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We have a new Pope. He's an American and a progressive. Find the Popes in the pizza. The war between India and Pakistan is a big reason why we need to prioritize competent political leadership. Kash Patel was being a pissy pants in the Senate Budget Committee today. Donald withdrew Ed Martin's nomination to be US attorney in DC. The nonexistent trade deal with the UK. Tom Homan is deporting more US citizen children. Tom Homan or Tom Carvel? Donald says empty ports are a good thing. With Jody Hamilton, David Ferguson, music by Lucy and the Popsonics, River Whyless, and more!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Recent reports by the Senate Budget Committee and the Treasury found that climate change is already upending the US's home insurance industry.
Senate Bill 5978 could significantly raise property taxes in Washington, and tens of thousands of residents have voiced their opposition. Read more about the proposal and public reaction at https://www.clarkcountytoday.com/news/43153-people-sign-in-to-oppose-property-tax-increase-heard-monday-in-senate-budget-committee/ #ClarkCountyWa #localnews #SB5978 #propertytaxincrease #WashingtonSenate #JohnBraun
President Trump says FAA's DEI policies in hiring air traffic controllers could have led to deadly midair collision between Army helicopter and passenger plane over Potomac River; Senate confirmation hearings for DNI nominee Tulsi Gabbard, FBI Director Kash Patel and Health Secretary Robert F. Kennedy, Jr.; Senate Budget Committee approves OMB Director nominee Russell Vought with Republican votes after Democrats boycott. Learn more about your ad choices. Visit megaphone.fm/adchoices
OA1118 and T3BE56 - Russell Vought lied in his confirmation hearing, but who is Vought and why should we care? Lydia gets us up to speed on this capital-d Doozy, with his background, some highlights from his confirmation hearing, and the great reporting that lets us confidently state that he lied in his hearing with the Senate Budget Committee. Then Heather Varanini joins for the answer to T3BE question 55 and brand new question 56! Who Is Russell Vought? Probably the Most Important Person in Trump 2.0., New York Times Opinion “Put Them in Trauma”: Inside a Key MAGA Leader's Plans for a New Trump Agenda, ProPublica Undercover in Project 2025, Centre for Climate Reporting If you'd like to play along with T3BE, here's what to do: hop on Bluesky, follow Openargs, find the post that has this episode, and quote it with your answer! Or, go to our Subreddit and look for the appropriate t3BE posting. Or best of all, become a patron at patreon.com/law and play there!
House passes Laken Riley Act requiring detention of undocumented immigrants for theft-related crimes, sending it to President Trump; Senate does not advance a bill requiring doctors to provide medical care to an infant that survives an abortion; Speaker Johnson says he does not "second guess" President Trump's decision to pardon more than 1,500 January 6thrioters, including those who assaulted police; new allegations of abusive behavior by Defense Secretary nominee Pete Hegseth; Senate Transportation committee unanimously approves Sean Duffy to be Transportation Secretary; White House Budget Director nominee Russell Vought testifies before the Senate Budget Committee; Iran's Vice President says at the World Economic Forum, "I hope that this time around, a 'Trump 2' will be more serious, more focused, more realistic." Learn more about your ad choices. Visit megaphone.fm/adchoices
Make 2025 your year! Free 2-part Workshop to build 3 new habits January 3 and 10th – 12 Noon Eastern – 1 hour via Zoom Sign Up here _________________________ While we focus on the non-financial aspects of retirement here, your money clearly matters. With a new year around the corner we check back in with economist Larry Kotlikoff, author of Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, for his views on what may lie ahead, common mistakes to avoid with Social Security, how you can Maximize (Your) Social Security, why Roth IRA conversions make sense for many people and his retirement planning software MaxiFi. Larry Kotlikoff joins us from Rhode Island. _________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute. Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. Kotlikoff has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the Senate Budget Committee, the House Ways and Means Committee,
Senator Chris Gildon has been named the Republican leader on the Senate Ways and Means Committee. He plans to tackle the budget deficit with sustainable solutions while keeping taxpayers in mind. Read the full story at https://www.clarkcountytoday.com/news/gildon-becomes-top-republican-on-senate-budget-committee on www.ClarkCountyToday.com #SenateWaysAndMeansCommittee #SenChrisGildon #BudgetDeficit #TaxReforms #ClarkCounty #LocalNews
Stephanie Kelton is an American Economist, Academic, and a leading proponent of Modern Monetary Theory. She served as chief economist on the U.S. Senate Budget Committee in 2015, and POLITICO called her one of the 50 Most Influential Thinkers the year after. On this episode of 50 Fires, she joins Carl to share her own personal stories about money and discuss what it means to her. The conversation explores the themes of taking risks, learning how (and when) to say yes to opportunities, and the challenges of the current financial system. Despite these challenges, Stephanie remains optimistic and believes that there are better ways to build and improve on the system. Email List: Sign up at https://www.50fires.com/ for our monthly email with resources for financial advisors! Follow 50 Fires on Instagram: https://www.instagram.com/50firespod/ Please direct business inquires to: blindnilaudio@magnolia.com Cover Art: Josh Passler - TheFinArtist.com Music Credits: Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com Cody Francis / Wherever You're Going / courtesy of www.epidemicsound.com Learn more about your ad choices. Visit megaphone.fm/adchoices
How will the 2024 election affect the economy, the markets, the deficits, and your wallet? Our favorite economist is back on the podcast for a third time with his straightforward opinions! Bob Stein is the Deputy Chief Economist at First Trust Advisors, where he's responsible for commenting on and forecasting the U.S. economy. In this Off the Wall discussion, Bob shares his thoughts and predictions for the 2024 electoral races for the House, Senate and White House, and their impacts on the American people. Bob breaks down the scenarios and possible outcomes for the election, including what would happen in a parallel universe (thanks for the fun prompt, Dave). So, buckle up and get ready for some ponder-worthy possibilities! “As of today, the one thing I can tell you for sure is that my odds will change between now and Election Day, maybe multiple times, maybe by dinner tonight. But as of right now, I think Donald Trump has about a 60% chance of winning. Harris only 40.” – Bob Stein Episode Timeline/Key Highlights: [00:00] Introducing Bob Stein & the topic of today's episode. [02:28] What is the likely outcome of the House election and how will it impact the US economy? [04:06] Will Hakeem Jeffries become speaker of the House and a presidential candidate for 2028? [06:48] What is the likely outcome of the Senate election? What are the odds the Democrats take the Senate? [10:25] If Republicans take the Senate, what impact will it have on the economy, markets, deficit, and people's wallets? [11:31] Bob's predictions on the 2024 Presidential Election results. [15:06] If Trump or Harris won, how would it affect the economy, markets, deficits, and people's wallets? [18:33] If Harris won the election, would tax cuts get extended? [20:48] Potential outcomes of a red sweep, blue sweep, or divided government. [23:48] What are the realistic policies being supported by Trump and Harris? [29:06] Are there any policy ideas that the presidential candidates are putting forward that you think, if it's enacted, would be potentially harmful to the economy or the average American? [30:07] Potential changes to the Supreme Court after the election. [33:46] Low probability surprises we could see happen in the 2024 Presidential Election. Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures. Resources Mentioned: First Trust: https://www.ftportfolios.com Listen to our first episode with Bob (Predictions for the Economic & Political Landscape 2022): https://bit.ly/3fU48CH Listen to our last episode with Bob (2024 Presidential Election Predictions): https://bit.ly/bobstein2 Subscribe to our blog: https://bit.ly/MonumentWealthBlog Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered About Bob Stein: Bob is Deputy Chief Economist at First Trust Advisors, L.P., where he is responsible for forecasting the U.S. economy and writing economic commentaries. With Bob's projections, First Trust has won numerous awards for its economic forecasts, including being ranked #1 in the world by Consensus Economics for accurately predicting GDP growth and Consumer Price Inflation in the United States in 2022. In addition, First Trust is consistently ranked in the top five by Bloomberg for forecasting economic indicators. Bob has also won several Crystal Ball Awards from Zillow for forecasting home prices. Prior to joining First Trust in 2006, Bob was Assistant Secretary for Economic Policy at the U.S. Treasury Department. While there, Bob was responsible for briefing the Secretary of the Treasury on U.S. macroeconomic developments, formulating policy proposals, and helping generate the official economic forecast used by the President for budget proposals. Day to day, he led a team of twenty economists conducting in-depth economic analysis and research. Between 1996 and 2002, Bob was an economist on Capitol Hill, including the last two years (2001-02) as chief economist for the Senate Budget Committee. While on Capitol Hill, Bob also worked for the Senate Banking Committee and Joint Economic Committee. Prior to his tenure on Capitol Hill, Bob was an economic journalist for Investor's Business Daily. Bob received a BA in both Economics and Government from Georgetown University. He has been a CFA charter holder since 2003. Connect with Bob Stein on LinkedIn: https://www.linkedin.com/in/robert-stein-4234ba18 Follow him on X: https://x.com/BobStein_FT Connect with Monument Wealth Management: Visit our website: https://bit.ly/monumentwealthwebsite Follow us on Instagram: https://bit.ly/MonumentWealthIG Connect on LinkedIn: https://bit.ly/MonumentWealthLI Connect on Facebook: https://bit.ly/MonumentWealthFB Connect on YouTube: https://bit.ly/YouTubeMWMFit Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered About “Off the Wall”: OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about. Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.
Welcome to Health-e Law, Sheppard Mullin's podcast exploring the fascinating health tech topics and trends of the day. In this episode, Gregory Stein, Founder, Chief Executive Officer, and Director of Shadowbox, joins us to discuss how the 21st Century Cures Act could impact interplay within the healthcare industry, particularly interoperability as a means of addressing what has become, according to recent testimony before the U.S. Senate Budget Committee, a $950 billion administrative burden. What We Discussed in This Episode Why was Shadowbox founded, and how is its technology poised to impact the long tail of healthcare? How have the Cures Act and other recent regulations been a game changer? Where is the IT vendor industry headed in terms of adapting to the Cures Act requirements and interoperability? What are some existing disparities between those inside and outside the regulatory certified health IT framework that could create additional gaps in the industry and the ability to access quality care? Beyond the potential for catastrophic health consequences, what other gaps have arisen as the industry has continued to evolve? How should regulators go about addressing some of these gaps? About Gregory A. Stein Gregory A. Stein is the Founder, Chief Executive Officer, and Director of Shadowbox, a venture funded healthcare software company whose mission is to elevate patient care by making patient data easy to access and safe to share no matter where it resides. A former legislative aide on Capitol Hill, Greg was an original investor in Millennium Health and previously served as the company's Vice President of Strategic and Community Affairs, helping it grow to over 1,500 employees and $1.8BN in enterprise value. Beyond the boardroom, Greg has dedicated his career to community service. He co-founded the Safe Homes Coalition to battle prescription drug abuse and served as Chairman of the San Diego County Taxpayers Association for seven years, leading the charge for better government efficiency. About Sara Shanti A partner in the Corporate Practice Group in the Sheppard Mullin's Chicago office and co-lead of its Digital Health Team, Sara Shanti's practice sits at the forefront of healthcare technology by providing practical counsel on novel innovation and complex data privacy matters. Using her medical research background and HHS experience, Sara advises providers, payors, start-ups, technology companies, and their investors and stakeholders on digital healthcare and regulatory compliance matters, including artificial intelligence (AI), augmented and virtual reality (AR/VR), gamification, implantable and wearable devices, and telehealth. At the cutting edge of advising on "data as an asset" programming, Sara's practice supports investment in innovation and access to care initiatives, including mergers and acquisitions involving crucial, high-stakes and sensitive data, medical and wellness devices, and web-based applications and care. About Phil Kim A partner in the Corporate and Securities Practice Group in Sheppard Mullin's Dallas office and co-lead of its Digital Health Team, Phil Kim has a number of clients in digital health. He has assisted multinational technology companies entering the digital health space with various service and collaboration agreements for their wearable technology, along with global digital health companies bolstering their platform in the behavioral health space. He also assists public medical device, biotechnology, and pharmaceutical companies, as well as the investment banks that serve as underwriters in public securities offerings for those companies. Phil also assists various healthcare companies on transactional and regulatory matters. He counsels healthcare systems, hospitals, ambulatory surgery centers, physician groups, home health providers, and other healthcare companies on the buy- and sell-side of mergers and acquisitions, joint ventures, and operational matters, which include regulatory, licensure, contractual, and administrative issues. Phil regularly advises clients on matters related to healthcare compliance, including liability exposure, the Stark law, anti-kickback statutes, and HIPAA/HITECH privacy issues. He also provides counsel on state and federal laws, business structuring formation, employment issues, and involving government agencies, including state and federal agencies. Contact Info Gregory A. Stein Sara Shanti Phil Kim Resources Shadowbox Thank you for listening! Don't forget to SUBSCRIBE to the show to receive new episodes delivered straight to your podcast player every month. If you enjoyed this episode, please help us get the word out about this podcast. Rate and Review this show on Apple Podcasts, Amazon Music, or Spotify. It helps other listeners find this show. This podcast is for informational and educational purposes only. It is not to be construed as legal advice specific to your circumstances. If you need help with any legal matter, be sure to consult with an attorney regarding your specific needs.
WHRO chatted with Virginia Sen. Tim Kaine about the Senate Budget Committee hearing this week.
Trump is being investigated by the Senate Budget Committee because he's trying to sell America's energy policy for $1 billion to Big Oil at a recent fundraising dinner at Mar a Lago. Michael Popok examines the new investigation launched by Senator Whitehouse as the details of the smoke-filled backroom secret dinner become clear. Get up to 40% off for a limited time when you go to https://shopbeam.com/LEGALAF and use code LEGALAF at checkout! Visit https://meidastouch.com for more! Join us on Patreon: https://patreon.com/legalaf Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown Lights On with Jessica Denson: https://www.meidastouch.com/tag/lights-on-with-jessica-denson On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Learn more about your ad choices. Visit megaphone.fm/adchoices
Is 2024 the year of trust-busting? This bipartisan issue of small versus big is a fight taking place on the streets and in the federal and state courts; led by grassroots movements and consumer protest. The Biden administration has stepped up anti-trust action, but the number of merger filings is also up. What should we make of this moment? To help answer that question, Laura is joined by two experts on anti-trust action: Stacy Mitchell, Co-Executive Director of the Institute for Local Self-Reliance and Matt Stoller, author of “Goliath: The Hundred Year War Between Monopoly Power and Democracy” and publisher of the newsletter “BIG” on Substack. Mitchell has played a leading role in today's growing anti-monopoly movement and her work informed the Federal Trade Commission's antitrust lawsuit against Amazon in 2023. Stoller is the former policy advisor to the Senate Budget Committee and also worked for a member of the Financial Services Committee in the U.S. House of Representatives during the financial crisis. In this episode, they unpack how decades of corporate consolidation did not lead to cheaper prices, better service or more jobs, but instead worsened our local economies, the quality of our lives and democracy. How have people power and government action together brought about a shift? Is it real? Hear why one guest calls this moment a delayed policy reaction to the 2008 financial crisis, plus a commentary from Laura for tax day.“What we are seeing in this administration is we actually have people in place who are making huge change and are using the tools to the full extent that they have . . . There is a lot of grassroots support for the idea of dealing with corporate power. Everybody is feeling this . . .” - Stacy Mitchell“It's very clear that not having competition in these markets kills . . . In areas like hospices and elder care, dialysis or other parts of healthcare people die. And also in things like Boeing, people die.” - Matt StollerGuests:• Stacy Mitchell: Co-Executive Director, Institute for Local Self-Reliance• Matt Stoller: Research Director, American Economic Liberties Project; Publisher, BIG & Author, Goliath: The Hundred Year War Between Monopoly Power and Democracy Full Episode Notes are located HERE. They include related episodes, articles, and more.Music In the Middle: “Culture Today” by Edy Forey. the title track from their new album. And additional music included- "Steppin" by Podington Bear. Laura Flanders and Friends Crew: Laura Flanders, Sabrina Artel, David Neuman, Nat Needham, Rory O'Conner, Janet Hernandez, Sarah Miller and Jeannie Hopper, Nady Pina, Jordan Flaherty FOLLOW Laura Flanders and FriendsInstagram: https://www.instagram.com/lauraflandersandfriends/Twitter: https://twitter.com/LFAndFriendsFacebook: https://www.facebook.com/LauraFlandersAndFriends/Tiktok: https://www.tiktok.com/@lauraflandersandfriendsYouTube: https://www.youtube.com/channel/UCFLRxVeYcB1H7DbuYZQG-lgLinkedin: https://www.linkedin.com/company/lauraflandersandfriendsPatreon: https://www.patreon.com/lauraflandersandfriendsACCESSIBILITY - The broadcast edition of this episode is available with closed captioned by clicking here for our YouTube Channel
This week on Facing the Future we'll talk about the long drawn-out Fiscal Year 2024 appropriations process in Washington, which may be finally wrapping up in the next two weeks — or maybe not. With a partial shutdown looming on March 1st, we'll talk to Bill Hoagland, Senior Vice President of the Bipartisan Policy Center and former Republican staff director of the Senate Budget Committee.
This week on Facing the Future we'll talk about the long drawn-out Fiscal Year 2024 appropriations process in Washington, which may be finally wrapping up in the next two weeks — or maybe not. With a partial shutdown looming on March 1st, we'll talk to Bill Hoagland, Senior Vice President of the Bipartisan Policy Center and former Republican staff director of the Senate Budget Committee.
About the Speaker: Jim Carter is a Senior Fellow with the America First Policy Institute's Center for American Prosperity. Previously, as Director, he oversaw the Center's operations, including research and policy development impacting economic growth, tax and budget policy, regulation, trade, and labor productivity. For nearly a decade, Jim was Vice President of Government Affairs at Emerson, a diversified global manufacturing and technology company based in St. Louis, Missouri. In addition to managing Emerson's global, federal, and state government affairs, Mr. Carter's lobbying portfolio included tax policy, international trade, and management of the company's political action committee. Before joining Emerson, Mr. Carter served in the Bush and Clinton Administrations, as a senior staff member on the Senate Budget Committee, and as a policy advisor to former Senators John Ashcroft, Sam Brownback, and Connie Mack. Jim has served as a Deputy Undersecretary at the Department of Labor, a Deputy Assistant Secretary at the Department of Treasury, and Associate Director of the National Economic Council at the White House. While at the Treasury Department, he received the Secretary of the Treasury's “Exceptional Service Award” and a separate award for his work on behalf of the Jobs and Growth Tax Relief Reconciliation Act of 2003. Mr. Carter has been published more than 200 times on fiscal policy, economics, and other public policy matters for leading publications, including The Wall Street Journal, Forbes, Investor's Business Daily, Politico, The Hill, The Daily Caller, and USA Today. He is a frequent speaker, including as an adjunct professor at The George Washington University and as a lecturer in the Public Management program at Johns Hopkins University. Jim is a 2014 recipient of Johns Hopkins University's “Excellence in Teaching” award. He also appeared in season three of House of Cards, playing a U.S. senator. Jim recently served on the board of directors for both the Missouri Chamber of Commerce and the National Capital Chapter of the Alzheimer's Association. He is a former president of the Business-Government Relations Council, a non-profit organization that seeks to increase governmental awareness of the role of business in national affairs. He holds degrees from George Mason University and Truman State University.
01/19/24: Former U.S. Senator and Chairman of the Senate Budget Committee, Kent Conrad, joins Joel on "News and Views" to talk about Congress. In particular, their recent short-term funding extension and work on the southern border. See omnystudio.com/listener for privacy information.
On today's show, James Carter discusses sounding the alarm on our out-of-control federal debt. GUEST OVERVIEW: James Carter is from Kansas City, Missouri, and serves as a Senior Fellow in the Center for American Prosperity at AFPI (American Prosperity Foundation, Inc.). Previously, Jim was Vice President of Government Affairs at Emerson, a diversified global manufacturing and technology company. Mr. Carter also served in the Bush Administration, as a senior staff member on the Senate Budget Committee, and as an advisor to several U.S. senators. Jim has held senior roles at the Department of Labor, Department of Treasury, and the National Economic Council at the White House.
This week on Facing the Future our guests were former U.S. Senators, Kent Conrad (D-ND) and Rob Portman (R-OH). They have been lending their voices to the push for a new bipartisan fiscal commission that would propose solutions to our nation's unsustainable budget outlook. Conrad chaired the Senate Budget Committee from 2001 to 2003, and again from 2007 to 2013. Portman served as Director of the Office of Management and Budget (OMB) under President George W. Bush.
This week on Facing the Future our guests were former U.S. Senators, Kent Conrad (D-ND) and Rob Portman (R-OH). They have been lending their voices to the push for a new bipartisan fiscal commission that would propose solutions to our nation's unsustainable budget outlook. Conrad chaired the Senate Budget Committee from 2001 to 2003, and again from 2007 to 2013. Portman served as Director of the Office of Management and Budget (OMB) under President George W. Bush.
Mr. Speaker, Mr. President, distinguished Members of the Congress, honored guests, and fellow citizens:I have no words to express my appreciation for that greeting.I have come to speak to you tonight about our economic recovery program and why I believe it's essential that the Congress approve this package, which I believe will lift the crushing burden of inflation off of our citizens and restore the vitality to our economy and our industrial machine.First, however, and due to events of the past few weeks, will you permit me to digress for a moment from the all-important subject of why we must bring government spending under control and reduce tax rates. I'd like to say a few words directly to all of you and to those who are watching and listening tonight, because this is the only way I know to express to all of you on behalf of Nancy and myself our appreciation for your messages and flowers and, most of all, your prayers, not only for me but for those others who fell beside me.The warmth of your words, the expression of friendship and, yes, love, meant more to us than you can ever know. You have given us a memory that we'll treasure forever. And you've provided an answer to those few voices that were raised saying that what happened was evidence that ours is a sick society.The society we heard from is made up of millions of compassionate Americans and their children, from college age to kindergarten. As a matter of fact, as evidence of that I have a letter with me. The letter came from Peter Sweeney. He's in the second grade in the Riverside School in Rockville Centre, and he said, “I hope you get well quick or you might have to make a speech in your pajamas.” [Laughter] He added a postscript. “P.S. If you have to make a speech in your pajamas, I warned you.” [Laughter]Well, sick societies don't produce men like the two who recently returned from outer space. Sick societies don't produce young men like Secret Service agent Tim McCarthy, who placed his body between mine and the man with the gun simply because he felt that's what his duty called for him to do. Sick societies don't produce dedicated police officers like Tom Delahanty or able and devoted public servants like Jim Brady. Sick societies don't make people like us so proud to be Americans and so very proud of our fellow citizens.Now, let's talk about getting spending and inflation under control and cutting your tax rates.Mr. Speaker and Senator Baker, I want to thank you for your cooperation in helping to arrange this joint session of the Congress. I won't be speaking to you very long tonight, but I asked for this meeting because the urgency of our joint mission has not changed.Thanks to some very fine people, my health is much improved. I'd like to be able to say that with regard to the health of the economy.It's been half a year since the election that charged all of us in this Government with the task of restoring our economy. Where have we come in this 6 months? Inflation, as measured by the Consumer Price Index, has continued at a double-digit rate. Mortgage interest rates have averaged almost 15 percent for these 6 months, preventing families across America from buying homes. There are still almost 8 million unemployed. The average worker's hourly earnings after adjusting for inflation are lower today than they were 6 months ago, and there have been over 6,000 business failures.Six months is long enough. The American people now want us to act and not in half measures. They demand and they've earned a full and comprehensive effort to clean up our economic mess. Because of the extent of our economy's sickness, we know that the cure will not come quickly and that even with our package, progress will come in inches and feet, not in miles. But to fail to act will delay even longer and more painfully the cure which must come. And that cure begins with the Federal budget. And the budgetary actions taken by the Congress over the next few days will determine how we respond to the message of last November 4th. That message was very simple. Our government is too big, and it spends too much.For the last few months, you and I have enjoyed a relationship based on extraordinary cooperation. Because of this cooperation we've come a long distance in less than 3 months. I want to thank the leadership of the Congress for helping in setting a fair timetable for consideration of our recommendations. And committee chairmen on both sides of the aisle have called prompt and thorough hearings.We have also communicated in a spirit of candor, openness, and mutual respect. Tonight, as our decision day nears and as the House of Representatives weighs its alternatives, I wish to address you in that same spirit.The Senate Budget Committee, under the leadership of Pete Domenici, has just today voted out a budget resolution supported by Democrats and Republicans alike that is in all major respects consistent with the program that we have proposed. Now we look forward to favorable action on the Senate floor, but an equally crucial test involves the House of Representatives.The House will soon be choosing between two different versions or measures to deal with the economy. One is the measure offered by the House Budget Committee. The other is a bipartisan measure, a substitute introduced by Congressmen Phil Gramm of Texas and Del Latta of Ohio.On behalf of the administration, let me say that we embrace and fully support that bipartisan substitute. It will achieve all the essential aims of controlling government spending, reducing the tax burden, building a national defense second to none, and stimulating economic growth and creating millions of new jobs.At the same time, however, I must state our opposition to the measure offered by the House Budget Committee. It may appear that we have two alternatives. In reality, however, there are no more alternatives left. The committee measure quite simply falls far too short of the essential actions that we must take.For example, in the next 3 years, the committee measure projects spending $141 billion more than does the bipartisan substitute. It regrettably cuts over $14 billion in essential defense spending, funding required to restore America's national security. It adheres to the failed policy of trying to balance the budget on the taxpayer's back. It would increase tax payments by over a third, adding up to a staggering quarter of a trillion dollars. Federal taxes would increase 12 percent each year. Taxpayers would be paying a larger share of their income to government in 1984 than they do at present.In short, that measure reflects an echo of the past rather than a benchmark for the future. High taxes and excess spending growth created our present economic mess; more of the same will not cure the hardship, anxiety, and discouragement it has imposed on the American people.Let us cut through the fog for a moment. The answer to a government that's too big is to stop feeding its growth. Government spending has been growing faster than the economy itself. The massive national debt which we accumulated is the result of the government's high spending diet. Well, it's time to change the diet and to change it in the right way.I know the tax portion of our package is of concern to some of you. Let me make a few points that I feel have been overlooked. First of all, it should be looked at as an integral part of the entire package, not something separate and apart from the budget reductions, the regulatory relief, and the monetary restraints. Probably the most common misconception is that we are proposing to reduce Government revenues to less than what the Government has been receiving. This is not true. Actually, the discussion has to do with how much of a tax increase should be imposed on the taxpayer in 1982.Now, I know that over the recess in some informal polling some of your constituents have been asked which they'd rather have, a balanced budget or a tax cut, and with the common sense that characterizes the people of this country, the answer, of course, has been a balanced budget. But may I suggest, with no inference that there was wrong intent on the part of those who asked the question, the question was inappropriate to the situation.Our choice is not between a balanced budget and a tax cut. Properly asked, the question is, “Do you want a great big raise in your taxes this coming year or, at the worst, a very little increase with the prospect of tax reduction and a balanced budget down the road a ways?” With the common sense that the people have already shown, I'm sure we all know what the answer to that question would be.A gigantic tax increase has been built into the system. We propose nothing more than a reduction of that increase. The people have a right to know that even with our plan they will be paying more in taxes, but not as much more as they will without it.The option, I believe, offered by the House Budget Committee, will leave spending too high and tax rates too high. At the same time, I think it cuts the defense budget too much, and by attempting to reduce the deficit through higher taxes, it will not create the kind of strong economic growth and the new jobs that we must have.Let us not overlook the fact that the small, independent business man or woman creates more than 80 percent of all the new jobs and employs more than half of our total work force. Our across-the-board cut in tax rates for a 3-year period will give them much of the incentive and promise of stability they need to go forward with expansion plans calling for additional employees.Tonight, I renew my call for us to work as a team, to join in cooperation so that we find answers which will begin to solve all our economic problems and not just some of them. The economic recovery package that I've outlined to you over the past weeks is, I deeply believe, the only answer that we have left.Reducing the growth of spending, cu
Bob Stein, Deputy Chief Economist at First Trust, spent several years working in Washington D.C. before coming to First Trust in 2006, including as chief economist for the Senate Budget Committee and as Assistant Secretary of Economic Policy at the US Treasury Department. In this episode of the First Trust ROI Podcast, Ryan and Bob discuss:Why many are underestimating the likelihood of a US recessionHow the Federal government will “eventually” address irresponsible budget deficits (just not yet)Why the economy may play an outsized role in determining the next US presidentReach us at https://www.ftportfolios.com/Connect with us on LinkedIn https://www.linkedin.com/company/first-trust/Follow us on 'X' @ftportfolios
Global warming too hot for you? Just go to the mall. Join Nebula (and get 40% off an annual subscription): https://go.nebula.tv/deniersplaybookBONUS EPISODES available on Patreon (https://www.patreon.com/deniersplaybook) SOCIALS & MORE (https://linktr.ee/deniersplaybook) CREDITS Hosts: Rollie Williams & Nicole Conlan Executive Producer: Ben Boult Audio Producer: Gregory Haddock Researcher: Canute HaroldsonArt: Jordan Doll Music: Tony DomenickSOURCESAtkin, E. (2023, August 28). How Vivek Ramaswamy makes money from climate denial. Heated.world. Bennet, G. (1970). Bristol Floods 1968. Controlled Survey of Effects on Health of Local Community Disaster. British Medical Journal, 3(5720), 454–458.Lomborg, B. (2007). Cool It. Vintage.Lomborg, B. (2012). The skeptical environmentalist : measuring the real state of the world. Cambridge Univ. Press.Burakoff, M. (2022a, April 1). Climate Connections: Warmer winters bring challenges for Wisconsin forests. Spectrumnews1.com. Burakoff, M. (2022b, May 12). Flood risks from climate change challenge Wisconsin infrastructure. Spectrumnews1.com. Christensen, J. (2019, March 2). Is it climate change or global warming? How science and a secret memo shaped the answer. CNN. Christenson, M., Thelen, M., Vogt, C., & Meiman, J. (2020). EXTREME COLD IN WISCONSIN: TRENDS, SURVEILLANCE, AND PREVENTION COLD-RELATED ILLNESS TRENDS IN WISCONSIN Climate Change and Winter Weather. [PDF] Cohen, J. (2023, July 19). Excessive Heat Can Kill, But Extreme Cold Still Causes Many More Fatalities. Forbes. DeSmog. (n.d.). Bjørn Lomborg. DeSmog. Dixon, P. G., Brommer, D. M., Hedquist, B. C., Kalkstein, A. J., Goodrich, G. B., Walter, J. C., Dickerson, C. C., Penny, S. J., & Cerveny, R. S. (2005). Heat Mortality Versus Cold Mortality: A Study of Conflicting Databases in the United States. Bulletin of the American Meteorological Society, 86(7), 937–944. Parker, S. G. (2022, April 13). Living with Climate Change: The Polar Vortex | Briefing | EESI. Www.eesi.org.Emory University. (2021, July 8). Global study: 5 million deaths a year linked to temperature changes | Emory University | Atlanta GA. News.emory.edu. Fox News. (2022, August 30). Tucker Carlson Says Global Warming Is Not A Threat But Winter Is. Yahoo Sports; Fox News. Friel, H. (2010). The Lomborg Deception. Yale University Press.Gittings, J. (2023, July 31). Tree-defoliating moth having a banner year in Wisconsin. Wisconsin State Journal. Kamin, D. (2023, March 10). Out-of-Towners Head to “Climate-Proof Duluth.” The New York Times. Lake, B. (2019, January 1). Year in Review: 2018 Flooding. WXOW. Masuda, Y. J., Castro, B., Aggraeni, I., Wolff, N. H., Ebi, K., Garg, T., Game, E. T., Krenz, J., & Spector, J. (2019). How are healthy, working populations affected by increasing temperatures in the tropics? Implications for climate change adaptation policies. Global Environmental Change, 56, 29–40. Media Matters Staff. (2021, July 6). Dennis Prager: “The great killer is cold, not heat. ... Global warming has actually been saving lives.” Media Matters for America. MSNBC. (2023, September 10). Vivek Ramaswamy on MSNBC with Andrea Mitchell 8.29.23. Www.youtube.com. NOAA NATIONAL CENTERS FOR ENVIRONMENTAL INFORMATION. (2023, August 9). U.S. climate summary for July 2023 | NOAA Climate.gov. Www.climate.gov. Ohl, C. A., & Tapsell, S. (2000). Flooding and human health. BMJ : British Medical Journal, 321(7270), 1167–1168.Robinson, P., & Lomborg, B. (2022, September 22). The Heat Is On: Bjorn Lomborg On The Summer's Record Heat. Hoover Institution. Senate Budget Committee. (2023, April 26). “There Are 49 Other States”: Witness Fires Back At Johnson For Saying Climate Change Is Good For WI. Www.youtube.com. Svitek, P. (2022, January 2). Texas puts final estimate of winter storm death toll at 246. The Texas Tribune. Twitter, H. S. L. columnist T. (2023, February 16). Will global warming make temperature less deadly? Washington Post. US Department of Commerce, N. (n.d.). Weather Related Fatality and Injury Statistics. Www.weather.gov. Retrieved 2023CORRECTIONSThis episode refers to the Hoover Institution as the Hoover Institute, which is pretty close if you ask us, but that's not actually its name. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to Heilman & Haver - Episode 78. We hope you enjoy the show! Please join the conversation - email us with thoughts and ideas and connect with the show on Facebook and Twitter and Instagram and at heilmanandhaver.com. The Hollywood strike has now passed the 100 day mark with no end in sight. Just one week ago, on August 4, Writers Guild of America negotiators met for the very first time in three months with representatives of the major studios to discuss whether contract talks can resume. According to Bloomberg reporter Lucas Shaw, they “made zero progress. The two sides are no closer than they were at the start of the strike. They can't even agree on how to resume negotiations.” With much of the strike centered on the power imbalance between the major studios and their writers and the consolidation and lack of transparency among the streaming giants, we reached out to an expert on the issues of monopoly and corporate power in America for his take. Matt Stoller is the Director of Research at the American Economic Liberties Project. He is the author of “Goliath: The Hundred Year War Between Monopoly Power and Democracy”, which Business Insider called “one of the year's best books on how to rethink capitalism and improve the economy.” Stoller is a former policy advisor to the Senate Budget Committee and he also worked for a member of the Financial Services Committee in the U.S. House of Representatives during the financial crisis. Matt's 2012 law review article on the foreclosure crisis, “The Housing Crash and the End of American Citizenship”, predicted the rise of autocratic political forces, and his 2016 Atlantic article, “How the Democrats Killed their Populist Soul”, helped inspire the new anti-monopoly movement. His writing has appeared in the Washington Post, the New York Times, Fast Company, Foreign Policy, the Guardian, Vice, The American Conservative, and the Baffler and Matt writes the monopoly-focused newsletter “BIG” with tens of thousands of subscribers. You can follow Matt on Twitter at @matthewstoller.
Links from the show:* Goliath: The 100-Year War Between Monopoly Power and Democracy* Connect with Matt Stoller* Follow Matt on Twitter* Subscribe to Matt's newsletter* Rate the showAbout my guest:Matt Stoller is the Director of Research at the American Economic Liberties Project. He is the author of the Simon and Schuster book Goliath: The Hundred Year War Between Monopoly Power and Democracy, which Business Insider called “one of the year's best books on how to rethink capitalism and improve the economy.” David Cicilline, Chairman of the House Antitrust Subcommittee, has called Stoller's work “an inspiration.” Stoller is a former policy advisor to the Senate Budget Committee.He also worked for a member of the Financial Services Committee in the U.S. House of Representatives during the financial crisis. While a staffer, he wrote a provision of law mandating a third party audit of the Federal Reserve's emergency lending activities. He also helped cut part of a $20 billion subsidy to large financial institutions. His 2012 law review article on the foreclosure crisis, The Housing Crash and the End of American Citizenship, predicted the rise of autocratic political forces, and his 2016 Atlantic article, How the Democrats Killed their Populist Soul, helped inspire the new anti-monopoly movement. His writing has appeared in the Washington Post, the New York Times, Fast Company, Foreign Policy, the Guardian, Vice, The American Conservative, and the Baffler. Stoller writes the monopoly-focused newsletter Big with tens of thousands of subscribers, which you can subscribe to here. Get full access to Dispatches from the War Room at dispatchesfromthewarroom.substack.com/subscribe
The drip-drip of revelations surrounding Supreme Court Justice Clarence Thomas is sabotaging the legitimacy of the nation's highest court. Hundreds of thousands of dollars in luxury gifts have gone undisclosed. It's a troubling pattern of shady behavior at an institution that is considered a cornerstone of American democracy.U.S. Senator Sheldon Whitehouse (D-RI), a longtime critic of the Supreme Court's approach to policing itself, joins Fernando for an eye-opening conversation about the escalating ethics scandal at the Supreme Court.Senator Whitehouse is the Chairman of the Senate Budget Committee and a member of the Judiciary Committee. He was previously elected Rhode Island's Attorney General after serving as a U.S. Attorney. Subscribe wherever you get your podcasts and follow the show on Twitter, Facebook, and Instagram! For more information, check out thexray.org.
The Senate Budget Committee holds a hearing on the House GOP debt ceiling plan, Sen. Bernie Sanders proposes a federal minimum-wage increase, and four members of the Proud Boys are jailed for the January 6th insurrection
Today, the Senate Budget Committee held a hearing on our debt. Our inside sources, Senator Mitt Romney and Brian Riedl, were both there. Boyd looks at the crucial conversation members of Congress had on the debt and deficit spending. See omnystudio.com/listener for privacy information.
Today on Laughing Liberally Milwaukee, Matthew Filipowicz sits down with comedy troupe Broadminded: Melissa Kingston, Anne Graph LaDisa, Stacy Babl and Megan McGee. The five discuss Ron Johnson denying climate change with out-of-context data at a recent U.S. Senate Budget Committee. They also discuss the troupe's upcoming show currently scheduled for September. Check it out!
In this episode of The Bald Brad Show, reporters all out White House's hypocrisy over the most recent bank failure. The Biden administration made states about bank failures after Silicon Valley Bank but are being called out now by White House reporters. We also react to a Senate Budget Committee hearing where Senator John Kennedy (R-LA) questioned witnesses about taxes. Lastly, Chicago Mayor Lori Lightfoot begs Texas Governor Greg Abbott to stop sending illegal aliens to Chicago.
Joseph LaVorgna, Chief Economist at SMBC Nikko Securities and former Chief and former Chief Economist for the White House National Economic Council; Bob Stein, Deputy Chief Economist at First Trust Advisors and former Chief Economist for the Senate Budget Committee; and Brian Wesbury, Chief Economist at First Trust Advisors and former Chief Economist for the Joint Economic Committee of the US Congress, join Jim and Bob for a discussion on ethics in economics a well as their current views of the economy, inflation and the direction of interest rates. This was a hell of a conversation.
Defense Secretary Austin says U.S. aircraft will continue "to fly and operate wherever international law allows" after Russian military jets down U.S. drone over Black Sea, OMB Dir Young testifies before Senate Budget Committee on President's proposed FY2024 budget, Transportation Sec Buttigieg on airport close calls, interview with Politico's Josh Siegel on House GOP energy reform bill (38). Learn more about your ad choices. Visit megaphone.fm/adchoices
The year is 1837. Imagine that you live in Calcutta and a man with a thick Boston accent offers you some ice cream. There is no such device as a refrigerator, much less a freezer, and yet here is a man offering you a cold (and delicious) treat. How did it get there? In this lecture from the 2019 Acton Lecture Series, Dave Hebert explains how ice harvesters in 19th century Boston were able to create their own system of property rights that allowed each person living around a local pond to thicken ice as needed. The result? These entrepreneurs shipped blocks of ice to destinations as far flung as India, opening up a new market to places where ice (and all its benefits) did not exist.David Hebert graduated with a bachelor's degree in economics from Hillsdale College in 2009, and then attended George Mason University, where he earned a master's in 2011 and a doctorate in 2014. During graduate school, he was an F.A. Hayek fellow with the Mercatus Center and a fellow with the Department of Health Administration and Policy. He also worked with the Joint Economic Committee in the U.S. Congress. Since graduating, he has worked as an assistant professor at Ferris State University in Big Rapids, Michigan, and Troy University in Troy, Alabama. He was also a fellow with the U.S. Senate Budget Committee, where he authored a comprehensive report on federal budget process reform.Subscribe to our podcastsRegister Now for Business Matters 2023Apply Now for Acton University 2023 (Early Bird Pricing) Hosted on Acast. See acast.com/privacy for more information.
01/11/23: Joel is joined by former United States Senator, Kent Conrad, to have a discussion about the new legislative session and what we could expect to see regarding debt and the national budget. Former Senator Conrad served on the Senate Budget Committee, and also served as North Dakota's Tax Commissioner from 1981-1986. See omnystudio.com/listener for privacy information.
On November 7, 2022, the jackpot for the Powerball lottery reached an astonishing $2.05 billion. Even after the federal and state governments take their piece of that, the winner will still be the recipient of a life-changing amount of money, more than enough to last an entire lifetime. But if the winner of that $2.05 billion Powerball jackpot was the United States federal government, they'd burn through that enormous sum of money in just over a week. How did the federal budget get this large? What does that budget say about our political system and the desires and priorities of the public and politicians? In this episode, Eric Kohn sits down with Dr. David Hebert, chair of the economics department and associate professor of economics at Aquinas College in Grand Rapids, to discuss his recent article for the American Institute for Economic Research using the Powerball to explain the size and scope of the federal budget. David Hebert graduated with a bachelor's degree in economics from Hillsdale College in 2009, and then attended George Mason University, where he earned a master's in 2011 and a doctorate in 2014. During graduate school, he was an F.A. Hayek fellow with the Mercatus Center and a fellow with the Department of Health Administration and Policy. He also worked with the Joint Economic Committee in the U.S. Congress. Since graduating, he has worked as an assistant professor at Ferris State University in Big Rapids, Michigan, and Troy University in Troy, Alabama. He was also a fellow with the U.S. Senate Budget Committee, where he authored a comprehensive report on federal budget process reform. Subscribe to our podcastsRegister Now for Business Matters 2023Apply Now for Acton University 2023 (Early Bird Pricing)Taxes, Spending, and Powerball Winnings by David Hebert | AEIR Hosted on Acast. See acast.com/privacy for more information.
Bob is back! Robert Stein, Deputy Chief Economist at First Trust Advisors, joins us again for our final episode of the year. With the midterms in the rear view and 2023 just around the corner, many people are wondering: What is the 2023 economy going to look like? What can we expect for the 2024 presidential election? Why are gas prices coming down? What can we expect with inflation and the housing market over the next two years? In this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs get Bob's take on the 2022 midterm results and his predictions for a looming 2023 recession and the 2024 presidential election. Bob shares his perspective on who will and will not run for president in 2024, how inflation and home prices will change in 2023, and what changes we can expect in government over the next two years. “I think there's going to be a lot of paralysis on Capitol Hill and spending time on investigations. I'm not pro or con, it's just how they're going to spend their time, looking into various things. There's not going to be a lot of legislation on new territory, whether it's green energy, whether it's tech, whether it's taxes, those bills will not get to the President's desk.” – Bob Stein Episode Timeline/Key Highlights: [01:15] Introducing Bob Stein & The topics of today's episode. [03:08] Addressing the 2022 Midterms Results: Why did the Republican party lose a seat in the Senate and barely capture the House? [08:49] Were the 2022 Midterm elections a rebuke of President Trump? [09:35] The Democrats' strategy during the primaries to throw money and advertising behind Trump-endorsed candidates [10:36] Bob's thoughts on the Republican presidential run: What chance does Trump have to get nominated? What chance does Ron DeSantis have to get nominated? Are any candidates being overlooked? [14:27] Will Biden run for president again? Will Kamala Harris run again? [15:56] Why is Gavin Newsom so popular? [18:53] Would Biden run with Newsom? [19:54] Taxes, infrastructure, tech, green energy, fuel prices, inflation - Bob's predictions for the future. [22:39] Why are gas prices coming down? [25:25] Changes in the government, inflation, and housing we can expect in the next two years. [37:33] Are mortgage interest rates going to increase in 2023? Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures. Resources Mentioned: Listen to Bob's episode from June 2022: https://bit.ly/3fU48CH About Robert Stein, CFA: Bob is Deputy Chief Economist at First Trust Advisors. He is responsible for managing forecasting and analyzing economic indicators as well as writing economic commentaries. Prior to joining First Trust, Bob was Assistant Secretary for Economic Policy at the U.S. Treasury Department. While there, Bob was responsible for briefing the Secretary of the Treasury on U.S. macroeconomic developments and formulating policy proposals. Day to day, he was responsible for leading a team of twenty economists conducting in-depth economic analysis and research. Between 1996 and 2002, Bob was chief economist for the Senate Budget Committee on Capitol Hill and an economist for the Senate Banking Committee and Joint Economic Committee. Prior to his tenure on Capitol Hill and the Treasury Department, Bob was a journalist for Investor's Business Daily where he covered the economy and authored many front-page stories. Bob received a BA in both Economics and Government from Georgetown University. He is also a CFA Charterholder. Connect with Bob: Connect with him on LinkedIn: https://www.linkedin.com/in/robert-stein-4234ba18 Follow him on Twitter: https://twitter.com/BobStein_FT Connect with Monument Wealth Management: Visit our website: https://bit.ly/monumentwealthwebsite Follow us on Instagram: https://bit.ly/MonumentWealthIG Follow us on Twitter: https://bit.ly/MonumentWealthTW Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI Connect with us on Facebook: https://bit.ly/MonumentWealthFB About “Off the Wall”: Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions. Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.
Christian Smalls, Amazon Labor Union President, delivers his opening statement before the Senate Budget Committee, hearing on “Taxpayer Money to Companies Violating Labor Laws.” The Senate Budget Committee held a hearing to examine taxpayer dollars to companies that violate labor laws. Amazon's labor practices was a focus. Christian Smalls, Amazon's labor union president testified and said “it's not a left or right thing. It's not a Democrat or Republican thing. It's a worker's thing. It's a worker's issue.” Others testifying included labor leaders, organizers, and policy professionals. Topics discussed included the right to unionize, labor law violations, and worker protections. Full hearing: https://www.c-span.org/video/?520005-1/budget-committee-examines-companies-violating-labor-laws #amazonunion #laborradiopod #1U #ALU
The recent case of Liselle Herrera, a 26 year old woman charged with murder for performing a “self-induced abortion” made national news, bringing attention again to the human rights crisis happening in Texas around reproductive rights. What people don't know is that this crisis is fueled by dark money, corruption, and deeper right-wing capitalist agendas for deregulation. How much money is changing hands and what does this mean for women's rights and LGBTQ rights? We also talk about the unfolding tragedy in Sunset Park of a mass shooter on the subway. While details are still emerging at the time of recording, we discuss how politicians and the media have already begun using this tragedy to further fuel the militarization of the police. April 11 marks the 20th anniversary of the coup attempt of then-president Hugo Chavez in Venezuela that strengthened the resolve of the revolution. We dive into a reflection on the Venezuelan socialist project in the last 20 years, and the impact of sanctions on the nation.In a shock to no one, the mainstream media had abysmal coverage of the Senate Budget Committee hearing on corporate greed called by Bernie Sanders. 2021 marked the highest record corporate profits reaching almost $3 trillion in U.S. history. We discuss corporate greed and the left's complicated relationship to Sanders as a figure.Support the show (https://www.patreon.com/CovertActionMagazine)
Today's Office Hours discussion question: Is a windfall profits tax a good idea? How could it get the political support it needs? Would this be helpful for the Democrats in the midterms? Background: Yesterday I testified before the Senate Budget Committee about the power of American corporations — now enjoying the highest profits in 70 years — to raise their prices. And I endorsed a windfall profits tax. (You can see my testimony below.) Lindsey Graham told me he “couldn't disagree with me more.” He and other Republicans on the Committee blamed inflation on Biden and the Democrats whom, they charged, spent too much on measures such as the American Rescue Plan. Senator Sheldon Whitehouse (also on the Committee) has introduced a windfall profits tax on big oil companies that would tax half the difference between their current profits and their average profits between 2015 and 2019, and then remit the proceeds to Americans in quarterly payments. Senator Bernie Sanders (the Committee chair) has introduced a windfall profits tax on all big corporations that would tax 95 percent of their profits in excess of their average profit level from 2015-2019, adjusted for inflation. It would apply only to large companies with $500 million or more in revenue annually, and be a temporary emergency measure, applying only in 2022, 2023, and 2024. Both bills would tax profits, not revenues, so companies that raise their prices for legitimate reasons related to rising expenses would not be penalized. But companies that have chosen to raise their prices (presumably to further enrich their CEOs and wealthy shareholders) would pay the windfall profits tax. Here's my testimony yesterday:***Some added thoughts, in response to your very thoughtful comments: Yes, Lindsey Graham wanted to cut me off so he could talk about “securing the southern border” rather than about corporate power. That's the problem in a nutshell. Democrats have an important opportunity between now and the midterm elections to frame the national conversation as it should be framed -- around corporate power to raise prices, price gouging and profiteering, CEO pay that's now reached almost 350-to-1 relative to median worker pay, billionaire gains of $1.7 trillion during the pandemic while most Americans struggled, illegal union-busting by giant corporations such as Amazon, and hugely profitable corporations and billionaires paying little or no taxes. If Democrats don't focus the public's anger on these economic abuses, Americans will be inundated with Republican “culture war” messaging intended to deflect attention from them. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe
A live audience interviews Matt Stoller, a fellow at the Open Markets Institute and former Senate Budget Committee staffer, on antitrust laws and preventing monopolies.Find more (including how to join us live) at PM101.live or on Twitter at @PoliticsNMedia.Subscribe, rate, and review if you like what you hear.Join our e-mail list for "best of" delivered directly to your inbox, twice per month, at PM101.live
First, Dana examines President Biden's overseas trip and how to bring Iran back into compliance with the nuclear agreement with Secretary of State Antony Blinken. Then, Dana sits down with Senate Budget Committee chairman Senator Bernie Sanders to discuss how to build consensus building among Democrats ahead of a possible Tuesday vote on Biden's infrastructure and social safety net packages. Next, Dana looks ahead to a tight gubernatorial race in Virginia. Finally, Dana speaks with Transportation Secretary Pete Buttigieg to find out what caused the supply chain blockages and what the US is doing to fix it. To learn more about how CNN protects listener privacy, visit cnn.com/privacy
In this episode, we have a conversation with Bob Stein, Deputy Chief Economist for First Trust Portfolios, and discuss the current state of the market and what's ahead. Bob is responsible for forecasting and analyzing economic indicators as well as writing economic commentaries at First Trust. Prior to joining First Trust, Bob was Assistant Secretary for Economic Policy at the U.S. Treasury Department. While there, Bob was responsible for briefing the Secretary of the Treasury on U.S. macroeconomic developments and formulating policy proposals. Day to day, he was responsible for leading a team of twenty economists conducting in-depth economic analysis and research. Between 1996 and 2002, Bob was chief economist for the Senate Budget Committee on Capitol Hill and an economist for the Senate Banking Committee and Joint Economic Committee.
This episode is also available as a blog post: http://donnyferguson.com/2021/08/11/senate-budget-committee-member-shreds-1-2-trillion-spending-bomb/ --- Send in a voice message: https://anchor.fm/donny-ferguson/message
First, Jake presses Energy Secretary Jennifer Granholm on criticism that President Biden's $2.3 trillion proposal goes well beyond focusing on infrastructure. Then, Jake talks with Senate Budget Committee Chairman Sen. Bernie Sanders about the fight ahead in Congress to pass Biden's plan. Next, Jake asks Republican Gov. Tate Reeves of Mississippi about vaccine hesitancy among Republicans and whether he would support a so-called vaccine passport in his state. Finally, Democratic Rep. Ilhan Omar of Minnesota joins Jake to react to the emotion first week of the trial for the former police officer charged with George Floyd's murder. To learn more about how CNN protects listener privacy, visit cnn.com/privacy
Tori Gorman, Policy Director for The Concord Coalition, joins our podcast to discuss the intricacies of the budget reconciliation process, its role in moving the latest Covid relief package, whether policies like a $15 minimum wage can be advanced through reconciliation, and what the upcoming fights over process mean for the tax outlook in 2021. Our latest “Talking Taxes in a Truck” podcast was recorded on February 22, 2021, and runs 28 minutes long. Editor's Note: At 1:15, Brian incorrectly describes Tori's past role at the Senate Budget Committee as “Counsel.” Her title on the committee was “Parliamentarian.”
Ep. 13 - Next week, Democrats will introduce their COVID relief bill. Along the way, they need to convince the Senate Parliamentarian that the elements in the bill - $15/hr minimum wage, $1,400 checks, unemployment benefits, and more - are related enough to the budget to pass through Bernie Sanders' Senate Budget Committee, therefore avoiding a filibuster by Republicans! That, plus a COVID update, the unfolding disaster in Texas, voter suppression, working with other countries, and MORE on this week's pod!
Guest: Stephanie Kelton is a professor of economics and public policy at Stony Brook University. She is a leading expert on Modern Monetary Theory and a former Chief Economist on the U.S. Senate Budget Committee. Author of The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy. The post Government Aid in the Time of Crisis appeared first on KPFA.
Matt Stoller, former analyst on the Senate Budget Committee, current Research Director at American Economic Liberties Project and author of Goliath: The 100 Year War Between Monopoly and Democracy, talks about politics of the past — how it informs the present, and what's at stake for our future.
Matt Stoller is a fellow at the Open Markets Institute and the author of Goliath: the 100 Year War Between Monopoly Power and Democracy (out now!). He was previously a Senior Policy Advisor and Budget Analyst to the Senate Budget Committee and worked in Congress on financial services policy, including Dodd-Frank, the Federal Reserve, and the foreclosure crisis. Matt has written for the New York Times, the Washington Post, the Atlantic, the New Republic, and elsewhere. As we discuss, Matt had a brief excursion in Hollywood, where he was a writer and actor on a TV show with Russell Brand. You may be most familiar with Matt from his very active and entertaining Twitter feed (@mattherstoller). Goliath is a “big idea” history coming at the right time. Concentrated corporate power affects your life every day, in ways both subtle and obvious. The domination of key industries by a handful of megacorporations is not the natural or permanent state of affairs. We have successfully fought and tamed monopolies before, but have forgotten how. Goliath reminds us of the way forward. We discuss: Matt's path from being a remorseful Iraq War supporter to being a vigorous opponent of concentrated financial power, the case for and against monopoly power, the neoliberal roots of the disastrous response to the financial crisis, the link between monopoly power and fascism, dangerous and desirable monopolies, the massive state intervention in the economy during and after WWII, the proper role for finance in society, the real basis for the American dream, the impact of fair trade laws and their repeal, whether small businesses are actually any better than big ones, how the ruling class frames their rule as inevitable, the law and economics movement, the Democrats' betrayal of organized labor, the crisis of legitimacy for economics, antimonopoly's political moment, and why Obama was actually bad. Show notes: Matt's work: When American Capitalism Meant Equality The Progressive Case Against Obama Other links: Louis Brandeis's book Other People's Money, and How the Bankers Use It (free ebook) Dark Money: the Hidden History of the Billionaires Behind the Rise of the Radical Right Fred Dutton's NYT Obituary Obama's not as tough on mergers as you think On the Obama admin's role in the 737 Max scandal: The emerging 737 Max scandal, explained Obama Failed to Mitigate America's Foreclosure Crisis Obama officials' failure to stop the opioid crisis