Podcasts about federal deficit

Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news equity markets have cancelled yesterday's relief rally.But first in the US, initial jobless claims rose last week to 215,000, +7.7% higher than the week before, but identical to the same week a year ago. There are now just under 2 mln people on these benefits, up slightly from the 1.93 mln a year ago.US CPI inflation fell to 2.4% in March, its lowest level since February 2021. Because this was data taken before the tariff chaos, it seems this may be the low point for the foreseeable future. Food was up +3.0% and rents were up +4.0%. Medical care was up +3.0%. However petrol prices restrained the overall rises, down -9.8%. Very low oil prices will keep a lid on the total even if other living costs rise much faster.Today's UST 30 yr bond auction was well supported, but the median yield came in at 4.73%, up from 4.56% at the equivalent event a month ago.The US government reported a budget deficit of -US$161 bln in March, a -32% decrease from the previous year, largely due to a calendar shift in benefit payments. Despite this monthly decline, the broader fiscal picture remains concerning, with the US Treasury reporting a -US$1.3 tln deficit for the first half of fiscal 2025, a +23% rise from the previous year. This marks the second highest deficit for the first six months of any fiscal year, trailing only the -US$1.7 tln gap in fiscal 2021. Tax cuts for the rich in this environment looks exceedingly irresponsible, especially if the tax rises on consumers via tariffs don't raise the outlandish sums forecasted.Just how damaged the US government agencies have become, Musk's DOGE fired all the safety regulators that oversaw Tesla.The April USDA WASDE report out overnight shows that US corn inventories are lower than expected. Beef exports are expected to fall on retaliatory tariff actions against the US and beef imports are expected to be lower too for the same tariff reason. The net result seen in lower prices for US producers. Lower prices for US milk producers too as exports shrink. US farmers will be net losers from the tariff hostilities.Across the Pacific, Japanese producer inflation is rising, now its highest since mid-2023. Producer prices there rose +4.2% in March from the same month a year ago, above market estimates of 3.9%. It was their 49th straight month of producer inflation, with cost rising further for most components.Taiwanese exports surged again in March, up +18.6% from a year ago and a record high for any month. A +8.5% rise was expected. That is two consecutive months of outsized expansion. April tariff actions may well affect this impressive result going forward, but if US customers have no alternative sources, the tariff taxes will fall on the buyer.In China, they not only have to fight off the US tariff policies, they have a resurgence of domestic deflation issues. Their March CPI fell -0.1% when a +0.1% was anticipated. Their PPI fell -2.5% when a -2.3% retreat was anticipated. On the consumer price front, food prices are -0.6% lower than a year ago, of which beef prices fell -10.8% and lamb -5.4%. Milk prices fell -1.7% on the same basis. They want to shift to a consumer-based society, but in the meantime their existing export sector is going to take major hits which will affect consumption, and there seems little upside to consumer demand in the current circumstances. Their "over-capacity" is going to expose them. You wonder if they have any more appetite for capitalism's "creative destruction" than Western economies, who have proven to have virtually none.And staying in China, Beijing's drive to turn its economy into a consumption-led one relies of Chinese consumers spending and buying. But the evidence is that they are as spooked by the trade war as anyone and have turned consumption-shy.In March Australian inflation expectations fell to 3.6%, a four year low. But in April they jumped back up to 4.2% underscoring the ongoing uncertainty surrounding their domestic economic outlook and inflation trajectory in the face of fallout from the tariff war. Given they have both a jobs, and an inflation mandate, the RBA is in for a tricky period ahead with its policy choices.Container freight rates rose +3% in the past week to be -23% lower than a year ago. Basically trans-Pacific rates firmed slightly while trans-Atlantic rates eased. Bulk freight rates fell a very sharp -21% in the past week to be -20% lower than year ago levels.The UST 10yr yield is now at 4.40%, unchanged from this time yesterday.Wall Street is currently down -3.4% on the S&P500 in its Thursday trade as the tariff-pause relief rally runs out of puff in the face of realities and reverses. The price of gold will start today at just on US$3162/oz, and up another +US$92 from yesterday.Oil prices have fallen -US$2 from yesterday to be just under US$60/bbl in the US and the international Brent price is now just on US$63/bbl.The Kiwi dollar is now at 57.4 USc, up +120 bps from yesterday at this time and a three week high. Against the Aussie we are up +30 bps at 92.4 AUc. Against the euro we up +20 bps from yesterday at just on 51.3 euro cents. That all means our TWI-5 starts today now just under 66.5 and up +70 bps from yesterday.The bitcoin price starts today at US$79,207 and falling, and down -2.4% from this time yesterday. Volatility over the past 24 hours has been moderate at +/- 2.8%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

This is a topic concerning the federal deficit and I lend a solution

Hosts: Erin Rider and Guest Host Jason Perry  As President Trump has taken office and began working on his agenda, one question has been brought up several times, especially by very conservative members of the Republican Party: how will these decisions affect the national debt? Mike Murphy, Senior Vice President at the Committee for a Responsible Federal Budget joined the program before the inauguration; he joins us again to update his predictions. 

Two thirds of respondents in a new US poll believe incoming President Donald Trump won't be able to trim the federal budget deficit as pledged in his campaign. The deficit sits at $1.8 trillion. In the same poll, 61% of respondents think China will continue to increase its world power, while just 23% are expecting a year of political cooperation. US correspondent Richard Arnold tells Tim Beveridge “you might say the summary is ‘challenges ahead'.” Meanwhile, two arms of Trump's Republican support are engaged in a blistering battle over empowering skilled foreign workers. Richard Arnold tells Tim Beveridge Elon Musk says he will go to war on the issue of allowing skilled workers to enter the US. Musk supports the entry of workers with skills critical to the tech industry. Plus, details of the funeral for former President Jimmy Carter reveal honours with span several days. LISTEN ABOVE See omnystudio.com/listener for privacy information.

GUEST: Andrey Pavlov, Professor of Finance at Simon Fraser University's Beedie School of Business Learn more about your ad choices. Visit megaphone.fm/adchoices

Freeland drops a bomb. Does Justin Trudeau survive? GUEST: Ian Bailey, reporter with The Globe and Mail's Ottawa Bureau Canada's massive federal deficit: How did we get into this mess? GUEST: Andrey Pavlov, Professor of Finance at Simon Fraser University's Beedie School of Business From Bitcoin to climate change: Vancouver City Hall in 2024 GUEST: Kareem Allam, Former chief of staff for Mayor Ken Sim and Campaign Manager, Partner at Fairview Strategies Are the wheels finally off the Liberal bus? GUEST: Warren Kinsella, Toronto-based lawyer, author and consultant, former special assistant to Prime Minister Jean Chretien What is the price of a Christmas dinner in 2024? GUEST: Sylvain Charlebois, Director of the Agri-Food Analytics Lab at Dalhousie University Learn more about your ad choices. Visit megaphone.fm/adchoices

If you thought federal deficits and spending would go back to normal after the covid panic, you were wrong. If anything, deficits are now on track to be bigger than the covid years.Be sure to follow the Loot and Lobby podcast at Mises.org/LL

TT Eliminating the Federal Deficit: We can't just cut the waste, fraud and abuse in our government. We need to start eliminating entire government agencies. We should sell the 620 million acres of land and 8,000 office buildings that the government owns. We could have a far stronger national defense, with a much lower budget, if we were more strategic. We need to stop giving handouts and bailouts to both the citizens and the large corporations. Our government would be much more efficient if we set up the right incentives for the people working in it. Lastly, if we establish sound money and end the Federal Reserve, we could create the greatest economy we have ever had. This country was built on private property rights, personal freedoms and “liberty and justice for all.” That is what allowed us to grow into the greatest nation on earth. It is time to Make America Great Again! www.RealPowerFamily.com Info@ClearSkyTrainer.com 833-Be-Do-Have (833-233-6428)

This week, not only are we going to talk about America's insane national debt and federal budget deficit, but we're also going to try to do it without depressing everybody. In this episode, we dive into causes of the rising deficit, potential consequences, and how it could impact our lives. Wish us luck!   Money Insights is a strategic planning firm that is founded on the principle that "off-the-shelf" products and solutions often do not meet the needs of high-income earners. The Money Insights team works to collaboratively design customized financial solutions that will leave a lasting impact on each of their unique clients.   Visit Money Insights and take the Investor Quiz at https://moneyinsightsgroup.com ! Listen to the Money Insights podcast on Spotify, Apple Podcasts, or at https://moneyinsightsgroup.com/podcast

With the presidential election less than a week away, I know many folks are feeling like the present is on pause while we're waiting on some important answers about the future.  Matt Wilson, Keen Wealth's Chief Investment Officer and President, analyzed the latest data surrounding the election, the health of the economy, and the early outlook for 2025 in his recent 2024 Q4 Market Update Webinar. Today we're going to discuss some follow-up questions from webinar attendees that should provide a little more clarity about the relationship between your short-term and long-term financial planning. 

A Donald Trump presidency could be worse for the federal budget than a Harris presidency, according to a new report from the Committee For a Responsible Federal Budget. Either way the election goes, CNBC's Eamon Javers says the deficit will grow. CNBC's Steve Liesman considers why neither politicians nor the broader public seem to care about America's soaring debt, and shares his concerns about the deficit's economic impact. A week out from election day, Axios co-founder Mike Allen says the MAGA-World is confident. While the election seems like a coin flip, it could end up a landslide for either candidate. Plus, Trump Media shares surged and Washington Post owner Jeff Bezos published an op-ed defending the newspaper's decision against endorsing a presidential candidate this election cycle. Mike Allen - 30:35 In this episode:Mike Allen, @mikeallenEamon Javers, @EamonJaversSteve Liesman, @steveliesmanBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

Traditional companies (such as oil, telecom, and automotive) are being disrupted by companies like Amazon, Nvidia, and Tesla, positioning individuals like Elon Musk, Jensen Huang, and Jeff Bezos to become the world's first trillionaires. This shift in wealth concentration poses significant challenges in society due to its magnitude and implications. The pace of technological advances in AI and computing is exponential compared to past industrial revolutions, and most cannot grasp the implications these advances will ultimately have. One insight rarely discussed due to regulatory constraints is the direct correlation between the rising U.S. federal deficit and the stock market's trajectory. Host Jack Russo and Pat Duke explore the backgrounds of today's billionaires, inherited wealth, and the “Overton window” spectrum of acceptability.   Encore Edition   Jack Russo Managing Partner Jrusso@computerlaw.com www.computerlaw.com https://www.linkedin.com/in/jackrusso "Every Entrepreneur Imagines a Better World"®️  

Episode 427: Neal and Toby explain how the Federal Deficit hit $1.8 trillion. Then, two pioneers in AI received the Nobel Prize in physics for their groundbreaking work in building the technology as we know it today. Next, short sellers are accusing Roblox of inflating their user metrics and woefully allowing disturbing content on its platform that violate child safety laws. Plus, an HBO documentary promises to reveal the identity of Bitcoin's inventor. Something others that have tried but failed. Is this the real deal? Meanwhile, Uber has launched a slew of products that allow riders to hail EV-only cars and take a shuttle from Manhattan to LaGuardia Airport for only $18. Lastly, the popular Halloween chain, Spirit Halloween, is expanding into the white Winter Wonderland with a new store, Spirit Christmas.  00:00 - Hurricane Milton update 2:45 - US deficit hits $1.8T 8:10 - Godfather of AI gets a Nobel Prize 12:00 - Roblox is hot water 18:00 - Will the real Bitcoin inventor please stand up? 22:10 - Cheap rides from NYC to LGA? 26:00 - Spirit Halloween turns to Spirit Christmas Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. To learn more about how Wise could work for your business, visit https://wise.com/business/  Join us at our trivia night! Visit morningbrew.com/events to register  Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316  Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Strategies such as bundling policies, increasing deductibles, and exploring discounts for safety features or claims-free history can lead to substantial savings. Today's Stocks & Topics: FRO - Frontline PLC, Market Wrap, Required Minimum Distributions (RMDs), How to Save Big on Homeowners Insurance, WFC - Wells Fargo & Co., How to Invest, The Dollar, LEU - Centrus Energy Corp., IIPR - Innovative Industrial Properties Inc., CIVI - Civitas Resources Inc., Federal Deficit.Our Sponsors:* Check out PrizePicks: https://prizepicks.onelink.me/LME0/INVESTAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

By incorporating brokerage accounts, health savings accounts (HSAs), and other options, you can enhance tax efficiency and gain more control over your withdrawals.(This approach helps mitigate future tax burdens and provides greater flexibility in managing your retirement funds.)Also in this podcast: NVR - NVR Inc. (NYS); AMPH - Amphastar Pharmaceuticals Inc. (NAS); MU - Micron Technology Inc. (NAS); NXRT - NexPoint Residential Trust Inc. (NYS); FANG - Diamondback Energy Inc. (NAS); HII - Huntington Ingalls Industries Inc. (NYS); and a caller question asking about the best way to set-up a college funding mechanism-- for a newborn; also, Justin's MARKET WRAP UP, plus his topic talking points: "Federal Deficit" and "Mid Cap Stocks".Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Join Governor and Kendel Ehrlich for a rapid-fire discussion on trending topics making headlines this week. 

Mike Armstrong and Paul Lane discuss why voters have possibly moved past caring about the Federal deficit. Home buyers eye Cape Cod's risky oceanfront. Can free rent revive downtown San Francisco? Gen X retirement plans look shaky. Its the American Dream still alive? Your local malls will have a new anchor coming soon.

Traditional companies (such as oil, telecom, and automotive) are being disrupted by companies like Amazon, Nvidia, and Tesla, positioning individuals like Elon Musk, Jensen Huang, and Jeff Bezos to become the world's first trillionaires. This shift in wealth concentration poses significant challenges in society due to its magnitude and implications. The pace of technological advances in AI and computing is exponential compared to past industrial revolutions, and most cannot grasp the implications these advances will ultimately have. One insight rarely discussed due to regulatory constraints is the direct correlation between the rising U.S. federal deficit and the stock market's trajectory. Host Jack Russo and Pat Duke explore the backgrounds of today's billionaires, inherited wealth, and the “Overton window” spectrum of acceptability.   Jack Russo Managing Partner Jrusso@computerlaw.com www.computerlaw.com https://www.linkedin.com/in/jackrusso "Every Entrepreneur Imagines a Better World"®️  

Join Mike Maharrey and Tom DiLorenzo, as they discuss the real beneficiaries of all of the inflation continually created by the Federal Reserve, how our monetary policy harms savers and the elderly and also why gold and silver should be viewed not necessarily as an investment but more as insurance, and why everyone should own this financial insurance. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

On a special episode of the American Compass Podcast, progressive Representative Ro Khanna and Republican Chairman of the House Budget Committee Jodey Arrington each join Oren Cass to discuss plausible approaches to the federal deficit and what serious fiscal responsibility would look like given political realities within each of their parties.For more, check out the American Compass Collection on the budget: Return of the Fiscal Conservatives.

Join Antony Davies, director of economic and financial research at CFC, as he explores the complex balancing act between the options.Contact the Economic & Market Watch team at economicresearch@nrucfc.coop.

April 15, 2024Season 6 | Episode 14Unravel the intricacies of a world where finance and global politics collide head-on, and discover how they shape our investment decisions. As the ticking clock counts down to the April 15th tax deadline, we're here to arm you with the insights you need to navigate the murky waters of tax filings, extensions, and last-minute IRA contributions. But that's just the tip of the iceberg. The financial markets are reeling from underwhelming bank earnings and volatile market trends, all while the specter of geopolitical unrest looms large over the Middle East and Ukraine, threatening to further destabilize an already fragile economic equilibrium.With Keith by my side, we dissect the week's financial tumults and triumphs, analyzing everything from the unexpected bond yield spike to the ebbs and flows of stock market giants like Cisco and Goldman Sachs. We don't sugarcoat the setbacks, addressing Apple's logistical nightmares and the metals market's tremors in the wake of Russian sanctions. And as the geopolitical chess game intensifies, we scrutinize Israel's strategic posturing, the economic ramifications of Bitcoin halving, and the simmering political tensions back home as Trump voices his stance on Ukrainian aid. It's a whirlwind tour of the financial landscape, peppered with expert insights, designed to equip you with the knowledge to make informed choices in these unpredictable times.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern

Why are churches breaking apart? Luggage in the news. Why we can't clear out the homeless. Time to give a crap about the deficit.

The Federal Deficit is on the rise, can we stop it, or slow it down? Dr. Paul discuses with special guest Phillip Patrick.

In this episode of The Optimistic American, Paul Johnson reviews the second republican debate. He shares how Independent and unaffiliated voters will determine the next President and how they view the major talking points from the debate. Paul starts by describing how the second republican debate will affect Independent voters. The effect of Independent voters' impact on primaries are not easy to poll. According to Paul's background in presidential campaigns, Independent voters will determine the winner in the New Hampshire, and the debate will undoubtedly shape their opinions.  The debate at the Reagan Library raised Ronald Reagan's unique qualities that set him apart from other presidents. Paul goes through critical points from the debate and how each contestant addressed the controversial issues plaguing America today. Some of the main topics covered include: The Federal Deficit. Former New Jersey Governor Chris Christie said his top priority would be to rein in federal spending. Growing Powers of the Presidency. Mike Pence critiqued Donald Trump's new plan to centralize power in the Presidency if he wins, and shared his thoughts on why we should not increase the power of the presidency; instead make the federal government smaller. Child Care. Tim Scott talks about the ever-increasing childcare costs and how lowering taxes will mean Americans will have more in their pockets to take care of their families. The Ukraine Issue. Arguably the most important question asked in the debate. The presidential candidates showed a deep divide over America's involvement in the war. Supporters of Ukraine included Christie, Halley and Pense. Opponents included DeSantis and Ramaswamy. Abortion Rights. The pro-life and pro-choice debate was another controversial issue regarding being 100% pro life versus finding middle ground.  Paul believes this will be crucial in swaying the independent voters. Paul supported Halley's position on fixing healthcare in America until we figure out how to reduce claims costs. In healthcare, there is no better way to do that than the private sector route. If allowed to do so, the private sector can do a better job of cutting claims costs than the government. The candidates discussed whether AI technology is good or bad for Americans. Paul explains that although AI technology may have some risks, it's a much bigger risk if we allow China to get AI technology before we do. For Paul, the clear winners from the debate were Governor Nikki Haley and former New Jersey Governor Chris Christie. Both had a solid performance and will undoubtedly see their numbers grow.     Mentioned in This Episode: optamerican.com Addictive Ideologies: Finding Meaning and Agency When Politics Fail You by Dr Emily Bashah and Hon Paul Johnson The Optimistic American on YouTube - @optamerican Become a premium supporter of the show: OptAmerican.com/premium Optimistic American Worksheet Downloads - OptAmerican.com/worksheets Dr. Emily Bashah A Nation of Victims: The Decay of the American Character by Charles J. Sykes

Let’s say your family is making $85K a year… but you spend $122K a year… that’s what our federal government is doing as the federal deficit just hit $2T dollars… Dave and Marty discuss this issue, what the democrats and republicans both want, and why this is the reason there is no Speaker of the House today

Tommy talks with Marc Goldwein, Senior Vice President and policy director for the Committee for a Responsible Federal Budget

In this episode, Scott discusses the federal deficit and the importance of getting spending under control.

In an idealized world of medical practice, you would go to the doctor, describe a few symptoms, undergo a few tests and then listen carefully to the doctor's diagnosis, prognosis and prescription. The diagnosis might well be due to something entirely out of your control and the prescription would often be a pharmaceutical. However, very frequently, the prescription would be in the form of advice on life-style changes. In an idealized world, you would take that advice and implement it.

Tom and Andy discuss the ongoing crime wave in the Twin Cities and a report that indicates the US governments deficit this year will likely be twice as large as the 2022 deficit.

On Episode 15 of the D.C. Debrief, host John Stolnis speaks with Marc Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget about this year's federal deficit expected to grow by two trillion dollars this year. Also, the Senate returns as battles over spending on Ukraine, natural disasters and avoiding a government shutdown loom, North Korea and Russia appear to be talking about an arms deal, and a record sentence is handed down for a January 6th defendant.

Mike talks about the price of oil and rent control and laws.See omnystudio.com/listener for privacy information.

Join economic expert John Suter, Vice President of Economic Research at CFC, for his unique and easily digestible perspective on what you need to know.

Steven Abramowicz CEO & Editor in Chief of the Mill Creek View newspaper & host of the Mill Creek View Tennessee podcast. 1.) Federal deficit hit $1.6 trillion in first 10 months of FY23, more than double last year's shortfall 2.) Two Buyers of Hunter Biden's Art Have Been Unmasked, Despite Attempts to Keep Their Names Secret 3.) This Steams My Clams: Ivermectin Is Suddenly OK for COVID?

This week on Facing the Future, we get an update from Concord Coalition policy director Tori Gorman and chief economist Steve Robinson on the latest economic news plus the looming Congressional battle over appropriations bills for the next fiscal year. No agreement by the end of the current fiscal year on September 30th could force a partial government shutdown. Plus, we visit New Hampshire Boys State where a group of high school students were engaged in serious policy debates over how to reduce the federal deficit over the next 10 years as they took on the Principles and Priorities budget exercise.

This week on Facing the Future, we get an update from Concord Coalition policy director Tori Gorman and chief economist Steve Robinson on the latest economic news plus the looming Congressional battle over appropriations bills for the next fiscal year. No agreement by the end of the current fiscal year on September 30th could force a partial government shutdown. Plus, we visit New Hampshire Boys State where a group of high school students were engaged in serious policy debates over how to reduce the federal deficit over the next 10 years as they took on the Principles and Priorities budget exercise.

Our episode today comes from our most recent panel discussion titled "Modern Money & Public Policy – Should we worry about the Federal Deficit?". Our panel discussed the role debt plays within the economy and why it shouldn't be such a daunting subject. Do deficits really matter? Are they as poignant as they are made out to be? This talk explores how money works as a function within the economy. If you've ever wondered what the term Modern Monetary Theory meant, this is the podcast for you. Our talk is hosted by our Director of Education, Ibrahim Drame, who is joined by James Keenan, Adam Rice, and Ryan Benincasa. To check out more of our content, including our research and policy tools, visit our website: https://www.hgsss.org/

Meredith Smith and Judy Vorndran host Wendy Walker, a Solution Principal at Sovos, in the latest episode of the SALTovation podcast. They discuss the Inflation Reduction Act, which provided the IRS with $80 billion to upgrade the taxpayer experience. The recent Taxpayer Advocate Report to Congress, however, revealed that the IRS is short-staffed and underfunded, resulting in a surge of unanswered phone calls and delayed correspondence, which is causing a rising federal deficit. Wendy and Meredith suggest potential solutions for the IRS, such as acquiring funding to improve their service and transitioning from conventional communication methods to modern ones. Topics discussed in this episode:What is the Inflation Reduction Act?IRS Funding and Taxpayer Experience ImprovementPotential Improvements for IRS: Modernization What You Will Learn:7:53 IRS Focus on Digital Asset Reporting, Modernization, and Tax Literacy15:00 Benefits of the Child Tax Credit and Taxpayer Education Efforts16:04 IRS Funding for Pre-Filing Services, Education, and Taxpayer AdvocacyQuotables:“In 2020, the Taxpayer Advocate Report to Congress indicated that the third most serious problem that the IRS faced is that they are significantly underfunded to service taxpayers and collect tax. The report cited that they're unable to answer millions of taxpayer phone calls, they're unable to process timely correspondence, and that our federal deficit continues to grow as a result of that underfunding.” -Wendy Walker [00:55]“How many people want to do a job that feels like everybody's mad at you? Right. How do you encourage a culture that takes care of these people who are trying to care for the people? So we have to make it like, less adversarial, but then also generate those people to come in.” -Judy Vorndran [07:09]“99% of the revenues that our federal government operates on get collected by the IRS. So you would think that we would be more concerned with ensuring they had the funds and the people right to make sure those systems can do that efficiently.” -Wendy Walker [07:53]“The IRS doesn't have funding to do any of that education outreach on their normal appropriations that they're given from Congress. So funding is important for the IRS to be able to bring things out of paper publications that are really hard to find and are buried and get them out onto the Internet leverage searches so that taxpayers can really take advantage of some education before filing.“ -Wendy Walker [16:47]

A massive winter storm causes travel chaos, the Federal Deficit hits a record-high, the CDC urges folks to bring back the facemask, a survey ranks the cleanest cities in the USA. Plus, the message of the day, how to slow down on Christmas weekend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Voters rank ‘Government' the biggest problem facing the nation, the Federal Deficit hits a record-high, Ron DeSantis targets pharmaceutical companies behind the Covid vax, New Zealand becomes the first country to ban cigarettes for the next generation. Plus, Bill's Message of the Day, why is Kamala Harris so unpopular? Learn more about your ad choices. Visit megaphone.fm/adchoices

Guest Hosts: Leah Murray and Marty Carpenter Right now, Congress is negotiating its end of the year spending package before the December 16th deadline. So, it's a good time to bring up Congress' spending problem and ballooning federal deficit. At our current rate... in 10 years the US will have more debt than it did after World War 2. Romina Boccia from the Cato Institute breaks down what we need to do to get our deficit under control. See omnystudio.com/listener for privacy information.

On today's Daily Signal Top News, we break down: Biden touts $1.4 trillion drop in federal budget deficitJustice Sotomayor compliments Justice ThomasTikTok denies using location data to track peopleJan. 6 Committee subpoenas Trump and sentences Steve Bannon Hosted on Acast. See acast.com/privacy for more information.

Tom and Andy talk about the growing urgency for the leaders of this country to tackle the gargantuan size of the federal government's budget deficits and the ever-growing federal debt.

The Federal Reserve has broken our American economy and I sit down with Chris Leonard to discuss his new book that details how our monetary system ended up here teetering on ruin. Chris is a New York Times best selling author and his new book The Lords of Easy Money: How the Federal Reserve Broke the American Economy is a "fascinating and propulsive story about the Federal Reserve" and how quantitative easing and political posturing have put America's monetary system in peril. I talked to Chris about how the United States Federal Reserve has printed an astronomical amount of money under FED Chairs Ben S. Bernanke, Janet Yellen, and Jerome Powell. We dig into why the Federal Reserve was originally created and how the institution has changed over the years to become, as meme lords would put it, the folks who make the "money printer go brrr". Chris offers his insights into why a crash is all but imminent for the American economy and what role inflation plays in accelerating this in 2022. See more

In this episode, Trishul and Aaron get wonky as they try to explain Modern Monetary Theory. They introduce the difference between monetary policy and fiscal policy. And they try to explain how fiat currency, currency issuers, national debt, federal deficits, and debt service are all related. They discuss Stephanie Kelton's new book, The Deficit Myth, and some of the concerns of MMT. If deficits are not inherently good or bad, do you trust Congress to spend your hard-earned money wisely?Episode ReferencesMMS #27. Can a Universal Basic Income really pay for itself?Investing Forever - One Lifetime of WealthAt War with the TruthU.S. Spending War on Terror Stands at 6 TrillionDo 70% of the Benefits of the Trump Tax Law Go to the Top 1%?Book Review of The Deficit MythReview of Stephanie Kelton's Deficit MythU.S. Debt ClockU.S. Deficit by Year7 Charts Showing that the Trumps Tax Cuts Are Not Economic Rocket FuelSocial Programs Can Sometimes Turn a Profit for TaxpayersThe Deficit Myth - by Stephanie KeltonGovernment Deficits vs. Private SectorStephanie Kelton - Twitter PagePodcast Description Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Featured Interview: Implications of record U.S. federal deficit -미국 연방 적자 GDP 초과 전망의 의미 Guest: Phil Smith, National Political Director, The Concord Coalition

National Debt is the Impending Crisis America Doesn't Want to Talk About (0:30)Guest: Mark Sanford, former Republican Congressman and South Carolina GovernorIn the last year, the US Government spent nearly one trillion dollars more than it brought it. That's what's known as the federal deficit, and it's been growing steadily for the last four years, even though the economy has been doing well. Normally, you'd expect to go deeper into debt during hard economic times. But the US Government is doing the opposite and Federal Reserve chair Jerome Powell recently warned the financial path we're on as a country is unsustainable. Mark Sanford calls it “the most predictable financial crisis in the history of man.” He's a Republican, a former Congressman and Governor from South Carolina. And he just ended what turned out to be a pretty short bid to challenge President Trump.  Retail Stores Aren't Dead, They're Just Different Now (21:04)Guest: Barbara Kahn, professor of marketing, Wharton School, University of Pennsylvania, author of “The Shopping Revolution: How Successful Retailers Win Customers in an Era of Endless Disruption” The biggest shopping season of the year is upon us. Will you battle the crowds on Black Friday or be at your computer early Monday snagging cyber-deals? Probably both because we shop in all the places now - websites, apps, stores. Catalogs are even making a comeback, which you know if your kids have been poring over the toy catalog Amazon sent out this year. An honest-to-goodness, glossy-paged magazine of toys for sale on Amazon. What will they think of next? Wharton School marketing professor Barbara Kahn has some ideas. She's author of The Shopping Revolution: How Successful Retailers Win Customers in an Era of Endless Disruption. Ask An Expert: Preparing a Great Thanksgiving Feast (35:47)Guest: Chef Todd Leonard, Associate Professor -- Culinary Arts, Utah Valley UniversityOur listeners have all sorts of Thanksgiving Dinner questions. Chef Leonard's answers provide some great ideas to help you create a wonderful Thanksgiving Dinner and still have a great time making it. Nonprofit Teaches Kids to Write and Produce Music in Exchange for Good Grades (51:11)Guest: Brandon Steppe, Founder and Executive Director at The David's Harp FoundationThere was a point about 15 years ago when Brandon Steppe set out to become a rapper and music producer. He even built a recording studio in his garage. And then a visit from a neighbor kid, changed everything. Today, Steppe runs a nonprofit called the David's Harp Foundation in San Diego. He mentors disadvantaged young people and gives them free access to his recording studio. But to earn studio time, kids have to get good grades.  This Thanksgiving, Rediscover How America's Indigenous People Ate Before the Colonists Came (1:10:38)Guest: Sean Sherman, Founder, CEO, The Sioux Chef, author of “The Sioux Chef's Indigenous Kitchen”Thanksgiving is a fraught holiday for many Native Americans. In Massachusetts at the site of the alleged First Thanksgiving, descendants of the indigenous people who were murdered and displaced by the Colonists mark the fourth Thursday of November as a “National Day of Mourning.” Many find the warm-fuzzy Pilgrims and Indians school pageants deeply offensive for perpetuating stereotypes and giving the impression that America's native inhabitants were treated well by European colonists. They were not. Is there a better way to think about Thanksgiving? Lakota Sioux Chef Sean Sherman has some ideas.  How Do Alternative Approaches to Grading Affect Learning? (1:27:35)Guest: Jesse Stommel, PhD, Senior Lecturer of digital studies and digital learning fellow at the University of Mary WashingtonStudents across the country are barreling toward final exams before the holiday break, hoping for As and Bs. In Jesse Stommel's courses at the University of Mary Washington, the students will be grading themselves. Stommel doesn't believe in giving letter grades and he's managed to avoid doing it the 20 years he's been a college professor. More high school and college professors are joining him, of late. Hear why Stommel is so committed to “ungrading.” 

Finance Minister Bill Morneau unveiled measures worth a projected $595 million over five years to support the struggling journalism industry during his fall fiscal outlook.Can the government do this without it looking like they're currying favour from the media?Guest: Paul Berton, editor-in-chief, The Hamilton Spectator-The federal deficit is growing larger but it wasn't mentioned in the government's economic outlook statement. Should we be concerned that there is no concrete plan to deal with it?Guest: Marvin Ryder, Business Professor, DeGroote School of Business, McMaster University-The Grey Cup is on Sunday! Scott is joined by Rick Zamperin, CHML senior sports director and host of the 5th Quarter, to chat about all things CFL.Guest: Rick Zamperin, senior sports director and host of the 5th Quarter on 900 CHML

Briefing.com's Chief Economist Dr Jeff Rosen talks the Federal Deficit, COLA, homebuilder's confidence & moreSee omnystudio.com/listener for privacy information.

"Rob Black & Your Money" - Radio Show October 21 - KDOW 1220 AM (7a-9a) Briefing.com's Chief Economist Dr Jeff Rosen talks the Federal Deficit, COLA, homebuilder's confidence & more. Other topics include Ferrari IPOSee omnystudio.com/listener for privacy information.