind well the problem of your national I need a tree in the Chicago architectural center Adrian's phone designed this two story building which overlooks the Chicago River and its houses models of many famous architects buildings from around the world this is the model of for the Chicago area as well central area going down to John Hancock and over to McCormick place it.
"eight trillion dollars" Discussed on KHVH 830AM
"Line a call right now at eight six six gold line they will they will help you they have a really great staff they're the people who are on there on the phone banks are so great I've I know them I've met them to many many times they actually really like you because they had the Glenn Beck they see this a quote we fight over Glenn Beck calls anybody says they're calling because they heard on the Glenn Beck program we all want that call because the the audience this what they tell me the audience is so smart when they've already done their homework they're not they're not just a bunch of boobs that we have to like okay no now this is how it works they've already done their homework. and they're really polite I love hearing that about you because it's true this is just a different audience anyway I want you to call them and ask them about their accumulation program where you can get is eating it started for as little as a hundred dollars a month I know that in times like these when the market is so volatile it's easy to feel like okay world so what do I do I don't have the money for gold or silver. in a way with at least a little percentage of your portfolio it might be it might be better to say I I I I can't afford not to invest in gold just a little bit market and analysts say that about ten percent of your portfolio should be in gold for anybody who doesn't have a portfolio I mean one is a portfolio what are you talking about powerful if you don't have a portfolio call them because they can help you little is a hundred dollars a month you can put away and keep it all in gold there were accumulation program do it now call them please eight six six gold line read their important risk information to see a buyer and buying gold or silver is right for you I had a ton of letters from so called experts over the weekends over the weekend on what I talked about the economy I have to Hey you have to share some of these letters with because they're on both sides both saying Glen you are absolutely right and here's how I know because I'm an expert in this and then I get another letter is is Glenn your complete bull because I'm an expert in this. I'm just telling you it doesn't make sense to me what the fed is doing with money right now the they are they're coming up with a a way to definitely not bail out the banks are not feeling of the banks they're just they're just loaning this money they're just buying some of their assets wherever that was part of the troubled asset programmer member they're just buying some assets from the banks that's all they're doing and in the next what is it twelve days they will have given the banks one point eight trillion dollars they announced that on Friday we're going to keep doing it until October tenth to the tune of one point eight trillion dollars. huh. there's anything to worry about call gold line now the number is eight six six gold mine one eight six six.
"eight trillion dollars" Discussed on Newsradio 700 WLW
"Photo shoots she was trying to pose seductively in a Lamborghini her heel slipped off the brake and she accidentally drove the Lamborghini into a pool well which is nice what you make it I don't believe she was naked but the car is ruined we have pictures of that I got a text here from Jay Phillips the superintendent that deer park who says they've tried to schedule Korean high school now for several years in Coleraine is stuck in the park is that true or not I don't know who is the new coach of coloring it was Tom bold's I think it was I didn't ask you that is the new coach I don't know I can't remember his name it's we get a hold of him and telling the park once you will they probably already got the schedule made this year the pie you know one eventually play of twenty twenty seven where it never why not Rachel please continue really this bill Cunningham stadium built by then at sixty eight trillion dollar stadium over there when you quit talking Rachel we you we also still have the video of the girl going face first into a bird on a roller coaster you seem to have that yeah you're pretty much like I really enjoy the video I love yeah so supposing Favio is I think I think Bobby hidden I've not had a Hawker an eagle or something that was the best you try to be so cool and dignified but as four heads wide open his blood pouring down he's going to be closing at bird got to this hair and he had a complete the ride with them in a way I I don't mean to minimize imagine being on the base and suddenly someone hit your head and you but I'll tell you what will you come home what do you do it's not like say let me off no no he just complete the ride bleeding and this poor woman I'd that's funny you see she was was fine now I mean she did not get hurt at all it was maybe a couple small bruises and scratch from the beak of the bird we can't speak to the bird the bird looks like the bird got the front of it the worst of it but for yeah I'd like that tie that Randy Johnson hit that verna ball game will never happen again of course you.
"eight trillion dollars" Discussed on KOMO
"Here the other half don McDonald is out on the road he's heading our way he had a trailer or that turned into an emergency while I'm a let him do all that explaining for you next Saturday would actually he'll be here without without yours truly because I will be on vacation but don I'm sure we'll spend just minutes and minutes maybe hours explaining how his trip went sideways so stay tuned for that that would be a very important program and something you wouldn't want to miss so make sure you you you you put that in your calendar but today we're here to answer your questions eight five five nine three five eight two five five you know we spend a lot of time talking about the investing side of money the investing side of your future because when if you save something you need to have it grow a bit right would there's something like eight trillion dollars in banks right now and which is great for the banks because you put that money there was very little expectation of return and they're investing in and they're making money on that soul that feels not so great to you but I'm fascinated when I ask people what they think and important topic for this program would be and I asked to one of my favorite clients about this today and she said when talking to a friend business associate of mine earlier this week who's a few years younger than me he said something that struck me many of us are one catastrophe away from being homeless this came up when we're talking about the Seattle homeless issue and many of you worry about getting by day to day you worry about well if I lost my job or if I had a serious illness or some other catastrophe happened how would I deal with that and that is an issue well in the a couple of things I think to keep in mind here number one and this is an easy one because most of us can remember two thousand eight a lot of people lost their jobs in two thousand eight right two thousand eight two thousand nine or they had to take less or they had to work part time or their company cut benefits or there was a lot of a tough times there and the people that manage to survive that and do it well we're not in debt right they didn't old people took out the money to others they do so they wore borrowers right they weren't spending beyond what they were bringing in because another part of this equation often times can be simply changing your life to some extent right if it's if it's a drastic reduction in income than maybe you have to reduce the way you live dramatically the other part would be having an emergency fund of some kind setting a bit of money aside every single month there's ways to do this very easy ways by the way you do this thing called acorns which I love because it's automatic it's a disciplined approach money comes out of your account every time you use your debit card and goes into another account actually gets invested but you should have an emergency fund of some kind three to six months set aside for whatever major catastrophe could come along and here's another idea by the way you could also have credit available sometimes you're not going to use that credit you might have a heel lock you might have a credit card that is there for something that major the comes on I am astounded that amount of time to read that many Americans could not come up with for five hundred dollars if they need it I'm not telling you to go take out a credit card and run up the debts or by an island or do anything crazy but you should have it available to you so that it's there for whatever disaster may await those are some things I think that would work for you two of vert a potentially huge catastrophe in others have you lost your job or if you had a health problem and then you had no back up and you had to move or you had to live somewhere that didn't you didn't want to at least having some of these other things in place to give you some sort of safeguard I agree that many people are just one little problem or big problem away from having their lifestyle change dramatically live beneath your means save something have an emergency fund and have some other available resources so that when some catastrophe does come along you are able to take care of yourself out you know I just save for me I just fall back on how my children take care of it that's a whole other show we're not going to get into that so take care yourself be ready for whatever's around the corner because frankly we never know when it.
"eight trillion dollars" Discussed on KFI AM 640
"What you owe the IRS? So it's okay to file an extension. It's not okay. Not to pay your taxes done wrong. So yeah, you got to pay your taxes. But now, I know what you're saying, wait a minute. If I don't I don't fill out my ten forty. How do I know how much I owe in taxes? So I gotta fill out the tax return order to figure out how much I owe in taxes. So I might as well fill out the return on extension. No, no, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year, you won't have to worry about interest or penalties maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eighteen compare it to your 2017 return, and as long as that is a monster similar, then you're good to go. And I know that sounds complicated. It's your fault because you got laid it into the last weekend. You know what I'm saying? By the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you in may to come up with all this tax money might not say like a big deal because you know, like a pup. Whatever it's like it still hurts to write a check. When you didn't like everybody was laughing because when I signed my tax returns this year I had to get completely wasted..
"eight trillion dollars" Discussed on WBZ NewsRadio 1030
"What you owe the IRS? So it's okay to file an extension. It's not okay. Not to pay your taxes done is wrong. So yeah, you gotta pay your taxes. But now, I know what you're saying. Wait a minute. I don't I don't fill out my ten forty. How do I know how much I owe in taxes? So I gotta fill out the tax return in order to figure out how much in taxes. So I might as well fill out the return on extension. No, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year, you won't have to worry about interest or penalties maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eighteen compared to your 2017 return. And as long as that is similar then you're good to go. And I know that sounds complicated. It's your fault because you got laid it in the last weekend. You know, what I'm saying, by the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you in may to come up with all this tax money might not seem like a big deal because you know, I'm like a pup. Whatever it's like, it's still like hurts to write check when you didn't mind. Everybody was laughing because when I signed my tax returns this year I had to get completely wasted. Folding me out is is is couldn't even it's unbelievable. Everybody acclimate action even business that rob spiel and keep from people every day, even they have to pay act. Speaking of which do you think that you could give me my twenty thousand in cash. My concern is that this might bump me of me to higher tax grand beta bear king I paid over Tang tax intended to get completely wasted. If.
"eight trillion dollars" Discussed on WLS-AM 890
"What you owe the IRS? So it's okay to file an extension. It's not okay. Not to pay your taxes. You have done is wrong because you know, the drill. Everybody has to pay taxes even businessmen that rob and steal and cheat from people every day. Even they have to pay taxes. So yeah, you gotta pay your taxes. But now, I know what you're saying. Wait a minute. I don't thin. I don't fill out my ten forty. How do I know? How much I owe in taxes? So I gotta fill out the tax return in order to figure out how much I owe in taxes. So I might as well fill out the return on extension. No, no, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year, you won't have to worry about interest or penalties maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eighteen compare it to your 2017 return, and as long as that is a monster similar, then you're good to go. And I know that sounds complicated. It's your fault because you got laid it in the last weekend. You know, what I'm saying, by the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you, and may to come up with all this tax money might not say like a big deal because you know, I'm like a pup saying, whatever it's like, it's still like hurts to write a check when you didn't laughing. Everybody was laughing because when I signed my tax returns this year I had to get completely wasted..
"eight trillion dollars" Discussed on KGO 810
"What you owe the IRS? So it's okay to file an extension. It's not okay. Not to pay your taxes. You have done his wrong because you know, the drill. Everybody has to pay taxes even businessman that rob and steal and cheat from people every day, even they have to pay taxes. So yeah, you gotta pay your taxes. But now, I know what you're saying. Wait a minute. I don't think I don't fill out my ten forty. How do I know how much I owe in taxes? So I gotta fill out the tax return order to figure out how much I owe in taxes. So I might as well fill out the return on extension. No, no, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year. I'll have to worry about interest or penalties now maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eighteen compare it to your 2017 return and as long as is a master similar, then you're good to go. And I know that sounds complicated. It's your fault because you got laid it in the last weekend. You know, what I'm saying, by the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you, and may to come up with all this tax money might not say like a big deal because you know, like a pup. Saying whatever it's like, it's still like hurts to write a check. When you everybody was laughing because when I signed my tax returns this year I had to get completely wasted. There's they're holding. Is cut me. It's unbelievable. Everybody acclimate action even business, that's rob and steal and keep from people every day, even they have to pay act. Speaking of which do you think that you could give me my twenty thousand in cash. My concern is that this might bump me up to a higher tax brand that bears paid a bear tag. I paid over Tang when I sign my tax return this year to get completely wasted. Was known. If.
"eight trillion dollars" Discussed on WTMJ 620
"What you owe the IRS? So it's okay to file an extension. It's not okay. Not to pay your taxes done wrong because you know, the drill. Everybody has to pay taxes either. Even businessman that rob and steal and cheat from people every day, even they have to pay taxes. So yeah, you gotta pay your taxes. But now, I know what you're saying wait a minute if I don't I don't fill out my ten forty. How do I know how much I owe in taxes? So I gotta fill out the tax return order to figure out how much I owe in taxes. So I might as well fill out the return on extension. No, no, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year, you won't have to worry about interest or penalties maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eight teen compare it to your 2017 return and as long as that is a monster similar, then you're good to go. And I know that sounds complicated. It's your fault because you got laid it in the last. Weekend. You know what I'm saying? By the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you in may to come up with all this tax money and not say like a big deal because you know, like a pup saying, whatever it's like, it's still like hurts to write check. When you didn't. We were laughing. Everybody was laughing because when I signed my tax returns this year I had to get completely wasted..
"eight trillion dollars" Discussed on 600 WREC
"So it's okay to file an extension. It's not okay. Not to pay your taxes done is wrong because you know, the drill. Everybody has to pay taxes even businessman that rob and steal and cheat from people every day, even they have to pay taxes. So yeah, you got to pay your taxes. But now, I know what you're saying. Wait a minute. I don't I don't fill out my ten forty. How do I know how much I owe in taxes? So I gotta fill out the tax return in order to figure out how much I owe in taxes. So I might as well fill out the return on extension. No, no, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year. You won't have to worry about interest or penalties maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eighteen compare it to your 2017 return and as long as that is a master similar, then you're good to go. And I know that sounds complicated. Because you got laid it in the last weekend. You know, what I'm saying, by the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you in may to come up with all this tax money might not seem like a Banco because you know, I'm like a pup saying, whatever it's like, it's still hurts to write a check when you didn't. Everybody was laughing because when I signed my tax returns this year I had to get completely wasted. There's. Holding me up. It's unbelievable. Everybody actions. Even. Rob stealing keep people every day. Even they have to act. Speaking of which you think that you could give me my twenty thousand in cash. My concern is that this might bump me up to higher tax grand bare king paid over Tang when I sign my tax return this year had to get completely wasted. If.
"eight trillion dollars" Discussed on KOA 850 AM
"What you owe the IRS? So it's okay to file an extension. It's not okay. Not to pay your taxes done is wrong because you know, the drill. Everybody has to pay taxes either. Even businessman that rob and steal and cheat from people every day, even pay taxes. So yeah, you gotta pay your taxes. But now, I know what you're saying. Wait a minute. I don't I don't fill out my ten forty. How do I know? How much I owe in taxes? So I gotta fill out the tax return order to figure out how much taxes so I might as well fill out the return on extension. No, no, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year, you won't have to worry about interest or penalties maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eight teen compare it to your 2017 return and as long as that is similar then you're good to go. And I know that sounds complicated. Because you got laid it in the last. Weekend. You know what I'm saying? By the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you, and may to come up with all this tax money might not seem like a big deal because you know, like a pop singer whenever it still hurts to write check when you didn't. Everybody was laughing because when I signed my tax returns this year had to get completely wasted..
"eight trillion dollars" Discussed on WCBM 680 AM
"What you owe the IRS? So it's okay to file an extension. It's not okay. Not to pay your taxes done. Because you know, the drill. Everybody has to pay taxes even businessman that rob and steal and cheat from people every day, even pay taxes. So yeah, you got to pay your taxes. But now, I know what you're saying, wait a minute. If I don't finish. I don't fill out my ten forty. How do I know how much I owe in taxes? So I gotta fill out the tax return in order to figure out how much I owe in taxes. So I might as well fill out the return on extension. No, no, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year, you won't have to worry about interest or penalties maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eighteen compare it to your 2017 return and as long as that. Is a master similar. Then you're good to go. And I know that sounds complicated. It's your fault because you got late in the last weekend. You know what I'm saying? By the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you in may to come up with all this tax money. Not a big deal because you know, I might a pup singer whatever it's like it's still hurts to write a check when you do. Everybody was laughing because when I signed my tax returns this year I had to get completely wasted. Folding. It's unbelievable. Everybody action even business that rob stealing keeping people every day, even they act. Speaking of which you think that you could give me my twenty thousand in cash. My concern is that this might bump me of me to a higher tax grant bears Peterberg tank high paid the Homer Tang. I had to get completely wasted. If.
"eight trillion dollars" Discussed on WLS-AM 890
"They don't care, frankly, the IRS is happy to have you file an extension because they're going to get a ton of mail anyway over the next several days, you know, how long it's gonna take the IRS to actually open all that male. They just as happy to get your return in the summertime or in the early fall. So look, it's not a big deal. It won't increase your risk of getting audited. Either don't worry about it. It's not a big deal file extension. Better yet, ask an accountant to file the extension for you. There's no way you can call a professional tax preparer right now and have them take on your case. And have your return done by Monday night. I would never hire anyone willing to do that tax preparers. Lisa legitimate ones. Are plenty busy with their current clients to take on a new client today. They'll be happy to take you on a new client may I because they're going to take a couple of weeks vacation is of the fifteenth. You know what I'm saying don't make yourself. Crazy. You've procrastinated which is the number one cause a financial failure. By the way, that's subject for another time. But since you procrastinated since you haven't been able to get around to it. Maybe we're waiting on data from third parties. Maybe you're waiting on K ones that have not yet shown up from other folks, don't worry about it. It's no big deal file an extension one important piece of fine print really important filing extension gives you an extra six months to file your return. It doesn't give you an extra six months to actually pay. What you owe the IRS? So it's okay to file an extension. It's not okay, not to pay your taxes gone wrong because you know, the drill. Everybody has to pay taxes either. Even businessman that rob and steal and cheat from people every day, even they have to pay taxes. So yeah, you gotta pay your taxes. But now, I know what you're saying wait a minute if I don't I don't fill out my ten forty. How do I know how much I owe in taxes? So I gotta fill out the tax return order to figure out how much I owe in taxes. So I might as well fill out the return on extension. No, no, no, no, no. Here's the deal as long as you pay by Monday night, at least as much as you paid last year. It's called a safe harbor as long as you pay. At least what you paid last year, you won't have to worry about interest or penalties. Now, maybe interest for being late, but certainly not a penalty. So just look at last year's tax return and compare how much you've paid the IRS so far for twenty eighteen compared to your 2017 return. And as long as that is a monster similar, then you're good to go. And I know that sounds complicated. It's your fault because you got laid it in the last. Weekend. You know what I'm saying? By the way, the twenty twenty budget. The reason you're paying all the taxes. You're paying is because the budget is four point eight trillion dollars. And that's why the government needs you in may to come up with all this tax money might not say like a big deal because you know, I'm like a pup saying, whatever it's like it's still like hurts to write a check. When you didn't like we were laughing. Everybody was laughing because when I signed my tax return this year I had to get completely wasted..
"eight trillion dollars" Discussed on WCBM 680 AM
"And so we'll see where it goes tomorrow. We'll have a better idea on its direction and impact current temperatures. Michael in Highland town in Baltimore thirty to twenty nine in Hagerstown coming up on the news at nine o'clock Senate, president scheduled to discuss his health diagnosis. Outrage of the day today from the what were they thinking department? A piece of sculpture resembling the Saudi Arabian flag is being displayed at the former site of the World Trade Center. The artwork is shaped like a single piece of rap candy with the rapper being the kingdom's. Green flag emblazoned with the Muslim profession of faith. There is no God. But God and Mohammed is his prophet fifteen of the nineteen Al Qaeda hijackers in nine eleven. Were Saudi citizens. The attack was at least partially funded by the Saudi Arabian government. Although they continue to deny that. But that has been proven without a doubt plan by bin Laden. The New York. Observer I noted the nine foot sculpture again the Saudi flag candy part of a pre existing sculptural exhibit called candy nations. Seriously. I wonder wonder who approved at the World Trade Center, it's about adding insult to injury. And you notice the candy connection every time they have something to celebrate in the Muslim world like they were celebrating nine eleven. They went out in the streets and gave candy to the kid. So it is. Wherever's idea. This was to commission this artwork should be taken out and beaten with sticks. That is our outrage of the day. It really is outrageous president is tweeting again, there is great unity with the Republicans in the house and Senate despite the fake news media working in overdrive to make the story look, otherwise the opposition party, and the Democrats know we must have strong border security, but don't wanna give from another one of his many win. And he's right about that. No doubt. And the president is getting ready to leave for the great state of Texas. He's heading down the southern border the this afternoon and take a look see up close and personal for himself. One of the reasons why Paul rhino. No he was seen with this new newly grown beard and a Cup of coffee drop and his kids off at school the other day. That's what he's doing in retirement. Is that do, you know over the last eight years, a Republican House Republican House increased the debt nearly eight trillion dollars a trillion dollars a year. A reply now, you would expect that of the democrat. You're now from conservatives not from concerned. Well, that's the problem. There aren't that many conservatives in the Republican party at least not yet, right? So, you know, the house freedom caucus of a few others, but Paul rhino and Kevin McCarthy, and Cathy, McMorris Rogers and the rest of the leadership of the House Republican party pox on all their house. And this is the reason why you get booted out when you don't can't keep your campaign promises to the American people when you betray the principles of again, financial responsibility. You should be lowering the size of government, not growing. But again eight trillion dollars in eight years. That's just mind boggling at it. Those those kinds of numbers to say the least. And our old buddy. Remember sheriff Israel down in Florida. Yes. Scott Israel, who has ties to the council new American Islamic relations whose deputies did nothing during the park land schools shootout last year, next Valentine's Day this next month. Yet, he provided weapons training to notorious radical mosque. Go figure that one out. He has finally been suspended newly sworn in governor Rhonda Santa's has suspended the sheriff good and the rest of the cowards from Broward did not actually there were a lot of brave officers that went in that day, there were several who didn't the fact that Israel is a political dog animal political, I should say, and he has been suspended by the governor and rightfully so for his policies and lack of action. Meanwhile, an Obama appointed judge said the Rick Scott violated, the constitutional rights, Brenda Snipes, the Broward County election supervisor Monreale problem with her when he suspended her violated her her due process. Yeah. Can't hold elected officials accountable when they screw up that is that Donald alive where I saw that in the constitution. Right. It's eight fifteen ten before the hour. And you're listening to. Sean in Frank Maryland's wakeup call. The following is a paid announcement bureaucrats.
"eight trillion dollars" Discussed on Biz Talk Radio
"Let me repeat. By the way on the weak. Dow was up one point six percent. That's it. Got that for this month? Thousand point forty four. Of a percent. For the month of the SNP. Upper percent. For the week one point eight five. For the week two point three four. For the month. Now up one point five. And may I say the weeklies do not look that scrumptious. You know, what the weeklies look like a bear market rally. Repeat that I mean, really. One may contains the playing field that he is somehow we got to the point where we enabled one man the ability to print five trillion dollars, which is what Burbank he did. Keep rates at zero percent one. We gave him. The ability. That's why old if he asked me. That's wild been asked where the government shutdown matters to market on a scale of one to one hundred as John Vernon said zero zero. We have other sympathy for workers that are out of work and workers that are not being paid. They will eventually get paid. But hey, somebody's living paychecks. That's not good. Just remember what's going on here? You on the left blame the right? You on the right completed the left we give you numbers. The left and right in the last two years spent eight trillion dollars..
"eight trillion dollars" Discussed on Biz Talk Radio
"Be working on Wall Street have become a lobbyist big box. Just like Eric cantor that other yachts dead. These were people I depended on these with these conservative Republicans that cared about debt and deficits. And the future the long term future this country that federal spendings out of control, and they all lie to you. Trump light to you McConnell, light to Ryan IT, the Republican party light to you. Forget the socialists. They just suck. What had my interest today? Was. And worry. The socialist met with Donald Trump in the White House today to try and fix up this government shutdown. Which is not a government shutdown. Of course, only in our government is a shutdown is not a shutdown shutdown. And I want you to think about this. You know, I call myself vista logic. Because I have the most logical man in the world, you do know that right? It just logic. Simple. L O G. I see. Two thousand seventeen in two thousand eighteen while the Republicans were in power everything. Our federal government spent over eight trillion dollars, we sent them a record six point one. But they spent eight eight trillion. Trillion. Now, you know, what a trillion is. Right. It's.