Podcasts about budget director

On CNN's State of the Union, Dana Bash sits down for an exclusive interview with the man seen as the architect behind President Trump's scorched-earth effort to upend the federal government, White House Budget Director Russ Vought. Then, House Democratic Leader Rep. Hakeem Jeffries joins Dana to detail his party's plan to counter Trump's agenda, as well as respond to a new CNN poll showing Americans frustration with the Democratic Party. Next, Democratic Sen. Chris Murphy pushes back against Republican messaging around President Trump's massive spending and tax cut bill. Finally, Democratic Rep. Debbie Dingell, CNN Senior Political Commentator Scott Jennings, and CNN Political Commentators Jamal Simmons and Shermichael Singleton weigh in on Elon Musk's exit from the Trump administration, as well as early 2028 moves by Democrats. Learn more about your ad choices. Visit podcastchoices.com/adchoices

During the confirmation hearings of the Office of Management and Budget Director and Deputy Director for budget earlier this year, lawmakers pressed Russ Vought and Dan Bishop about whether they would comply with the Impoundment Control Act. The budget rules of the road require congressional approval if OMB decides not to spend money appropriated in law, while both Vought and Bishop promised to comply with the law. A new decision by the Government Accountability Office casts further doubt on whether OMB will follow the 1974 impoundment Control Act. For more on GAO's recent decision, Federal News Networks Executive Editor Jason Miller joins me.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Common Sense Institute recently published a study titled "Highway Detours: The Ongoing Shift of Transportation Dollars." It was authored by our Transportation Fellow Ben Stein, who, in 2006 became the Budget Director for the Colorado Department of Transportation (CDOT). At CDOT he oversaw the development and execution of the annual budget for the department which then had an annual budget in excess of $1 billion and more than 3,000 employees. In October 2010, Stein was selected to become CDOT's Chief Financial Officer (Senior Executive Service). During his tenure at CDOT he also managed numerous complex financial transactions. These included private placements, the inaugural issuance of bonds by the Colorado Bridge Enterprise, the U.S 36 Public Private Partnership, and the I-70 Central Viaduct replacement project. In the report, Ben explores four issues that contribute to the state's difficulties: geography and demography, a focus on environmental impacts, inflation, and revenues and funding. Additionally, in the past, ballot initiatives have had limited success. In this episode of Common Sense Digest, Ben joins Chairman and Host Earl Wright to discuss these problems and offer a path forward that will help meet the transportation needs of state residents in a fiscally responsible way.  Thank you for listening to Common Sense Digest. Please rate, review, and subscribe on your favorite podcatcher. All of our podcasts can be found here.

The amount of money used to operate state government in Rhode Island has grown by 5 and a half billion dollars over the last 10 years, to $14.2 billion. Now, President Trump has put a spotlight on efforts to cut government agencies and reduce federal spending. Critics say Trump is dismantling vital services, while his supporters mostly tout this as a way to cut waste and fraud. The chainsaw approach embraced by Elon Musk is being felt here in Rhode Island, since almost $100 million in federal funding has already been cut. That's a small amount in the context of the state budget. But it renews questions about why Rhode Island's spending plan has grown so much, and whether the state is making effective use of taxpayers' dollars. So does state government have enough of a focus on boosting efficiency and cutting waste? And how will cuts from the Trump administration affect Rhode Island? This week on Political Roundtable, I'm going in-depth with Brian Daniels, director of Rhode Island's Office of Management and Budget.

April 1, 2025 - New York State Budget Director Blake Washington provides a status update on budget negotiations, including how to approach fiscal ambiguity, his role when discussions turn to policy, and the plan to keep families from losing access to child care.

This Week's Guests: Matt Kibbe - The founder of Free the People Episode 352 Matt Kibbe is President at Free the People, an educational foundation using video storytelling to turn on the next generation to the values of personal liberty and peaceful cooperation. He is also co-founder and partner at Fight the Power Productions, a video and strategic communications company. Kibbe is the host of BlazeTV's Kibbe on Liberty, a popular podcast that insists that you think for yourself. He was senior advisor for a Rand Paul Presidential Super PAC in 2016, and later co-founded AlternativePAC to promote libertarian values. In 2004 Kibbe founded FreedomWorks, a national grassroots advocacy organization, and served as President until his departure in 2015. Steve Forbes said: “Kibbe has been to FreedomWorks what Steve Jobs was to Apple.” Newsweek pronounced Kibbe “one of the masterminds” of tea party politics. MSNBC's Keith Olbermann called Kibbe “The second worst person in the world.” Dubbed “the scribe” by the New York Daily News, Kibbe is the author of the #2 New York Times bestseller Don't Hurt People and Don't Take Their Stuff: A Libertarian Manifesto (HarperCollins 2014), and Hostile Takeover: Resisting Centralized Government's Stranglehold on America (HarperCollins 2012). He coauthored Give Us Liberty: A Tea Party Manifesto (HarperCollins 2010). Kibbe has appeared frequently on national television, including FOX News, HBO's Real Time with Bill Maher, CNN, MSNBC, and PBS. Before launching FreedomWorks, Kibbe served as a congressional Chief of Staff and House Budget Committee Associate. He was also Budget Director for the U.S. Chamber of Commerce, and Senior Economist for the RNC under Lee Atwater. Kibbe did graduate work in economics at George Mason University and received his B.A. in economics from Grove City College. He lives in Washington, DC with his awesome wife Terry, and their objectivist cats, Ragnar and Rearden. Kibbe is also a fanatical DeadHead, drinker of craft beer and whisky, and collector of obscure books on Austrian economics. "Rethink Production presents "Live From America Podcast" - a weekly show that combines political commentary with humor. Hosted by the comedy cellar owner Noam Dworman and producer Hatem Gabr, the show features expert guests discussing news, culture, and politics with a blend of knowledge and laughter. Follow Live From America YouTube @livefromamericapodcast twitter.com/AmericasPodcast www.LiveFromAmericaPodcast.com LiveFromAmericapodcast@gmail.com Follow Hatem Twitter.com/HatemNYC Instagram.com/hatemnyc/ Follow Noam Twitter.com/noam_dworman #MATTKIBBE #FREETHEPEOPLE #Libertarian

David Stockman, director of the Office of Management and Budget under Ronald Reagan, smashes the bad arguments against Rep. Thomas Massie (he should vote for idiotic spending now because we'll get serious in five months), who made a brave if lonely stand for what his party professes to believe in. Sponsors: Franbassador & Supporting Listeners Book Discussed: How to Cut $2 Trillion: A Blueprint from Ronald Reagan's Budget Cutter to Musk, Ramaswamy, and the DOGE Team Guest's Twitter: @da_stockman Guest's Website: DavidStockmansContraCorner.com Show notes for Ep. 2617

DC Ward 5 Councilmember Zachary Parker talks with the Council's Budget Director, Jen Budoff, about the upcoming budget process and anticipated challenges. Jen explains the fiscal headwinds DC is facing, and ways neighbors can get involved as we approach budget season. Communications Director Melissa Littlepage gives an overview of the latest Ward 5 Weekly newsletter. Read at ward5.us/news and subscribe at ward5.us/newsletter.

February 26, 2025 ~ Jen Flood, State Budget Director previews tonight's State of the State with Terry Rhadigan and Glenn Stevens.

On this week's episode of 'The Sunday Show with Jonathan Capehart': Battling the Bromance. President Trump sings the praises of First Buddy Elon Musk in a new interview but Democrats at every level are fighting back, most effectively in the courts. I'll ask Nevada Attorney General Aaron Ford about his recent legal victory and the stunning reaction from Vice President JD Vance. Then, I'll ask Rep. Becca Balint of the Budget Committee just how far Democrats are willing to go to stop the Trump-Musk agenda -- even if it means a government shutdown. Protest Vought: Russell Vought, Trump's Budget Director and key architect of Project 2025, is also now the acting head of the Consumer Financial Protection Bureau and already taking steps to undermine it. Rep. Maxine Waters, ranking member of the House Financial Services Committee, is not happy about any of this and she will tell us why. And, Oh Canada! Prime Minister Justin Trudeau doesn't think Trump's joking about making Canada the 51st state. Why this and Trump's pronouncements on Gaza, Greenland, the Panama Canal and more are detrimental to the global order America helped create, with the Atlantic's Tom Nichols. All that and more on “The Sunday Show with Jonathan Capehart.” 

Senate Confirms Russell Vought as Budget Director; Trump Creates 'Anti-Christian Bias' Task Force | NTD Good Morning (FEB. 7)

Well, now the senate Democrats are getting the hang of it. Instead of just granting unanimous consent to end debate, allowing the Republicans to to ram through D'ump's horrendous cabinet nominees, it seems that they're finally getting in the fight. The debate began yesterday morning at 10:30am ET. They went all night long and are still going strong. The rules allow up to 30 hours of debate, so the Dems are apparently going to use every one of those hours to slow down the process. The judiciary branch - you know, one of the three CO-EQUAL branches of government has also begun stepping up to stop the convicted felon in the White House from gutting the 14th amendment, blocked Trump's co-president Leon from further accessing government databases, pushing tonight's ridiculous buyout offer for federal employees to resign, setting a new hearing for Monday. And the filibuster is delaying the vote on Project 2025 architect Russell Vought's nomination to be the new Budget Director. And there's more... It's Thursday, so Howie Klein joins us from DownWithTyranny.com and the Blue America PAC to weigh in on what he's writing about at DWT too.

Jan 24, 2025 - New York State Budget Director Blake Washington discusses Gov. Kathy Hochul's budget proposal, including the subsidies for film productions, the pace of spending on Medicaid, and the evolving education aid philosophy.

David Stockman, director of the Office of Management and Budget under Ronald Reagan, and who knows the details of the federal budget like few others, has written the definitive guide for the Department of Government Efficiency if it genuinely wants to cut spending. Sponsors: CrowdHealth: Code: WOODS & Persist SEO Guest's Website: David Stockman's Contra Corner   Guest's Twitter: @DA_Stockman Show notes for Ep. 2590

In this episode, Alex talks about judges from the International Criminal Court (ICC) approving the arrest warrants for Benjamin Netanyahu and former Defense Minister Yoav Gallant. He then talks about why Russ Vought as Office of Management and Budget Director is terrifying reality considering he is one of the main authors of Project 2025. Finally, Alex argues that Thanksgiving should be moved to October. 

Oct. 4, 2024 - New York State Budget Director Blake Washington swung by The Capitol Pressroom studio to talk about the current fiscal year, including potential revenues from a Medicaid managed care tax, and the upcoming budget process, including potential revenue from fees to polluters, savings from the administration of home care, and controlling agency spending.

Sun-Times City Hall reporter Fran Spielman interviews Chicago's budget director, Annette Guzman, about the city's significant financial challenges. Guzman explains the factors contributing to these shortfalls, including lagging revenues, escalating costs, and pension obligations.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We're joined by President Ronald Reagan's Budget Director, David Stockman. He tells us what real estate investors and everyday people need to know. Stockman served as Reagan's Director of Office, Management and Budget from 1981 to 1985. He tells us to expect higher inflation and interest rates for longer, maybe even the rest of the decade. Don't expect rate cuts for a long time. The US is moving toward an unsustainable debt situation, with $100T in public debt expected within twenty-five years. We have embedded deficits. Learn why the recession has been postponed. David also reveals what will inevitably pull the trigger to potentially start the recession. Hint: Household budgets. Pandemic stimulus programs gave citizens $3T. Half of it has now been spent. He was also one of the founding partners of Blackstone. David Stockman tells a story about President Reagan's personal touch with him. You can subscribe to David Stockman's Contra Corner for free here. Resources mentioned: David Stockman's Contra Corner For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) - Welcome to our Ivory Coast, Keith Whitehill. There are some dire warning signs for the future of our economy. We're joined by none other than the father of Reaganomics. To break it down with us. Today is late. President Ronald Reagan's budget director joins us. When is this perpetually postponed recession coming? Why? Inflation and high interest rates could carry on for the rest of the decade. And what it all means to your finances and real estate today on get Rich education.   Robert Syslo (00:00:34) - Since 2014, the powerful get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from past real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Wine, who writes for both Forbes and Rich Dad Advisors and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener.   Robert Syslo (00:01:08) - Phone apps build wealth on the go with the get Rich education podcast. Sign up now for the get Rich education podcast or visit get Rich education.com.   Corey Coates (00:01:19) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold (00:01:35) - We're going to drive from Glen Burnie, Maryland, to Glen County, California and across 188 nations worldwide. I'm Keith Reinhold, and you're listening to get Rich education. We're going bigger picture this week before we talk to President Reagan's money guy in the white House. Understand that today's guest was also one of the founding partners of Blackstone, and they are in the real estate business. You're going to get a lot of deep, uniquely qualified insights today. And I'll tell you what's going on around here. Lately, things have been feeling awfully presidential between last week's program and now this week's program. Hey. Stars and stripes forever. Semper fi. Rah! Now, as the greatest detonation in the history of the world, how in the heck are we, as the United States, going to keep financing our debt now, you can think of a treasury, also known as a bond, as an IOU, as we take on debt to fund our government spending programs.   Keith Weinhold (00:02:42) - Really, what we do is issue then these IOUs to the rest of the world and then down the road. We need to pay back these IOU holders, treasuries, holders, whatever we've borrowed with interest on top of that. That's a really simple way to describe how it works. Think of a Treasury as an IOU. Well, we have $9 trillion in treasuries that need to be rolled over at higher interest rates just this year alone. Okay. Well, how does the market look for that sort of thing? Well, a lot like before you decide to sell a piece of real estate, you would want to know how that buyer's market looks. How is the buyer's market for us selling more treasuries, which is basically us issuing more IOUs? How is that world interest level in our treasuries? Well, this is a time when the world is selling treasuries. We're trying to get rid of them. Well, why would they buy more when we keep printing like crazy, debasing the dollars that they will eventually get their treasuries repaid in down the road? Case in point, China is down to just over 700 billion of treasuries that they're holding.   Keith Weinhold (00:04:01) - Well, they were 3 trillion not too long ago, more than four times that Russia and Iran sold all of their treasuries. Other countries are shedding them too, like Japan. It gets even worse than that because the number one holder of our own debt is our own fed. And then it gets even worse than that. Yet, because even our own fed is rolling treasuries off of their balance sheet. So who is going to finance this often irresponsible US spending the 10 trillion or $11 trillion every single year for the next ten years that we have obligations toward already, and it looks like all those are going to be at higher interest rates, too. Now, I am not telling you how to think about us as the United States, for example, sending foreign aid to multiple nations. That's up to you to decide whether it's Ukraine or the Middle East or Taiwan that gets political. And that is beyond the scope of GR. We are an investing show. What I'm saying is that backdrop that I just gave you, that's something that you need to take into consideration, is you weigh those foreign aid decision types.   Keith Weinhold (00:05:20) - Speaking of getting worse, do we at least have competent decision makers today? Now, as we'll talk to the father of Reaganomics here shortly, someone that served in an earlier era. Here's a clip from this era that really went viral lately, but it's apropos to play it here. This is Jared Bernstein today. He chairs President Joe Biden's Council of Economic Advisers. How much confidence does this instill? And remember, this guy chairs the economic advisers to today's president.   Jared Bernstein (00:05:56) - The US government can't go bankrupt because we can print our own money.   Voice (00:06:00) - Like you said, they print the dollar. So why? Why does the government even borrow?   Jared Bernstein (00:06:04) - Well, the, so the I mean, again, some of this stuff gets some of the language that the, some of the language and concepts are just confusing. I mean, the government definitely prints money and it definitely lends that money, which is why the government definitely prints money. And then it lends that money by, by selling bonds. Is that what they do? They they, the.   Jared Bernstein (00:06:34) - Yeah. They, they they sell bonds. Yeah. They sell bonds. Right. Because they sell bonds and people buy the bonds and lend them the money. Yeah. So a lot of times, a lot of times at least to my year with MMT, the, the language and the concepts can be kind of unnecessarily confusing. But there is no question that the government prints money and then it uses that money to so, yeah, I guess I'm just I don't, I can't really, I don't, I don't get it. I don't know what they're talking about.   Keith Weinhold (00:07:08) - Well geez. How's that for clarity and confidence from today's major decision makers on our economy? Gosh. Now, in my opinion, back in 2020, our government, they set up the wrong incentive structure to deal with the pandemic. Remember things like the PGP, the Paycheck Protection Program, remember mortgage loan forbearance and the eviction moratorium. See when that type of aid is given, well, then the result is that citizens don't learn that they need to keep some cash handy, and then that behavior that gets rewarded gets repeated in that behavior is handouts.   Keith Weinhold (00:07:53) - And then the expectation for more handouts. 56% of Americans don't even have $1,000 for an emergency expense. Well, see, they're not really incentivized to in the future. If in a crisis, everyone just gets another taxpayer funded handout, but then see those same people that got that handout get hurt in the long run. Anyway, with the longer run inflation that the handout created, don't let there be one day of austerity for the least prepared American, I guess. Instead, bail them out and add on to everyone's debt load, which you know that right there. That seems to be the playbook. Like that is the protocol of the day that is not responsible, in my view. Now, the minutes of the latest fed meeting, they said that some fed officials would be open to raising interest rates if inflation doesn't let up. I mean, that news alone that sent stocks plunging like they were riding the Tower of Terror, giving the Dow its worst day in a while. I'll discuss that more with the father of Reaganomics, David Stockman, today.   Keith Weinhold (00:09:01) - It's the kind of episode that can stretch your thinking here. Now, what is Reaganomics? Well, one thing that you should know is that it's committed to the doctrine of supply side economics. You probably heard that term before. And really what that's all about is lowering taxes, decreasing regulation, and allowing free trade and what was called the Reagan budget. That's something that his budget director Stockman expected would help curtail the welfare state. And he gained a reputation as a tough negotiator for that. He lives on the Upper East Side of Manhattan today, and it's kind of funny with macroeconomic discussions. You'll notice something here, the word million, that doesn't even come up that much anymore. It's simply a number that is too small. It is more like billion and trillion. And hey, let's see if the term three orders of magnitude above trillion comes up today. Quadrillion, or even the one after that quintillion. Is that where we're going next? We'll see. before we meet David Simon, I've gotten more questions about something, because the national average bank account pays less than 1% on your savings.   Keith Weinhold (00:10:18) - And where do you really get a decent yield on your savings, even beyond the 5% in an online only savings account or a CD, which that does not outpace true inflation? For years now, I've reliably been getting 8%. What I do is keep my dollars in a private liquidity fund. You can do this to your cash generates up to an 8% return. The minimum investment amount is just 25 K, and you keep getting paid until you decide that you want your money back. And the private liquidity fund has a decade plus track record, and they've always paid their investors 100% in full and on time. And I would know this because I am an investor with them myself. So see what it feels like to earn 8%. A lot of other great listeners are any investing involves risk, even dollars at a brick and mortar bank. So to learn more, just text the word family to 66866. Learn more about the liquidity fund. Get 8% interest. Just do it right now while you're thinking about it.   Keith Weinhold (00:11:23) - Text family to 66866. Let's meet David Stockman. A Wall Street and Washington insider and Harvard grad. Today's guest is a former two time congressman from Michigan, a prolific author, and he is none other than the man known as the father of Reaganomics. He was indeed President Ronald Reagan's budget advisor. Welcome to the show, David Stockman.   David Stockman (00:11:54) - Great to be with you. And, that was a while back. But I think there's some lessons from that time that we would be well advised to try to apply today, that's for sure.   Keith Weinhold (00:12:05) - Well, it's an illustrious title that you'll never shake. It's a pleasure to have you here. And David is a real estate investing show. At times we need to step back and look at the bigger picture. And now on the economy, one seems to get a different answer depending on who they speak with. You have a highly qualified opinion. What do both investors and citizens need to know today about the condition of the American economy?   David Stockman (00:12:29) - I don't think the outlook is very promising, but I think it's important to understand what that means for real estate investors, because the fact is, if you're in real estate and I know many of your listeners or viewers are very knowledgeable and sophisticated, there's really two ways to look at real estate.   David Stockman (00:12:49) - One is as a property that generates a flow of cash or income that is highly reliable, and that you can count on and produces a rate of return on the invested capital that's attractive. That's one way. The second way is that if you invest at the right time, when perhaps interest rates are falling and therefore multiples or cap rates are becoming more attractive and property values are rising rapidly, mainly because of easy money and lower interest rates, then there's a huge opportunity for capital gains. As another way of generating return on capital. But those are two obviously very different tracks. The capital gains route by old invest, improve flip flop the gain and move on or the, you know, income based rent and earnings based, approach to property. Now, I think the reason I went through this is pretty elementary, of course, is that the macro environment is very different between the first strategy and the second strategy. And therefore, the important thing to understand about the macro environment is which environment are you in and is it conducive to strategy a the income strategy or b the capital gains strategy? I would say right now we're totally in an incomes strategy environment, the first route.   David Stockman (00:14:34) - And that's because as we've gone through several decades of easy money, of rapidly rising asset values, of ultra low interest rates, very high multiples, in terms of property values to income that has generated trillions and trillions of capital gains for smart real estate investors. But I think we're out of that environment, and we're in an environment now where we're stuck with massive public debt and deficits. We're stuck with a, central bank that is, basically painted itself into a corner, created so much fiat credit, generated so much liquidity into the economy that now it will be struggling with inflation for years to come. Which means, notwithstanding Wall Street's constant belief that rate cuts are coming tomorrow, there won't be rate cuts for a long time to come. And what we're facing, therefore, there is likely higher rates for longer. A environment in which property values are flat if not declining, and therefore the capital gains route is not going to work very well. But if you have good properties with good tenants and good cash flows and, rental flows, real estate mine works out pretty well.   David Stockman (00:16:05) - But you have to understand the macro environment. And that's one of the things that I work on daily when I, publish my daily newsletter, which is called, David Stockman's Contra Corner.   Keith Weinhold (00:16:19) - You can learn more about Contra Corner, David's blog, before we're done today. David, you have a lot of interesting things to say. There we are in this environment where rates have been higher, longer. It sounds like you believe that is going to continue to be the. Case is rate cuts will be postponed is a little more difficult question. It's some crystal ball stuff. But can you tell us more about that? What can we expect for inflation in interest rates for the rest of this 2020s decade, which has about six years to go?   David Stockman (00:16:48) - There's going to be high rates for most of this decade because we have so much inflation and excess demand built into the economy. We really went overboard, especially after 2020 with the pandemic lockdowns and then these massive stimulus program, something like $6 trillion of added stimulus, was injected into the economy in less than 12 months.   David Stockman (00:17:16) - That created a undertow of inflation that is still with us. And despite all the hopeful commentary that comes from Wall Street, if you look at it year to date, I don't look at just the CPI because the headline number is somewhat volatile and can be pushed and pulled a lot from a month to month based on nonrecurring conditions. But if you look at something called the 16% trimmed mean CPI, it's just the same CPI, but it takes out the lowest 8%, the highest 8% of price observations each month out of the thousands in the market basket. What it does is basically takes the extreme volatility out of the top and the bottom, and gives you a trend that is more reliable if you're looking like on a quarter by quarter or year by year or even multi year basis, well, I mentioned this is important because the trim means CPI is still running at about 4.3% during the first four months of this year to date. That's not a victory over inflation. That's double what the fed says his target is. And frankly, the Fed's target is a little bit phony.   David Stockman (00:18:35) - I mean, what's so great about 2% inflation if you're a saver and your savings are, you know, shrinking by 30% over the course of a decade, so they're going to have a tremendous wrestling match with inflation, not just for a few more months, but I think for several more years in this decade, I don't see the federal funds rate, which is kind of the benchmark rate for overnight money coming down below 5% very soon, or if at all. And that's because with inflation running at 4% or better, if you have a 5% money market rate, you're barely getting a return on capital, especially if you factor in taxes. You know, it's like it's a rounding error and that doesn't work over time. I mean, you're not going to get long term savings. You're not going to get long term capital investment. If the return is after inflation and taxes are either non-existent or negative, as they've been for quite a while. So even though everybody would like to hope we're going back to the good old days of 0% over 90 money or 1% money, which they got so used to over the last couple of decades.   David Stockman (00:19:55) - It was bad policy. It wasn't sustainable. It caused a huge amount of bubbles and distortions in our economy. But once we finally got to the end of that in March 2022, when the fed had to finally pivot and say, yeah, inflation isn't transitory, it's, embedded, we got to do something about it. People think we're going right back to where we were, and that's the key thing to understand. We are not going right back to where we were, in part because of all this inflation business I've talked about, but also in part because they got so used to borrowing money on Capitol Hill and practically zero interest rates that they are now, you know, they have built in deficits of 2 trillion or more a year. And, we are going to be pushing into the bond pits, massive amounts of new government debt. There's no consensus to do anything about it. You know, if the Republicans talk about reforming the entitlements, the Democrats say you're throwing grandma out the snow. If the Democrats talk about raising revenue, the Republicans talked about, you're going to get slaughtered with higher taxes.   David Stockman (00:21:12) - And then everybody's for more wars and more defense and the bigger and bigger national security budget. And that's all she wrote. If you don't do with revenue, you don't do it national defense and entitlements. The rest of it is rounding errors. And so we're stuck with these massive additions to the debt. Now, everybody knows the public debt. Is 34 trillion. Ready? Yeah. What I'd say they don't understand is that by the end of this decade, you ask about the decade, right? Will we close to 60 trillion of debt. And, if you look at the last CBO, projection they do every year at long term projection, and CBO actually is more optimistic than it is warranted in any way. In other words, their long term assumptions I call rosy scenario. There's no more recessions for the next couple of decades. Inflation is well-behaved, interest rates stay low. Full employment lasts indefinitely and forever. Well, this doesn't happen. Look at the real world. Over the last 20 or 30 years, we've been all over the lot.   David Stockman (00:22:18) - So if you look at the CBO forecast, which is I'm just saying here is exceedingly optimistic. They never are the less are projecting that the public debt and they don't even write this number down in their report because it's too scary, will be $100 trillion before the middle of this century.   Keith Weinhold (00:22:41) - That's a.   David Stockman (00:22:42) - Trillion. Yeah. Now, if you ask people today who are market savvy, I like a lot of your viewers. Where are the Treasury bills, notes and bonds today? Well, if you average it all out, it's about 5%. I don't think it's going to come down much. It'll vary a little bit up and down over time, but let's just say it stays at 5%. That means the carry cost of the public debt of a couple decades will be 5 trillion a year. The interest okay. It's staggering. That's almost as much as the whole federal budget is spending this today at, you know, about 6.6 6.7 trillion. So that's where we're heading, a massive debt crisis because they built in a structural deficit that the politicians and I call it the unite party.   David Stockman (00:23:33) - They fight about silly things, but they agree on the big things which are leading to this outcome. The unit party has no ability to do anything about this structural deficit or the march from the 34 trillion that we're at today to 60 trillion by the end of the decade, and 100 trillion of public debt by mid-century. Now, for a real estate investor, that's probably the most important number you're going to hear. You know, at least this week or maybe this month or even this year, because what it means is that the amount of new government debt flowing into the bond pits, that'll have to be financed and that can't be monetized by the fed anymore because there's too much inflation, is going to put constant, enormous pressure upward on interest rates. And of course, higher interest rates mean lower property values. That's just basic real estate math. That's the environment we're heading into, which means good properties with good income and good rental flows are really the only way to go.   Keith Weinhold (00:24:55) - Yeah, well, there's an awful lot there.   Keith Weinhold (00:24:57) - And with this persistent higher inflation that you expect, the way I think about it is the higher the rate of inflation, the more that moves a person's dollars out of a savings account and instead out onto the risk curve. Well, David alluded to a problematic economy. We're going to come back and talk about more of those warning signs and what you can do about it. You're listening to Get Resuscitation, the father of Reaganomics and Ronald Reagan's budget director, David Stockman, I'm your host, Keith Reinhold. Role under this specific expert with income property, you need Ridge Lending Group and MLS for 256 injury history from beginners to veterans. They provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's. Start your pre-qualification and chat with President Charlie Ridge. Personally, they'll even customize a plan tailored to you for growing your portfolio. Start at Ridge Lending group.com Ridge lending group.com.   Speaker 7 (00:26:06) - This is author Jim Rickards. Listen to get Rich education with Keith Reinhold and don't quit your day dream.   Keith Weinhold (00:26:23) - Welcome back to Get Ready. So we're talking with the father of Reaganomics. His name is David Stockman, President Reagan's budget advisor. David, you've been talking about a problematic economy and places we can look and the outcomes that that can create. Why don't we talk about some more of those where we're here in a period where we feel like it's an official recession postponed, for example, are there other places that we should be looking? Is it the sustained inverted yield curve that we had for almost two years, the longest one ever, and a Great Recession predictor? Or is it that we're on the precipice of implosion from a debt to GDP ratio that's at 122%. It actually spiked to 133% when Covid first hit. Or for example, is it something and you've already touched on it a bit, is it more of that federal spending on our debts, interest payments alone each year, which had almost $900 billion for that interest line item that now even exceeds the massive $800 billion that we spend each year on national defense, or should we be looking at somewhere else? So what's out there that's really problematic and what's overblown?   David Stockman (00:27:28) - Okay.   David Stockman (00:27:29) - That's great. And all of those things you mentioned you should be looking at, it depends on your time frame. But I think on the initial question, where is this postponed recession? Why hasn't that happened? The place to look is somewhere that I think most Wall Street analysts aren't focused on, but they should be. And that's a series published by the Federal Reserve that tracks household balance sheets, in other words, liabilities and assets. But there's a particular series that I think is critically important to look at, and it's basically bank deposits, checking account savings accounts plus money market funds. This is all the liquid cash accounts of the household sector, not long term investments in real estate or stocks or bonds, but the short term money. It's the spendable money that households have now, what happened during the pandemic and lockdowns. And then the 6 trillion Is stems that were injected into the economy, like some kind of fiscal madness was going on in Washington, created a total aberration in the amount of cash in the economy, in the household sector, in these accounts that I just mentioned, normally right before the lockdown started and the stimulus was injected, you know, the level of cash accounts was about 12 trillion.   David Stockman (00:29:00) - Within two years it was up to 18 trillion. And normally that cash balance grows about the same rate as the economy. In other words, as incomes go up, people save a small share of their income that goes into various bank accounts. There tends to be a lock step relationship. But what happened during that two year period was there was so much extra cash sent out to the households with the $2,000 checks in the $600 a week extra stimulus money, and then the, trillions that went, you know, for things like the Small Business Administration loan program, which was all forgivable, was about almost upwards of $1 trillion. You know, we could itemize all the others. But this enormous government, unusual cash flow into the economy added to these bank accounts enormously. And then something else happened. The geniuses in Washington, led by Doctor Fauci, decided to shut down half of the service sector, the economy. I'm talking with restaurants and bars and gyms, malls and movies and and all the rest of it.   David Stockman (00:30:09) - So all of a sudden, the normal money that people would have been spending on the service venues, which is a big part of total spending, was stopped. It was kind of forced into artificial savings, sort of government mandated savings. Now, if you put the two together, there was about 2 trillion, extra transfer payments sent out to the public during that two year period. And there was a little over a trillion of normal service spending, restaurants in, etc. that didn't happen because there was a closed sign on the door, compliments of Doctor Fauci, or people were scared to death to go out because, you know, they created all this fear that Covid was some form of black death, which it really wasn't for 95% of the population. In any event, if you put the extra free stuff from the government, 2 trillion and the for savings because of these lockdowns, trillion, you have 3 trillion of unusual cash that flowed into the economy on top of the normal production. Income and profits and spending that would have otherwise gone on.   David Stockman (00:31:26) - Now that 3 trillion temporarily ended up in this account, that I'm just talking about the cash balances of the household sector and its peak, there was about 2.8 trillion extra compared to what would been be the normal case in a regular economy. In a normal economy, that money has been slowly spent down by the household sector, even as the fed has tried to put the screws to the economy. In other words, there was so much extra cash in the system that even as the fed raised interest rates from 0 to 5% and did their darndest to slow things down, all of that excess that was built up during the pandemic period was available to spend. It was spent. And here's the key point. About half of it is now been spent. In other words, there's only about a trillion and a half of the nearest 3 trillion left. Now that is what's delayed the recession. If that big, massive 3 trillion nest egg had been there and the fed began to push rates up as it normally did in a normal cycle, we would have been in recession months ago.   David Stockman (00:32:41) - But what has delayed or deferred the recession is this, cushion, this huge macro piggybank of cash that the government inadvertently or adversely is the case may be generated, during the pandemic period. So that's new. See that? Nobody looks at that because normally it's not a factor. You know, the cash balances are a pretty, prosaic, neutral part of the economy. They're not where you look for the leading edge of where the cycle was going or where new developments may turn up tomorrow. But this time, because of this total aberration of what happened to government transfer payments plus the lockdowns, we have a, X factor, let's call it in the macro picture that is confusing people. It's leading a lot of people to abdicate this no landing scenario. In other words, you know, there's not going to be a recession. We're just going to go on to bigger and better things. And, the fed will get inflation under control and then we can be back to happy times again. No, they're missing.   David Stockman (00:33:56) - The elephant in the room is this massive aberrational unusual one time cash balance that was, generated by these policies. And that still has a little ways to go now. I think at the rate it's being run down, you can almost calculate it a couple hundred billion dollars, a quarter sometime next year, all of that extra cash will be out of the system. And then people will be back to spending only what they're earning. And frankly, earnings they're not. I'm talking about wage and salary earnings, are advancing barely at the inflation rate at the present time. So when we get back to about zero real growth in earnings, we're going to finally see the recession.   Keith Weinhold (00:34:45) - I think one of the big takeaways here is that all these artificial economic injections really take time to unwind.   David Stockman (00:34:56) - Exactly. You have to look at, you know, they always say, well, when the government changes policy, fiscal policy, you tighten or you loosen or monetary policy they raise or lower interest rates. They got QE or they got cute putting money in or taking money out that there's lag and lead times in all of this.   David Stockman (00:35:18) - The problem is, none of the great economic gurus who talk about this really know whether the lag time is 12 months, 25 months, 50 or 5, and it varies. I mean, the circumstance has changed so much in a world GDP of 104 trillion, a domestic economy with 28 trillion of GDP, and all the complex factors that are moving back and forth in today's world, especially as it's enabled by technology and global trade and the internet and all the rest of it, nobody knows the lag times. And as a result, it's very hard to predict when the, brown stuff is going to hit the fan, so to speak. On the other hand, you don't have to know the exact date. You really need to understand the direction, the flow of things. And if you're in an environment that isn't sustainable because you're borrowing like crazy or interest rates or artificially. Low or stock price multiples are way the L2 ie or cap rates on real estate or you know, abnormally low. Then what you have to say is we're going to a different state.   David Stockman (00:36:35) - It's not going to be as conducive as the current state, and we have to be prepared for it, even if we are not sure whether that's 12 months from now or 24 months. But it's going to change. So one thing you can be sure of, there is a famous economist back in my day when I worked on Capitol Hill earlier on, he was Nixon's chief economic adviser in the early 70s. And he famously formulated an aphorism, I guess, which said anything that is unsustainable tends to stop. Okay, that's what I know about the lag times. We're in unsustainable financial, fiscal and monetary environment. And the trends that it has given rise to are going to stop and and not in a good way.   Keith Weinhold (00:37:24) - He even fed Chair Jerome Powell has confessed as much as that. This situation is indeed unsustainable, the exact word that he used. Well, David, this has been great in winding down as Ronald Reagan's budget director. Can you share any anecdote, story or quote from you spending time personally with Ronald Reagan? And the reason I ask is because he is perhaps the most revered president of the past few generations.   Keith Weinhold (00:37:52) - That might mean a lot to our listeners here.   David Stockman (00:37:54) - He should be revered, and not only because he was a great president and a great communicator, and did a lot of important things in policy. Some of them got implemented, and a lot of them were frustrated by Washington and the politicians and the Democrats and everybody else. But also, he was a great human being. And my story about that was when I was budget director, in the fifth year of the Reagan administration, we had our first child, and my wife was in the hospital. At that point in time, President Reagan was in Europe on a very important big international, series of meetings. But, somebody in the white House told him that our daughter had been born. And so he took the time out of his schedule for a call from Germany, the hospital where my wife was, and said he would like to talk to her and, congratulate us on our new arrival. But my wife was in a room with another, a new mother.   David Stockman (00:38:53) - She the other person answered the phone and she said to my wife, there's some joker on the phone with President Reagan. And sure enough, he was there. and he took the time to congratulate my wife. And, so that's the kind of, person he was. He really was a great human being.   Keith Weinhold (00:39:13) - Wow. Yeah. That really shows that he can still be warm and heartfelt, even while doing some key international negotiations there. Potentially. Well, we mentioned it earlier. I can tell you, the audience, that David is a regular author and contributor to his Contra Corner blog and letter, and you can get access to that for free. This is information coming from the father of Reaganomics to you. If you think you would find it a value. David, tell us how our audience can connect with you there.   David Stockman (00:39:44) - Just Google David Stockman Contra corner I publish, I have a website, issues a newsletter every day. It comes automatically in the email. I also have a Substack version. You can sign up for either one, the email from my site or from Substack.   David Stockman (00:40:02) - And every day we try to publish something on these issues that we've been talking about. One day it might be Wall Street, another day it might be Capitol Hill, another day it might be, you know, the war in Ukraine. All of these things matter. All of these things influence the environment that investors have to function in. So we try to comment on a variety of those issues based on, you know, the long experience that I've had, both not only in Washington, but also I was on Wall Street, for about 20 years. I was one of the founding partners of Blackstone, for instance. And we were in the real estate business in a major way, even then.   Keith Weinhold (00:40:44) - Well, we absolutely love that. And I sure am appreciative of your time. It was great connecting with you. And thanks for being on the program today, David.   David Stockman (00:40:53) - Very good. Enjoyed it.   Keith Weinhold (00:41:01) - Yeah. Deep insights from the father of Reaganomics. Stockman thinks we'll be struggling with inflation for years to come.   Keith Weinhold (00:41:08) - There won't be rate cuts for a long time. He sees real estate values as flat or declining, so have good tenants with steady income streams. Of course, in our favoured real estate segment here, residential 1 to 4 units where you can get 30 year fixed rate debt. Higher mortgage rates tend to correlate with higher prices, just like it has for the last three years and almost every period before that too. But there could be more pain for the commercial sector then, and assets that are tied to floating rate debt. And if you're aligned with David Stockman on that, you might want to look at your helocs, because after a fixed rate period, their rates tend to float along with the fed funds rate. So be cautious with Helocs and ask David for specifics. He doesn't see the federal funds rate coming down below 5% anytime soon, and you probably know that is the interest rate that a whole bunch of other interest rates are based off of. And that rate is currently at about 5.3%. By the way, there is projected to be more than 100 t more than $100 trillion of public debt before the middle of this century.   Keith Weinhold (00:42:22) - That's less than 25 years away. I mean, these figures just become unfathomable sometimes. Pandemic wrought inflation that really occurred due to this greater supply of dollars that was introduced chasing a reduced supply of goods. And there were fewer goods because people got paid to stay at home not producing anything. Plus, what had been produced often could not be shipped either. David discussed the 16% trimmed mean CPI, and I've got to say, as much as I am a student devotee in studying inflation, I had never heard of that from his vantage point to find recession signs, look at household balance sheets and what's delayed the recession is that those pandemic measures put an extra 3 trillion bucks into households, and households still have about 1.5 trillion left to spend, which could further delay a recession. He projects that it's sometime next year that all of that extra cash will be out of the system. When you talk to how many people got this recession predictions so horribly wrong? Back in October 2022, Bloomberg Economics forecast a 100% chance of a recession by the following fall, which is almost a year ago now.   Keith Weinhold (00:43:48) - Well, a 100% chance that left no room for anything else to happen. And they really whiffed on that one. Now, you know, I've got to add something here. A personal note if I can, but I'll give you a lesson along with it. And that is that at times like today, where I found myself one degree of separation from one of the most revered presidents in all of American history, I sometimes have some difficulty understanding how I keep having the opportunity to share time with people like today's guest. Now, I'm certainly not a PhD economist. And in fact, on the flip side, I've also never been a person that's been so poor and destitute that I was dying of hunger. But I do come from a modest place. When I flew the coop and left my parents home, I rented my first pathetic place to live a $325 a month pool house in the back of my landlord's property at 852 Spruce Avenue in Westchester, Pennsylvania. Yeah, a pathetic little pool house right next to the landlord's swimming pool.   Keith Weinhold (00:45:04) - I mean, I was living really pathetically there for a while as I was struggling just to do things like find gainful employment and figure out the world and find a steady income. Yeah, it was 325 a month plus electric and the one small heater that was there, it was electric and it was really expensive to run. And on the coldest days, it wouldn't even adequately heat my pathetic little pool house that I ended up living in for 18 months. And just because I couldn't figure a way out of that situation for a while, I mean, I was too ashamed to ever bring a girl back there to that sad pool house. It was just one sink for the whole place. Combined kitchen and bathroom sink in the bathroom. I mean, most of my friends, they got their driver's license at age 16 and they soon had their own car. I didn't own a car until I was aged 22 or 23, and it's not because I lived in an urban area and walked. Everywhere use public transit there in Pennsylvania.   Keith Weinhold (00:46:02) - It just took me a long time to afford a beater car and pay for insurance. I really needed a car and couldn't afford one. So really my point here is that sometimes I have to wonder how I got here from there. And I think what it is is taking an interest in real estate and investing. And despite just having a humble bachelor's degree in geography, it's really about becoming an autodidact, meaning self-taught. And it's easy to teach yourself when you find what interests you. And let me point to two other things besides adopting an auto didactic ethic to help me turn the corner into being in a place where I can have conversations like the one that I've had today. It was getting around aspirational friends. Like I've mentioned before, that showed me how I can start with a bang buy with little money. On my first home, I could put a 3.5% down payment on a fourplex, live in one unit and rent out the other three. And I will give myself some credit for doing those things. And then really, the third thing is that stroke of luck element, like just 4% of world inhabitants have been.   Keith Weinhold (00:47:15) - I was one of that 4% that was born in the United States. And then I had two great, married, stable, supportive parents to cultivate the right environment for me. And well, today was just one of those days where I sort of nudged myself and I'm glad that it happened. Most importantly, I trust that you got value from today's show and that you do every single week here. Check out David Stockman's Contra Corner. Next week, we'll look for signs of distress in real estate as we delve inside the foreclosure market and how you can find discounted deals there. Until then, Idaho's Keith Wayne hold don't quit your day trip.   Speaker 8 (00:48:02) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get Rich education LLC exclusively. The.   Keith Weinhold (00:48:30) - The preceding program was brought to you by your home for wealth building.   Keith Weinhold (00:48:34) - Get rich education.com.

We zoom in on the Mecklenburg County proposed budget, including why leaders are asking for a tax increase.

How Gov. Newsom wants to close the state's budget shortfall. Also, upcoming updates to Sacramento International Airport. Finally, the Strawberry Music Festival in Grass Valley. Unpacking California's May Revise The State Legislature has until June 15 to pass a balanced budget. On Friday, Gov. Gavin Newsom put forward his revised budget - commonly known as the May Revise. Joining us to discuss the governor's fiscal priorities and strategy to close an estimated $56 billion over the next two fiscal years is Scott Graves, the Budget Director at the California Budget & Policy Center. We are also joined by Wayne Winegarden, a Senior Fellow of Business and Economics at the Pacific Research Institute. Updates to Sacramento International Airport is preparing for a busy travel future, recently announcing new destinations and working on a number of new infrastructure upgrades - from a new parking garage to updated local dining options. Stephen Clark is the Deputy Director of Airport Commercial Development at SMF and joins Insight with an update on the airport's push to increase its nonstop flights, as well as the new projects meant to improve the traveling experience. Strawberry Music Festival One of the jammiest music festivals in the country returns to Grass Valley over Memorial Day Weekend. All-female bluegrass band Big Richard is one of the headliners at the 72nd Strawberry Music Festival and they join emcee Rita Hosking to talk about what makes playing this family-friendly campout so special.

It's local budget season in D.C. But don't let your eyes glaze over quite yet! D.C.'s mayor has proposed a bunch of cuts to fix a $700 million deficit. Her budget director, Jenny Reed, is here to walk us through their proposal and how we got here.  Vote for us as your favorite local podcast in Washington City Paper! Want some more DC news? Then make sure to sign up for our morning newsletter Hey DC. You can also become a member, with ad-free listening, for as little as $8 a month. Interested in advertising with City Cast? Find more info HERE And we'd love to feature you on the show! Share your DC-related thoughts, hopes, and frustrations with us in a voicemail by calling 202-642-2654. Learn more about your ad choices. Visit megaphone.fm/adchoices

May 2, 2024 - New York State Budget Director Blake Washington discusses the recently adopted state budget, including the MCO tax, financial transparency, and education aid.

Whit Ayres, founder and president of North Star Opinion Research, has been a leading GOP pollster for more than 30 years. First a high school teacher then an academic, he cut his political teeth as state Budget Director for South Carolina Governor Carroll Campbell. As a pollster, upset Senate victories for Georgia Senator Paul Coverdell in 1992 and Tennessee Senator Bill Frist in 1994 put Whit and his firm on the map. And since then he's worked for some of the biggest names in GOP politics: Strom Thurmond, Lamar Alexander, Marco Rubio, Bob Corker, Lindsey Graham, Ron DeSantis, among others. In this conversation, Whit talks his path to politics, favorite campaign stories, most famous clients, best polling practices, thoughts on the trajectory of the GOP and much more.IN THIS EPISODEWhit's interest in politics sparks in an Ames, Iowa high school classroom...The "searing experience" that influenced him in 1970s Berlin...What Whit learned teaching 8th grade public school for three years...Whit's gets his start in politics working for future South Carolina Governor Carroll Campbell...How a vetoed pay raise encouraged Whit to take up political polling...Whit's first big client, Paul Coverdell, wins an upset Georgia Senate race in 1992...Whit's role in Lamar Alexander's insurgent 1996 GOP Presidential Primary campaign...Whit helps re-elect South Carolina Senator Strom Thurmond at age 94 to his last term in the Senate...Whit polls for Marco Rubio's underdog first US Senate race in 2010 over Florida Governor Charlie Crist...Whit talks his role working for Ron DeSantis in 2018...and his take on the DeSantis 2024 presidential...Whit remembers the 1994 Bill Frist upset Senate win in Tennessee...Whit's take on the evolution of the GOP over the last decade...Whit on what makes for an effective pollster...Whit talks his time as active airplane pilot...AND academic towns, ballistic donors, Bob Barr, the Bernoulli Principle, bionic men, Brexit, Pat Buchanan, William Jennings Bryan, Checkpoint Charlie, Chris Christie, Bill Clinton, commuting marriages, Bob Corker, Steph Curry, Davidson College, Bob Dole, Mr. Enquist, flaming underdogs, Wyche Fowler, Cheryl Glenn, hail fellow well mets, Alex Haley, Nikki Haley, Tom Ingram, Dan Judy, Ted Kennedy, Rush Limbaugh, Huey Long, Dick Lugar, mainframe computers, Jon McHenry, Mike Murphy, Barack Obama, plaid work shirts, Adam Putnam, Dick Riley, Ronald Reagan, Jim Sasser, Floyd Spence, the Tea Party, totalitarian regimes, Donald Trump, two scrubs, Vanderbilt Hospital, George Wallace, Susie Wiles, Joe Wilson, & more!

(Mar 6, 2024) St. Lawrence County's only assisted living facility is closing. The closure will strain the country's overburdened elder care system; forest rangers in the Adirondacks spent Saturday night on two separate rescues; Gov. Hochul's budget director left open the possibility that an extra $1 billion in tax collections could help reduce cuts to school budgets; Champlain Valley chef Curtiss Hemm shares one of his favorite recipes as we head into maple syrup season - maple teriyaki salmon!

November 6, 2023 - State Budget Director Blake Washington visits the studio to discuss the mid-year financial plan update, including what it says about future budget deficits, spending on Medicaid costs, and future decreases in federal aid.

Budget Director Annette Guzman brought up the reserve funds when asked where Mayor Brandon Johnson would turn first if the $150 million Johnson has earmarked for the care and feeding of asylum-seekers in 2024 runs out. “The city has put forth a budget that includes the money that we are willing to contribute to this. But the city does have reserves and things like that, which we do not want to use because it does support other things within the city's operations,” Guzman told the Sun-Times.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, we're continuing our pattern of inquiry with active members of the HSD community. Our special guest is Stacy Becker. Stacy Becker is in the process of launching a consulting practice, "Third Horizon," aimed at helping leaders solve complex problems.  Her previous consulting experience included projects addressing long-term care financing; affordable housing; early childhood education; and employee health.  As Vice President for the Rippel Foundation, she authored and presented a paper on financing population health to the National Academies of Sciences, Engineering and Medicine, and co-wrote "Beyond the Grant" a financing workbook used by America's Essential Hospitals and the National League of Cities, among others. Prior to consulting, Stacy served as the Public Works Director the the City of Saint Paul, and as Budget Director for the the City and County of San Francisco as well as the City of Saint Paul. Stacy has an MPP from Harvard and an MSc from the London School of Economics, which she attended as a Bush Leadership Fellow.   --- Send in a voice message: https://podcasters.spotify.com/pod/show/hsdpatterns-possibilities/message

Adam Barsky is the New York Power Authority's Executive Vice President and Chief Financial Officer, he joined the Power Authority in 2019. He is an accomplished senior executive who brings more than 30 years of dedicated experience in management, finance and public policy.Adam previously served as Chief of Staff and Special Counselor at the Port Authority of NY and NJ. Prior to that he served as Executive Vice President and Chief Risk Officer of IDB bank NY from 2006 to the 2017. In that senior role, he oversaw all aspects of risk management for the bank including credit, market and operational risk, and strategic and reputation risk.Adam has held numerous positions in state and local government including Deputy Secretary to the Governor of New York for Public Authorities, Financing and Housing and New York City Issues.Before that, he served as Budget Director and Chief Financial Officer of the City of New York and as Director of the Mayor's Office of Operations. Adam also worked as Chairman of the New York City Employees Retirement System, Chairman of the New York City Transitional Finance Authority, and Chairman of the NYC Municipal Water Finance Authority, Acting Commissioner of the New York City Department of Finance, and Chief Financial Officer and Chief Operating Officer of the New York City Economic Development Corporation.

$4.3 billion is the Adams' Administration's estimate of the cost to house and provide services to asylum seekers this and next year. But that is only a small portion of the City's fiscal challenges. NYC Budget Director Jacques Jiha joined the CBC to discuss the fiscal year 2024 Executive Budget, negotiations with the City Council, future budget gaps, efforts to improve the City's management and more.

Honolulu Budget and Fiscal Services Director Andy Kawano joined the Honolulu Star-Advertiser's “Spotlight Hawaii” livestream show today and answered viewer questions. This series shines a spotlight on issues affecting the Hawaiian Islands. #Hawaii #HINews #StarAdvertiser More from the Honolulu Star-Advertiser: Subscribe to our YouTube channel: https://808ne.ws/2Ww2WXN Website: https://staradvertiser.com Coronavirus coverage: https://staradvertiser.com/coronavirus Email newsletters: https://808ne.ws/newsletters Facebook: https://facebook.com/staradvertiser Twitter: https://twitter.com/staradvertiser Instagram: https://instagram.com/staradvertiser LinkedIn: https://linkedin.com/company/honolulu-star-advertiser

On this week's episode of 'The Sunday Show with Jonathan Capehart': President Biden averted a catastrophic national default by signing the bipartisan debt ceiling agreement into law. Office of Management and Budget Director, and one of the deal's negotiators, Shalanda Young joins Jonathan Capehart to discuss how the historic agreement was made. Also, legal correspondent for Slate Dahlia Lithwick breaks down which high-profile cases she is watching as the current SCOTUS term ends this month. And Mike Pence and Chris Christie prepare to join a crowded 2024 field for the Republican Presidential nomination. All that and more on this week's episode of 'The Sunday Show with Jonathan Capehart. 

After high school, guest Michael Anderson was wrestling whether he wanted to arrive at college as a Michael or Mike. It became a moot point after his Boy Scout qualities were immortalized a nickname given to him in orientation: Ranger. Known thusly ever since, Ranger soaked up the experiences of college and yet didn't leave with a clear path in mind. Early jobs in Boston were of the "work to live" sort, providing him enough structure and income to allow him to concentrate being in the moment with friends, a marker of achievement at the time. Recognizing he wasn't enjoying his work, he decided to pack it in for home in Chicago and press reset. After some soul searching he realized he was interested in urban planning and public policy and went back to graduate school.An early position in municipal planning led him to understand that many of the ways his hands were tied at the local level came from decisions made at the federal level. So he headed to Washington and landed in the Department of Commerce, where he would ultimately spend his career in various analyst and budget director roles. When he realized that the pendulum of achievement had shifted too far to the career and too far from other markers of a well-lived life, he decided he needed to refocus once more. Making some major adjustments later in life, he found what achievement looks like changes as life experiences and circumstances change as well.In this episode find out from Ranger how the desire to make a difference can remain strong even as the scope changes from the wider world to the world within your own four walls. About This Episode's GuestFormer Boy Scout Michael 'Ranger' Anderson has a master's degree in urban planning and public policy. He is a long-time budget director within the U.S. Department of Commerce, currently working within the International Trade Administration. He lives in Fairfax County with his wife and pandemic baby. Luckily, Ranger has the balance necessary to be there for them.  For another story about discerning a truer source of personal achievement, listen to our episode with John Strayer.Find more episodes at https://roadstakenshow.comExecutive Producer/Host: Leslie Jennings RowleyMusic: Brian BurrowsEmail the show at RoadsTakenShow@gmail.com

Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.  On this edition, Joe speaks with: Maya MacGuineas, President of the Committee for a Responsible Federal Budget, on Speaker McCarthy's budget plan Bloomberg Politics Contributor Jeanne Sheehan Zaino and Rick Davis on the debt ceiling Mick Mulvaney, former-Budget Director, currently co-chair at Actum global consultants, on budget talks Mike Dorning, Bloomberg News White House editor, on Trump and DeSantis attack ads See omnystudio.com/listener for privacy information.

$227 billion is the size of the NYS FY 2024 Executive Budget. The State's finances are in a precarious state, with the economy uncertain and the budget going from riches to rags. There is an $8 billion surplus this year, but outyear gaps of over $7 billion and a $12 billion structural gap. Joining the podcast is NYS Budget Director Robert Megna, who was appointed only 10 days prior to this recording and has returned to the role he held from 2009-2015.

Our top story -- US Senator Mitt Romney -- in a heated exchange with President Biden's Budget Director over Social Security and the political war waging about what to do with a program ensnared in a massive math problem.  IKE EJIOCHI ABC NEWS CORRESPONDENT, WASHINGTON  joins the show to share the latest. See omnystudio.com/listener for privacy information.

Episode 1: Technology Made to Scale, Charging for Crying, and The Present State of A.I.On episode 1 of the FinTech Flo, Mike and Drew tackle industry news from the start of 2023, including the software upgrade transitioning process, ChatGPT and AI, FTX and the world of audit. They also commentate on a Reddit post and several Memes that have circulated the accounting and tech industries. At the end, they decide whether the last couple weeks have led to the elevation of the profession, and what the key takeaways are.About the HostsMike Whitmire (inactive CPA)Mike Whitmire is the CEO at FloQast, a leading provider of accounting workflow automation, which he co-founded in 2013. As an executive, Mike puts innovation, results, and a bit of fun at the forefront of the organization. After graduating from Syracuse University with a bachelor's degree in accounting, he spent time as an auditor and accountant with experience at Ernst and Young and Cornerstone OnDemand where he helped facilitate an IPO. Outside of his roles within the accounting industry, Mike is also a published author on Amazon's Best Seller List for his book, “Controller's Code: The Secret Formula to a Successful Career in Finance.'. Mike's dedication to providing the best product available continues to guide FloQast while he works to address some of the outdated and less-favorable narratives that have surrounded the accounting industry for years.Drew Carrick, CPADrew Carrick is the Producer at FloQast Studios, utilizing his unique blend of accounting and entertainment experience to develop, produce, and host an assortment of business industry content, from thought leadership insights to comedy sketches. After earning his B.S. in Accounting and MBA in Marketing from Mount St. Mary's University, where he was Accounting Club president, he took his passion for content creation and business and formed his personal brand: The Rapping CPA. While working for Grant Thornton, his “Public Accounting Anthem” music video blew up in the accounting industry and resulted in a variety of thought leadership speaking and hosting opportunities. He then spent two years as Budget Director of Long Island University, before eventually make his way to LA to consult on PBC, and eventually joining FloQast full time.About the ShowTechnology in the finance sector is rapidly growing, particularly when it comes to how business leaders and entrepreneurs integrate new information system developments into their operations. In this podcast, FloQast CEO Mike Whitmire (inactive CPA) and Producer Drew Carrick, CPA (The Rapping CPA) co-host a bi-monthly diThere's lots you can do in your career with an accounting background - we're hiring! Learn more at www.floqast.com/careers Want to watch? Head over to www.youtube.com/floqast Produced by @FloQastStudioshttps://www.instagram.com/floqaststudios https://www.twitter.com/floqaststudios

Bloomberg White House Reporter Josh Wingrove explains what Budget Director Shalanda Young had to say and what's at stake.

We are in a unique period of time with the economy. We know something is going to declare itself soon enough but have no idea when or what it will look like. This time it's not just the contrarians. Everyone is predicting some kind of trouble in the coming months ranging from a mild recession (Biden) to […] The post 350: Reagan's Budget Director Forecasts Rocky Roads Ahead appeared first on Wealth Formula.

"The current 'Money Bubble' has been brewing for more than thirty years and is ready to pop." So said David Stockman, today's guest on The Two Mikes. Mr. Stockman was President Reagan's Budget Director and is a renowned financial and monetary expert. Since the end of Mr. Reagan's presidency the increase in America's total national debt -- which includes public and private debt -- has risen from nine trillion dollars to today's total of 91 trillion dollars. The fault for this disaster lays squarely at the door of the Federal Reserve and its leaders, men and women who have monetized the debt since the Reagan era, thereby changing from its fairly constricted duties stated in its original charter to a "rogue government" that sees itself as a "monetary central planning authority". Mr. Stockman said that among politicians and the Federal Reserves' leaders and staff there is an "enormous stupidity" that has abandoned tried-and-true free-market economics, they become raging advocates of never-has-worked Keynesianism, as shown by the FED's recent statement that it does not know what to do about inflation save to keep raising interest rates. Mr. Stockman also said that the federal government's eager infusion of six trillion dollars into the economy -- along with $880 billion in so-called "loans" in the PPP program, of which 750 billion was forgiven -- only helped to further distort the economy, and, in reality, was really "hush money" paid because the government and the Federal Reserve quickly recognized that their ludicrous lockdown of the economy, businesses large and small, and schools was quickly creating a monetary, social, and societal collapse, one that continues expanding. Mr. Stockman's most recent book is The Great Money Bubble: Protect Yourself from the Coming Inflation Storm. It is published by Humanix Books and is available at Amazon and many other outlets. Sponsors CARES Act Stimulus (COVID-19) Employee Retention Tax Credits (ERC): https://www.jornscpa.com/snap/?refid=11454757 Cambridge Credit: https://www.cambridge-credit.org/twomikes/ EMP Shield: https://www.empshield.com/?coupon=twomikes Our Gold Guy: https://www.ourgoldguy.com www.TwoMikes.us

Historian Benjamin Hunnicutt has called the push for more free time the “forgotten American dream"; but somewhere along the way the pursuit of that happiness was replaced by the idea that work and wealth are ends in themselves. This week, we're imagining the utopian and dystopian futures of work. • Brooklyn, USA is produced by Emily Boghossian, Shirin Barghi, Charlie Hoxie, Khyriel Palmer, and Mayumi Sato. If you have something to say and want us to share it on the show, here's how you can send us a message: https://bit.ly/2Z3pfaW• Thank you to Alisha Bhagat, Muhammad Floyd, Rob Cameron, Brad Parks, James Earl King, Carlos Luis Delgado, Christopher Lazariuk, and the Kaleidocast podcast.• LINKSAssemblymember Kenny Burgos was born and lives in the Bronx, New York. Assemblymember Burgos graduated from the Bronx High School of Science and received his Bachelor's Degree in Economics from the University at Albany. He has worked as a Deputy Chief of Staff and Budget Director on the New York City Council.Alex Soojung-Kim Pang is the global programs and research manager for 4 Day Week Global, a nonprofit devoted to advancing the 4-day week. He also offers keynotes about deliberate rest through his own company, Strategy and Rest. Alex's work has been written about in the New York Times, the New Yorker, the Financial Times, the Guardian, and other venues. Alex is the author of four books, including SHORTER: WORK BETTER, SMARTER, AND LESS– HERE'S HOW (US | UK); REST: WHY YOU GET MORE DONE WHEN YOU WORK LESS (US | UK); and THE DISTRACTION ADDICTION (US).Together, these books have been translated into more than a dozen languages. His op-eds and articles have appeared in The Wall Street Journal, The Guardian, the South China Morning Post, and many other venues.Ashley Nelson is the Communications Director at the International Coalition of Sites of Conscience, a global network of over 300 historic sites, museums, and memory initiatives in more than 65 countries dedicated to remembering past struggles and addressing their contemporary legacies. In addition, Ashley has written on culture, politics and women for a variety of publications, including The New York Times, The Guardian, The Washington Post, and The Nation.Alisha Bhagat is a futurist focusing on the creative use of futures tools to impact long term positive change, particularly around social justice and equality. She utilizes systems thinking, mapping,and speculative futures to engage with stakeholders on strategic visions and the actions needed to achieve them. She has worked with public sector partners on topics such as the future of feminism, neo-nationalism, and the impact of COVID-19.Carlos Luis Delgado lives with his roommates and a large cat in Brooklyn, New York. He writes speculative fiction early in the morning before the cat wakes up to yowl for breakfast and edits other people's fiction at night after it's eaten dinner. In 2016 he won the People's Telly Award for Outstanding Comedic TV Writing. He holds a BA in English Literature from Rutgers University and wonders when he can let it go. Follow @Delgadowrites.Christopher Lazariuk is a writer, producer, creator, and sound designer seeking representation for his debut cli-fi thriller novel: THE PYRITE VICTORY. Christopher is a member of the Brooklyn speculative Fiction Writers group, and a contributor to the Kaleidocast Podcast.Rob Cameron is a teacher, linguist, and writer. He has poetry in Star*Line Poetry Magazine and The Magazine of Fantasy & Science Fiction. His essays and short fiction have appeared in Foreign Policy Magazine, Tor.com, the New Modality, Solarpunk Magazine, and Clockwork Phoenix Five. His debut middle grade novel Daydreamer is forthcoming from Labyrinth Road, Summer '24. Rob is also lead organizer for the Brooklyn Speculative Fiction Writers, a guest host and curator for the New York Review of Science Fiction Reading Series, and executive producer of Kaleidocast. Follow @cprwords.The Kaleidocast podcast is an audio literary magazine with a mission to showcase new voices in speculative fiction alongside stories from today's top writers. The show was created to improve the writing of active Brooklyn Speculative Fiction Writers members by motivating them towards a tangible goal: Write at a professional level. The show is in its 4th season, and has recently partnered with the Octavia Project to mentor girls and non-binary youth: https://www.kaleidocast.nyc/post/octaviaprojectmentorship. Please support the Kaleidocast's Patreon: https://www.patreon.com/kaleidocastnyc.Muhammad Floyd is an accomplished self-starter with a wide skillset focused on start-to-finish photo/video production from setup to post. Muhammad is adept at photography, camerawork, lighting, and sound, with deep technical knowledge of Canon, Sony, Panasonic, and Blackmagic hardware. He is an end-to-end specialist well-versed in motion graphics, color grading, and other post-production techniques dedicated to delivering under budget and ahead of schedule, while always adhering to the client's vision.• MUSIC and CLIPSThis episode featured clips from the BBC series “Tomorrow's World”, ABC News, Business Insider, and “From the Archives (1966): Issues and Answers with Richard Nixon”. This episode featured music from freesound, setuniman, danjfilms, and podcastac. It also featured Harry Partch's “Delusion of Fury”, used by permission of Innova Recordings and the Harry Partch Foundation.• TRANSCRIPT: ~coming soon~• Follow us on Twitter and Instagram @BRICTV Visit us online at bricartsmedia.org/Brooklyn-USA

Russ Vought is the former Budget Director under Trump. He covers a wide array of topics from the Inflation Reduction Act to STOPPING the spread of Critical Race Theory. Kurt Schlichter is a trial attorney, retired Army colonel, and best-selling author. He says the decline of America under Joe Biden is NOT irreversible—we really can Make America Great Again. David and Teesha Laflin have spoken and performed at over 2000 events. Their captivating presentations are a blend of clean humor, inspiring messages, and cutting-edge illusions. As a young man, Hal Lansky, delivered clothing to Graceland for Elvis Presley to wear. Today he carries on the Lansky Bros. LEGACY that is still operating today. Former lead guitarist for Elvis, James Burton, ANALYZES the new Elvis movie and performs an Elvis HIT alongside The Imperials. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last Monday, we talked here on Midday about a proposal by a coalition called Renew Baltimore to have voters approve two charter amendments that would dictate a dramatic reduction in the property tax rate in Baltimore city. The proposal would reduce the rate by 44% over a period of six years, from 2.248% to 1.25% per $100,000 of value. The property tax rate in the city of Baltimore is roughly twice as high as any other jurisdiction in MD. For decades, candidates for public office in the city have feigned interest in reducing taxes for homeowners and businesses, and some modest reductions have taken place from time to time. Renew Baltimore thinks that decisive, dramatic action is needed, and they want to enshrine it in the city charter so the annual reductions can't be reversed by whomever happens to be in elected office at the time. Last week, Tom spoke with Andre Davis, a former federal judge and Baltimore Solicitor, and the economist Anirban Basu, the CEO of the Sage Policy Group, who are members of the Renew Baltimore Coalition. They spoke in favor of the proposal. They have been collecting signatures on a petition to bring the matter to referendum in November. They need to collect 10,000 signatures. The deadline for that effort is today (Monday, August 1). We'd like to continue that conversation today on Midday with two people who oppose the specific plan put forth by Renew Baltimore. Robert Cenname is the Budget Director of Baltimore City… Matt Gallagher is the former Chief of Staff for Gov. Martin O'Malley. He's the President of the Goldseker Foundation... They both join Tom in Studio A..See omnystudio.com/listener for privacy information.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Grover Norquist, Americans for Tax Reform PresidentTopic: Child Tax Credit of up to $3,600 per child, Biden's nominee for Budget Director and how this impacts taxesSee omnystudio.com/listener for privacy information.

placemakingpodcast@gmail.com Facebook-f Twitter Linkedin Hello and welcome everyone! Thank you for joining the show! There is a lot great information to learn in this episode, so stay tuned!Today on the show, I have David Leininger who is a Strategic Advisor of Sasaki & Associates & Founder of Leininger Analytics. His insight into Transit-Oriented and Transit-Adjacent developments are second to none. David has experience in both the public and private sectors. He has worked as the EVP and CFO of Dallas Area Rapid Transit, Budget Director at the City of Dallas, CFO of the City of Irving, and also nearly 25 years in the private sector working on large-scale real estate development projects. Needless to say, he brings a wealth of knowledge on this subject.On top of his current roles as Strategic Advisor of Sasaki & Associates and Founder of Leininger Analytics, he also serves on the Transit-Oriented Development (TOD) Product council and DFW TOD Product Council for the Urban Land Institute (ULI).In this episode, we are going to unpack the real differences between transit-oriented development (TOD) and transit-adjacent development (TAD). We will be discussing some of the many benefits that come from the introduction of TOD's. We will then finish up by looking at the future of these type of developments and transit in general. As always, if you have enjoyed the show, please subscribe to the show and share with your friends. There will be more exciting conversations on the show to come.So without further ado, let's start the show!For the Show Notes on this episode, Please see the "Members Only" section of the website.Link to Leininger Analytics: https://www.leiningeranalytics.com/