20 Burst results for "Twenty Three Trillion Dollars"

"twenty three trillion dollars" Discussed on The Bad Crypto Podcast

The Bad Crypto Podcast

05:45 min | 1 year ago

"twenty three trillion dollars" Discussed on The Bad Crypto Podcast

"Long joe calm and law and then somehow or twenty three trillion dollars in debt. What's the him tell me about. The scam is again trump. Yeah it's a scam. It's a sham. Big flimflam I and many others are not happy with former president for saying i haven't been this. Piston him since he let them get away with stealing that election. I was more piston. But i'm over. I'm good let let this Fake regime work. Its way out yes. We're leaving that show is. That's what happens. You just offended me. Joel ray your your conspiracy theories. So i'm gonna take this. You don't want me to take off this hat and can beat your ass. I know where you live. I will up your place by you. Call me young lady. Be young lady you man but i tell you a little bit. Don't assume my gender so let's go back to on for a moment. Because video came out from anonymous this week you know the the anonymous organization the dudes wearing the guy fawkes mask in the voices change and basically maybe producer. Eric may be. You cannot change my voice your because this is what the video said.

Eric Joel trump twenty three trillion dollars this week
"twenty three trillion dollars" Discussed on KTLK 1130 AM

KTLK 1130 AM

11:14 min | 2 years ago

"twenty three trillion dollars" Discussed on KTLK 1130 AM

"And gentlemen please welcome today's guest does Matthew we have a very special guest today the host of the Rush Limbaugh show Mr Rush Limbaugh thank you very much I found a way past the cold robo figures on and the architect of this whole enterprise would know how to do that and I cannot tell you how great it is to be back here even if it is just for a half hour show here on the on the phone today hi I'm I've been I've I'm so sorry that I've missed this weekend and some days last week none of this was intended of course and I just I want to share with you some of the details why I miss even though I've vowed not to become a cancer patient at some point I'm going to have to devote some of the stuff we do these absences are longer than than expected and of course watching what's happening in our country is unbelievable and from the perspective of not commenting on it every day and I'm traveling a lot my treatment requires travel to different places and no matter where we've been this country shut down if it's just incredible and I can't fault it has been scary to me it has been frightening to me to see how easy it has been to do this in a matter of of what we we have destroyed all of the wealth created in the stock market the last three years AP at the end it's uncanny here in the bigger question that I have which will address in much greater detail next week is what kind of country are we going to have when this is over because it isn't going to be the same country Hey why even have a budget we don't have two trillion dollars to be giving away the people I'm not objecting to doing and don't misunderstand we don't have the money we were a national debt of twenty two twenty three trillion dollars we don't have this money we're printing this money your member everybody was to be tied with Obama had a seven hundred eighty seven billion dollars stimulus that wasn't even a one trillion dollars that led to the creation of the tea party people feared the meaning of the future all that spending what it would mean for their kids and their grandkids now what and and of course nobody's objecting to it because on the on the the foundational five this we've got this virus that is white thousand airplanes crashing every day in terms of psychological effect it's having on people in it's really it's it's it's it's a fascinating case study to me and it's it's it's worrisome and it troublesome and then the other side of it is all of this I've never had any doubt we're going to come out of it I've never had any doubt we're going to come out of it stronger and we're going to come out of it healthy and I think it's imperative that we have somebody like Donald Trump who is out side the the establishment export class who has a history of solving problems to actually leave the country through this yeah we talked about the deep state all these years since trump was elected the trump Russia collusion the update with deep state extends very deeply and the American people did not elect a bunch of health experts that we don't know we didn't elect the president to deferred to a bunch of health experts but we don't know how do we know they're even health experts all they were white lab coats and they've been in the job for a while and the CDC and they're the N. I. H. America well yeah they've been there and they are here but as with any job assessment for them they just assumed to be the best because their government but that these are all kinds of things that I have I have been I've been questioning and I've been watching people routinely accept whatever the authorities say where are you live the local town governments which is driving around town trying to spot people violating the social distancing ordinances so when they see it they publish it in the on the on the website isn't very troublesome we at the town very troubled by groups of people congregating violating the social distancing well what do you think people are going to do people are not just going to sit around here and stop living anyway most of this is for next week I'm just kind of setting the table once I get going the time starts flying here and I'm gonna be out of it before I know it and I wanted to update you on on my health the first thing to tell you is I'm fine sitting here that my Fishel home library desk and I am fine now here's where my problems began the cancer I have the long cancer I have involves the mutation of a gene that occurs in one to five percent of lung cancer patients ordinarily that would be very bad news I think it would be something that maybe there is no medicine for or that there's no targeted treatment for turns out exact opposite it turned out it was good news because there is a clinical trial a combination of chemo drugs that has been very successful in attacking this particular gene mutations in melanoma cancers sort of clinical trial that I'm and I went into it with full knowledge it was a trial stage to trial I love that every option every cancer patients ever had presented to me numerous doctors numbers places I chose what what happened here the stage to trial I mean I'm involved targeting with two different drugs the mutation that has caused my stage for lung cancer by the way my voice is weak only because I haven't used it much there's nothing wrong with their and everything was going along fine the first four weeks we were all feeling great because they warned us that side effects of those drugs could be pretty bad normal things like noise you vomiting fatigue none of that happened to me so the first four weeks went by would kick in but again this is a great and we have some indications that it's working as well well late last week I began to find it very difficult to walk my muscles in both legs from the waist down began to retain fluid and swell up incredibly to the point that ten days ago Monday of last week when we were away for treatment I could barely walk in the in the hotel room and needed a wheelchair to get where I was going it kept taking the chemo drugs thinking that it would be something that could get past I didn't get tested and developed fevers of a hundred and two two hundred and three which were also part of the list it could happen the point is after about five weeks on this stuff it all just hit me and all of last week I was unable to get out of them but merely because I couldn't walk for the the degree of Hey look and what what in my ball jointed legs and I'll give you an idea of the pain they asked me to describe it I said imagine you have instead been cherry for a year and then one day you go to the gym or you go practice football for you do it to our strenuous workout know how you feel the next day your muscles with build up of lactic acid you can barely move that's what it's like times five for me Mr writing it down making notes but I was not given anything for it we just kept going with the with the treatment hoping that it would be something my system would metabolize and moved moved beyond but it didn't so it's got a **** you got bad enough on losing track of days here I guess it got bad enough laughs Monday or whatever that we have to pull the treatment I had to pull the treatment and and it was going to be just temporary for a week or two to see what would happen I'm not taking drugs to reverse the effects that rides to reverse the effects of the of the chemo drug here's the irony of the chemo drugs are working they were thank god I'm not gonna go to detail about how we know because I don't want to provide too much target area for leaving those searching on the internet what I'm dealing with but trust me it was working and if it is working so well doctors want me to continue doing this and put up with leg pain I can't do this but I told him I can't I can't do this I can't work I can't think I can't live if there's just no way then in the email question a cancer patient's hand you have to balance quality life verses one well there are other alternatives that we're looking into I've I've I've currently suspended the treatment and we're looking at the alternatives and there are plenty of those but I've got to get I've got to get the swelling down and get this pain taken care of otherwise I won't be able to do anything but talk to you for this that's gonna fall I thought that the status of that the feeling much better physically having gotten off the chemo drugs I think we dropped in Monday or.

Matthew Mr Rush Limbaugh
"twenty three trillion dollars" Discussed on WDRC

WDRC

09:02 min | 2 years ago

"twenty three trillion dollars" Discussed on WDRC

"M. W. a look honestly provocative talk on the lowers Larson show welcome back to Lars Larsen show it's a pleasure to be with you you know when I started working I went back and checked the other day because I get these reports once you're from the government that say here's where you stand on social security is kind of stunning to see what your first paycheck was I made a Buck fourteen an hour because that was the state minimum wage at the time now that was after a history of lawn mowing and painting eaves and shoveling snow I mean I did a lot of fun things and actually I've I loved it because it was a great experience with you know a real you want to hit grassroots capitalism is walking up to somebody's door and saying when it snows this week I'll come in trouble your walk for and you can you set the price and I actually did very well and they say well that's fine that works for seven or eight year olds it doesn't necessarily work in the real world it does work in the real world but I want to talk about this when I got my first paycheck which would have been about nineteen seventy four I was no seventy three I was fourteen years old I noticed that they took out social security the so called fight cut tax is taken out of course at the time the promise was you can retire when you're sixty five I don't plan to retire telling about eighty five or ninety depending on how things go I'd like to match Paul Harvey but if there's another contributed Paul's no longer with us but cal Thomas is with us who can help us sort this thing out that promise that lock box that Al Gore used to like to talk about cal it's it's it's not there because they actually move the goal posts on me I now have to wait until I'm almost sixty seven to retire as I said I don't plan to but the fact is it's a lie it's a Ponzi scheme and we and as you identified this is the primary entitlements so called are the primary driver of our national obligation on national debt because two thirds of the federal budget is made up of those entitlements so how do we get to an answer when as you point out if Republicans suggested they'll be demagogue and and of course the Democrats aren't going to suggest it because they love entitlements the keep people are beholden to the government and in their case hopefully voting for Democrats how do we get to how do we get to a solution that doesn't take our you know so the countries and taken under or sunk by this kind of debt are you pretty well summed up everything the whole why one solution for that problem it's easy to describe the problem now we need a solution gal well the well it means testing obviously I mean not everybody needs social security there ought to be there ought to be more benefits for taking care of yourself there are there ought to be freedom to invest your retirement funds into the stock market the left of course as always at all no it fluctuates too much well you know the for the last what forty fifty years the average increase in the stock market has been ten percent which is sure better than a passbook savings account and better than that so called lock box it doesn't exist I'm just amazed at how many people I still get emails from people when I mention social security wait a minute this is my money I paid it I'm entitled to it and I read a backseat ma'am Sir this is not your money you're paying a tax and that tax money is going to people who are already retired and you were relying on the next generation to be around to pay for your retirement there's no there's no box in the treasury department with your name on it but the the left is sold this to people over the years look when social security was created under Franklin Roosevelt there was never any intention that it would be paying for all the things that pays for now when Medicare came along Hubert Humphrey then the vice president I'd states said the cost of Medicare will never go above a certain amount in the first year it exceeded that amount government does not do things well we need to encourage more people to save and invest in my financial guy says that that the American people now are less prepared for retirement have less money in their retirement funds that any time in the history of this country that means more people are relying on government government can't afford could to continue to do this again were twenty three trillion dollars in debt knee deep in the big muddy the big fool says to push on to invoke an anti war song from the nineteen so his latest book is America's expiration date the fall of empire super powers in the United States so let me ask you this how do we get to this and is there a moral problem with telling people in a fact because I agree with you one of the clearest ways to get to is not raising taxes or un capping social security taxes the way to an even Bernie Sanders talks about that now on the campaign trail but if you say to people in a fact cal and I ask about the morals of this the morality of this to say to people if you are the best prepared out there you've bought and paid for a house you put money aside for yourself why you don't need so you get nothing from so security meanwhile if you spend every paycheck by the time the next one arrives or maybe to get yet actually evaporates from your bank account before the next paycheck arrives and you put nothing aside we're going to give you a big check does not sound immoral to reward a slot and and and punish is punished hard work well here's what I say on mom the lecture circuit when I give a speech so when I was growing up it was inspiration followed by motivation followed by perspiration that was going to make any a life better we re we flip that now instead of inspiration motivation perspiration we had Andy greeted entitlement if you listen to some of the rhetoric not only for Bernie Sanders with Elizabeth Warren and some of these other Democrats running for president the ending the rich they want to penalize the rich as a young reporter I interviewed a lot of rich people I didn't envy them much so where did you go to school what did you study what your philosophy of life I want to be like you some day but now the attitude is if you make two dollars and I make one dollar you owe me fifty cents to make it fair spreading the wealth around we heard Barack Obama say when he ran for president the first time that socialism yeah there's not just one pot of money from which we all must draw the ability to build wealth is endless but we don't teach that economics we don't teach that in schools anymore we teach and be greeted entitlement we we used to penalize the things we wanted less so than subsidize and encourage the things we wanted more out now we reverse that as well we penalize and discourage the things we say we want more of and and subsidize and penalize the things we say we want less of and are shocked to find what you were getting more of what we want less seven more of what we want and and less of what we want more of almost blew that every everything's been flipped everything all those values my parents my World War two generation parents inculcated in me has now been reversed or at least the left is trying to reverse it and it isn't going to work you know what Margaret Thatcher said oh yeah problem is socialism you run out of other people's money it's a great line the Gretsch you know I tried to find her on tape saying that because I I use it frequently but but it's only a quote and I I wish I wish we had lady Thatcher on tape but it's too late for that now well yes always go back to Reagan's great line the only proof of eternal life in Washington is a government program let let me ask you this cal disposer any reporters out there with guts enough you were reporter for a long time to ask Bernie Sanders if he feels like socializing his Iowa caucus results or is New Hampshire results which I think are going to be pretty good tomorrow night say how about sharing some of that vote wealth around with your fellow candidates like gang who got almost nothing or or maybe little Mike who didn't appear to get much anything for his two hundred million dollars well as a friend of mine says if the left didn't have double standards that have no sense at all the I I I don't think Bernie would go for that but I did the you know free stuff is good listen to what what these ads on television there is a Medicare supplement add that runs a lot with Joe Namath he all this stuff is free you're going to get free rides to your appointment you're going to get free this and that here's a even a phone call is free free free free that's what people are taught now they're not talk personnel personal responsibility and accountability their their talk freestyles they're talking entitlement there at their envious of the successful this is drummed into them in the government schools and certainly if universities in this country it amazes me that parents with good values and and state send their kids off to what I call these re education camps and then they come back like night of the Living Dead they don't even recognize that they don't believe what the what they believe when they will left for school what do you do that we don't send American troops over to the enemy camp to be trained why do we send our kids into the intellectual and moral enemy camp to be retrained it's the most amazing thing I've spent a lot of money on private education but the results have been a whole lot better than if I let him score the stay in public schools I have the pleasure of having cal Thomas with me as late as book ten of them now America's expiration.

Larson Lars Larsen M. W.
Tips to Prepare for a Crashing Market

Power Trading Radio

08:38 min | 2 years ago

Tips to Prepare for a Crashing Market

"The market's up the markets down what is going on in the market as we start this new deck well let's think about it thanks for having me on the show at the thing about it is is that everybody you see in the market go up and up and up and pretty much every day and here we are again after another I'm began but but people realize this that the party is going to be over at some point in time and my opinion else for what it's worth everybody has different I think one of the next crash is gonna be brutal and here's why I think that we've had a lead been years pretty much of gains in the market right Paula Chile is getting weird were having larger ships up and down a lot so just means rapid on critical of and we got all that that that trade stops gone I think we just saw something which China but there's always going to be that we got to death bobbled what we borrow more money than ever before crazy global economy as kind of slowing down the dollars week and I think there is a tremendous risk to the average Americans retirement accounts and savings and why do I say that if you have kids yeah now you ma'am when your kids get their first credit card has a thousand dollar limit and I go out and buy pizza and go drink and and they run their credit card up and then they got another credit card alternate pay off their first credit card with the second credit card god my my kids aren't that old yet but now you were raised some warning signs for me right we have twenty three trillion dollars national debt I mean I don't even know what that number looks like on paper one four four trillion dollars budget this year okay we got corporate barring I mean it's just that the market is getting weird and they did a survey all the big corporate financial officers yes bank and what percent do you think that the we're gonna have a huge economic slowdown or recession in twenty twenty one percent twenty I would say you have a high number may be fifty five K. K. ninety seven but there may yeah the last couple weeks okay and I read this quote okay ninety seven percent of CFO's query believe either economic slowdown a recessional occur before the end of twenty twenty eighty eight percent so my point is if you're listening if I'm feeling but I am because chances are you're not prepared and don't tell me have three pointers house bars your we time to catch it all about money yeah right right right okay so it's so you're ill prepared how do you if the market's going to go down it if all these indicators are there how do you survive that how do you even make money when something like that is happening in so many people are going to suffer they're gonna lose money yeah they're gonna listen to face problems first of all you have to know how do you hold on to what you got right now how do you stop that yeah all this doom and gloom comes true and it's not easy and we have a process to help people do that and then how do we make it grow because you just you just can't stop investing see the problem is we never talked about this Pat our company in this online trading academy was really misleading because it should be called the online trading and investing a cat because not everybody wants to be a traitor now right I understand that hello education is the only way you can you know you can't go to you tube go on those get rich quick videos you can ask your friend there yeah your financial advisors gonna check it what you will do Pat you need to cut back and cut out your lock days every day what about you yeah I stopped by my wife that this you could buy it that's what you look like a male the Marcos you need yeah now your date itself most people don't know about this well there's a there's a there's a a new documentary about her so all all I rely on that looking want to ask you the most basic question and please don't laugh at me what is it what's the difference between investing and trading okay good question trading is an activity designed to produce short term income as you think it but we have to put two buckets of money in our life we have our cash flow back at which is our salary and we have our our well market which is our retirement account and what we want to do when we're working our money from our cash flow Bakit beads and our west back and then when we retire the money in our wealth bucket but surround and that takes care of our cash needs okay the manager right so that's what you have learned how to manage that all right but I I just I don't know the difference between trading and investing secrets are traded because you're such an and great interviewer I just lost my train of thought out so anyway so trading as an activity designed to generate short term income the trading means you there's day trading which everybody thinks is crazy but it's not where you're in and out of the market the same day some people like that some people down and then there is swing trading which is where people are in the market for a week or two which is less stressful and then there's there's there's position trading where you're holding things for your retirement so position trading is actually investing where we're just now getting strategies were analyzing are now we're making little adjustments and quick so that we can maximize our games and minimize the risk involved okay that's that's your two cent definition all right and and you know what it's worth more than two cents because now I kind I understand the difference between it so this is very very good all right I'm another basic question things are crazy right now on the news lance there are raising their absolutely insane how much should investors and traders pay attention to what's going on in the news and how should they react to all that well it all day you never can understand all that because we got all the we got the internet we got podcast and all this stuff and so it's really kind of hard to say you just have to know that is what is not what you know the kills is what you don't know so the way to do it is to get the best education you can make sure you understand what's going on the market and that's what we do twenty two going on twenty three years online trading academy which should be online trading investment generally we know what we're doing and we don't promise you it's easy with I'll promise you you're going to get rich we don't study a you have to give up your lot days you know that when I do that right and and you do have a core strategy which is patented and that's exactly what we're talking about here so we have a pact that strategy that doesn't guarantee you're going to get rich but that's that's a that's an organized approach to being a successful trader and or investor you know what I love about this is that if he truly is and investment education it truly is a telling you about your own money what's happening with your money how you can use your money and how you may be able to use your money more wisely than it's being used right now because so many of us simply have it in one of these for a one case we put it in there because it just comes out of our paychecks and that's it we never pay any attention to it it's like every other thing this taken out of your paycheck it's just you know a day a deduction and we don't even look at it as something that could be helping us to establish our retirement yeah I think about every week money comes out of your paycheck so you're you're buying you don't know at what level you buy you don't know buying it the most expensive price is the last couple weeks so the least expensive you don't know what you're buying from some person sitting at a cable going New York City trading your money and you've ever met them or or how to do it you don't know what you're paying for whatever it is they're buying that you don't even know anything about you know when you put it in these terms lance it's crazy it's absolutely crazy okay so we all need investment education and this happened online trading academy where the classes take place I understand you are for the first one free yes we have an introductory class it's two hours I teach it it's lots of fun and I try to make it not boring we don't try to sell you a condo and now you're anything we're just what you want one that we can have those about now what we're trying to do is say here's what we do it you know you're going to outlive your money the next generation is gonna live twenty more years after they retire on the issue of mutual funds or eighty five percent of mutual funds don't beat the overall market your financial adviser is is it you know and the less you have like five ten million dollars you're just the number they don't care about you say you you got to do something and if you have to write a grant of water grand you don't have enough money you're gonna be part sorry so in order to sign up for one of those classes I understand you call eight seven seven three three eight trade that's eight seven seven three three eight T. R. A. D. E. eight seven seven three three eight eight seven two three or you can go online to sign up for the free class and that is free T. a class

"twenty three trillion dollars" Discussed on 860AM The Answer

860AM The Answer

08:25 min | 2 years ago

"twenty three trillion dollars" Discussed on 860AM The Answer

"About it thanks for having me on the show at the thing about it is is that everybody you see in the market go up and up and up at pretty much every day and here we are again after another again but but people realize this that the party is going to be over at some point in time and my opinion else for what it's worth everybody has different I think one of the next crash he's gonna be brutal and here's why I think that we've had a lead been years pretty much of games in the market hi Paula Jody is getting weird were having larger ships up and down about so just means rapid on critical of them we got all that that that trade stocks gone I think we just saw something which China but there's always going to be that we got to death bobbled while we borrow more money than ever before crazy global economy as kind of slowing down the dollars week and I think there is a tremendous risks to the average Americans retirement accounts and savings and why do I say that hi if you have kids yeah now you ma'am when your kids get their first credit card has a thousand dollar limit they go out and buy pizza and go drink and and they run their credit card up and then they got another credit card or in a pay off their first credit card where the second credit card god my my kids aren't that old yet but now you were raised some warning signs for me all right we have twenty three trillion dollars national debt I mean I don't even know what that number looks like on paper one four four trillion dollars budget this year okay we got corporate barring I mean it's just that the market is getting weird and they did a survey of all the big corporate financial officers yes bank and what percent do you think that the we're gonna have a huge economic slowdown or recession in twenty twenty one percent twenty I would say you have a high number may be fifty five okay right ninety seven by the survey yeah the last couple weeks okay and I read this quote okay ninety seven percent of CFO's query believe either economic slowdown a recessional occur before the end of twenty twenty eighty eight percent so my point is if you're listening if I'm a lot more appealing but my aunt because chances are you're not prepared and don't tell me have trees on his house and are your we time to catch it on Monday yeah right right right okay so it's so you're ill prepared how do how do you if the market's going to go down it if all these indicators are there how do you survive that how do you even make money when something like that is happening in so many people are going to suffer they're gonna lose money I either get a listing of the two space problem first of all you have to know how do you hold on to what you got right now how do you stop that yeah all this doom and gloom comes true and it's not easy and we have a process to help people do that and then how do we make it grow because you just you just can't stop investing see the problem is we never talked about this at our company name is on my trading academy was really misleading because it should be called the online trading and investing account because not everybody wants to be a traitor now right I understand that so education is the only way you can you know you can't go to you tube go on those get rich quick videos you can ask your friend there yeah your financial advisors gonna check it what you will do Pat you need to cut back and cut out your lock days every day what about shoes yeah I stopped by my life that this you could buy it that's what you look like a male the Marcos you need yeah now your date is up but people don't know about this well there's a there's a there's a a new documentary about her so all all I rely on that looking want to ask you the most basic question and please don't laugh at me what is it what's the difference between investing and trading okay good question trading is an activity designed to produce short term income as you think that that we have to put two buckets of money in our life we have our cash flow back at which is our salary and we have our our wealth pocket which is our retirement account and what we want to do when we're working our money from our cash flow Bakit beads and our west back and then when we retire the money in our wealth bucket but surround and that takes care of our cash needs okay I'm not a job right so that's what you can learn how to manage deal with that all right but I I just I don't know the difference between trading and investing some guys are crazy get that you're such an and great interviewer I just lost my train of thought out so anyway so trading as an activity designed to generate short term income the trading means you there's day trading which everybody thinks is crazy but it's not where you're in and out of the market the same day some people like that some people down and then there is swing trading which is where people are in the market for a week or two which is less stressful and then there's there's there's position trading where you're holding things for your retirement so position trading is actually investing where we're just now getting strategies were analyzing are now we're making little adjustments in two weeks so that we can maximize our gains and minimize the risk involved okay last batch your consent definition all right and you know what it's worth more than two cents because now I kind I understand the difference between it so this is very very good all right I'm another basic question things are crazy right now on the news lance there are crazy they're absolutely insane how much should investors and traders pay attention to what's going on in the news and how should they react to all that well it all day you never can understand all that because we got all the we got the internet we got podcast and all that stuff and so it's really kind of hard state you just have to know that is what is not what you know the kills is what you don't know so the way to do it is get the best education you can make sure you understand what's going on the market and that's what we do twenty two going on twenty three years online trading academy which should be online trading investment generally we know what we're doing and we don't promise you it's easy that all probably she is going to get rich we don't study a you have to give up your lot days you know that when I do that right and and you do have a core strategy which is patented and that's exactly what we're talking about here so we have a package tragedy that doesn't guarantee you're going to get rich but it's that's a that's an organized approach to being a successful trader and or investor you know what I love about this is that if you truly is and investment education it truly is a telling you about your own money what's happening with your money how you can use your money and how you may be able to use your money more wisely than it's being used right now because so many of us simply have it in one of these for a one case we put it in there because it just comes out of our paychecks and that's it we never pay any attention to it it's like every other thing this taken out of your paycheck it's just you know a day a deduction and we don't even look at it as something that could be helping us to establish our retirement yeah I think about every week money comes out of your paycheck so you're you're buying you don't know at what level you buy you don't know buying it the most expensive price is the last couple weeks of the least expensive you don't know what you're buying from some person sitting at a cable going New York City trading your money and you've never met them or or how to do it you don't know what you're paying for whatever it is they're buying that you don't even know anything about you know when you put it in these terms lance it's crazy it's absolutely crazy okay so we all need investment education and this happened online trading academy where the classes take place I understand you are for the first one free yes we have an introductory class it's two hours I teach it it's lots of fun and I try to make it not boring we don't try to sell you a condo and now you're anything we're just try it what you want one that we can have those about now what we're trying to do is say here's what we do it you know you're going to outlive your money the next generation is gonna live twenty more years after they retire on the issue of mutual funds or eighty five percent of mutual funds don't beat the overall market your financial adviser is it you know and the less you have like five ten million dollars you're just the number they don't care about you say you you got to do something and if you have to write a grant of one a grand you don't have enough money you're gonna be part sorry so in order to sign up for one of those classes I understand you call eight seven seven three three eight trade that's eight seven seven three three eight T. R. A. D. E. eight seven seven three three eight eight seven two three or you can go online.

"twenty three trillion dollars" Discussed on 860AM The Answer

860AM The Answer

08:21 min | 2 years ago

"twenty three trillion dollars" Discussed on 860AM The Answer

"Academy so the markets at the market is down what is going on in the market as we start this new decade well let's think about it thanks for having me on the show at the thing about it is is that everybody you see in the market go up and up and up at pretty much every day and then here we are again after another OP again but but people realize is that the party is going to be over at some point in time and my opinion else for what it's worth everybody has different I think one of the next crash is gonna be brutal and here's why I think that we've had eleven years pretty much of gains in the market hi Paula Chile is getting weird were having larger ships up and down about so just means rapid on critical of and we got all that that that trade stops gone I think we just saw something with China but there's always going to be that we got to death follow what we borrow more money than ever before crazy global economy as kind of slowing down the dollars week and I think there is a tremendous risk to the average Americans retirement accounts savings and why do I say that if you have kids yeah now you ma'am when your kids get their first credit card has a thousand dollar limit and I go out and buy pizza and go drink and and they run their credit card up and then they got another credit card her name pay off their first credit card where the second credit card god my my kids aren't that old yet but now you were raised some warning signs for me right we have twenty three trillion dollars national debt I mean I don't even know what that number looks like on paper one four four trillion dollars budget this year K. we got corporate barring I mean it's just that the market is getting weird and they did a survey of all the big corporate financial officers yes Hey and what percent do you think that we're gonna have a huge economic slowdown or recession in twenty twenty one percent gets twenty I would say you have a high number may be fifty five que que ninety seven by the survey yeah the last couple weeks okay and I read this quote okay ninety seven percent of CFO's query believe either economic slowdown a recessional occur before the end of twenty twenty eighty eight percent so my point is if you're listening if I'm a while modeling but my aunt because chances are you're not prepared and don't tell me you have three pointers hound dog every time to catch it on Monday yeah right right right okay so it's so you're ill prepared how do you if the market's going to go down it if all these indicators are there how do you survive that how do you even make money when something like that is happening in so many people are going to suffer they're gonna lose money I either get a listing of the two space problem first of all you have to know how do you hold on to what you got right now how do you stop it yeah all this doom and gloom comes true and it's not easy and we have a process to help people do that and then how do we make it grow because you just you just can't stop investing see the problem is we never talked about this at our company name is on my trading academy was really misleading because it should be called the online trading and investing account because not everybody wants to be a traitor now right I understand that so if your education is the only way you can you know you can't go to you tube go on those get rich quick videos you can ask your friend there yeah your financial advisors gonna check it what you will do Pat you need to cut back and cut out your lock days every day what I did my shoes yeah I stopped by my wife that this you could buy it that's so cool you look quite Imelda Marcos you need yeah now your date is up most people don't know about this well there's a there's a there's a a new documentary about her so all all I rely on that look at want to ask you the most basic question and please don't laugh at me what is it what's the difference between investing and trading okay good question trading is an activity designed to produce short term income as you think that but we have to put two buckets of money in our life we have our cash flow back at which is our salary and we have our our wealth pocket which is our retirement account and what we want to do when we're working our money from our cash flow Bakit beads and are well back and then when we retire the money in our wealth bucket but surround and that takes care of our cash needs okay I'm not a job right so that's what you have learned how to manage all right but I I just I don't know the difference between trading and investing some lady because you're such an and great interviewer I just one second of a house so anyway so trading as an activity designed to generate short term income the trading means you there's day trading which everybody thinks is crazy but it's not where you're in and out of the market the same day some people like that some people down and then there is swing trading which is where people are in the market for a week or two which is less stressful and then there's there's there's position trading where you're holding things for your retirement so position trading is actually investing where we're just now getting strategies were analyzing are now we're making little adjustments in two weeks so that we can maximize our games and minimize the risk involved okay that's that's your two cent definition and you know what it's worth more than two cents because now I kind I understand the difference between it so this is very very good all right I'm another basic question things are crazy right now on the news lance they're all crazy they're absolutely insane how much should investors and traders pay attention to what's going on in the news and how should they react to all that well it all the day in ever gonna understand all that because we got all the we got the internet we got podcast and all this stuff and so it's really kind of hard to say you just have to know that it's what is not what you know the kills is what you don't know so the way to do it is to get the best education you can make sure you understand what's going on the market and that's what we do twenty two the own on twenty three years online trading academy which should be online trading investment generally we know what we're doing and we don't promise you it's easy with I'll promise you you're going to get rich we don't study a you have to give up your lot days you know that when I do that right and and you do have a core strategy which is patented and that's exactly what we're talking about here so we have a package tragedy that doesn't guarantee you're going to get rich but it's that's a that's an organized approach to being a successful trader and or investor you know what I love about this is that it is truly is and investment education it truly is a telling you about your own money what's happening with your money how you can use your money and how you may be able to use your money more wisely than it's being used right now because so many of us simply have it in one of these for a one case we put it in there because it just comes out of our paychecks and that's it we never pay any attention to it it's like every other thing this taken out of your paycheck it's just you know a day a deduction and we don't even look at it as something that could be helping us to establish our retirement yeah I think about every week money comes out of your paycheck so you're you're buying you don't know at what level you buy you don't know buying it the most expensive price is the last couple weeks of the least expensive you don't know what you're buying from some person sitting at a cable going New York City trading your money and you've never met them or or how to do it you don't know what you're paying for whatever it is they're buying that you don't even know anything about you know when you put it in these terms lance it's crazy it's absolutely crazy okay so we all need investment education and this happened online trading academy where the classes take place I understand you are for the first one free yes we have an introductory class it's two hours I teach it it's lots of fun and I try to make it not boring we don't try to sell you a condo and now you're anything we're just take what you want one that we can have those about that what we're trying to do is say here's what we do it you know you're going to outlive your money the next generation is gonna live twenty more years after they retire on the issue of mutual funds or eighty five percent of mutual funds don't beat the overall market your financial adviser is is it you know and the less you have like five ten nine dollars you're just the number they don't care about you say you you got to do something and if you have to write a grant of water grand you don't have enough money you're gonna be sorry so in order to sign up for one of those classes I understand.

"twenty three trillion dollars" Discussed on KGO 810

KGO 810

08:36 min | 2 years ago

"twenty three trillion dollars" Discussed on KGO 810

"Instructor online trading academy so lance the market's up the markets down what is going on in the market as we start this new decade well let's think about it thanks for having me on the show at the thing about it is is that everybody you see in the market go up and up and up much every day and that there we are again after another again but but people realize is that the party is going to be over at some point in time and my opinion else for what it's worth everybody has different I think one of the next crash is gonna be brutal and here's why I think that we've had eleven years pretty much of games in the market right now Paula Chile is getting weird were having larger ships up and down about so just means rapid on critical of and we got all that that that trade stocks gone I think we just saw something which China but there's always going to be that we have to death bobbled while we borrow more money than ever before crazy global economy has kind of slowing down the dollars wait and I think there is a tremendous risk to the average Americans retirement accounts and savings and why do I say that if you have kids yeah now you ma'am when your kids get their first credit card has a thousand dollar limit they go out and buy pizza and go drink and and they run their credit card up and then a got another credit card for a pay off their first credit card with a second credit card god Michael my kids aren't that old yet but now you were raised some mornings and for me right yeah twenty three trillion dollars in national that I mean I don't even know what that number looks like on paper one four four trillion dollars budget this year okay we got corporate barring I mean it's just that the market is getting weird and they did a survey of all the big corporate financial officers yes Hey and what percent do you think that the we're gonna have a huge economic slowdown or recession in twenty twenty one percent twenty I would say you a high number may be fifty five okay right ninety seven but there may yeah the last couple weeks okay and I read this quote okay ninety seven percent of CFO's greed believe either economic slowdown a recessional occur before the end of twenty twenty this is not an eighty eight percent so my point is if you're listening they found a Walmart him in but I am because chances are you're not prepared and don't tell me have three quarters house barking every time the characters you know about money yeah right right right okay so it's so you're ill prepared how do how do you if the market's going to go down it if all these indicators are there how do you survive that how do you even make money when something like that is happening in so many people are going to suffer they're gonna lose money I either get a listing of the two space problem first of all you have to know how do you hold on to what you got right now how do you put out there yeah all this doom and gloom comes true and it's not easy and we have a process to help people do that and then how do we make it grow because you just you just can't stop investing see the problem is we never talked about this at our company name is on my trade academy was really misleading because it should be called the online trading and investing account because not everybody wants to be a traitor now right I understand that hello education is the only way you can you know you can't go to you tube go on those get rich quick videos you can ask your friend there yeah your financial advisors gonna check it what you will do Pat you need to cut back and cut out your lock days every day what about you yeah I stopped by by by the that this you could buy it that's what you look like a male the Marcos you need yeah now your date most people don't know about this well there's a there's a there's a a new documentary about her so all I'll I rely on that look I don't want to ask you the most basic question and please don't laugh at me what is it what's the difference between investing and trading okay good question trading is an activity designed to produce short term income as you think of that we have to two buckets of money in our life we have our cash flow back at which is our salary and we have our our wealth pocket which is our retirement accounts and what we want to do when we're working our money from our cash flow Bakit beads and are well stock and then when we retire the money in our wealth bucket but surround and that takes care of our cash needs okay about a job right so that's what you can learn how to manage that all right but I I just I don't know the difference between trading and investing sawgrass our trade after that you're such an and great interviewer I just go outside of the house so anyway so trading as an activity designed to generate short term income and trading means you there's day trading which everybody thinks is crazy but it's not where you're in and out of the market the same day some people like that some people down and then there is swing trading which is where people are in the market for a week or two which is less stressful and then there's there's there's position trading where you're holding things for your retirement so position trading is actually investing where we're just now getting strategies were analyzing are now we're making little adjustments in two weeks so that we can maximize our games and minimize the risk involved okay last that's your consent definition and you know what it's worth more than two cents because now I kind I understand the difference between it so this is very very good all right I'm another basic question things are crazy right now on the news lance there are raising their absolutely insane how much should investors and traders pay attention to what's going on in the news and how should they react to all that well it all day you never can understand all that because we got all the we got the internet we got podcast and all this stuff and so it's really kind of hard to say you just have to know that is what is not what you know the kills is what you don't know so the way to do it is to get the best education you can make sure you understand what's going on the market and that's what we do twenty two going on twenty three years online trading academy which should be online trading investment generally we know what we're doing and we don't promise you it's easy that I'll promise you you're going to get rich we don't study a you have to give up your lock days you know that when I do that right and and you do have a core strategy which is patented and that's exactly what we're talking about here we have a package tragedy doesn't guarantee you're going to get rich but it's that's a that's an organized approach to being a successful trader and or investor you know what I love about this is that if you truly is and investment education it truly is a telling you about your own money what's happening with your money how you can use your money and how you may be able to use your money more wisely than it's being used right now because so many of us simply have it in one of these for a one case we put it in there because it just comes out of our paychecks and that's it we never pay any attention to it it's like every other thing this taken out of your paycheck it's just you know a day a deduction and we don't even look at it as something that could be helping us to establish our retirement yeah I think about every week money comes out of your paycheck so you're you're buying you don't know at what level you buy you don't know buying it the most expensive price is the last couple weeks so the least expensive you don't know what you're buying from some person saying a cable going New York City trading your money and you've never met them or or how to do it you don't know what you're paying for whatever it is they're buying that you don't even know anything about you know when you put it in these terms lance it's crazy it's absolutely crazy okay so we all need investment education and this happened online trading academy where the classes take place I understand you are for the first one free yes we have an introductory class it's two hours I teach it it's lots of fun and I try to make it not boring we don't try to sell you a condo and now you're anything we're just trying unless you want one that we can have those about now what we're trying to do is say here's what we do it you know you're going to outlive your money the next generation is gonna live twenty more years after they retire on the issue of mutual funds or eighty five percent of mutual funds don't beat the overall market your financial adviser is it it you know and the less you have like five ten nine dollars you're just the number they don't care about you say you you got to do something and if you have to write a grant of water grand you don't have enough money you're gonna be part sorry right in these classes some are being held all around the bay area if you want to find out where there's a couple ways you can do that you can give them a call the number is eight eight eight seven one to trade eight eight eight seven one two eight seven two three or you can go online to free O. T..

Instructor
"twenty three trillion dollars" Discussed on C-SPAN Radio

C-SPAN Radio

01:32 min | 2 years ago

"twenty three trillion dollars" Discussed on C-SPAN Radio

"And fifty billion dollars the Paris Cola just returned from Madrid the goal of the Paris agreement is to stay under one and a half degrees of additional warming we are not globally on that target right now we're not even at two we are right now if we don't change directions were at four degrees of warming eight degrees of warming is within the zone of possibility at eight degrees Manhattan feels like Qatar essentially it's really unpleasant agree if she's been radio programming from Thursday WCS peer from Washington the at four degrees of warming the global losses could hit twenty three trillion dollars per year there are already predicted to be three hundred eleven thousand homes that will be regularly inundated by twenty forty five and millions by the end of the century this is the worst the financial crisis and presumably a lot of those homes will be subject to a thirty year mortgages so by any analysis that is systemically disastrous and I want to just follow up you expressed doubt earlier in this hearing about whether bank stress testing was necessary to assess the impacts of the climate crisis have you ever consulted with any climate scientists in the course of coming to the conclusion so again let me just preface I have expertise on a lot of issues climate it's not one of them normally under that's why I'm asking for your consultant and I think there is a place in a role to study the climate issues and the impact on the economy I don't think I've sock is that place.

Paris Cola Madrid Manhattan Qatar Washington consultant Paris eight degrees four degrees twenty three trillion dollars fifty billion dollars thirty year
"twenty three trillion dollars" Discussed on News Radio 1190 KEX

News Radio 1190 KEX

14:08 min | 2 years ago

"twenty three trillion dollars" Discussed on News Radio 1190 KEX

"Is the second show with a mission or mission is to decode what really matters actionable intelligence make no mistake the Buck Sexton show began former CI a analyst remember the the sex now talking about sex insure everybody thank you for being here I much appreciate your time and we have some things to dive into today for sure I want to start with this cover of the Atlantic now the Atlantic he has some good writing it's a left wing magazine but there are good writers very talented writers of the Atlantic and they occasionally put out a worthwhile or provocative enough article that I want to talk about it on the show in fact years ago Christopher Hitchens was a regular Atlanta columnists so they've had some of the the most talented left of center folks out there for quite some time Hitchens it's tough to define really where he falls on the political spectrum but the cover tells you exactly where they're taking this issue how to stop a civil war and the main article in which I read this morning goes into the specifics of whether or not or rather why this country seems to be coming apart what the causes of that fracture all our I then where this could lead so effectively this is the Atlantic war gaming the politics of another civil war that's what they're looking at and this is one of the more elite journals of opinion out there now I would note they use some statistics to back this up the most interesting one was that about thirty five percent of people according to recent polling would be upset if they had a child marry someone of a different political affiliation which is somewhat stunning when you think about it much higher than the numbers used to be and in fact higher than the polls when it comes to whether somebody would be upset if they had a child marry outside their religion so that begins to give the question of whether Americans now are treating politics as perhaps a substitute for religion politics not as a system for managing and dealing with conflicting ideas and interests but politics as an existential filling something that replaces the spiritual and celestial relationship that people have with whatever their religious affiliation may be I won't get into the role of atheism and agnosticism in this current phenomenon right now that would probably be a show in and of itself but there's clearly a turn from traditional monotheism this toward something else climate change obviously I tell you is a religious belief for people who think they are too smart for religion and they are wrong but also there's this demographic change that has been happening the country so you have a need for an existentialist that seems to be filled by politics right now then you have this demographic reality that is shifting I'm in America as ethnic composition due to immigration the article goes into some detail to describe has been transformed more rapidly in the last let's call thirty or forty years than at any point in American history and you also have an unprecedented surge in continuous immigration and large scale illegal immigration while you have the expansion of the federal government and the expansion of the welfare state and now we have twenty three trillion dollars of debt piled up a top all of this these are some combustible factors now the narrative that you get from the Atlantic on this is that because the center rights has given way to the far right in the trump era that will be V. that's essential with the blame should lie this is the law does the liberal version of why we may come apart as a country why we could be heading to if not a a full fledged civil war of violence against opposing factions within this country which would be horrific and no human being on earth in particular no American should ever wish for think would be anything other than a travesty of but perhaps political affiliations becoming show deeply ingrained in people's minds and the possibility that of secession movements getting to be broader and you maybe you start to have groups that really do push for a kind of separation which we think is on think of course that did lead to the civil war in the middle of the nineteenth century but we also were a political entity formed by breaking off from another one so that is that is in our founding so you have the rise again noted in this Atlantic piece of prose just pro secession movements from the federal government in California from the last people saying what California should become it's own country which by the way I think that would be fascinating if California normal no longer could call upon the the federal government and all of a sudden was just governing itself not no more Supreme Court to wear anything just California governing itself it would in fact I think turning to Venezuela relatively quickly and we're not right away I remember one of the problems we have to deal with with the central planners and their bad ideas is that it can often take a long time to milk the fat cow so much that it no longer has any milking just rebels up and dies it can take a long time for people to realize how bad their governing ideas really are because of so much wealth accumulation in fact as somebody who's been doing some research on his own into the French Revolution that was one of the the Jacobins were able to call upon that they were able to take control of a government that at the time was the wealthiest government certainly in the in the western world and that covered up some of the stupid ideas that they had that were wealth destroying they still managed to completely up and their economy and there was deprivation and poverty and starvation but it it it wasn't as bad as it would have been if it were a particularly poor country in California were to separate off because it is very there's a tremendous accumulation of wealth there the fifth largest economy in the world if it were its own country of a wouldn't be overnight and along the way you'll always have the central planners the people who think that they know better just give them power they will dictate what should happen the economy just give them the authority to take from you what what is fair and to give to others what do they think is fair there's always a way to blame someone else along that pathway which is why it just relying on the results is not enough the point to something else they'll say well there's an external factor that's the reason for this or you know because we had to prop up the rest of America's along with our tax receipts that's why now California is a after after this theoretical secession dog may become a third world third world hell hole which I think could happen I mean when you when you think about what you know right now you look at how well the America is a prosperous we are and it is seemingly unthinkable that this could trip changed dramatically but look at what I mean I mention revolutionary era France look at what happened in Germany after the first World War look look at what bad government decision making can do to even very advanced developed wealthy societies for the time the wealth can entirely evaporate because of decision making by a central bank or the powers that be the wealth can be gone all of a sudden your entire financial system collapses I think we have a very short memory in this country because when we discussed the possibility of financial collapse right now it sounds like fear mongering to most people all come on things are so great things are so good and I sit here and tell you that at the micro level president trump is doing good I was in my car I mean the short term I should say not micro short term level president trump is doing good things for the economy structurally though you know we we are heading to the edge of the of the waterfall my friends I mean when you look at the twenty three trillion dollars in debt the complete unwillingness of either side of the political spectrum to deal with obligations that cannot be paid the only reason this can continue as it is is because we are the world's reserve currency we can count on the international financial system our dominance within the international financial system to continue funding all of these things that we are doing and remember we're still running massive deficits year in and year out so when two thousand and eight we almost melted down the entire global financial system right and that was based here in America that was such as in living memory I remember very clearly it was not long ago was a decade ago and that's not a fringe theory that's what we were told by the people at the levers of power if we don't take dramatic action including a whole lot of politically and financially motivated bailouts for the very powerful and there's even this is the real structural inequalities within our financial system right now have to do with a lot of government action government action often taken on behalf of those who have the power to influence things at the very top at the bottom offer the welfare state so you know the politicians can stay in power at the very top make sure that because of the way that we've got very very low interest rates and people are pushing more more money into investment vehicles because they're trying to just keep beyond the rate of inflation eating wait their dollars if you have assets you keep getting richer so you have the asset holding class and you have the dependent on government class and everybody else in between is in bad shape or rather is increasingly bad shape over time look at how expensive healthcare is how expensive college and universities are for people the the cost of owning a home in most people say all of the millennials in the Gen Z. folks who just moved to other parts of the country what well what if they can't get a job there the concentration of jobs in cities and the lack of affordable housing for the housing and part isn't around because of government regulation mandating that there must be affordable six a they never learn the lesson we should take the road to serfdom and plop in front of every Democrat every liberal every list with warning Bernie Sanders port and say read this learn this and then we can have a conversation about what's really happening in this country but instead what we have is the Atlantic telling us that the real problem is essentially the rise of ethno nationalism as the real basis of the trump movement now there's a lot of ways that you could look at the data from the twenty sixteen election say hold on a second so people that had voted democratic now switching voted trump they all the sun became ethno nationalists in Michigan in in Pennsylvania and Florida in states that trump one state the trump wasn't supposed to be able he was supposed to have went much of anything I thought but days that we were told were almost certainly go for Hillary the Democrats and that had gone for Barack Obama the first African American president now now we're to believe that there was just a surgeon in ethno nationalism I think this is a very comfortable smear from the perspective of the left I think what they like to say now is the real problem is that conservatives no longer make the case that this is a country rooted in ideology that has nothing to do with your skin color that has nothing to do with your ethnic background or religious background that the ideology of America the vision of the founders the constitution is meant for all human beings and the core of this the foundation of this idea is in fact rooted in individual rights and human dignity they say that we're not making that case anymore though they they claim that what's going on now is there's the shift to the politics of xenophobia and and this is what the the Atlantic this are you I believe it's yoni apple bomb is the author's name that there is a shift away from traditional conservatism to this ethno nationalism to that I just say look at what look at the issues that Donald Trump has had the greatest resonance all look at the areas of policy that the president has managed to build this coalition government one of them is just that the establishment isn't what it pretends to be which I think is now almost in arguably the case and people will argue with that but I think they look foolish the political media and financial elites aren't aren't so brilliant and aren't so ethical as they have been claiming for a very long time and now because of the democratization of information because any of us can go online to see one of this guy say six months ago what really happened to this bailout money what it is you who is this union donating to and what is that politicians say how smart are these people one question meeting politicians in the political class how smarter they when they when they're questioned off script they really seem to know what the heck they're talking about this was a revolt against the elites which I think is large entirely left out of this piece in Atlantic that's warning about the possibility of us.

analyst Buck Sexton twenty three trillion dollars thirty five percent forty years six months milk
"twenty three trillion dollars" Discussed on 90.3 KAZU

90.3 KAZU

05:19 min | 2 years ago

"twenty three trillion dollars" Discussed on 90.3 KAZU

"Wednesday today the thirteenth day of November good to have you along everybody yes fine impeachment hearings I watched him too but I also did a little split screen action for a couple of hours because a funny thing happened on the way to Jay pals testimony today yes that Jay bell chairman of the federal reserve and chief custodian of this country's monetary policy interest rates is what that means and Powell has said more than once that the fed is going to keep interest rates where they need to be to keep the economy growing but here's what bell said to the joint economic committee on Capitol Hill this morning in a downturn it would also be important for fiscal policy to support the economy in other words taxing and spending the stuff the Congress and the president do however as noted in the congressional budget office's recent long term budget outlook the federal budget is on an unsustainable path with high and rising debt twenty three trillion dollars of debt and counting as of today over time this outlook could restrain fiscal policy makers willingness or ability to support economic activity during a downturn so with all of that said we as market place's Mitchell Hartman to mind meld with the fed chair and figure out what he means the fed chair doesn't seem too worried that an economic downturns around the corner the recent try factor of rate cuts probably help prevent that polls warning Congress about the future recession it's almost certain to calm says Eugene Stewart Lee at the urban Brookings tax policy center because if your streets are fairly low extremely limited capabilities and monetary policy monetary policy that would be lowering interest rates to try and revive the economy instead Powell's telling lawmakers they'll have to do most of the heavy lifting next time through fiscal policy boosting government spending cutting taxes but we've already done a lot of that says MIT finance professor Deborah Lucas the administration has been deficit spending out levels that you would expect during a recession not during an expansion like we had so the fed chair sounding an alarm we are at very high deficit and debt levels so will the government to really be able to do much next time around to pull the economy out it's a significant message but it's a message that this head of state is always trying to deliver university of Chicago economist Austin Goolsby says Powell is saying the feds run out of economic ammo so Congress needs to start saving for a rainy day at the moment Congress is scrambling to pass yet another temporary spending bill with no plans for significant deficit or debt reduction I'm Mitchell Hartman for market place as Mitchell was saying those fiscal policy makers need to agree on a new government spending bill by November the twenty first check your calendars that's really soon good thing there's nothing else on the agenda elsewhere in Washington a couple of new reports out digging into the tax code you know when the tax man cometh ideally it doesn't matter so much who your but how much money you have and how you get it tax reality of course is a whole nother thing altogether marketplace Kimberly Adams has that one when you fill out your tax return you don't write down your race or gender so mark maser at the urban Brookings tax policy center says there on the face of it the tax system is gender neutral racially neutral but that doesn't mean certain tax rules don't benefit men over women the national women's law center has a series of reports out today on some of the specific ways this plays out like in work place injury payouts if it's a physical injury you have workman's compensation that's not taxed that's primarily claim by men Melissa bow tia co authored two of those reports if you have for example a discrimination or sexual harassment claim which is primarily claimed by women people of color people with disabilities that is taxed and the way people earn their income can also exacerbate racial and gender divides in how they are taxed Samantha Jacoby is with the center on budget and policy priorities and co authored another report out today revealing how the tax code big surprise favors the wealthy who are mostly white men the people who own particular types of assets such as stocks such as real estate people who receive lots of income from inheritances also are more favorably treated under the current tax system than people who earn their income from wages and salaries there are some parts the tax code that skew heavily towards benefiting women and people of color like the earned income tax credit but advocates argue the tax code still has a lot of catching up to do in Washington I'm Kimberly Adams for market place Wall Street on this Wednesday little bit up will be down we'll have the details when we do the numbers there is staying at a high tech seems increasingly to be banking the.

twenty three trillion dollars
"twenty three trillion dollars" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

05:18 min | 2 years ago

"twenty three trillion dollars" Discussed on WNYC 93.9 FM

"I'm gonna resolve Wednesday today the thirteenth day of November good to have you along everybody yes fine impeachment hearings I watched him too but I also did a little split screen action for a couple of hours because a funny thing happened on the way J. pals testimony today yes that J. pal chairman of the federal reserve and chief custodian of this country's monetary policy interest rates is what that means and bell said they more than has said rather more than once that the fed is going to keep interest rates where they need to be to keep the economy growing but here is what Paul said to the joint economic committee this morning in a downturn it would also be important for fiscal policy to support the economy fiscal policy in other words taxing and spending the stuff the Congress and the president do however as noted in the congressional budget office's recent long term budget outlook the federal budget is on an unsustainable path with high and rising debt twenty three trillion dollars of debt and counting as of today over time this outlook could restrain fiscal policy makers willingness or ability to support economic activity during a downturn so with all of that said we as market place's Mitchell Hartman to mind meld with the fed chair and figure out what he means the fed chair doesn't seem too worried that an economic downturns around the corner the recent try factor of rate cuts probably help prevent that polls warning Congress about the future recession it's almost certain to come says Eugene sewer Lee at the urban Brookings tax policy center because if your streets are fairly low rate of extremely limited capabilities and monetary policy monetary policy that would be lowering interest rates to try and revive the economy instead of Powell's telling lawmakers they'll have to do most of the heavy lifting next time through fiscal policy boosting government spending cutting taxes but we've all he done a lot of that says MIT finance professor Deborah Lucas the administration has been deficit spending at levels that you would expect during a recession not during an expansion like we had so the fed chair sounding an alarm we are at very high deficit and debt levels so will the government can really be able to do much next time around to pull the economy out it's a significant message but it's a message that this head of state is always trying to deliver university of Chicago economist Austin Goolsby says Powell is saying the fed's run out of economic ammo so Congress needs to start saving for a rainy day at the moment Congress is scrambling to pass yet another temporary spending bill with no plans for significant deficit or debt reduction I'm Mitchell Hartman for market place as Mitchell was saying those fiscal policy makers need to agree on a new government spending bill by November the twenty first check your calendars that's really soon good thing there's nothing else on the agenda all right elsewhere in Washington a couple of new reports out digging into the tax code you know when the tax man cometh ideally it doesn't matter so much who your but how much money you have and how you get it tax reality of course is a whole nother thing altogether marketplace Kimberly Adams has that one when you fill out your tax return you don't write down your race or gender so mark maser at the urban Brookings tax policy center says you're on the face of it the tax system is gender neutral racially neutral but that doesn't mean certain tax rules don't benefit men over women the national women's law center has a series of reports out today on some of the specific ways this plays out like in workplace injury payouts if it's a physical injury you have workman's compensation that's not taxed that's primarily claim by men Melissa bow tia co authored two of those reports if you have for example a discrimination or sexual harassment claim which is primarily claimed by women people of color people with disabilities that is taxed and the way people earn their income can also exacerbate racial and gender divides in how they are taxed Samantha Jacoby is with the center on budget and policy priorities and co authored another report out today revealing how the tax code big surprise favors the wealthy who are mostly white men the people who own particular types of assets such as stocks such as real estate people who receive lots of income from inheritances also are more favorably treated under the current tax system than people who are in their income from wages and salaries there are some parts of the tax code that skew heavily towards benefiting women and people of color like the earned income tax credit but advocates argue the tax code still has a lot of catching up to do in Washington I'm Kimberly Adams for market place Wall Street on this Wednesday little bit up will be down we'll have the details when we do the numbers the nearest thing at.

twenty three trillion dollars
Trump Serves Notice to Quit Paris Climate Agreement

Morning Edition

04:26 min | 2 years ago

Trump Serves Notice to Quit Paris Climate Agreement

"At the trump administration has notified the United Nations that the U. S. is officially withdrawing from the Paris climate agreement that means one year from now the United States will become the only nation to pull out of the global pact to combat climate change joining us now in true light he's a former climate official in the state department who helped develop the Paris agreement thanks for coming on the program thank you David this was switch is a not unexpected the present was planning to do this but what what went through your mind when you heard the news yesterday well it was expected certainly and I think that you know what we see here is I think typical unfortunately this administration which is that they're they're abandoning the fight we saw this in Syria we're seeing in on climate change this is something that you know there there's no doubt about the reality of climate change in the rest of the world the United States is the only place where they're still something and we have a a leader who who doesn't even acknowledge that climate change is real and and other countries care about this when we turn our back on them and then they're gonna turn their back on us and other countries are gonna fill the gap for assistance in in the in the in the server I just I I want to focus on the message from the administration yesterday I mean secretary of state Mike Pompeii you know was not talking about whether or not climate change exists he was praising the United States for lowering its greenhouse gas emissions over the last decade while also growing the US economy and I mean opponents of the Paris agreement have have made this essential argument that it could hurt the US economy is that a risk for the United States if they stayed in this agreement no it's not in fact it's quite the opposite there was a very interesting study that was done a couple years ago by the international finance corporation which is part of the World Bank group they looked at the top twenty one commitments under the Paris agreement for developing countries suggest that the the twenty one largest developing countries their conclusion was that in this created a twenty three trillion dollar investment opportunity between now and twenty thirty so when the United States turns its back on the Paris agreement and on international cooperation what we're doing is we're hurting American businesses and we are not growing the job sectors that other countries are gonna stop in and pick them pick up I think I remember a study from the conservative heritage foundation you know when when that the accord was was first developed I mean they were projecting aggregate GDP losses of two point five trillion dollars in that state so the next fifteen years a lot of income for American families you know have to buy energy and in different ways me what what is wrong with those numbers in those projections well that that particular study was riddled with flaws it had a pretty crazy assumption that we were going the only way we could meet our commitments into the Paris agreement would be to basically if history the U. S. industrial sector and and that's just not any that could be further from the truth the other thing though that what's not taken into account by studies like that is the economic harm that will happen that we know will happen if climate change is left unchecked so about a year ago the United States released this White House actually released the fourth US national climate assessment he came to the conclusion that left unchecked you were going to see economic impacts to the tune of hundreds of billions of dollars per year by the end of the century if we do not do something on climate change and and that needs to be taken into account as well when we're looking at the overall economic impact this administration is that there are other ways to fight climate change even outside of the Paris agreement I mean could states could the private sector in United States step in and and do better in this way well they are in stepping in and I think that's one of the great things that we service seen weeds grow twenty five governors now hundreds of mares thousands of business business leaders who stepped forward and said that they want to try to fill the U. S. obligations under the Paris agreement but at the end of the day it's not going to be enough we actually absolutely need a re engagement by the U. S. federal government working with working with the states and cities and businesses to try to achieve our goals under the Paris agreement and your life is a former climate official in the state department he helped develop the Paris agreement thanks so much your time this morning

United Nations Paris Twenty Three Trillion Dollar Five Trillion Dollars Fifteen Years One Year
White House plans to end federal subscriptions to New York Times, Washington Post

Mike McConnell

00:17 sec | 2 years ago

White House plans to end federal subscriptions to New York Times, Washington Post

"The president has decided that we have to save some money we know that we are twenty three trillion dollars in debt twenty three trillion so we're gonna start cutting he has decided that federal agencies should cut their subscriptions to The New York Times and Washington

President Trump The New York Times Washington Twenty Three Trillion Dollars
"twenty three trillion dollars" Discussed on News Radio 1190 KEX

News Radio 1190 KEX

06:34 min | 3 years ago

"twenty three trillion dollars" Discussed on News Radio 1190 KEX

"Piggy bank to fund healthcare exchanges or maybe it was the fed in Wall Street who created the housing crisis with ultra low interest rates after the dot com bubble and by turning the mortgage industry into speculation of futures market with collateralized debt obligations but maybe was pushed to I mean bush to he got us into two forever wars in the Middle East costing the taxpayers more than a trillion dollars in resulting in what negotiations with the Taliban can we done that in two thousand three Iraq and Afghanistan are both still in shambles Syria is still run by Assad Iran is currently seizing oil tankers at will in the Gulf and our will to fight is at an all time low but maybe was Clinton because Clinton is the guy who federalized Fannie Mae and Freddie Mac in a bid to help poorer Americans who couldn't afford down payments to game to game the access to the American dream and home ownership resulting in millions of Americans living in homes they couldn't pay for when unemployment spite course then again it was probably Reagan's fault because Reagan implemented a successful program to end the Cold War but he did it by out spending the Soviets in a military build up but in turn sent the budget deficit soaring for the first time but I don't like to blame us so let's look to the Saudis because it was probably the Saudis who in the nineteen sixties colluded with the US to create the Petro dollar forcing all nations to pay for oil only in U. S. dollars trapping old eat all nations around the world against their will under the US dollar standard so long as the house of Saud controlled OPEC or could be Nixon Nixon who took America and the world due to the Bretton woods agreement which title global currencies to the US dollar off the gold standard in nineteen seventy one that way we could have a never ending cycle of credit expansion and inflation and that's what really push the world's economic disaster or it could be Johnson who said we'll spend our way out of poverty will make sure that no child is ever poor our federal debt today is about twenty three trillion dollars we have spent on this war on poverty coincidentally about twenty three trillion dollars and nothing has changed then again it could be Franklin Roosevelt I mean Franklin Roosevelt Lyndon Johnson they created Medicare social security farm subsidies unemployment insurance three programs which together consume over seventy percent of all federal tax revenue turning America into the largest and costliest well first state in the history of the world we spend more than the Soviet Union did with the total cost of two point five trillion dollars per year now we gotta go back further who destroyed it was probably the creation of the federal reserve when Congress formally abdicated its constitutional responsibility to maintain and defend the nation's money supply gold and silver instead handing control over monetary system and currency to occur ball of private banks which we still don't know which ones they are and bankers who shifted the US and the world to a fiat currency system I mean I could go on but I think you see the dilemma what ails the U. S. and the global economy is not trumps tariffs well they are a bad idea in my opinion he's not the transition from fossil fuels to renewable energy it's not the banking corporate bailouts of two thousand nine that papered over the financial crisis with ever increasing on payable debt it's all of these things it's one hundred years of misadventure through progressivism in fool hearty policy failures evaluating each one in a vacuum can make it seem like it was a good idea at the time but when you examine it is connected series of events in context what do you get you get a clearer picture of policy decisions that made an eventual global financial crisis a matter of unavoidable inevitability period so who broke the economy well if we're going to be honest and we're going to talk about what's coming and how to fix it we all have to stop the finger pointing and say we all did in one way or another we all did our grandparents are parents and us and now your kids will break even further by doing more of the very thing that started this along this misadventure in the first place more government intervention more central planning more socialism that's the root of it if you look at the entire litany of poor policy decisions that are brought the world once again to what many believe is the brink of economic disaster and possibly World War the cedar which sprouted the poisonous tree was the idea that the natural self organizing and self correcting economic cycle ever present in a free market economy should be controlled by directors and government bureaucracies and as usual more government will not to be the right answer but it will be the one I believe even Republicans will clamor for in the coming storm that's exactly what we can expect the experts to try yes again what is the definition of insanity again here's why we must not do that America the last best hope for mankind truly and the numbers explain it next so how many times have you signed up for an account online click.

twenty three trillion dollars five trillion dollars one hundred years trillion dollars seventy percent
"twenty three trillion dollars" Discussed on News Radio 920 AM

News Radio 920 AM

06:21 min | 3 years ago

"twenty three trillion dollars" Discussed on News Radio 920 AM

"Bubble and I turning the mortgage industry into speculation a futures market with collateralized debt obligations but maybe was pushed to I mean bush to he got us into two forever wars in the Middle East costing the taxpayers more than a trillion dollars in resulting in what negotiations with the Taliban can we done that in two thousand three Iraq and Afghanistan are both still in shambles Syria is still run by Assad Iran is currently seizing oil tankers at will in the Gulf and our will to fight is at an all time low but maybe was Clinton because Clinton is the guy who federalized Fannie Mae and Freddie Mac in a bid to help poorer Americans who couldn't afford down payments to game to game the access to the American dream and home ownership resulting in millions of Americans living in homes they couldn't pay for when unemployment spite course then again it was probably Reagan's fault because Reagan implemented a successful program to end the Cold War but he did it by out spending the Soviets in a military build up but in turn sent the budget deficit soaring for the first time but I don't like to blame us so let's look to the Saudis because it was probably the Saudis who in the nineteen sixties colluded with the US to create the Petro dollar forcing all nations to pay for oil only in U. S. dollars trapping old eat all nations around the world against their will under the US dollar standard so long as the house of Saud controlled pack or could be Nixon Nixon who took America and the world due to the Bretton woods agreement which tied all global currencies to the US dollar off the gold standard in nineteen seventy one that way we could have a never ending cycle of credit expansion and inflation and that's what really push the world's economic disaster or it could be Johnson who said we'll spend our way out of poverty will make sure that no child is ever poor our federal debt today is about twenty three trillion dollars we have spent on this war on poverty coincidentally about twenty three trillion dollars and nothing has changed then again it could be Franklin Roosevelt I mean Franklin Roosevelt Lyndon Johnson they created Medicare social security farm subsidies unemployment insurance three programs which together consume over seventy percent of all federal tax revenue turning America into the largest and costliest welfare state in the history of the world we spend more than the Soviet Union did with the total cost of two point five trillion dollars per year now we gotta go back further who destroyed it was probably the creation of the federal reserve when Congress formally abdicated its constitutional responsibility to maintain and defend the nation's money supply gold and silver instead handing control over monetary system and currency to a cook ball of private banks which we still don't know which ones they are and bankers who shifted the US and the world to a fiat currency system I mean I could go on but I think you see the dilemma what ails the U. S. and the global economy is not trumps tariffs though they are a bad idea in my opinion it's not the transition from fossil fuels to renewable energy it's not the banking corporate bailouts of two thousand nine the paper over the financial crisis with ever increasing unplayable debt it's all of these things it's one hundred years of misadventure through progressivism in fool hearty policy failures you waiting each one in a vacuum can make it seem like it was a good idea at the time but when you examine it is connected series of events in context what do you get you get a clear picture of policy decisions that made an eventual global financial crisis a matter of unavoidable inevitability period so who broke the economy well if we're going to be honest and we're going to talk about what's coming and how to fix it we all have to stop the finger pointing and say we all did in one way or another we all did our grandparents are parents and us and now your kids will break even further by doing more of the very thing that started this along this misadventure in the first place more government intervention more central planning more socialism that's the root of it if you look at the entire litany of poor policy decisions that are brought the world once again to what many believe is the brink of economic disaster and possibly World War the seed of which sprouted the poisonous tree was the idea that the natural self organizing and self correcting economic cycle ever present in a free market economy should be controlled by directors and government bureaucracies and as usual more government will not to be the right answer but it will be the one I believe even Republicans will clamor for in the coming storm that's exactly what we can expect the experts to try yes again what is the definition of insanity again here's why we must not do that America the last best hope for mankind truly and the numbers explain it next so how many times have you signed up for an account.

twenty three trillion dollars five trillion dollars one hundred years trillion dollars seventy percent
"twenty three trillion dollars" Discussed on 860AM The Answer

860AM The Answer

08:09 min | 3 years ago

"twenty three trillion dollars" Discussed on 860AM The Answer

"Me hope hope you weeks gone well I think we're right at the mid point right this is Wednesday that's right in the middle of the week isn't Monday Tuesday Wednesday Thursday Friday yeah that's right in the middle of the week I hope you're having a good week that really do it's not just health care they'll it's such as health care where Republicans are afraid to make the free market capitalist argument the bums me out that that here's where we are in America in the year twenty nineteen I mean afraid to defend capitalism afraid to make the case for capitalism in any public policy arena health care the economy college education you name it the regulatory environment I mean anything we've got we've got one party that every single day they have some rooms you know some better days than others but every single day the Democrat party is out there making their case for bigger bigger government and I guess the point I'm trying to make is the other party the Republican Party is out there making the case for help me no I mean it helped me Democrats making the case for big government as best as I can figure the Republicans are out there making the case for kind of short not quite as big government Democrats make the case for big government proudly I would add Republicans make the case for kinda sorta not quite as big of a government so for those of us who believe in freedom in a very limited government where's our home where's our home for those of us who generally believe let me live my life government leave me the hell alone the take care of those who need help but leave me alone let me keep my money leave me alone where where where is our home what political party in that look I get it you can say the Libertarian Party I get at the constitution party look the bottom line is we we live in a two party country and shy of some sort of revolutionary activity out there that that ain't Changin both parties have rigged the game it's going to take a kind kind of an uprising among the American people to change this archaic two party system but that that's a conversation for another day my point today is I believe in free markets I believe in free trade I believe in unbridled capitalism because history teaches me history has taught me that there's no other economic system on the face of the earth that has created more wealth then capitalism that has provided more economic opportunity then capitalism that has put more people to work then capitalism that has delivered more people from poverty then capitalism in fact I could argue and I will argue and it's right it's a fact capitalism in the history of the world capitalism has delivered more people from poverty than all other economic systems combined why why this capitalism get a bad rap all my god throughout the world capitalism has been picked up and brought up man brought out people Morata more out of a an impoverished state then every other economic system combined we shouldn't be ragging on capitalism we should be bound in front of it we should be praising it and what is it here in America you listen to all tell you what if you drop somebody from another planet you put him on in this country right now and if they were paying attention to this presidential debate right now man first off they'd wonder what can economic system you live under and what lies everybody want this thing called socialism they'd be confused and it's understandable because I I don't know it just appears that capitalism here in the year twenty nineteen in America has become well being of the punching bag for a lot of people and what a shame that is many Democrats have lost are losing their way running as fast and as far left as they can run and the Republicans are just kind of standing there picking her behind don't know what they're doing don't know what they stand for and I guess the point I'm trying to make the over arching point I'm trying to make this is why because this didn't just happen overnight and this didn't just happen with trump this is been going on for a while this is why we have a government that so big this is why we have a government that does so much this is why we have a government that we can't afford this is why we're almost twenty three trillion dollars in that this is why you know he'll most Americans under the age of thirty five just believe all government ought to do what government ought to take care of it government ought to fix it government out of provide for it's their instinct it's their first reflex will government will take care of it because we don't have politicians we don't have a political party making the case for free market capitalism and as long as this continues when we bet on this slide this slow for awhile there's if you if you look at the history of it just look at the history of the last one hundred years and look at how over the last one hundred years but the size in the scope of government has consistently grown the amount of money that government at all levels takes from you has consistently increased and I would argue the amount of freedom that you enjoy the freedoms that you enjoy have diminished because nobody for quite some time has been making the case for capitalism free market capitalism.

one hundred years twenty three trillion dollars
"twenty three trillion dollars" Discussed on 860AM The Answer

860AM The Answer

06:19 min | 3 years ago

"twenty three trillion dollars" Discussed on 860AM The Answer

"Dot com slash listen and I wish that we would all listen to this and understand and appreciate just how troublesome this federal debt is what a worry it is Republican Democrat don't don't care at all what party are in as we've said before if there's one takeaway man if there's one takeaway for you this week get about Mahler forget about all of that it's this neither party gives a damn about the death right there neither political party gives a damn about the debt or the deficits that's truth right there laid out right there lay down right there just like that man that is gospel truth and if the if anybody listen to me right now out there still doesn't believe that still didn't get that I'm sorry I feel bad for you you're wrong he ought to wake up I I in my lifetime in my short lifetime I don't know of I don't know of a president Republican or Democrat that cared about the debt the closest one that I can think of would be would would be Reagan Reagan cared about it Reagan a poured big government and in Reagan's defense he cut taxes which was a good thing to do because the tax rates as they were when Reagan became president were like almost criminal and so he cut taxes let the American people keep more of their money in the economy basically in nineteen eighty two took off and remained taking off for the next twenty five thirty years ultimately Bill Clinton was the beneficiary of that so I'm all about and in fact I voted this way in Congress I'm this way now any time you can give the American people more of their money it's a good thing by hi there is not a tax cut I think I would ever not vote for and Reagan cut taxes and what we've always known as the problem was Reagan was fooled didn't do his homework as much as he should of the Democrats and the Republicans in Congress at that time they told him they told Reagan they would cut spending and they didn't because they weren't serious about it and they never are and we know history tells us when you let when you cut taxes and you let the American people keep more of their money more money comes in more revenue is generated because good things happen when you let the American people keep more of their money the American people spend it the American people invested the American people start businesses the American people hire people the American people grow businesses good things happen which generate revenue and role an economy now the problem isn't and has never been and by the way the problems never been tax cuts the problems always spend the reason we're twenty three trillion dollars in debt is spending got nothing new taxes and I know love people of the jump all over trump's tax cuts to me I wish they had been more comprehensive and bigger I wish that we had a had a flat tax right now or is but no spending has gone up under this president under this Congress it's not tax cuts right we're not looking at a one point one trillion dollar deficit this year because of trump's tax cuts we're looking at a one point one trillion dollar deficit this year because boy domestic but non defense discretionary spending has gone up four percent I mean we've increased spending under trump in fact we've increased spending under trump more than we did under Obama that's just a fact and by the way don't forget Congress because Congress appropriates the money Congress really is the one that approved in appropriates the money and it doesn't matter what political party is in charge of Congress it's never mattered what political party is in charge of Congress they spent they spent what Mitch McConnell said you remember what Mitch McConnell said the Donald Trump a couple weeks ago when Mitch McConnell was able to convince Donald Trump to sign this ugly two year budget deal McConnell said no politician has ever lost an election for spending more money and the reports are that that moved to trump he got that he liked that he understood that and again trump has banned the king of that his whole life but neither party cares if we had a party that cared about the debt we would not be almost twenty three trillion dollars in debt if we had a party that cared kind of funny now live in a country with two political parties two political parties that don't care about the death two political parties that like to spend money need another political party there.

twenty three trillion dollars one trillion dollar twenty five thirty years four percent two year
"twenty three trillion dollars" Discussed on 860AM The Answer

860AM The Answer

05:05 min | 3 years ago

"twenty three trillion dollars" Discussed on 860AM The Answer

"Wednesday hope you're doing well thank you so much for listening it's hump day right in the middle of the week get home safe this evening hope you've had a good day hope you via made some money today hope your kids are doing well today follow me on Twitter at walls freedom a war on all over the country but you can listen to us all of the country online anywhere in the country on your phones or laptops what dad for go to Wall Street M. dot com slash Illinois is toast the state of Illinois the state from which I broadcast I think it's finished I think it entered a death spiral a number of years ago and it's careening down a cliff right now in most people don't even know what at and that's what I believe and I believe that for a while just too damn many people are leaving this state all the time it's too expensive the taxes are too high for people to live here the budget deficit the pension liability the credit rating all of it it's just a mess this state is lost and it's like we're crashing and we haven't crashed yet it's like a slow motion crash that's what I believe and I believe I believe that for a while but every now and then when you read an article and and you just hear kind of the numbers like we talk all the time about people leaving Illinois people leave in Illinois I say it all the time taxpayers leaving workers leaving young people leaving small business owners leaving parents leaving kids leaving and we know what we feel it we all know somebody who's leaving or who has left many of you listening to me right now have already left the state of Illinois to go to greener pastures but but every now and then when it's put in numbers like what this exit this really means when it's put in the real numbers it can be startling and I I got a hold of an article today with some of the latest census data that does just that let me throw two numbers at you again it it's it's kind of like how we talk about the debt we're almost twenty three trillion dollars in debt well what does that mean none of us know what twenty three trillion dollars means people are leaving Illinois bring it down to my level what do you mean people are leaving give it give it to me so that I can relate to and understand it well well here's how you can understand in the last year in the last year I then net basis not on the grocery asus on a net basis so when you take the people who are coming into Illinois and you take the people who are leaving in Illinois okay the difference between that then that on average on a net basis Illinois is losing three hundred and twenty three people a day and in that basis that means more leaving but on a net basis three hundred and twenty three people are leaving this state never to come back every single Hey three hundred twenty three hill annoyance leaving this state every day three hundred twenty three taxpayers three hundred twenty three workers three hundred and twenty three soccer coaches baseball coaches school board members people involved in their communities and in their neighborhoods every day over three hundred people are leaving on a net basis every single day that's that's astounding by the way Illinois a has the fastest pace of people leaving in just raw population numbers illinois' second to New York is New York so much bigger but only New York awal population basis loses more people every day in year than Illinois that's astounding three hundred twenty three people every day every day.

twenty three trillion dollars
"twenty three trillion dollars" Discussed on 860AM The Answer

860AM The Answer

03:43 min | 3 years ago

"twenty three trillion dollars" Discussed on 860AM The Answer

"Lower budget deficits one is economic growth which is worth training have trillion her point of GDP that's why I'm harping on U. S. M. C. is not small potatoes and limited government and we are pursuing both I don't see this is a huge problem right now at all quite manageable and revenue and houses and I know we have other questions I don't want to spend too much time revenue analysis is coming in very well with respect to our earliest projections of the impact of the tax cuts on the economy and the budget Kudlow was asked about the skyrocketing deficits Kudlow works for trump he was asked about the skyrocketing deficits and the debt nearing twenty three trillion dollars and he said and you heard him he doesn't see it as a problem and he considers it to be quite manageable now all you tea party patriots out there like me who eight nine years ago you begin to go crazy about the debt and the deficits back when the debt was what nine ten eleven twelve trillion dollars do you agree with Donald trump's economic adviser that the debt isn't a problem and that it's really quite manageable and do you think that if a Democrat were president right now and a conservative Republican Lawrence Kudlow were asked about a twenty three trillion dollar debt and a sky rocketing one point four five trillion dollar deficit do you think of a Democrat were president Kudlow would say that that's not a problem and it's really pretty manageable and from all of the conservatives all of my former colleagues in the house of representatives right now not a word out of them I'm what Kudlow said do they agree do you agree twenty three trillion dollar debt that's not a problem deficit of one point three one point four trillion dollars this current fiscal year not a problem manageable is that why you got involved in the tea party movement way back then because you thought the debt and deficits were just manageable not a big problem at all I'm gonna join this tea party group I'm going to get involved in that tea party group I'm gonna raise hell I'm gonna I'm gonna I'm gonna scream but the debt in the deficits right I'm gonna worry for my kids and my grandkids because it's not a problem and it's really just quite manageable I don't know I say this a lot I was about say don't know that there's anything that pisses me off more than this but I say that a lot this really pisses me off when people on my side Republicans conservatives tea party people get all worked up about the death in the deficits when the Democrats are in charge but when Republicans are in charge crickets don't say a damn thing you do what Kudlow says does not a problem I'm from the debt not a problem it's really pretty manageable.

U. S. M. C. twenty three trillion dollar nine ten eleven twelve trillio twenty three trillion dollars four five trillion dollar four trillion dollars eight nine years
"twenty three trillion dollars" Discussed on KSFO-AM

KSFO-AM

02:00 min | 3 years ago

"twenty three trillion dollars" Discussed on KSFO-AM

"Government deficit worsens in the president's proposed four point seven trillion dollar budget. And that's even with a rosy three point one percent growth projection. We get more from correspondent, Linda Kenyon on Capitol Hill. It's a budget blueprint that sets the president's policy priorities for fiscal twenty twenty Republican Congressman Tom Reed, a member of the House Ways. And means committee says the Trump budget does not address deficit spending. The deficits are becoming a problem that is unsustainable. Our national debt at twenty three trillion dollars at some point time, you run out of runway at more than that the national debt is the national security threat that we see at the highest levels of government across the most spectrums in the military's perspective. Read describes the president's budget as an opening. Salvo in the budget process, congress he says will offer its own budget. Linda Kenyon, Washington. Boeing is saying very little after a second crash of one of its seven thirty seven max at eight jets in the last six months. The latest crash came over the weekend. When an Ethiopian Airlines, seven thirty-seven max jet went down shortly after takeoff. More from correspondent, Richard quest. Iced on the information available. We do not have any basis to issue new guidance to operators. That will be regarded as a sort of a holding statement while they wait for more information from the to bulk says the data recorder and the cockpit voice recorder Ford now, China, and Indonesia and several airlines have grounded seven thirty seven max jets, Muslim civil rights group says the FBI is leading animal shelters private investigators and even in mid western mega church to have access to its watch list of suspected terrorists. Lawyers for the council on American Islamic relations are expressing concern. The watch list is disseminated much more broadly than the government is willing to acknowledge the Dow up one hundred fifty two I'm Mike moss. Stocks and options trading involves financial risk, and it's not suitable for all investors. Hey, guys at Scott Bauer here CEO prosper Trading Academy..

president Linda Kenyon Ethiopian Airlines Republican Congressman Tom Ree Scott Bauer Richard quest congress Mike moss Boeing Trading Academy Ford FBI CEO Washington Indonesia China