35 Burst results for "Seven Trillion Dollars"
AP News Radio
US budget deficit eases to $165B in October, down 42%
"The United States monthly budget deficit fell in October I'm Ben Thomas with the numbers a much improved economy enabled the government to collect more taxes from individuals and corporations last month the treasury department reports the federal deficit came in at one hundred and sixty five billion dollars that's forty two percent lower than October of last year when it rang up a record two hundred and eighty four point one billion in twenty twenty revenues declined while spending to deal with the impact of the corona virus sort for the twenty twenty one budget year which ended September thirtieth the deficit totaled two point seven seven trillion dollars that was the second highest on record behind the year before twenty twenty Ben
Radio Boston
"seven trillion dollars" Discussed on Radio Boston
"This is radio boston. I'm john during a lot going on in the nation's capital this week yesterday the senate passed a roughly three point five trillion dollar spending. Plan that on the of passing a one point. Two trillion. Dollar bipartisan infrastructure. Plan on tuesday. And it's still not a done deal not even close right now. The larger spending package is just a big number list of priorities and lawmakers now have to get to work on the long process of actually drafting the legislation that would determine how the money gets spent. Meanwhile the house isn't ready to vote on the smaller. Bipartisan transportation infrastructure bill. That's the one point two trillion dollar one progressives in the party wanna flesh out the bigger package i and it could be hard to keep all the coalition's in place through all of that. So four point seven trillion dollars. Total hang in the political balance. Will it make it across the finish line. We checked in with massachusetts senator markey at market. Just last hour to see if he could help shed some light on all of this and i started. By noting to big packages totaling. Several trillion dollars passed in the senate. That's a lot in one week. It was a lot but it didn't just happen overnight. Like many things if it built actually from last year on the infrastructure bill where trump kept having infrastructure week after infrastructure week and i serve on the transportation and infrastructure committee so we had finished a big part of the bipartisan bill. Last year we brought it forward And we were able to bring in some republicans who said that they would defy. The trump tweets In work on a bipartisan bill. And the big news from massachusetts is. We have four billion dollars. Highways in the bipartisan bill. We have a billion dollars for bridges to be repaired. We have two point five billion for the nba and other transit We have Money for electric vehicles will have hundreds of millions of dollars for broadband deployment inside of massachusetts inside of that legislation And there's also money for electric vehicles. There's money for electric buses in their for massachusetts. And that's before we reach the three point five trillion dollars of bill. That's gonna be all democratic senator. Let's start with the eight billion that comes out of the smaller. Bipartisan one. Point two billion dollar kinds of kind of roads and bridges package. How do you get that one over the finish line especially given that there is argument within the democratic party on whether or not the three point five trillion dollar larger spending package needs to get legislated. I well we're going to be sending both of these bills overa- and it's a combined four point Seven trillion dollars one point two trillion and the bipartisan bill. Three point five trillion in the democrat. Only bill and what nancy pelosi has made very clear. Is that neither. Bill will move until both bills move over there..
AP News Radio
Amazon Begins New Chapter as Bezos Hands Over CEO Role
"Amazon's founder and CEO Jeff Bezos has stepped away from the company's top spot Jeff Basil's has handed over the reins of Amazon to ENT Jesse who ran its cloud computing business but Basil's who remains the largest shareholder still hold sway over the online behemoth taking on the role of executive chairman with plans to focus on new products and initiatives jazz he takes the helm of a one point seven trillion dollar company that tripled its profits during the pandemic with consumers more dependent on internet shopping but Amazon is facing activism from its work force during a labor crunch one unionization effort failed and now the teamsters is attempting to represent the work force hi Jackie Quinn
P&L With Pimm Fox and Lisa Abramowicz
"seven trillion dollars" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"A lot of companies that you can get your exposure to all right andrew so looking at foe what are some of the big holdings in ufo. Certainly so we have companies like virgin galactic. Max are just recently in the most recent up Rebalance added company. Mda to the bond You also have a lot of satellite operators and providers launch companies and even some of your diversified aerospace and defense names that are major players in the space industry. Like your goings. And you're lucky. So if i look at the. Etf over the last year. It's just shot up from twenty to thirty almost thirty two. You're looking at fifty percent gain the last twelve months. What's your expectation going out a year or two. I can't really make i'm not allowed to make projection. But will we will we can look at is. There's various investment banks research. Houses have all started building focused. Space analyst teams and companies like morgan stanley are predicting that the space industry could be over a trillion dollars by twenty forty bank of america even pointing that the space could Economy could be roughly two point seven trillion dollars by twenty forty five and as of the most recent space record numbers in two thousand nineteen industry is only at about four hundred twenty four billion so You know a lot of analysts are pointing to broadband internet and communications really driving that growth over the next several years andrew. While we have you. I have to ask you about. Ufo's i've generally not been a believer in ufo's but there's been a lot of military footage. I i'm not sure if it's air force or navy pilots documentaries lately. Yeah and i understand. There's some pentagon report out there. Giving us what you know about that. Yes we're we're waiting for the The the public release there have been several individuals and entities that have been Given copies of the report already but this was something that was passed in a coronavirus relief. Plan that this report would need to come out and essentially From what we're hearing that's been leaked already It discusses hundreds of Confirmed reports of having identified Ufo's or as they're now calling them uap's and we don't know what they are. Fill although we might not have an answer saying that. Okay these crafts that we can't identify or understand our foreign adversaries or other worldly If it's terrifying from from both standpoints one that you're or adversaries could be a hundred years ahead of us technologically or the other end that These are otherworldly. you'll cry. you can't even understand. Oh i see so. You're saying it's possible that rather than aliens. These are earthly foreign adversaries. Yes because i you know any logical person who thinks about it. Rationally has to assume there are many other life forms in the universe right. I mean it's very large and and it's very unlikely that we happen to be on the leading edge of life. Intelligence right yeah. It's it's amazing to think that you always there were other countries that were advanced enough to come up with these technologies that defy you'll our understanding of physics You know that they've just been sitting on these technologies and not using them for other purposes so you think that there could be other technologies that maybe you were. You're not far away from being able to understand or potentially harness and thinking about how the active they have You know human space Desires as well as just you know what we can learn from. You'll others out there. That might be a lot smarter than we are. So they're the fact that our government can't rule that out. I think you'd potentially what could be the big takeaway from. Yeah if if there's technology coming from other countries on earth that is slightly terrifying and we don't know about it. But paul sweeney. Don't you have to assume in you know galaxy that a universe that goes out thirteen billion light years that one of the i don't know how many millions of other planets there are. How many millions of other solar systems there are on on at least one of those most likely thousands of life forms have developed. I'm big star trek fan. I go way back to the original star trek. So yes is my answer but I haven't really seen any evidence but this is this new stuff that we're seeing just recently from some of these military aircraft are are very interesting to be interesting to see what kind of conclusion that pentagon comes up with andrew. I mean when you have all this talk about potential. Ufo's is that good for the space. Business i certainly think so. You know if you look at it you our ability to learn from whatever. These technologies are to advance us. You know extremely quickly if we're able to figure out how to reverse engineer some of this and from your defense standpoint You've got to think that there's a. There's a good chance that we could see more government military expenditures towards space whether it's trying to figure out how to create these technologies ourselves or whether it's just tracking identifying cataloging and trying to understand where these crafts that are moving you'll within our own airspace. So this is a national defense issue as well as one that could provide. Opportunities is is the space force andrew. Still a thing. I know you spent a lot of time. Thinking about. This is still a thing absolutely. And we're spending going towards space force and that's a growing branch of our military sweet off. At first. i thought it was just like what what is this. You know can't the air force discontinued. But maybe maybe they're onto something. When are we going to see this report. Officially released it was supposed to be released. Actually today And now they're saying that it could be released by the end of the month. So keep your eyes peeled. This is something that we're we're certainly looking forward to. Its release them. Added a risk exposure to see your Because of potential you. apn ufo. Alright well this cool stuff. Have you back on andrew shannon. He's a chief executive officer for procure. A. m talking to us about ufo's the f. And also real thing mad. I mean again. I'm big fan of star trek. They're you know we'll see but anyway it's attracting money. So that's important to us a bloomberg. We'll have more coming up. This is bloomberg. Our lives are full of decisions. Like play and sewer. Skip all the market turn. Should i change jobs. What's the best school ken. My diet help the climate in. What's a flexible burien at the wall street journal. We know how important decisions are. It's why we mine. Every source every document every data point we verify every tip every sound byte every fact to provide you with accurate reporting insight without bias or agenda so that whenever you have a decision to make you have the trusted information you need to make it. Decisions to find our lives trust yours visit wsj.com slash podcast offer to start reading for fifty percent off. Now let's get over to bench lavin right now..
The Young Turks
"seven trillion dollars" Discussed on The Young Turks
"If you watch the video and didn't feel absolute doom You're not paying attention to what's going down in politics Because what he's referring to there regarding bipartisanship is all about working with the party that democrats described as a massive threat to this country. They campaigned against republicans. As if they are the worst the worst people who pose a threat to all of us which actually in a lot of ways i agree with but then they turn around and talk about the importance of bipartisanship. No how 'bout representing what the majority of american voters want. Okay never mind. The democratic voters who showed up turned up and voted for biden and also the two other democratic candidates in the for senate runoff races in georgia. How about how about ignoring the obstructionist right wing in congress and actually delivering to the republican voters who find your infrastructure bill your original infrastructure. Bill incredibly popular. It's not just democrats it's not just independents. Republicans as well and for some reason we keep hearing from democrats that we need to capitulate to the very individuals that they described as a massive threat to our lives during the last election. It's ridiculous yeah. I mean so. There are a lot of scenarios about what could play out here right. And you know the i if things is you. Know biden has through his entire career. Faddish is the senate and senate process which includes bipartisanship. And that's also why he is not pushing hard to end the filibuster while he's still kind of virtue signaling. I hate to use that term but democrats fundraise all the time off of gun violence and off of police brutality. And you know biden saying he's gonna do do anything by executive order. Okay well then you need to pass legislation that can pass through the sixty vote filibuster and so if you're not addressing that then i don't really wanna hear anything about gun control or climate change or anything like that but this you can pass be a fifty votes via the reconciliation process because it pertains to the budget infrastructure and yet biden seems to be going through this entirely unnecessary process where he is just you saying that. We should do a bipartisan. While why i mean. I don't get it i don't get it whatsoever but the point jesus my mom's calling me the point is that the point is that i mean the there is potentially some sort of plan in place right pelosi saying that. She's not going to vote on this. Bipartisan bill unless the there are two. Bill's bipartisan bill. And the reconciliation. Bill unless they both passed the senate and biding saying the same thing and the reconciliation. Bill would contain climate proposals right. I mean i don't trust them. That's the problem right. That were the case if that were the case. They're gonna do two bills one and they're just going to hand handle infrastructure through Through the bipartisan process. And then do a separate reconciliation bill. I'm like okay great. Then we have two bills. But i don't believe you. I believe that they will eventually as their way cave. And then they'll have one bill yup and the one thing that's really saving them from themselves. Here's that mitch. Mcconnell is an obstructionist and he is probably if biden signs onto something not going to say yes to it just because by onto it. So let's unpack everything. That's going on. Because i agree with your analysis and certainly with the part where you're skeptical of the democrats actually passing A second bill through reconciliation. So i what were the concessions Everything basically we heard republican lawmakers would agree to is what they're going to get Everything in regard to taxes remains unclear because remember There's been a lot of debate about the so-called pay fors republican lawmakers want put the onus on american workers to essentially increase our gas tax. And make sure that You know that regressive taxes implemented so corporations and the wealthy don't have to increase their taxes biden says that he will not under any circumstance sign onto that so even today with this announcement of a bipartisan agreement. We still don't know what they have agreed to. In regard to the pay fors so there's that also remember biden had called a for quite a bit of funding for this infrastructure. Bill to the tune of one point seven trillion dollars Well the pared-down down. Plan the bipartisan agreement. With five hundred fifty nine billion in new spending has rare. Bipartisan backing and could open the door to the president's more sweeping four trillion dollar proposals later on this is according to the associated press. The senators have struggled over how to pay for the new spending but left for the white house With a sense of confidence so that should be reassuring to you all right. They left the white house with a sense of confidence that they'll figure it out to me. That is a foreshadowing of regressive taxation to come because there's no circumstance under which ten republican senators would sign onto legislation that would increase taxes on the rich so. I'm actually skeptical that this a bipartisan agreement is actually going to go through then you get to the second part of it which is all right. Well we've we've made all these concessions to republican obstructionists in the infrastructure. Bill but what we're gonna do is we're going to pass all of our other priorities through a second bill and we'll do it the reconciliation which doesn't require sixty senators To vote in favor of it we can do it. The simple majority well. Here's what pelosi says. Pelosi on thursday welcomed. The bipartisan package. But she warned that it must be paired with the president's big goals now being prepared by congress under a separate so-called budget reconciliation process and then She was quoted as saying this is important during gonna be a bipartisan. Bill without a reconciliation. Bill and biden said something very similar. I expect that in the coming months this summer before. The fiscal year is over. That we will have voted on this bill. The infrastructure bill and well as well as voted on the budget resolution But if only one comes to me this is the only one that comes to me. I'm not gonna sign it. it's in tandem. He's making it very clear that he needs to have both bills done. Simultaneously one through a bipartisan vote. Allegedly the other reconciliation which will include things like childcare. Free public college The human infrastructure components of his original proposal that was rejected by republicans but in order for that to pass the reconciliation. Emma wouldn't that mean that we would run into the same issues. We ran into with cinema and mansion. Not wanting to support the bill. Because it's not bipartisan. Enough and i'm talking about the second bill. Yeah and the second bill is the one. That's the most likely to be act because as what people don't realize is that as time passes these things get less likely to pass because we are getting closer and closer to the twenty twenty two midterms and these house. These representatives and the senators are less likely to take tough votes so that you know we don't have all the time in the world here and by the way a fifty fifty split in the senate. There are very old senators. And i'm not being morbid here. Somebody could pass away and it's not a given that they're gonna have this fifty fifty split so i mean there..
AP News Radio
Biden Ends GOP Infrastructure Talks, Starts New Negotiations
"President Joe Biden walks away from talks with Republican senators on a big infrastructure package president Joe Biden has ended talks with Republican senators on his proposed infrastructure package now plans to try to build a bipartisan compromise with Republicans and Democrats Biden walked away from talks led by senator Shelley Moore capital after the two spoke Tuesday the size of the package and how to pay for it remain stumbling blocks the president wants a one point seven trillion dollar infrastructure investment plan Republican senators offered nine hundred twenty eight billion dollars and proposed tapping unspent covert nineteen money Biden has rejected dipping at the cove in nineteen funds and proposes raising the corporate tax rate from twenty one percent to twenty eight percent Mike Rossio Washington
AP News Radio
Mike Rossi, Biden Ends G. O. P. And Senator Shelley Moore discussed on AP News Radio
"Hi Mike Rossi reporting president Biden ends G. O. P. infrastructure talks and starts a bipartisan push president Joe Biden has ended talks with a group of Republican senators on his massive infrastructure package and is now reaching out to senators from both parties in an effort to build bipartisan compromise Biden walked away from talks with senator Shelley Moore capital of West Virginia the lead Republican negotiator after the two spoke Tuesday the Biden capital talks failed to bridge the divide between the GOP proposal of nine hundred twenty eight billion dollars and fighting the scaled down one point seven trillion dollar investment proposal Biden is now reaching out to other senators including Republican bill Cassidy of Louisiana and
Wealth Management Today
"seven trillion dollars" Discussed on Wealth Management Today
"Equipped platform adviser. Group is how they customize the screens How they moved it back and forth reduce the amount of times you have to input. Data sets only once frank. Data points makes a lot easier. You can pull in proposals. You can pull another customer information internally That's internal adviser group before their advisors so it really provides a unique experience. We talked to advisers and broker dealers all the time the trading back and forth a lot of the same Hybrid visors between them. They're they're jumping ship. There's a steady churn advisor so they're all talking. They wanna know which broker dealer has the best experience which dealer deal has a scalable platform which platform requires the least amount of time to get your job done because in the end. That's what they wanna do. They want service their customers and their clients in the most efficient way possible and be able to spend the maximum amount of time working with the clients those little time doing operational adleman tasks. Having a fully digitized accounting process provides re eliminates all that efforts the manual processes so provides a better experience and a better adviser experience another aspect of dual open that we blues table. Stakes is a collaboration between advisors and clients. This is something that i saw from. Firms like gem step which is owned by invest Invesco gem step had the ability to hand off from the adviser to the client. And back again this on boarding process so he had declined could start self directed on boarding through the advisers website through a link that went into himself and then the advisor will take over the things that the client was confused about. And then hand back to the client. That's now become table stakes from all the vendors that we mentioned and also appears that the maryland potett has that as well so all these were seeing the on boarding process and the client account opening process mature all these features are becoming required. Your that's as the the expectations of clients are increasing. The vendors have to keep up and broker dealers and wire houses and other firms. Also have to keep this is just. The way of the technology is moving and were expect that to continue in the future as of december thirty first twenty twenty 401k. Plans held estimated six point seven trillion dollars in assets.
5 Things
"seven trillion dollars" Discussed on 5 Things
"Continue on what began as president. Joe biden's two point two five trillion dollar jobs plan. Republicans continued to reject what they see as a liberal social programs. That don't belong to an infrastructure. Package biden made a major concession this week. he won't scrap the trump administration's corporate tax cuts instead. The latest version of the plan would beef up tax enforcement for the wealthiest and it would make sure that the largest corporations pay a minimum of fifteen percent biden reduce the cost of the plan to one point seven trillion dollars last month while. Republicans last countered at nine hundred. Twenty eight billion on friday biden. Plans to meet with senator shelley moore capito the lead republican negotiator on the deal. Amazon's new sidewalk feature will share your internet connection with your neighbors. Sidewalk is a shared network. That launches on eligible amazon devices. Beginning june eighth and you can turn it off. Brett molina and mike snyder explained on the latest episode of the talking tech podcast. It's described by the company as a low bandwith shared network. That they say will not only allow your devices to work better but it also will help locate lost items so it kind of works a little bit like the network. That apple uses for its air. Ptacs amazon said sidewalk. Roll out to eligible echo devices on june eight. The way it works is users will share a small portion of their bandwidth which is then pulled together with others. That are other neighbors that are nearby. Sa- say you have an amazon device like a ring camera that's outside instead of just relying on your wi fi. It'll lean on other internet connections nearby and the idea behind it so that it works more effectively. It will roll out automatically to several devices including newer versions of devices.
AP News Radio
Biden Offers Tax Deal to Republicans in Infrastructure Talks
"President Biden continues to Dicker with Senate Republicans on how to pay for his one point seven trillion dollar plan to rebuild the nation's infrastructure president Biden meets again Friday with West Virginia Republican senator Shelley Moore capital the GOP's negotiator with the white house on the president's infrastructure bill Biden has proposed a fifteen percent minimum corporate income tax because of Republican opposition to returning corporate taxes to the twenty eight percent level they were before the trump tax cut press secretary Jen Psaki that certainly doesn't violate anything about the twenty seventeen taxes so that's what he's putting forward as as an idea that he's asking them where their point of view as sucky as one thing is certain no user fee increases as proposed by the GOP we're not going to go down the road if user fees or other areas that would raise taxes on the American people it's not certain if Friday's meeting between Biden and capital will be in person Tim acquire Washington
POLITICO Playbook Audio Briefing
"seven trillion dollars" Discussed on POLITICO Playbook Audio Briefing
"Is your politico playbook daily briefing. We're learning that. The gop is considering sending another infrastructure counter proposal to the white house. That's after president. Joe biden and senator shelley moore capito the lead. Gop negotiator on the issue matt for a one on one yesterday. Their public statements were planned. But here's what we were able to learn about what happened behind closed doors. After sitting down with biden in the oval office capital briefed the other five senate republicans in her negotiating group. That's john grasso. Reut blunt mike. Crepeau pat toomey and roger wicker and republicans weren't happy with what she had to say telling them. Biden wants one trillion dollars in new spending. If you're new here there's been a big debate about how much of the republican offers have been taken up by baseline spending that spending that would already occur if nothing changed and kern policy stayed the same but republicans say only a few weeks ago biden told gop negotiators that baseline spending could go towards meeting his goal of a one trillion dollar package. The latest republican offer by the way it's nowhere near a trillion dollars in new spending with an overall price tag nine hundred twenty eight billion dollars. Two hundred fifty. Seven billion dollars of which count as new spending. Meanwhile the last number of the white house had was one point seven trillion dollars so now. The gop is considering sending another counter offer to the white house as soon as friday when capital is scheduled to meet with biden. Again this time probably by phone but nothing is set in stone capital briefed her co negotiators last night. The group didn't reach a final decision about where to from here partly because we're hearing they're starting to feel discouraged one source put it like this quote. I have a hard time seeing this go ahead. because republicans plans always have baseline included. I don't think senate. Republicans are interested in one trillion dollars in new spending or changing the tax cuts or of raising other taxes. And that's been clear from day one. They added quote. It's a great dance but at some point than music is going.
AP News Radio
Biden, GOP Senator To Meet As Infrastructure Deadline Looms
"President Biden will meet this afternoon with the top Republican negotiator under proposed massive infrastructure overhaul bill with the clock ticking down to June seventh deadline president Biden is slated to meet with West Virginia Republican senator and lead negotiator Shelley more capital the president wants to spend one point seven trillion dollars to improve roads bridges and other investments using a corporate tax hike while the GOP came up only to nine hundred twenty eight billion dollars and wants to use funding allocated toward cobit relief deputy White House press secretary Corinne John Pierre said yesterday president Biden appreciates the effort to negotiate but as the president said last week we do need to finish these negotiations biting may try to muscle support from Democrats alone risky with such slim margins in the house and Senate I'm Jackie Quinn
AP News Radio
GOP Senators Ready $1T Infrastructure Counteroffer to Biden
"Some Republicans are preparing a one trillion dollar counter offer to president Biden sweeping infrastructure and jobs proposal infrastructure investment is a top priority for the White House which has already lowered its request to one point seven trillion dollars and the GOP came up to six hundred eighteen billion but talks had stalled over the size of the package to rebuild roads and bridges embrace green technology and child care and how to pay for all of it a trillion dollar counterproposal is expected from Republicans this week press secretary Jen Psaki we are waiting their counter proposal we would welcome that were eager to engage in addition to negotiating with the GOP the White House is also assessing whether it should try to go with a loan with democratic support I'm Jackie Quinn
NPR News Now
White House Makes $1.7 Trillion Infrastructure Counteroffer
"The biden administration has shrunk its infrastructure proposal in a bid to find common ground with republicans but as npr's windsor johnston reports. The two sides remain far apart. The biden administration has presented congressional republicans with point seven. Trillion dollar counterproposal. About five hundred billion dollars. Less than its original offer. White house press secretary. Jen psaki says the proposal exhibits the administration's willingness to come down in size. It does so largely by cutting from areas where there is bipartisan. Consensus republicans have argued that the bill is too broad and too costly. npr's windsor
WSJ What's News
Biden Trims Infrastructure Plan to $1.7 Trillion; GOP Wants More Cuts
"Negotiations. Over the biden administration's infrastructure plan continued today with the white house offering to cut the price tag from two point three trillion dollars down to one point seven trillion dollars. It's a counter to senate republicans proposed five hundred sixty eight billion dollar plan white house. Press secretary jen. Psaki says the revised plan shifts funding for research and development supply chains manufacturing and small businesses to other proposed legislation under consideration by congress and also lowers the funding requested for broadband roads bridges and other projects. The white house has set memorial day as a target for the plan but they remained deeply divided from republicans on the scope and how to pay for it
Heartland Newsfeed Radio Network
"seven trillion dollars" Discussed on Heartland Newsfeed Radio Network
"Live the live call in radio. Talk program where you can take control of the airwaves. Talk about whatever's on your mind. The telephone number is six zero three two eight two three six one six zero again six zero three two eight three six one six in the studio tonight. I am your host. The reverend captain kick ass joining me matt and tyler. We've talked a little bit about bitcoin. And some things surrounding it. We've talked a bit about ian freeman. Who is one of what we refer to. As the crypto six. These are six people who were arrested on march sixteenth. Twenty twenty one by terrorists calling themselves government agencies who conspire together and raided the free. Talk live studio. that's right the studio. We're broadcasting from right. Now they bashed indoors they broke doorframes. They bashed in windows. They had two tanks bearcat tanks. Here along with i think we counted six different government agencies. They rated here they raided the bitcoin embassy. They raided homes of aria. Demento rene and andy spinella and kellyanne fordham the crypto six were then arrested and of course taken into custody or held hostage is a more accurate description. Four of them were released on bail ian freeman and the person named nobody formerly rich. Paul both remain in custody. What can you do to help while you can. Visit the crypto. Six dot com. There's multiple ways in which you can donate to their legal defense fund because these charges are not a joke. it's going to take some serious legal firepower. And many experts to protect the crypto six from further aggression from the state. This case is very likely to set precedent that will affect the world of crypto currency for decades to come help them in their fight for liberty and financial freedom. Visit the crypto. Six dot com again. The crypto six dot com. Their freedom is your freedom one hundred percent. This will matter to you in the future. Yeah shame that this story isn't bigger than it is because it does matter. I keep saying that this is one of the most under reported stories in all of crypto currency. Absolutely if not even like just crime in general for the implications that it's going to have on crypto currency. What is is isn't recognized by the government. What does government recognize crypto currency as the government of course hates crypto currency because it has the potential to do craigslist did to the newspaper industry. Yes which is potentially eliminated altogether making obsolete if not at least shrink it to the smallest possible size than it could be. I'm certain this is why the government is becoming more totalitarian. Is they know that. The dollar is not in a good position like twenty seven trillion dollars and counting of debt. You know and we've got these wars that we can't maintain we've got china whose experimenting with their own digital currency were behind them like america is no longer at the forefront and so they're getting desperate and you know something i wanted to add is you're talking about being under reported for our listening audience if you go. Shires forums dot shire society dot com. There is a actually ridley. Bitcoin gandhi Actually put up a list of crypto currency related Websites of various kinds of news reporting places where you can write to them at those at the email addresses that he has listed and tell them to look out for the crypto six do stories on the crypto six. Let's get the word out there. In the crypto sphere nice Let's go to your calls and thoughts. Let's go to greg in new york greg. You're on free talk live. Hi everyone in a while. is your friendly. last libertarian. calling from new york city isn't an oxymoron left libertarian. I don't know i like. I like when people differentiate between left and right libertarian jumbo shrimp intelligence not at off the original libertarians in the nineteenth century. Mostly i'm the less you okay. But isn't that more classical liberal than it is left as we now know. The malthouse throwing anarchists they. Yeah we we had to coop term because classic 'cause liberal was co opted by the left brian. Okay well what's on your mind tonight. I wanted to bring my perspective about alon. Must and the whole twitter thing and the whole thing about Crypto currencies going down because china's cracking down mostly about elon. Musk so if you think about it. It's very a very comedy. Capitalism to have power concentrated in one person or people twitter is privately owned. it's a privately owned platform and the first celebrity that Got a million followers. I remember with ashton kutcher and you know having a lot of followers is a big form of capital. You can turn it into a lot of other capital you can for example Chill different product Or you can You know endorse You could also do what he does. Which is if you have all these followers and he tweeted on the followers were go through the who the markets and they'll buy or sell whatever you're based on what you're saying in the in the radio business. They used to call it a bomb. Remember what it is but like a popular radio. Host would get olives listeners to go to a certain website or to donate to a certain cause and they called it a radio bosch. They had some term for it exactly exactly so basically Me you're asking -tarian one big thing like that i do is i. Don't just criticize the government. I also criticized large corporation and other concentrations of power. So you know people decide on twitter who deprive foreign boot nazi platform They can do that because if they built it. They own it. That's the cornerstone of capitalism. So i you know. I can look at cap. Wasn't say that sometimes it leads to very centralized system and you know i like to decentralize things. I'd love to see an open source alternatives. Just like you guys are using matrix and you're using you know mastodon using this scored or whatever because maybe they will defy from you so you know. There's a lot to be said for completely free Permission list innovation like the web. We could -pedia current surge. Exactly so i'm just saying that you know. It seems to be that on twitter. If donald trump isn't going to be the king then you need a new king and that's much for the time being But it's all because everything is so centralized because twitter has the profit motive that they need they love to have these kinds of things because that's what brings them revenue i mean. Capitalism can also lead to centralize justin like twitter facebook the big tax. It's not an accident. It's not necessarily the government created that. Well i agree with you to extent in that you. As human beings have evolved. It was necessary for things to be sort of centralized monolithic if you will with the organization of society in order to build cities. And you know aqueduct. In plumbing as we know that thing it was necessary for things to be centralized. But we're moving now into a time. Where technology has evolved to a point. Where things can be decentralized so i'm looking forward to more of that sure and as far as messaging and social media goes there's also cryptocurrencies that working as a messaging apps and things like that. There's one called we. We know a guy whose developing one called hush. Hush is a crypto. That's really designed not so much to be.
House of the Risen Son
"seven trillion dollars" Discussed on House of the Risen Son
"Education or a successful career comfortable home. Maybe good retirement plan but god measures by godliness with contentment. Even says that in the bible. I timothy now. Godliness with contentment is great gain. That's cool i like. That solomon is one of the richest wisest men in the bible. Not one of them. He was the richest and wisest he had more money. And power than bill gates can imagine he had thousand wise. I'm not sure if that's smarter. Not but he had thousand. Wow this is a guy you know. He could do whatever he like. If he lives in our jet-setting world you could do anything and anything that he wanted to anywhere was looking up Some of the nicest places you can go into world and this is a kind of hotel solomon state at. I can't pronounce the name it was. It's in dubai. Seven star property. Got a fleet of rolls. Royce's fair you from the hotel to the airport that kind of thing Their way into the got outdoor pools got butler service at the cabanas. All kinds of things. The interiors got gold columns with gold leaf and thirty different types of marble starts at twelve hundred bucks a night. Us that's the kind of place solomon could afford state here today. But he sold them and did all this. He did all the things that he could do in the world and he ended up saying that fearing god and keeping his commandments is better than anything else because he and he wrote this because he found wealth to be empty and frustrating even at twelve hundred bucks a night i guess but he could afford to do that and he ended up realizing god is still more important. The mind of a person plans his way but the lord directs is steps. Sometimes the plans we make our good. Sometimes they're on a roll. But god knows the beginning the end and he might take on a little bit different. Wrote than what we were planning maybe even a different outcome but for a living faith and trust his guidance will bring us to the place that he knows his best for us bird a couple years ago. It's a nice place to spend the weekend. Relaxed is way up on all a hill. I guess i don't know living here. We would call it a mountain probably but anyway. I walked down to the bottom of this. This valley that river down there. So i wanted to check it out was nice. Spent some time down there. And i saw. It's time to go back. So i just struck up straight up the hill but it's pretty hard work quite steep so tired sweaty and tired by time ago out there when i turned around look down. There's actually a winding path. That would have taken me. The same route would have taken longer. I wouldn't have been tired. There've been a lot of good scenery not sometimes happens in life to sometimes. We need to take the long way around. You know if. I just listened to that voice in my head which is god's voice and says do it his way i would have got to the top of the hill and would have been better. Wouldn't been tired and it would have seen a lot more stuff so it'd been good. Adjust balancing scales. Belong to the lord of the weights of the bagger. His concern is this article more than seven trillion dollars..
The Erick Erickson Show
"seven trillion dollars" Discussed on The Erick Erickson Show
"Well well well you know what's racist new racism shoot. It loans owns a racist. I know you didn't know yesterday. It's hard to keep up with the woke up one day. Something's orthodoxy the next day it's heresy. Yesterday is just student loan. She loves her bad less rid of them. Today erases if you don't want to get rid of the shooter you're racist it's bad racism W- what are the members what is atlanta presley. Who also wants to defend. The police is out there saying that if you get rid of your not anti-racist anti student loan how you know one day they're going to boot me off of terrestrial radio and i'm just going to be on satellite and that's where i can use the words that are roaming realme my head right now with letters that start with like the idea that it's racist if you think people ought to pay their debt. Obligations is one of the craziest now. of course. the media's going all in on this stuff now the the democrats won fire the head of the congressional budget office because the head of the congressional budget office says that If you raise. The minimum wage will impact the deficit negatively and also That if you try to buy out or bailouts loans your drive up the dead in the country will. The media is going all in on the stuff. The washington post now has this the faces of student debt. Nearly forty five million people one point seven trillion dollars.
The Erick Erickson Show
"seven trillion dollars" Discussed on The Erick Erickson Show
"Well well well you know what's racist the new racism shoot it loans loans. Owns a racist. Know you didn't know yes. It's hard to keep up with the locus one day. Something's orthodoxy the next day. It's heresy yesterday student loan. She loves her bad less. You rid of them today erases if you don't want to get rid of your racist. It's bad racism What are the members. What is linda presley. Who also wants to defend. The police is out there saying that if you get rid of your not anti-racist if you're not anti student loan how you know one day they're going to boot me off of terrestrial radio and i'm just going to be on satellite and that's where i can use the words that are roaming around my head right now with letters that. Start with like the idea that it's racist if you think people ought to pay their debt. Obligations is one of the craze. of course. The media's going all in on this stuff now the the democrats won a fire the head of the congressional budget office because the head of the budget office says that If you raise. The minimum wage will impact the deficit negatively and also That if you try to buy out or bailouts loans your drive up the dead and the country will. The media is going all in on the stuff. The washington post now has this the faces of student debt. Nearly forty five million people one point seven trillion dollars.
Marketplace Minute
Federal Budget Deficit at $1.7 Trillion... So Far
"The federal deficit mushroom two point seven trillion dollars in the first half of the latest budget year which started in october. That is a new record for the time period. The deficit was made higher by stimulus spending to aid the pandemic recovery for the comparable six month period last year. The deficit was seven hundred. Forty billion dollars
Heartland Newsfeed Radio Network
"seven trillion dollars" Discussed on Heartland Newsfeed Radio Network
"To you by the us treasury hud and the ad council. Did you know that birthday parties. Help build confidence in kids. Yeah did you know that giving kids less sugar before bedtime helps them sleep better. Oh totally did you know that friendly kids have more friends. Everybody knows that. Hey guys did you know that. Most people think they're using the right car seat for their kid but they're not. I didn't know that parents who really know it. All know for sure that their child is in the right car seat at the right age and size visit safercar dot gov slash therightseat to make sure your child is protected brought to you by the national highway traffic safety administration and the ad council. Can you tell if these vegetables are being contaminated with bacteria that could cause paralysis. Listen you can't see it either. Use different cutting boards so that the bacteria in raw meats and seafood and their juices doesn't touch prep services for other foods like veggies. Roth may contain bacteria that can make you very sick or worse. Roughly three thousand americans will die from food poisoning this year. But you can keep your family safer check your steps at foodsafety dot gov brought to you by the usda hhs and the ad council dear. Smokey bear for teaching us how to prevent wildfires. For seventy years. Outdoor lovers would like to say something. Happy seventieth bigeye. Let's bring it in for a bear. Come out for safety tips. Visit smokybear dot com brought to you by the us forest. Service your state forester and the ad council where the rubber always meets road. Actually i'm not even sure what that means. Speed radio network live at heart. Speech dot com. This stream is supported by advertisers and contributions by follow us on facebook twitter and instagram and anger in minnesota only sobriety fox news. The governor says he'll demand that state lawmakers hold hearings on police reforms after the deadly shooting of a black man during a traffic stop arrest in a suburb of minneapolis. Even as a former officers. Trial continues there. Over the death of george floyd brooklyn center. Police chief tim gannon's yesterday's shooting appears to be an accidental discharge video and listen to the authors commands is my belief that the officer had the intention to deploy their taser but instead shot mr right with a single bullet and the officers now on administrative leave as that investigation continues president biden today asking questions but appealing for calm president said he's seeing the bodycam footage released of dante writes shooting calling it graphic than an accident wasn't intentional. That remains to be determined by full-on investigation. He says he understands the community's anger over this but instead justify violence and looting president biden says he has spoken to the mayor and the governor but says he has not yet spoken to dante writes family. Grenell scott the minneapolis. Saint paul maier's just announcing states of emergency and curfews beginning at seven pm tonight. The president defending his broader infrastructure proposals as part of a jobs plan proposes going to create millions of jobs rebuild america protect our supply chains and revitalize american manufacturing district virtual meeting with ceos about the global semiconductor shortage before a bipartisan oval. Office meeting with eight lawmakers the federal government deeper and red ink budget deficit surging to an all time high one point seven trillion dollars for the first six months of the fiscal year. That's nearly double the previous record and includes another round of stimulus checks adding billions of dollars in spending last month. America is listening to fox. Indeed is the job site that makes hiring is easy as one two three post screen. An interview lennon. Deep get your quality shortlist of candidates whose resumes on indeed match. Your job description faster. Only pay for the candidates that meet must have qualifications according to talent best indeed delivers four times. More hires than other job sites combined. If you're hiring you need indeed it started right now with a free seventy five dollars sponsored job. Credit to upgrade your job posted indeed dot com slash fox indeed dot com slash fox offer valid through june thirtieth terms and conditions apply an emotional day the murder trial of former minneapolis officer. Derek chauvin as the brother of george. Floyd took the stand crying as he looked at a picture of his brother and mother together. There was also more testimony on the cause of jeff. Another medical expert dr jonathan rich who testified for the states rejected defense claims that george floyd died of a drug overdose with methamphetamine and fenton all in his system combined with a bad heart. He have an opinion. As to whether george floyd would've lived if not focused subdural restrain outcome for nine minutes and twenty nine seconds on the ground would lived the defense on cross examination. Also asking rich if floyd would've survived if he had simply gotten into the squad car. Derek chauvin lawyer also expected to call his own medical experts when the state rests its case which could be a matter of days jeff. Monosso fox news canada's most populous province ontario just closing schools for in person learning because of a rise and very driven cova cases a four week. Stay at home. Order started their last week. Some pizza customers in texas have more to choose than just topping. Customers ordering pizza from domino's in houston. Starting this week can decide whether the delivery comes from a human or a robot. The woodland heights location is the first to offer the service partnership with neuro and it's our two robot to drop off pies. The autonomous occupant lists on vehicle with regulatory approval from the department of transportation uses radar three hundred sixty degree cameras and thermal imaging to direct its movement. Customers can track its location than use a pin number to retrieve the order from the bot- lilian woo fox news. Stocks finished lower. The dow down fifty five points at the close the s. and p. off traction after hitting a new high during the session. Lisa brady fox news. Here's some breaking news. That is very good for your business. Indeed now offers you everything you need in one place get instantly matched with quality candidates whose resumes run indeed fit your job description then schedule and interview top picks all in your indeed dashboard. 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The Propaganda Report
"seven trillion dollars" Discussed on The Propaganda Report
"Instead of having secretary instead share the state election board which gets very very political It's very very partisan they. The general assembly will elect a nonpartisan chairperson. I would rate that as a good thing. They d politicises stay election board. Just a little bit. Not a whole lot But it will deeply points. Is it some. The thing is the nope no private funding of elections Now some people will claim. Oh my gosh They always election departments. Need the money To help gray voter turnout. Well the problem is with that is. The money was distributed by partisans like Part and it was it was funneled into Basically improve the voting in in areas where he had he thought the agenda matches up with his agenda so it was used a disproportionate way which is a direct violation of both georgia and united states constitution. Equal protection crofts. Why on earth would you elections. I mean i'm an an arco capitalist. Like i don't even believe in this monopoly chorus of government. But if you're gonna have it you would think if you even had a a minimum government it would cover like. I always think this would. The wounded warrior project is have. It's like if we can't pay for the wounded warriors. Like what are we spending seven trillion dollars a year on like if we can't actually pay for the election stuff as i as government. Who could you know what what is government for a exactly iraq. Akron so I i'm not sure that we even made that much money. But what are they. Put the money into like Advertising to go vote. Or i can. They not do boxes. Would it'd be one thing news. This is that's on the data out left and that wasn't equal protection issue and for its be privatized like that will really skew. The agenda are serving agenda. Could serve exactly. You have to have equal of iranian constitutionalists. So anything that's not equal is a problem. Yeah so that has to be equal about in. And i'll see you gonna see me in a minute. I'm going to explain the out there. Something that i like that. I'm i'm opposed to because it is was not done in an equal manner by that when i miss. I have to in order to be treated constitutional principles outs supposed- stand for So another one Monica it's basically they're going to use a third parties to identify out of state. Voters decreased are deceased voters and otherwise ineligible hours so they. So that's i think a good thing however it didn't specify What they're gonna do it. It was just general. We're going to start so matt. Brennan has done a research on this. And he's he's concluded that there were enough ineligible writers that change the elections are or at least more than watching victory is he said yeah. This is a good start but it didn't specify what they're gonna do. So he's not. He's he's lukewarmly. Al thank his analogy is right on. He's got the evidence You know okay yeah. It was good grabbing..
No Agenda
"seven trillion dollars" Discussed on No Agenda
"And the values we and our allies share after meeting e. foreign policy chief joseph burrell the to announce they will restart an initiative originally agreed to buy pompeo to hold regular high-level talks aimed at coordinating china policies. It's all show tell show guys are so full of crap. Why do they have to do this. Why don't they just go on their merry way and report what's happening. Why do they have to put these little jabs at all. We're going to do a different than that guy. But we're gonna do what he did. So transparently bogus. At very annoying to me. It's hard to believe but the mainstream media and five corrupted and it happens in so many different ways. And i'm not. I'm not giving. Npr a lot of credit. I think the headline readers. Here's the kara on the f thirty five versus belt and road. Now that's an interesting topic to me. Which one is kicking ass considered to contrasting exercises of power. America's f thirty five fighter jet programme deviled by cost overruns and technical problems will ultimately cost taxpayers one point seven trillion dollars. According to a document obtained by bloomberg china will likely spend a comparable amount of money on its belt and road initiative an ambitious set of loans aid financing for infrastructure projects across the world aimed at creating greater interdependence with dozens of countries that are important to beijing which do think is money better spent turning everything else into africa. Yeah i think that's much better spent what is he taught me about. This is a false equivalency to the highest order de growth ism. Can you believe that guy. That guy is dick shameless there. But that's council council on foreign relations shameless. Their operation is really out of control. Make sure everyone that you watch the coverage of the giant cargo ship stuck in the in the suez canal. Because you will hear. The stupidest things will could adjust unload them. Go just load the containers. Let the air out of the tires you know. This is how many ships go through the fifty ships and this is going. This is prices can spike from this. A lot of the oil tankers are small enough to go through the alternate canal to okay. That's good and that's the big giant that did specifically was designed for these sorts of boats. Monster megatonnage massive boats with with cargo containers on them. And it's it's really unfortunate that this happened. Yeah me never know. Do you know the take by the way. This is not gonna be fixed in a week to snow. There's a story from who wrote this story. They can't get tugs in the what they're gonna give this to the trolls. They got to see. This won't believe this shit. There's a story in Let's see if i can pace this story and vice. Take a look at this. Trolls story and vice. That the cargo ship before it got stuck in the suez canal the they looked at the The data points the gps data points or the transponder in this case. And it's a giant dick with with balls being shoved into a but i swear to god. That's all yeah this comic strip blogger again. No this is vice. Cargo ship drew a giant dick pic in the ocean. Then got stuck in the suez canal here. Okay when you see it you'll go. Oh hey check it out. If there's anything like check out. This is a disaster of the highest. Thank you that's what people don't realize. It is a disaster. Oh it's a huge disaster. Anyone ever watched rubicon realize it. Why go back and watch that because this what do you think what do you. What do you think we're going to see it. I was going to be an increase in some commodities Has gonna be shortage of something. That's not getting through. The canal needs to go to europe or on which direction it was having could. This could this be sabotage. I think so who would be sabotaging lewis. Shani's adl come out wash. We don't know it would be the chinese but you know why. Not but okay promised. Evergreen is the evergreens taiwanese company so there may be something saw it who one of the largest shipping companies in the world. That's burying the lead. We'll how come china's now they're yelling debt should should take over them running right. Maybe that'll come. Maybe that's part of it which is should be snorted at. Evergreen is a massive shipping company and his taiwanese they may be part run out of china nowadays because everything else is. But it's it's Taiwan that fact evergreen was the company that i really started pumping out china china. The united states isn't that weird. They'll come in so. The evergreen is a taiwanese company ships all the chinese product. China is pissed that the what is the problem. I don't know i don't know what to do again. This will come out in the wash. We have no idea we have to start looking into will be some blogger.
No Agenda
"seven trillion dollars" Discussed on No Agenda
"And the values we and our allies share after meeting e. foreign policy chief joseph burrell the to announce they will restart an initiative originally agreed to buy pompeo to hold regular high-level talks aimed at coordinating china policies. It's all show tell show guys are so full of crap. Why do they have to do this. Why don't they just go on their merry way and report what's happening. Why do they have to put these little jabs at all. We're going to do a different than that guy. But we're gonna do what he did. Transparently bogus at very annoying to me. It's hard to believe but the the mainstream media and five corrupted and it happens in so many different ways. And i'm not. I'm not giving. Npr a lot of credit. I think the headline readers. Here's the kara on the f thirty five versus belt and road. Now that's an interesting topic to me. Which one is kicking ass considered to contrasting exercises of power. America's f thirty five fighter jet programme deviled by cost overruns and technical problems will ultimately cost taxpayers one point seven trillion dollars. According to a document obtained by bloomberg china will likely spend a comparable amount of money on its belton road initiative an ambitious set of loans aid financing for infrastructure projects across the world aimed at creating greater interdependence with dozens of countries that are important to beijing. Which do think is money. Better spent turning everything else into africa. Yeah i think that's much better spent what is he taught me about. This is a false equivalency to the highest order de growth. Ism can't believe that guy. That guy is dick shameless there. But that's council council on foreign relations shameless. Their operation is really out of control. Make sure everyone that you watch the coverage of the giant cargo ship stuck in the in the suez canal. Because you will hear. The stupidest things will could adjust them. Go just load the containers. Let the air out of the tires you know. This is how many ships go through the fifty ships and this is going. This is prices can spike from this. A lot of the oil tankers are small enough to go through the alternate canal to okay. That's good and that's the big giant that did specifically was designed for these sorts of boats. Monster megatonnage massive boats with with cargo containers on them. And it's it's really unfortunate that this happened. Yeah me never know. Do you know the take by the way. This is not gonna be fixed in a week to snow. There's a story from who wrote this story. They can't get tugs in the what they're gonna give this to the trolls. They got to see. This won't believe this shit. There's a story in Let's see if i can pace this story and vice. Take a look at this. Trolls story and vice. That the cargo ship before it got stuck in the suez canal the they looked at the The data points the gps data points or the transponder in this case. And it's a giant dick with with balls being shoved into a but i swear to god. That's all yeah this comic strip blogger again. No this is vice. Cargo ship drew a giant dick pic in the ocean. Then got stuck in the suez canal here. Okay when you see it you'll go. Oh hey check it out check out. This is a disaster of the highest. Thank you. That's what people don't realize. It is a disaster huge disaster. Anyone ever watched rubicon. They realize it. Why go back and watch that because this what do you think what do you. What do you think we're going to see it. I was going to be an increase in some commodities Has gonna be shortage of something. That's not getting through. The canal needs to go to europe or on which direction it was having could. This could this be sabotage. I think so who would be sabotaging lewis. Shani's adl will come out in the wash now. It would be the chinese but you know why. Not but okay promised. Evergreen is the evergreens taiwanese company so there may be something Saw who one of the largest shipping companies in the world. That's burying the lead. We'll how come china's now they're yelling debt should should take over them not running right. Maybe that'll come. Maybe that's part of it which is should be snorted at. Evergreen is a massive shipping company and his taiwanese. I they may be part run out of china nowadays because everything else is. But it's it's Taiwan that fact evergreen was the company that i really started pumping out China chinese united states. Isn't that weird. They'll come in. So the evergreen is a taiwanese company ships all the chinese product. China is pissed that the what is the problem. I don't know i don't know what to do again. This will come out in the wash. We have no idea we have to start looking into will be some blogger.
Ron Paul Liberty Report
"seven trillion dollars" Discussed on Ron Paul Liberty Report
"Pain you could just have moderate to high inflation and that we believe the fed has for sure set into motion. That is absolutely right. And i think what we're going to see though in this transition we can't predict because i don't think we've ever been at this spot. We're in right now because You know when when they'd run into a problem. The economy is turning down. They need something. They kept lowering industries and for longtime They got away with that. And then they'd bump it up and have have a mini recession. Got bigger and bigger and then when work and finally in the year two thousand with the conclusion of the housing bobble they were. It was in a lot of trouble so that was when the qe started and at the time The global death at that time you know the sovereign debt when you add it up. It was huge. It was eighty seven trillion dollars. And they worried about that and how to do it. But but They had it on the books and long as the dollar was strong and they would. The dollar managers could take care of it. That was fine. But now there's another problem in the imf yellen just announced. You know what they're what they're after. Want the imf to do in. That is to monetize that they want the imf to start getting the special drawing rights which sit around there and there is absolutely international and some people they think they can make an international currency out of which they can. That's that's not going to happen. Even though the fed wholesome gold and a few other thing that can't happen but the problem is is they're going to exchange str's for sovereign debt. We're countries are bankrupt and no argument is. Oh we're going to do this. Because there's a lot of poor countries of live beyond their me and we're going to help the indigent in third world nation which is a bunch of baloney. They're going to have they. Were gonna try to prevent some of us from becoming third world countries by bailing them out with s. The are the global debt now went from eighty seven trillion dollars to two hundred and eighty one trillion dollars and here. They're saying that We're we're going to start off with a five hundred billion dollars a year of creating these. Str's out of thin air where they can exchange for sovereign debt and pretend that the str's representing more wealth than some of the sovereign debt. And there'll be a time when You know people even with dollars would rather have something of that. And i think that's why they're looking for alternate currencies around the world and this. This is something that its way out of control and won't work..
Heartland Newsfeed Radio Network
"seven trillion dollars" Discussed on Heartland Newsfeed Radio Network
"Back Four beyond the beltway. We continue with another segment on our second hour. Nice debbie with us I'd like to begin the second by welcoming. Derek wasn't chance to speak yet derek. You've been a big fan of donald trump. do you want him Do you want him tried and convicted and sent to prison Well i think he has a right to like trial like everyone else. Whatever i personally believe about him is not for me. The way that i would divulge how i feel the process. Play out for him As far as the impeachment is concerned. I do think that that person has proven that they're no longer Can be trusted withholding office in that manner with what happened at the capital. Two weeks ago so you think there was a direct correlation between what donald trump said and the reaction of The the demonstrators and the insurgents. Well i mean half of the people were wearing trump. Garb you know. They were there of their own volition in the sense that they didn't just come up with it on their own. They were you know in essence as someone who has been deployed in defense of our nation at two to five for something I didn't see people that were fighting. For democracy storming the capital. I saw people were fighting for a person Donald trump now. Some people might suggest that That was just a test and there had been those that suggested that that was going to be a second confrontation Last week at the inauguration That did not happen so my question to you is did. The did the situation insofar as the insurrection did it. Did it reduce and lessen the the the power and the fear that that rings in the hearts of some people that think that these were hooligans that need to be arrested in shut up forever. Well i what i do know. Is that one hundred. People have been Arrested for the crime they committed at the capitol that day And i think In terms of the the additional Pro protested what they would want to call it On inauguration day i think that those were quelled around the city are around the states because they saw there was repercussions for the actions that that the the many took Two weeks prior so. I think that's really what pretty looked turner. I really wasn't much of a turnover out for for all the hype about that. There was gonna be Outbreaks and demonstrations fifty state capitals. That didn't really happen to any great significance yet. No not at all like i said. I think that you know everybody wants to do something until someone else does it. And then they get in trouble for it and then all of a sudden nobody wants to be a part of this thing anymore. So that that i think is a defining thing between actual movements like progressive real movements where people are willing to put their bodies on the line and be hurt for something to progress vanity and then people who just want to get their president. You know Election overturned. stop the steel like that. That wasn't a movement day. Just bum rushed the capital And i think it was incredibly misguided. Nick my question to you is. How badly has this. Hurt the The the future of the republican party to At the conclusion of the trump administration to try to put the party back together either with donald trump or tapped down donald trump and How likely is it that those republicans who joined in voting for joe biden. How likely is it that they will ever come back if donald trump is anywhere near that party. Why the answer your question. I think it has at least in the near term the republican party because basically played into the worst fears that folks like derek and others on the left have about people who are conservative or republican sites. Oh god they would rush the capital. They would try to overturn the election. And i know that there was at least some element of this was Certainly encouraged by donald trump. But i don't think i don't has. Silence republicans as well right now. They are quietly sitting by while. Joe biden is signing more executive orders than any of predecessors by like an order of magnitude and nancy pelosi and chuck schumer are getting ready to try to ram through things like the questionable election. Act that would is where we are in the first place and caused property so upset about the election results. Do you believe that every republican who voted for the impeachment in the house And every who might vote to convict the president are they taking their political Is that a political suicide mission for them or do you think that they will be viewed as a profile in courage and it will help their political careers. The only thing that's going to help the you know the network news and the atkins eggers and others who are still going out and bashing trump and even mitch mcconnell degree. They're turning off people who have been hashing in support of the president Again whether he's now on the sidelines temporarily or permanently. I think they're doing themselves a tremendous disturbance. What the army needs to do is figure out a captured that That flaming auto if you will which is disaffected working class people classic conservatives mainline republicans and even people who are again. Don't laugh when i say this conservative. Democrats there's one two of them out there and even libertarians and others who are not affiliated with any ardy who saw what the president did in terms of economic growth in terms of actually putting policies in place at rock manufacturing jobs back to the united states. If a republican whether it'll be gaily your article rubio or somebody else it's not going to be one of the republicans bruce who's out there now bashing donald trump aisling on with the democrats. The only thing that they're doing is they're ensuring that when they get out of office. I'm read out of office. They're going to have a nice own for themselves on. Msnbc or cnn but it's also not going to be any of the people who supported this agenda because we just saw a seven trillion dollars in debt being run up under a conservative government we saw a continuation and expanding of a trade war that lost decimation of farming communities in the us that they then had to be bailed out with tax payer money because they would have otherwise they would have starved to death because they were losing everything. We saw a massive ramping up of the so-called wars that he was gonna end overseas and instead he ramped up including the us sponsored genocide. That's going on in yemen under the direction of the saudi government and al qaeda. This is what happened certainly libertarian. Much this conservative folk president who has put us into a war in is drawing down troops so hey drawn down truth. Increase of troops under donald trump did a surge and then brought some of them back. I know that after years of republican democrat rule when we see a decrease after a massive increase. We pretend that that's a decrease but the net number of troops that are overseas right now is higher than when donald trump came into office. Derek do jump in here. So.
Ron Paul Liberty Report
"seven trillion dollars" Discussed on Ron Paul Liberty Report
"Well maybe that was the wrong thing to do. I think those kind of things can be worked out much faster and right now. We still have a lot of sorting to go and it should be done through the individual. People should have the right information. They should never depend on the government for the right information. They should deal with the possibility of of using a vaccine. Maybe a good idea. Maybe a bad idea but boy right now. People are at least Agreeing with us. You ought to be more cautious about it because vaccines have done a lot of harm. Vaccines have saved. Lives to and certainly was worse. Happening in Smallpox and polio. And if you think but now But those things can be worked out much faster in. There's not such a penalty for making mistakes if the person chooses liberty and volunteerism and a mistake is made because they won't be perfect. You know a small number of people. A very small number of people might suffer. But if you have somebody like fao g making the mistakes and his co. hurts and you might even have bill gates given his advice on medical things when that happens is big time. It wouldn't have finances get all them. People make money off this. It's trillions of dollars and that brings on the recession was already here on his way and going to be here even if they wave the wand and continue to improve and eliminate some of this lockdown stuff. It's still going going to be there and the cost is horrendous and believe it or not. no no. you'll believe it out the six or seven trillion dollars. I've already spent the past. Year is going to be paid for one way other. It might be paid for by just higher prices or whatever but it's not to be paid for by you know raising taxes that thing in new york i thought it was a silliest thing you know they were. We talked a minute ago about people leaving town. The new new york and come to texas lower taxes no income tax in this sort of thing so And they amazingly discovered that a lot of people left new york because taxes were too high a lot of rich people left in their revenues. We're going down the governor cuomo. We have to do something about this this race taxes. They do and they don't even have a question and and well the people who leave feel totally has this. Because they can't they're they're out of the influence. The control is is by the monopoly controlled media so some of them just have to leave but Too many people just say well. We'll go along with it will straighten out but no if you accept the idea that government is supposed to care for us. you know everything that we do From prado grave and anything. We need It's not gonna work because it always ends up expanding itself. The expansion of welfare warfare state starts slow a little bit here a little bit here like example could be the social scary one percent of the it is it will never go by this all and finally it Turns into a medical program and really you know ten..
UN News
Job losses from virus 4 times as bad as '09 financial crisis
"New data on the economic impact of covid. Nineteen has confirmed what many have been thinking. Workers haven't been hit like this in generations. According to the international labor organization ilo people trying to earn a living suffered massively in two thousand and twenty after the corona virus started spreading globally. Early last year. Ilo director-general guy. Ryder told journalists on monday that the impact has been four times worse than the last major financial crisis over a decade ago. This has been the most severe crisis for the world of work since the great depression of the nineteen thirty its impact is fault greater than that of the global financial crisis of two thousand nine when comparing with the law school Twenty nine teen. We now see that eight point. Eight percent of global working hours will lost in the course of the year. And that is the equivalent of two hundred and fifty five million full-time jobs. These lost working hours came from reduce time at work or what is called unprecedented levels of unemployment that affected one hundred and fourteen million people. The said that pandemic restrictions may have accounted for the bulk of these people leaving the labor market either because they were unable to work or because they stop looking the un body said that these massive losses resulted in an eight point. Three percent drop in global income from work equivalent to three point seven trillion dollars or four point four percent of the world's economy not taking into account cash subsidies for workers.
CNBC's Fast Money
Bitcoin Will One Day Hit $1 Million
"Bitcoin blowing through new records today. The crypto currency gaining thirty three percent. This week alone in case you missed it. Wargin creeks anthony. Poblano join us last night here on fast. Listen to what he said about. Bitcoin is headed. If you really think about the technology world we talk about ten x improvement props. Bitcoin is at least ten x better than gold in every way. And so i think that if you just think of a bitcoin product that has to expedite and mortgage cap kind of follows that that would put bitcoin at a million dollars. Coin right just two golds market cap in case you thought you heard wrong. That's a million dollars. A coin became. We're specifically talking about j. p. morgan's known on on Bitcoin from earlier in the week and they were making the point that there have been outflows from gold inflows. Bitcoin as bitcoin has ramped and so the notion is that bitcoin would be a replacement. Are you on board that because that seems to be the main driver these days For the bullish thesis on bitcoin. Yeah i think listen. It's digital goal that narrative has taken off this year among the institutional community and just to put a couple of numbers around that so we have gold. Roughly it's market. It's total value is about ten trillion bitcoins out about seven hundred billion eight hundred billion right now. That jp morgan not talked about if all of the money came out of gold into bitcoin. That would be somewhere around two point seven trillion dollars. So that's probably almost. What a quadruple from the price. From where we all right now maybe a little bit more a quadruple puts you at j. p. morgan's price at one hundred and forty six thousand. So it's not necessarily a reasonable. My only concern is when you you know. And i think pop made a great point. My concern is when you have these these these big upside targets then. People say hey. I'm gonna just going load into it here and i just. I've been doing it for years. But i remind people. Bitcoin has months where it's down thirty forty percent so you could buy a forty thousand today and watch it go to twenty thousand and that would not be unusual and we should make the point to that. Anthony made clear that you could see wild swings on the way to a million dollars a point up twenty percent or down twenty percent or thirty percent for that matter. Cape fat kate. I imagine that your clients are inquiring. I mean this has got to be on everybody's mind so how. How do you approach that honestly. Melissa bitcoin is not my joint jealous of the people who are in. It made a lot of money. I don't get. It doesn't make a lot of sense to me and why bitcoin if you say cryptocurrency generally cage supply-and-demand. If bitcoin is doing that well it will attract other crypto currencies. So i'm gonna sit on the sidelines on this one.
Money For the Rest of Us
Are We Being Forced to Buy Stocks
"Last week in the insiders guide email newsletter I pointed out the expensive valuation of US stocks. Specifically I showed that the forward price to earnings ratio the P. E. based on earnings estimates over the next year was twenty, two point nine. That's three standard deviations above its average of sixteen times going back to two thousand, three at data from Ned Davis. Research. In reply to that email, Andrew wrote regarding stocks being expensive on a forward e true but there's no alternative. What do you do with bond yields near Zero and the vanguard total stock market? Index. Fund. Yielding two percent. By VPI, the vanguard total stock market ETF. JASA forwarded to me a paper by Bridgewater says, which I'll discuss in more detail later in this episode. I had a similar question from a plus member in the money for the rest of US plus member forums. He wrote. So the Fed signals that it wants to keep rates low for three more years. Canada's pension. Fund is reevaluating bond-holdings and you've got an army of small and large investors bidding up companies like Tesla and snowflake to absurdly hype. All this combined to make me think are we as individual investors now forced to buy equities? Is this the mother of all bubbles in which there's literally no other things suitable for purchase. There is a lot of speculation in stocks right now. Jim. Bianco Bianca Research pointed out that small traders are dominating the options market. Bear most of the trades right now and seventy five percent of that volume is an option contracts expire in two weeks. So short term bets. Look at South Korea and article from Bloomberg pointed out that day traders in South Korea have accounted for eighty seven and a half percent of the total value of stocks traded in the first part of September. You. Some men chief strategist at Samsung Securities said retail investors appear to be seeking short-term profits after hearing their next door neighbors earned lots of money from stocks after the March selloff. Receiving a similar situation in India. The Financial Times reports that the number of individual investor accounts rose twenty percent from the start of the year, the twenty, four million, and they point out that around the world, an influx of investors are investing in stocks for the first time. Are. We in a bubble? Is it a speculative frenzy? Are we forced to buy these stocks because there are no alternatives with also? One of the things I like to do investing is think about what's different this time what's unusual? What what doesn't fit the pattern? I had two instances of investing this past week where something didn't fit the pattern Lebron, I were driving up in the mountains of Montana and a small bear cub really bolted right in front of us no idea what it was running from. My son suggested he was running from the year twenty twenty. And then few days later at our front door, there were seven cows drinking water from the driveway eating our bushes. There are no cows around us. We live in an area that nobody keeps cows but there they were right in front of my house. Turns out. They had strayed from the National Forest, which is not very far some outfitters have grazing rights and drop off the cows and leave them there all summer pick them up come late October, and they had straight down because some of that newly cut barley fields, but it didn't fit the pattern. Cows at your front door. Don't fit the pattern. What's different now on investing front that could justify more expensive valuations for stocks. Well, for the first time, ever US interest rates are near zero from short term out to ten years. This is known as a flat yield curve, which is an unusual. We've had flat yield curves in the past. But it's flat near zero. There was a flat yield curve where ten treasury bonds and cash for yielding similar back from two thousand and five to two thousand seven. But yielding four percent. And from two thousand to two, thousand, two cash and tenure treasures were yielding five to six percent. Today, the ten year Treasury yield is zero point, six percent and cash is zero. The Federal Reserve intense to keep it that way. The recent policy statement suggests that they will keep their policy rate. What's known as the Fed funds rate near zero until labor market conditions have improved. The. Unemployment rate has dropped close to to to maximum employment and that inflation has risen to two percent is on track to moderately exceed two percent. They included their economic and rate projections and all, but four officials on the committee. Expect the Fed funds rate is still be near zero at the end of twenty, twenty three. Rates are low across the board. It is a different investment environment than we have ever faced before. And that's what this paper by bridgewater associates was about. It was titled Grappling With the New Reality of zero bond yields virtually everywhere. It was written by Bob Prince Greg Jensen Melissa fear, and Jim Haskell. I. Discussed Bridgewater Associates Founder Ray dallies views back in episode three, hundred changing world order in this paper bills off that. Before we continue let me pause and share some words from one of this week sponsors masterworks. I've shared on the show how low interest rates are on bonds and yields and cash about zero money has to be invested somewhere in preserving your wealth is as hard as it's ever been. That's where masterworks comes in. If you're looking to diversify out of the traditional public markets, then take a look at masterworks. They make blue chip art investing possible works by artists like Banksie, 'cause and Warhol. Art is a one point seven trillion dollar asset class that has performed better than s five hundred by one hundred and eighty percent between two thousand and two thousand eighteen according to Citibank.
Environment: NPR
Impact Of Climate Policy On 2020 Presidential Election
"On the most recent Pew Research Survey of top issues for voters this year climate change despite even make the top ten. But not for Varsity precaut-, she's executive director of the Environmental Justice Groups Sunrise Movement. She helped editor book called winning the Green New Deal and her organization gave, Joe. Biden's initial climate platform, an f rating but as Biden became the likely democratic. Nominee for president precaut-. Joined his climate change task force to make sure aggressive climate policy had a place on the ballot this year when we spoke earlier today, I asked her about how you seen his climate policy shift while she's been helping shape it. We have seen his client plan improve considerably over the last three months now, championing policies to decarbonised our power. Sector by twenty, thirty, five, we've seen him increase the level of investment from a one point, seven trillion dollar green jobs and infrastructure plan to a two trillion dollar plan over the next four years on the whole our core goal was to go in and increase Joe Biden's ambition and the Taiwan upon which these benchmarks are happening to decarbonised economy and ensure that. Environmental Justice and climate justice except core and at the heart of his agenda climate seems to have fallen out of the headlines Lately. That's even with record breaking heat fires hurricanes. Instead, the news is dominated by pandemic and economic collapse racial justice. What's your level of concern that climate change may not be getting sufficient political attention and and how do you get that attention? I think the key here is to understand the climate crisis is essentially connected to every single one of crises that are emerging whether it is the uprisings against white supremacy or whether it is the tens of millions of jobs that are been lost in this economic downturn in large part I believe the climate crisis is even thinking because we have racial and economic inequality in this country for example, I believe that after hurricane. Katrina. We would've had a green new deal past fifteen years ago and yet here we are. Fifteen years later, we've got a double header storm and communities engulfs out. That are still suffering We would have had green new deal following hurricane. Maria when thousands more were ricans perished but because we do not value black lives and brown lives, indigenous lives, poor lives as much as others, we have not taken the drastic unnecessary measures to prevent suffering. Do you think climate plays out in local political races as well or do voters think of it mostly as something that has to be addressed on a national issue? Now, I think it absolutely plays out at the local level. The climate crisis take so many different forms in different communities in Iowa overseeing the role that corporate agriculture and factory farming plays as being really detrimental to communities for Detroit. The level of fuel infrastructure contributing to asthma and disease for the majority black community. Earlier, we have seen the election of drama. Or Eliot Angle in New York which Jamal Boom and actively ran and champions agree new deal when his opponent refused to do. So the climate crisis is affecting people at the local and state level not chest. Politics. So, have you thought ahead to if president trump is reelected? What will you approach be to try to advance your climate goals with a presidential administration that may be less receptive Joe Biden would have been. We're still figuring that out. What I'll say is everything that has happened with the green new deal at the federal level and many of the substantive state legislative battles that have been one have been under the shadow of the trump administration, and so I do believe that there is absolutely still space to fight and contests and win, but it will be far far easier. If we have item presidency, Vaujany precaut- is Executive Director of the Sunrise Movement and her new book is called winning the green new deal partially, thanks for coming on the program. Thank you so much
The Economist: The Intelligence
Buy now, save later: financing vaccine candidates
"Up dumb. Right. Now, more than one hundred, seventy vaccines for covid nineteen or being developed across the world. Of, those six are in final large scale clinical trials. While the races on policy policymakers are. With two questions how much to spend on vaccines that may or may not win and how to ensure the winner or winners are distributed fairly, you cannot be no world where some people are saved another. Anglesey conjure a whaler is the chair of the Global Alliance for vaccines and aviation or Gabby. It's an alliance that funds vaccines for poor countries the steps that need to be taken to ensure vaccines that distributed fairly Require. Collaboration and solidarity of the world governing has set up what's called Kovacs purchasing pool for several late stage vaccine candidates is that facility it has ninety two developing countries in it low and middle income countries, and it also has seventy seven rich countries that have expressed interest by bringing them all together we will have an affordable price of vaccines for all. We have risk sharing in the facility for all, and this will ensure that so many more people in the world who would not have had access will have access so to. Be Equitable I need to be fair but equitable fair division is just one problem I for needs to be enough given vaccine to divide up governments around the world have invested so far at least ten billion dollars on Covid nineteen vaccines they have made forward purchases of about four billion doses so far more companies have essentially already started making some vaccines even before they have been proven to work Slovakia chunk of his or healthcare correspondent the contracts governments have cut with Pharma companies are for about four billion dollars of various vaccines. Now that may look like a lot when my think it's enough to cover most of the world, but it's actually nowhere near enough. Why not to begin with of these vaccines may turn out to be ineffective when the clinical trials are all done. A typical vaccine at this stage has about the twenty percent chance of payer, and some of these vaccines also use novell technologies that haven't been used in any other approved vaccine before. So the risk of failure could be even higher. The biggest issue is that manufacturing capacity globally is limited and there would be shortages, the files and the ingredients that are used in vaccines once manufacturing begins on a large. So I'm experts think that the feasible amount of covid nineteen vaccine the will have by the end of next year is just about two billion dollars. In some vaccines actually are likely to require of course of dolls to work. So we're talking about nowhere near enough to cover even a minority, the world's population. So how much would be enough? How many those should countries be buying up at this stage? Just think that given the current mix of Seo game to the there is a ninety percent chance that there will be. Actually works. Now. One of I've seen is proven to be effective billions of dollars will, of course, need to be distributed very quickly, but it's impossible to know in advance which candidate will succeed. And setting up manufacturing lines takes time a new vaccine factory can take anywhere to three years to get up and running. So government should actually help pharmaceutical companies to produce vast quantities, a range of different vaccines, and ideally economists think Thaksin's numbering in the tens of billions of dollars long before regulatory provides transit but if everybody makes all of the at the same time, there will be. Some some losers right a lot will come to be wasted that way. Yes. Of course absolutely, and that's actually the hard part for politicians because this idea of deliberately overproducing something does not sit easily with politicians or voters indeed bud you have to think about the economic costs even boosting vaccine funding ten times to about the hundred billion or more, which is what many economists are advocating for. Pales in comparison with the seven trillion dollars which governments across the world have spent or pledge to preserve income and jobs that are being lost as a result of the pandemic. So in other words, if we just think of economic output alone a took make sense for the world to spend as much as two hundred, billion on bringing forward ineffective Covid nineteen vaccine. Just fun week to the way things are headed. It seems inevitable that there will be a shortage of supplies. How will they be distributed? Once a good candidate is found i. mean we we saw when the pandemic began this rush for personal protective equipment was not a pretty scene. Right experience was quite telling by the end of April. There were probably around eighty countries that had banned or restricted exports. Youth defend America especially things like medical masks, thermometers, disinfect thens. And even if we look at pandemics the during the swine flu pandemic and you thousand nine rich countries, basically corner the global supplies of the vaccine and they offer some of it to developing countries only after they had more than asked to cover their own citizens and by then if endemic was over. So, what we really seeing now as many commentators are calling vaccine nationalism rich countries are reserving most of the potential global supply of covid nineteen vaccines. And additions countries where these vaccines can be made have the manufacturing capacities are very likely to put their own people first. So what's being done to try to mitigate that global scramble. There are several mechanisms that have been put together for countries to join forces and agree to a more equitable distribution also may end. Make much faster. So the World Health Organization has grown up guidelines of how that might look quite and according to these guidelines. The first supplies of covid nineteen vaccines should call to healthcare workers and social. Care Workers First. Then, the next batch should go to the fifteen or twenty percent of people in each country who are most vulnerable, most likely to from covid nineteen if they're infected. And then laces that are at the highest risk of outbreaks will we prioritized now whether these guidelines will be followed is a different story. It's unclear how many countries will sign up may have expressed interest, but nothing has been signed so far. So all told, what's your prognosis at this stage? Do you think the world will produce enough quantities of candidate vaccines and that they will be distributed in a way? That's even a little bit fair. Just likely that there won't be not vaccine to go around in the first year. Whether it will be distributed equitably depends on where the winning vaccine is made. If the vaccine is part of the portfolio, which is controlled by the global coalition backed up by the World Health Organization than we will see supply being distributed marsh equitably on the other hand if the vaccine turns out to be made in a country that doesn't want to share, it supplies before covering its own citizens. And it's a big country. We won't expect most of the world be covered equitably for a time. Now the solution perhaps is just to spend. More money on the current candidate vaccines, the Waza rating late stage clinical trials. Set of manufacturing, start making them in large quantities that will ensure that there is more to go around with trevor. Vaccine turns out successful. Thanks very much for joining us. Thank you. Jason.
AP News Radio
US government sees record monthly deficit of $737.9 billion
"Hi Mike Rossi a reporting the U. S. government is running a record budget deficit the massive spending on corona virus pandemic relief and the decline in revenues pushed the federal government to its largest single month deficit ever in April the treasury department says the federal government shortfall last month was seven hundred thirty seven point nine billion dollars that exceeded the previous single month record set in February by over five hundred billion dollars the April shortfall was even more stark because the treasury normally record surpluses in April the Congressional Budget Office estimates the deficit for the entire year will be an all time high three point seven trillion dollars Mike Rossio Washington
AP News Radio
Coronavirus relief pushing US deficits to staggering heights
"The corona virus pandemic will end but experts say will the lasting legacies will be the staggering deficits for the United States the Congressional Budget Office is projecting that deficits will grow to three point seven trillion dollars this year largely fueled by the four corona virus relief packages with six months left in the current fiscal year the bills will pile more than two trillion dollars on to the twenty four point six trillion dollar national debt the report predicts a devastating hit to the economy this quarter at an annualized rate of decline of forty percent for the entire year the economy is predicted to shrink by five point six percent the director of the Congressional Budget Office warns that there's enormous uncertainty in the projections but since it's plain the economic shock is unlike anything seen since the Great Depression Jackie Quinn Washington
AP News Radio
Coronavirus relief pushing US deficits to staggering heights
"The Congressional Budget Office is projecting that deficits will grow to three point seven trillion dollars this year largely fueled by the four corona virus relief packages with six months left in the current fiscal year the bills will pile more than two trillion dollars on to the twenty four point six trillion dollar national debt the report predicts a devastating hit to the economy this quarter at an annualized rate of decline to forty percent for the entire year the economy is predicted to shrink by five point six percent the director of the Congressional Budget Office warns that there's enormous uncertainty in the projections but since it's plain the economic shock is unlike anything seen since the Great Depression Jackie Quinn Washington