Difference between revenues and spending
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Peter Schiff analyzes the stock market relief rally, criticizes Trump's trade policies and tariffs, and argues that the new tax bill and economic issues are not being properly addressed.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at https://square.com/go/peter
It's time for our daily chat with KCBS Insider Phil Matier, hosted by KCBS Radio news anchor Steve Scott. Governor Gavin Newsom says President Trump and his administration's policies are to blame for a good chunk of the 12 billion dollar shortfall in the state budget. The governor unveiled his May revise today, calling for cutbacks to health insurance for undocumented migrants.
Governor Gavin Newsom has attributed California’s $12 billion budget deficit to what he calls the “Trump Slump,” citing former President Donald Trump’s tariff policies, volatile markets, and reduced tourism as key causes. In his revised $332 billion budget, Newsom warned that Trump-era economic uncertainty could cost the state up to $16 billion in revenue. “California is under assault,” he said, defending cuts to health programs and climate initiatives. Critics, including Republican lawmakers, dismissed the blame as political deflection, accusing Newsom of reckless spending and mismanagement. Please Like, Comment and Follow 'Broeske & Musson' on all platforms: --- The ‘Broeske & Musson Podcast’ is available on the KMJNOW app, Apple Podcasts, Spotify or wherever else you listen to podcasts. --- ‘Broeske & Musson' Weekdays 9-11 AM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Facebook | Podcast| X | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.
AP correspondent Donna Warder reports on California's $12 billion budget deficit.
In this episode of the California Underground Podcast, hosts Phil and Camille discuss significant issues in California politics, focusing on San Diego's budget crisis under Mayor Todd Gloria, the implications of budget cuts on community services, and the ongoing corruption within LA's Homeless Services Authority. TAre you a Californian who feels isolated and alone in your political views in a deep blue state? Feel like you can't talk about insane taxes, an overbearing government, and radical social experiments without getting a side eye? Then join us on the California Underground Podcast, the most trusted podcast on all things California politics.Original air date 5.13.25Chapters00:00 Introduction to California Politics Podcast03:25 Cringe Moment of the Week: Bernie Sanders06:28 San Diego's Budget Deficit and Todd Gloria's Proposal09:37 La Jolla's Secession Attempt and Its Implications13:30 Public Services Cuts: Libraries and Arts Programs15:23 Community Reactions to Budget Cuts18:19 The Impact of Political Promises on City Budgets21:29 Monopolies in City Services: Trash Collection and More24:17 Controversial Spending: Rainbow Flag Project27:30 Conclusion and Future Implications36:46 Budget Shortfalls and City Projects41:47 Public Servants and Salary Cuts45:10 Local Elections Matter46:51 Corruption in LA's Homeless Services59:35 Government Connections and Accountability*The California Underground Podcast is dedicated to discussing California politics from a place of sanity and rationality.*Check out our full site for more information about the show at www.californiaunderground.liveCheck out our sponsor for this episode, StopBox, by going to www.stopbox.com/californiaunderground to get 10% off your orderFollow California Underground on Social Media Instagram: www.instagram.com/californiaunderground X: https://twitter.com/CAUndergoundTik Tok: https://www.tiktok.com/@californiaunderground?_t=8o6HWHcJ1CM&_r=1YouTube: https://www.youtube.com/channel/UCj8SabIcF4AKqEVFsLmo1jA Read about our Privacy Policy: https://www.spotify.com/us/legal/privacy-policy/
Senator Cory McCray of the 45th District returns to Koco's Pub on the Maryland Crab Cake Tour with a full recap on the past four months of Annapolis budget deficit strains and the importance of hearing the citizens on taxes and wages and business. The post Senator Cory McCray returns to Koco's with recap on Annapolis budget deficit discussion dilemma first appeared on Baltimore Positive WNST.
Chief Financial Officer Tom Sagar joined Vineeta on The WCCO Morning News
Chief Financial Officer Tom Sagar joined Vineeta on The WCCO Morning News
At the beginning of April, Austin City Council learned that they'd be facing a $33.4 million budget deficit that's only expected to get larger. Meanwhile, council members finally made a plan to accept $32 million in grant money to replace the bridge over Barton Springs, and add a cool $8 million of the city's own. Host Nikki DaVaughn is joined by Amy Stansbury, editor-in-chief of The Austin Common, to talk about all that — plus why outreach teams are crucial to the city's homelessness response, what we're doing with a new batch of EPA money, the future for historic Palm Park, and a new AC rule that will keep all Austinites cool this summer. Learn more about the sponsors of this April 30th episode: Aura Frames - Get $35-off plus free shipping on the Carver Mat frame with Promo Code CITYCAST Visit Port Aransas Want some more Austin news? Then make sure to sign up for our Hey Austin newsletter. Follow us @citycastaustin You can also text us or leave a voicemail. Interested in advertising with City Cast? Find more info HERE
Today on AirTalk: LA's budget deficit explained (0:15) Are tariffs affecting the win industry (19:55) Embryo and fetus rights (32:42) Latest on deportation Trump's efforts (51:55) Pasadena Playhouse celebrates 100 years (1:10:01) Where is the best place to live in SoCal? (1:26:56)
John talks with Wichita City Councilman JV Johnston
LA Mayor Karen Bass has released her next budget. To help close a massive deficit, the city may have to lay off around 5% of the city workforce. LA’s Japanese American National Museum is refusing to follow the Trump administration’s orders to end DEI efforts. Now it's at risk of losing $2 million of federal funding. The documentary “One to One” follows John Lennon and Yoko Ono through a tumultuous period in their lives and American politics, reassessing Ono’s artistry and her influence on Lennon. YouTube turns 20 this year. The popular video site democratized content on the web, but also inflamed culture wars, radicalized users, and further polarized an already divided society.
Beyond the Tariff Turnaround: Consequences Take Shape What did foreign countries learn from Trump's capitulation to the bond market? How will they use it? How will the 10% that remains for everything affect the American economy? Congress Blows the Lid Off the Deficit — $5 TRILLION Debt Ceiling Hike The Trade Deficit talk has conveniently redirected attention away from the federal Budget Deficit as interest on the debt passes $1 TRILLION for the first time (along with “defense” spending). For fun: guess what year the US budget first passed $1 TRILLION and what was the price of gold that year in US fiat. Dollar's Doom Sparks Gold Rush as World Dumps U.S. Paper for Gold Biden began the destruction of the dollar's reserve currency status with sanctions against Russia, will Trump's economic war with China finish it? Nations are fleeing to gold, pushing prices past $3,200 an ounce as BRICS rises along with mortgage rates and credit card interest Trumpsucker Proxy Media Fails “Sniff Test” & So Does Trump's New Perfume Trump's legion of shameless ‘sucker proxies'—Cat Turd, DC Draino, Benny Johnson—are caught red-handed spinning economic carnage into a twisted victory dance! Whether the rally was a dead cat bounce or a turn-around, the cultic excuses are exactly the opposite of their pearl clutching with market downturns during Biden's administration Breitbart (rightfully) mocks China for their Mao cult but MAGA is no better as Trump bilks them – his latest product is outrageously priced perfume topped with a golden idol of Trump himself. Who can afford it? Mall Meltdown: $300 Million Default Signals Commercial Real Estate Crisis The commercial real estate house of cards is crashing as Gerald Celente, TrendsJournal.com, has predicted since lockdown began 5 years ago! Celente's chilling prophecy unfolds: banks teeter, bonds tank, and America's lockdown legacy merges with a dot-com 2.0 bust of epic proportions Rogue AI Agents: Will They Create Crises to Profit from Chaos? Way beyond algorithms trading, AI Agents could act like politicians and bankers and deliberately cause crashes and crises in order to profit Game-Changing Device Saving Thousands from Choking Deaths! With choking claiming 5,000 lives yearly a simple yet lifesaving invention by Arthur Lih has already saved nearly 4,000 lives, including 3,000 children! Unlike the Heimlich maneuver, which can fail with kids, wheelchair users, or larger individuals, LifeVac's plunger-like design effortlessly clears airways in seconds. From a 15-month-old to a 97-year-old, this universal device works for all ages, lasts forever, and even comes with a free replacement if used. Don't wait for tragedy to strike…LifeVac.net AI's Soulless Secret Unveils Meaning of “Image of God” and the Dignity of Humans Bryan Trilli's explosive book, Soulless Intelligence: How AI Proves We Need God, reveals AI's fatal flaw. Ironically, AI may teach us what being in the image of God means and why ALL humans have value regardless of differing degrees of intellectual and physical abilities Green Hydrogen Hoax: The Latest Scam to Burn Billions in Taxpayer Cash A look at the unbelievable folly of the latest Jolly Green Giant Scam —Green Hydrogen (GH) even as Toyota is ready to bet the company on it Muslim Genocide Against Christians Using Israeli Weapons Azerbaijan's Muslim forces, armed by Israel, genocide of Christians in Nagorno-Karabakh—and the world shrugs! The U.S. downgrades the crisis despite ethnic cleansing, with Zionist-heavy commissions burying the truth. Mel Gibson and Archbishop Vigano cry out UK's Speech Stasi Silences BitChute and Prayer BitChute flees the UK's Online Safety Act, making the site write-only for people in the UK (can still upload content for free countries but UK citizens are not allowed to see). A UK retiree faces $25,000 fines for holding a sign “Here to Talk if You Want” near an abortion clinic—welcome to the West's new tyranny where speech is hate and the murder of children is protectedIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.
Beyond the Tariff Turnaround: Consequences Take Shape What did foreign countries learn from Trump's capitulation to the bond market? How will they use it? How will the 10% that remains for everything affect the American economy? Congress Blows the Lid Off the Deficit — $5 TRILLION Debt Ceiling HikeThe Trade Deficit talk has conveniently redirected attention away from the federal Budget Deficit as interest on the debt passes $1 TRILLION for the first time (along with “defense” spending). For fun: guess what year the US budget first passed $1 TRILLION and what was the price of gold that year in US fiat. Dollar's Doom Sparks Gold Rush as World Dumps U.S. Paper for GoldBiden began the destruction of the dollar's reserve currency status with sanctions against Russia, will Trump's economic war with China finish it? Nations are fleeing to gold, pushing prices past $3,200 an ounce as BRICS rises along with mortgage rates and credit card interest Trumpsucker Proxy Media Fails “Sniff Test” & So Does Trump's New Perfume Trump's legion of shameless ‘sucker proxies'—Cat Turd, DC Draino, Benny Johnson—are caught red-handed spinning economic carnage into a twisted victory dance! Whether the rally was a dead cat bounce or a turn-around, the cultic excuses are exactly the opposite of their pearl clutching with market downturns during Biden's administration Breitbart (rightfully) mocks China for their Mao cult but MAGA is no better as Trump bilks them – his latest product is outrageously priced perfume topped with a golden idol of Trump himself. Who can afford it? Mall Meltdown: $300 Million Default Signals Commercial Real Estate CrisisThe commercial real estate house of cards is crashing as Gerald Celente, TrendsJournal.com, has predicted since lockdown began 5 years ago! Celente's chilling prophecy unfolds: banks teeter, bonds tank, and America's lockdown legacy merges with a dot-com 2.0 bust of epic proportions Rogue AI Agents: Will They Create Crises to Profit from Chaos?Way beyond algorithms trading, AI Agents could act like politicians and bankers and deliberately cause crashes and crises in order to profit Game-Changing Device Saving Thousands from Choking Deaths! With choking claiming 5,000 lives yearly a simple yet lifesaving invention by Arthur Lih has already saved nearly 4,000 lives, including 3,000 children! Unlike the Heimlich maneuver, which can fail with kids, wheelchair users, or larger individuals, LifeVac's plunger-like design effortlessly clears airways in seconds. From a 15-month-old to a 97-year-old, this universal device works for all ages, lasts forever, and even comes with a free replacement if used. Don't wait for tragedy to strike…LifeVac.net AI's Soulless Secret Unveils Meaning of “Image of God” and the Dignity of HumansBryan Trilli's explosive book, Soulless Intelligence: How AI Proves We Need God, reveals AI's fatal flaw. Ironically, AI may teach us what being in the image of God means and why ALL humans have value regardless of differing degrees of intellectual and physical abilities Green Hydrogen Hoax: The Latest Scam to Burn Billions in Taxpayer CashA look at the unbelievable folly of the latest Jolly Green Giant Scam —Green Hydrogen (GH) even as Toyota is ready to bet the company on it Muslim Genocide Against Christians Using Israeli WeaponsAzerbaijan's Muslim forces, armed by Israel, genocide of Christians in Nagorno-Karabakh—and the world shrugs! The U.S. downgrades the crisis despite ethnic cleansing, with Zionist-heavy commissions burying the truth. Mel Gibson and Archbishop Vigano cry out UK's Speech Stasi Silences BitChute and Prayer BitChute flees the UK's Online Safety Act, making the site write-only for people in the UK (can still upload content for free countries but UK citizens are not allowed to see). A UK retiree faces $25,000 fines for holding a sign “Here to Talk if You Want” near an abortion clinic—welcome to the West's new tyranny where speech is hate and the murder of children is protectedIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.
The Texas Legislature is still in session under the pink dome down on Congress Avenue — but they won't be for too much longer. Now is the time in the session when things get weird and hard to follow, so host Nikki DaVaughn is joined by newsletter editor Kelsey Bradshaw and executive producer Eva Ruth Moravec to break down where things stand on vouchers, the THC ban, and DOGE, on this week's Friday News Roundup. Plus, we discuss the Texas Department of Transportation's parking problems as employees return to the office, the City of Austin's $7.5 million in unpaid parking tickets, and whether that money could help shore up the city's estimated $33 million budget deficit for next year. Learn more about the sponsors of this April 11th episode: Austin Community Foundation Wild West Brew Fest Zach Theatre Want some more Austin news? Then make sure to sign up for our Hey Austin newsletter. Follow us @citycastaustin You can also text us or leave a voicemail. Interested in advertising with City Cast? Find more info HERE
Portland is facing a sizable budget deficit, with $93 million in general fund cuts needed to balance next year's budget. We got our first look at what those cuts could mean a few weeks ago, when Portland's new City Administrator Michael Jordan released his preliminary budget recommendations. Today on City Cast Portland, Jordan talks with host Claudia Meza about his proposal to the mayor and City Council for addressing severe budget challenges with extraordinary changes. Join City Cast Portland at the 503 Day Block Party, Saturday, May 3, at downtown Portland's Ankeny Alley!! Details and RSVP here. Become a member of City Cast Portland today! Get all the details and sign up here. Who would you like to hear on City Cast Portland? Shoot us an email at portland@citycast.fm, or leave us a voicemail at 503-208-5448. Want more Portland news? Then make sure to sign up for our morning newsletter, Hey Portland, and be sure to follow us on Instagram. Looking to advertise on City Cast Portland? Check out our options for podcast and newsletter ads at citycast.fm/advertise. Learn more about the sponsors of this April 3rd episode: Bookshop.org - Use code CITYCAST to get 15% off your next order TEDx Portland - use code RADIO13 for 13% off Learn more about your ad choices. Visit megaphone.fm/adchoices
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Terry Ryder—founder of Hotspotting.com.au and Australia's #1 independent real estate analyst—joins Ahron Young in the Ticker studio to unpack the 2025–26 Federal Budget and what it didn't address: the worsening housing crisis. From unaffordable home prices and stalled construction to the lack of support for investors and renters alike, Terry pulls no punches as he explains the structural failures that continue to drive Australia's housing shortage.
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Spring break begins next week on March 29 and classes will be back in session on April 7.Come out to BMO stadium on March 30 to celebrate Long Beach State Night at the Angel City FC game. They will face the Seattle Reign at 5 p.m. Students, alumni and staff can purchase discounted tickets through the Events & Orgs app on the CSULB Single Sign-On. The city of Los Angeles is expected to have a nearly $1 billion budget shortfall in the next year. LA Administrative Officer Matt Szabo said that much of the current financial crisis was due to spending on emergency relief from the Palisades fire, legal settlements and the general downward trend of the economy. Mayor Karen Bass is expected to turn in her new budget for the city on April 21.President Donald Trump signed an executive order on Thursday, March 20 in hopes of dismantling the Department of Education. Shutting down the entire department would take an act of Congress which will likely not pass; however, the Trump administration can defund and narrow down the department as they see fit.The Gaza Strip was attacked in an airstrike last Tuesday, March 18 after the ceasefire between Palestine and Israel began in Jan. Palestinian officials have reported at least 69 deaths due to the airstrike. Israel Prime Minister Benjamin Netanyahu says a lack of progress in the ceasefire agreement is what instigated this attack. This airstrike ended a month of peace in the 17-month-long war between Hamas and Israel.Late Thursday night, March 20, firefighters responded to a transformer fire that erupted in an electrical substation in West London. This fire led to a power outage and the closure of Heathrow Airport. Being Europe's busiest flight hub, over 1,300 flights to and from have been affected and continued disruptions are expected. After two and a half days, Heathrow resumed its normal schedule on Sunday, March 23.Host: Luis CastillaEditor: Aidan SwanepoelProducers: El Nicklin, Aidan SwanepoelLike, comment, and follow us on your favorite platform for more content!Apple Podcastshttps://podcasts.apple.com/us/podcast/long-beach-current-podcasts/id1488484518Spotifyhttps://open.spotify.com/show/4HJaqJep02kHeIQy8op1n1Overcasthttps://overcast.fm/itunes1488484518/long-beach-current-podcasts
In this episode of the Must Read Alaska Show, host Ben Carpenter—former legislator and combat veteran—moderates a deep dive into Alaska's long-standing fiscal challenges with guests Senator Mike Shower and Representative Kevin McCabe. The conversation revolves around the state's structural budget deficit, the volatility of oil revenues, and the erosion of the original intent behind the Permanent Fund Dividend (PFD). Together, the lawmakers explore the urgent need for a comprehensive fiscal plan, including spending caps, government downsizing, and potential tax reforms. They caution against continued reliance on federal funds and the Permanent Fund, warning that a government unaccountable to its citizens threatens individual liberty. The episode is a candid, sometimes sobering, discussion on the lack of political will and leadership, the influence of public sector unions, and the uphill battle to re-engage Alaskans in the governance of their state.
Here's an assignment for the conservative politicians and activists who keep telling us that President Trump and his sidekick Elon Musk's massive federal budget cuts are quote “making American great again”: take a few minutes to check out the history of the federal budget deficit. As a quick review reveals, it was a Democratic […]
In this episode of Passing Judgment, guest Amber Phillips returns to analyze President Trump's recent address to Congress and the implications of his administration's actions. Jessica and Amber explore the partisan nature of the speech and the administration's reliance on executive orders, notably within the Department of Governmental Efficiency (DOGE). They discuss the effects on the federal workforce, address questions surrounding the budget process, and examine entitlements. Here are three key takeaways you don't want to miss:Trump's Speech and Approach: The episode begins with a discussion about Trump's address to Congress. Both Amber and Jessica noted how the speech resembled more of a campaign rally than a traditional State of the Union address. They observed Trump's lack of engagement with Congress and his focus on executive orders to achieve his goals.Executive Orders vs. Congressional Legislation: Amber and Jessica explore why the Trump administration is relying heavily on executive orders despite having Republican control in Congress. They discuss the challenges of legislation and the perceived ease of presenting executive orders as actions to the public.Budget and Economic Implications: The speakers delved into the budgetary impacts of the Trump administration's policies, especially concerning cuts in government spending and workforce. They raised concerns about the broader economic consequences, such as potential unemployment and doubts about genuine savings versus necessary spending.Follow Our Host and Guest: @LevinsonJessica@byamberphillips
WMAL GUEST: 8:05 AM - INTERVIEW - MARK FISHER - Maryland State Delegate (represents District 27C in the Maryland House of Delegates, which covers parts of Calvert County) and member of the Maryland Freedom Caucus - Discuss the latest insanity in Maryland with Gov. Wes Moore's Cringe Video and Democrat-created deficit in the Maryland state budget. SOCIAL MEDIA: https://x.com/fisher4maryland Where to find more about WMAL's morning show: Follow the Show Podcasts on Apple podcasts, Audible and Spotify. Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor, @Jgunlock, @patricepinkfile, and @heatherhunterdc. Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Show Website: https://www.wmal.com/oconnor-company/ How to listen live weekdays from 5 to 9 AM: https://www.wmal.com/listenlive/ Episode: Monday, March 10, 2025 / 7 AM Hour See omnystudio.com/listener for privacy information.
Scams from both Washington and Minnesota. We get the macro and the micro look. MN headed to another budget deficit and most likely increased taxes. LGBTQ agricultural seminar. Johnny Heidt with guitar news. Heard On The Podcast: ‘Significant' uncertainty subdues Minnesota's near-term budget surplus with deficit on horizon St. Paul man wanted in connection to multiple sexual assaults arrested in St. Cloud Trump envoy says Ukrainians ‘brought it on themselves' after US pauses aid and intelligence sharing Learn more about your ad choices. Visit podcastchoices.com/adchoices
Scams from both Washington and Minnesota. We get the macro and the micro look. MN headed to another budget deficit and most likely increased taxes. LGBTQ agricultural seminar. Johnny Heidt with guitar news. Heard On The Podcast:‘Significant' uncertainty subdues Minnesota's near-term budget surplus with deficit on horizonSt. Paul man wanted in connection to multiple sexual assaults arrested in St. CloudTrump envoy says Ukrainians ‘brought it on themselves' after US pauses aid and intelligence sharing Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Stella and Mike catch up on a slew of mostly bad news from the last month and a half. Main topics include: a haunting reprisal of the Gill-Montague school district's annual struggle to secure needed state aid; the current and potential impacts of the Trump administration's unprecedented austerity measures on local life (and the particular case of Montague beekeepers They Keep Bees); and a monkey wrench in the planned demolition of the Strathmore mill complex. Plus, trainwrecks! Roofs caving in! Newspaper editors' chairs collapsing!To read more from They Keep Bees and support their recovery efforts from hurricane and funding losses, check out their blog: https://www.theykeepbees.com/blogWatch the Wendell trainwreck video here: https://www.youtube.com/watch?v=OGLyI6nzbkE&t=253sSubmit your own questions for Mike to podcast@montaguereporter.org, and subscribe to the paper at https://montaguereporter.org/subscribe/.
After sending congratulations to the Super Bowl champion Eagles, today we dive into a dense and important topic: the U.S. federal debt. There's a lot of fear and misinformation around this issue, so we break down what the numbers really mean and how they compare to history.Alex kicks things off by clarifying key terms. A deficit occurs when the government spends more than it brings in during a given year. The debt is the accumulation of all past deficits, minus any surpluses. The U.S. has run a deficit in 46 of the last 50 years, meaning it consistently spends more than it collects in revenue. To cover these shortfalls, the government borrows money by selling treasury securities to investors, institutions, and foreign governments. The debt's significance is often measured against the country's total economic output—its debt-to-GDP ratio—which has averaged about 64% since 1939 but has spiked dramatically at key moments in history.We've seen two major surges in debt-to-GDP: during World War II, when it reached 120%, and during COVID-19, when emergency spending pushed it to 125%. While this ratio has come down slightly since the pandemic, it remains historically high. Similarly, the deficit-to-GDP ratio, which measures the size of the annual shortfall relative to economic output, has averaged 3.4% over time but ballooned to around 6.4% in recent years.Ed walks us through the current numbers. As of 2025, the U.S. total debt stands at $36.2 trillion, with about $28.9 trillion held by the public and $7.3 trillion held by government programs like Social Security. Given that GDP is around $29 trillion, our debt-to-GDP ratio sits at 120%, nearly double its long-term average. The U.S. ran a $1.8 trillion deficit in 2024 and is on track for a similar shortfall in 2025. Experts believe a sustainable deficit level should be closer to 3% of GDP, meaning we'd need to close a $1 trillion annual gap through tax increases, spending cuts, or a mix of both.A common concern we address is the idea that foreign nations “own” the U.S. through debt holdings. In reality, only about 23% of U.S. debt is held by foreign countries, with Japan and China being the largest holders. However, they invest in U.S. debt not to control us but because U.S. treasuries are among the safest assets in the world.So, should we be panicking? Not necessarily. As Ed reminds us, people have been warning about a debt crisis for decades. Ross Perot famously made it a central issue of his 1992 presidential campaign when the debt was just $4 trillion. And yes, we may have detoured for a moment into Ross Perot and "Dana Carvey doing Ross Perot" impressions.Today's debt and deficit numbers are bigger, but so is the U.S. economy. While the current trajectory isn't sustainable forever, it's not an immediate crisis either—more of an issue that will need to be addressed over time.If you're wondering how these macroeconomic trends impact your personal financial planning, feel free to reach out. Visit Birch Run Financial, email info@birchrunfinancial.com, or call 484-395-2190. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, and Jon Gay and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. 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BUSINESS: Budget deficit exceeds target | Feb. 28, 2025Visit our website at https://www.manilatimes.netFollow us:Facebook - https://tmt.ph/facebookInstagram - https://tmt.ph/instagramTwitter - https://tmt.ph/twitterDailyMotion - https://tmt.ph/dailymotionSubscribe to our Digital Edition - https://tmt.ph/digitalSign up to our newsletters: https://tmt.ph/newslettersCheck out our Podcasts:Spotify - https://tmt.ph/spotifyApple Podcasts - https://tmt.ph/applepodcastsAmazon Music - https://tmt.ph/amazonmusicDeezer: https://tmt.ph/deezerStitcher: https://tmt.ph/stitcherTune In: https://tmt.ph/tunein#TheManilaTimes Hosted on Acast. See acast.com/privacy for more information.
In this episode, Andy Constan joins the show to discuss Quantitative Tightening 2.0, why the Fed wants to change its SOMA portfolio, and the connection between QT, the debt ceiling, and TGA. We also delve into the deficit, DOGE success being anti-growth, and much more. Enjoy! — Follow Andy: https://x.com/dampedspring Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx — Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125 — Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE FG10 FOR 10% OFF general admission! https://blockworks.co/event/digital-asset-summit-2025-new-york __ SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 46 Million users over $9 Billion in gas fees. SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork — Timestamps: (00:00) Introduction (01:08) Understanding Quantitative Tightening (QT) 2.0 (10:01) Skale Ad (10:22) Why the Fed Wants to Adjust its SOMA Portfolio (17:50) Potential Market Impacts and Future Strategies (25:17) Debate on QT Pause and Debt Ceiling Dynamics (34:51) Skale Ad (35:21) Debate on QT Pause and Debt Ceiling Dynamics (Con't) (38:35) Monetary Plumbing, Debt Ceiling Concerns, & Demand for Treasuries (44:03) Impact of Budget Deficit on Issuance & Interest Rates (52:28) Economic Projections and Policy Impacts (01:00:55) Risk Assets and Market Sentiment (01:05:44) Is There A Bond Trade? __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Robin Galloway – Senior Manager, Forvis Mazars SAfm Market Update - Podcasts and live stream
“The biggest policy hurdle” is government spending and the budget deficit, rather than the trade deficit, says Barry Knapp. He thinks DOGE's efforts are less important than Congress's in that regard. He says ‘don't touch' the consumer staples and healthcare sectors, but says not to bet against American innovation in the tech sector.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about
Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with distinguished business leader Bill Yeargin, president and CEO of Correct Craft. The leading boat manufacturer's key brands include Nautique, Centurion Boats, Parker Offshore, Supreme Boats, Sea Ark Boats, Bass Cat, Yar Craft, Ingenity, Watershed, Aktion Parks and other notable products. The conversation on America's Roundtable is focused on Mr. Yeargin's Open Letter to President Donald Trump published on January 20, 2025. The Open Letter highlights key policy areas including immigration reform, trade, taxes, fiscal responsibility, regulations, US leadership on the world stage and social security. The conversation also delves into the Administration's top priorities and its potential impact on businesses, the American economy and trade policy. Bill Yeargin also serves as chairman of the National Marine Manufacturers Association with 1,300 member companies producing an estimated 85 percent of the boats, engines, trailers and accessories used by boaters and anglers throughout the U.S. and Canada. "I am a CEO, not an economist, and I confess to having a strong affinity for capitalism. I believe if you want to help people, you should start a philanthropic organization. If you want to help a LOT of people, start a business. Capitalism is the undeniable wealth creator, but right now it is on life support." — Bill Yeargin, Losing Capitalism, CEO World Magazine Bill Yeargin is the author of six best-selling books including “Making Life Better,” “Education of a CEO” and the most recent “Faith Leap.” During this conversation Bill Yeargin highlights his personal faith journey which he describes in the book "Faith Leap," including how his faith has helped him lead a company of over 2000 employees with distributors in 70 countries. Correct Craft had a 99-year history as a premier boat manufacturer but was teetering on the edge of survival when he took the reins in the early 2000s. americasrt.com (https://americasrt.com/) https://summitleadersusa.com/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 X: @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm
Warwick Life hostScott Nerney and Warwick School Committee ChairmanShaun Galligan take an in-depth and fact-based look at the Warwick Public Schools budget deficit, including how the budget is prepared, how the shortfall happened, and how the amount of the deficit can be brought down.Warwick Life highlights what's special in Warwick, Rhode Island and helps listeners get the most from this seaside community. Warwick Life is produced by Scott Nerney and presented byWe Be Jammin'.Write to warwicklife@gmail.com.Music by Tess Der Manouelian.
Join the conversation with C4 & Bryan Nehman. To begin the show today, C4 & Bryan discuss the immigration arrest policy. Federal government workers are going back to the office, and many are no longer working from home. How do they feel about that? President Trump signed an executive order to declassify the records with the assassinations of President John F. Kennedy, Senator Robert F. Kennedy, and Dr. Martin Luther King Jr. Brian Kroneberger from RBC Wealth Management joins C4 & Bryan to discuss a couple of different topics including the Budget Deficit and the Maryland estate tax. Later in the show, State Senator Justin Ready furthers the discussion with C4 & Bryan on the Budget Deficit. Plus, how likely is it that the Maryland minimum wage increases to $20 an hour? Listen to C4 & Bryan Nehman live weekdays from 5:30 to 10am on WBAL News Radio 1090, FM 101.5 & the WBAL Radio App.
Send us a textGreetings, financial enthusiasts! We extend our sincere gratitude for choosing to join us on Ficonomy today. As you absorb the insights from this episode, take a moment to reflect on how this newfound knowledge can enhance your life. If you found today's content valuable and enjoyable, consider sharing your thoughts with us through a podcast review and introducing our show to your inner circle. Our table of knowledge always has room for more, and we appreciate your time and engagement, thanking you wholeheartedly.We're eager to hear your perspectives—what resonated with you, and perhaps where you had a different viewpoint. Don't hesitate to reach out; fostering connections and meaningful dialogues is at the core of what we do. We believe in the power of human connection and the joy of conversation. So, don't be shy—connect with us, explore our content further, and let's engage in a friendly chat!Always remember, within this community, you are cherished, your worth is immeasurable, and you hold a special place in our hearts.Connect on social media: @KyleTHEHortonFor business inquiries, reach out to us at KyleTalksPodcast@gmail.com.Intro/Outro: "Escape in Style" from the "Heads in the Clouds Album" by Matthew Morelock.Links:Fake News Link ;)Budget Deficit 40% UPSupport the show
Send us a textWelcome back! Happy New Year! Glad to be back! Come one, come all! Eric Leeper is the Paul Goodloe McIntire Professor in Economics at the University of Virginia. He also is a visiting scholar at the Mercatus Center at GMU. Today, we talk about inflation. He explains to us how inflation theory has evolved and how we forgot about the relationship between the fiscal and monetary sides of the economy.Want to explore more?John Cochrane on Monetary versus Fiscal Policy, A Great Antidote podcast.Leonidas Zelmanovitz, The Boundaries of Fiscal and Monetary Policy, at Econlib.Allen Meltzer on Inflation, an EconTalk podcast.Thomas Hoening on Inflation and the Federal Reserve, a Great Antidote podcast.Maryann Keating, Adam Smith and the Public Debt, at AdamSmithWorks.Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
https://coloradosun.com/2025/01/09/2025-colorado-state-of-the-state-annotated/ Today - Colorado's 2025 legislative session is underway and our politics team is hard at work chasing down what lawmakers will be doing at the Capitol this year. While they're getting acclimated, we're revisiting the conversation Jesse and Brian recorded in November about the big budget deficit facing the state. The budget will be one of the biggest issues at the General Assembly in the coming months. And while the deficit may have shrunk slightly since November when their conversation first aired, big cuts are still needed. https://friendsofchambermusic.com/ Promo code: FCM30CSSee omnystudio.com/listener for privacy information.
Chris breaks down the alarming state of the U.S. budget deficit, highlighting the worst fiscal year start in history. With government spending up 10.9% and tax receipts down 2.2%, the deficit has surged 40% year-over-year. Markowski warns about the unsustainable interest on the national debt, equating to 66% of all personal income taxes collected. He criticizes Congress for prioritizing self-interest over fiscal responsibility. www.watchdogonwallstreet.com
Governor-elect Bob Ferguson outlines his budget priorities, proposing $4 billion in reduced spending while keeping new taxes as a “last resort.” Learn more about his approach to Washington's budget deficit. Read the full story at https://www.clarkcountytoday.com/news/incoming-gov-ferguson-describes-taxes-as-a-last-resort-for-wa-budget-deficit on www.ClarkCountyToday.com #Vancouver #ClarkCountyWa #WAbudget #GovernorFerguson #localnews
Join the conversation with C4 & Bryan Nehman. Reaction from C4 & Bryan as well as various leaders regarding the budget deficit in MD. The latest information on the wildfires in LA. Mayor Brandon Scott joined the show to discuss the budget deficit among other topics. Casey Baynes of the Casey Cares Foundation joined the show to talk about the life of former Orioles pitcher Brian Matuz. Melissa Adan of ABC News joined C4 & Bryan to provide the latest update on the wildfires in LA & Attorney A Dwight Petit also joined the show to reflect on the life of former President Jimmy Carter. Listen to C4 & Bryan Nehman live weekdays from 5:30 to 10am on WBAL News Radio 1090, FM 101.5 & the WBAL Radio App.
Jay Inslee announced a spending freeze amid a government revenue shortfall. Does this mean tax increases are on the way? FOB Sushi has reopened after their viral “worm” scandal. A man in West Seattle pruned a community Christmas tree, but he went a little too far. // Jason did something heroic for a fellow coworker today. Pete Hegseth continues to battle attacks coming from the media in his bid for Secretary of Defense. // The AP is inventing a non-troversy about what might happen to schools during mass deportations.
The federal government's mid-year budget update is forecasting deeper deficits and a weaker economy.
In spite of a strong stock market rally, analysts are cautioning about potential volatility in early 2025.(The so-called "Santa rally" is fueled by positive economic indicators and supportive Federal Reserve policies but there is some concern regarding high valuations and geopolitical risks.) Today's Stocks & Topics: KHC - Kraft Heinz Co., Market Wrap, TSLA - Tesla Inc., ONTO - Onto Innovation Inc., The Santa Rally Gains Traction Amid Positive Economic Signals, Equity and Retirement, Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, Budget Deficit, REGN - Regeneron Pharmaceuticals Inc., UMC - United Microelectronics Corp. ADR, SPMO - Invesco S&P 500 Momentum ETF, Robotaxis.Our Sponsors:* Check out Fabric: https://fabric.com/INVESTTALKAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Edmonds thinking about ditching the police department -- is your city next? Daniel Penny was guilty of his negligent homicide charges. // Washington’s budget deficit is probably much worse than we were originally told. NBC’s Kristin Welker tried to back Donald Trump into a corner with a gotcha question, and it backfired spectacularly. Lara Trump stepped down as RNC co-chair, leading to speculation that she might be appointed Florida’s next Senator. // The Assad regime’s reign in Syria came to an end over the weekend.
Bill Radke discusses the week's news with writer and editor Sarah Anne Lloyd, political analyst and contributing columnist Joni Balter, and KUOW online editor and producer Dyer Oxley.See omnystudio.com/listener for privacy information.
https://coloradosun.com/2024/11/01/colorado-state-budget-2025-26-jared-polis-proposal/ Today – Colorado lawmakers have begun working on the state budget for the next fiscal year — and they have their hands full. There is a projected $1 billion deficit. Colorado Sun politics reporter Brian Eason explains why there's a gap and what state officials are planning to do about it. See omnystudio.com/listener for privacy information.
No one wants to talk about the $1.8 Billion Federal Budget deficit - especially the two candidates running for president and their political parties. But, as Marc Goldwein of the Committee for a Responsible Budget warns, the interest costs alone to serve that debt are approaching 17% of government spending, which is more than we spend on defense, education and healthcare. Both presidential candidates are pushing policies that would only amplify that debt by trillions of dollars over the next decade, bringing with it inflation, high interest rates, a debt spiral and a massive devaluing of U.S. Treasuries. The debt matters, but don't tell Washington D.C. LINKS FOR SHOW NOTES: https://www.investopedia.com/warren-buffett-berkshire-hathaway-apple-stock-cash-pile-q3-2024-8738738 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_110124.pdf https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8737801 https://www.crfb.org/ https://www.investopedia.com/presidents-and-their-impact-on-the-stock-market-4587369 https://www.investopedia.com/what-economists-think-harris-trump-economic-plans-presidential-election-8700373 Learn more about your ad choices. Visit podcastchoices.com/adchoices
What’s Trending: Republicans are calling out FEMA’s response to Hurricane Helene and blasting the Biden Administration for diverting disaster relief funds towards illegal immigrants. A claim that the administration says is false. West Seattle’s ‘Easy Street Records’ had a horrible weekend when their store flooded due to a burst pipe and they had a break-in. Former Trump lawyer Michael Cohen made the wild claim that if Trump is elected he will round up his political opponents. // Big Local: The Edmonds city government is facing a budget crisis of about $13 million. Thurston County Sheriff Derek Sanders was struck by an allegedly drunk driver. This is the second time he has been in a collision. Snohomish County has an initiative on the ballot to raise its sales tax to fund public safety. // A North Carolina woman lost 35 pounds by only eating one food.