Federal government is a big fat pig - stop spending, balance the budget
@TheSlimjim135793 ай бұрын
Cry little boy, cry
@leagueplays21003 ай бұрын
This is balancing the budget. Did you not watch the video? This is his idea for actually reducing the debt.
@matadopolis3 ай бұрын
Pass a balanced budget law, simple.
@stant71223 ай бұрын
Medicare/medicaid make up a quarter of federal spending. If we can have healthier adults, we would spend less on healthcare. Maybe we can all eat healthier and exercise and stop smoking.
@TheSlimjim135793 ай бұрын
So is your wife, so who cares
@chiquita6833 ай бұрын
Raising taxes doesnt fix spending
@marksowick52783 ай бұрын
Agreed cutting spending fixes cutting spending. We need to choke off the private sector tap to the government.
@EthelbertCoyote3 ай бұрын
Fixing spending does not remove debt... or interest, we are taking about a math problem of how to eliminate debt, not to compare it's elements.
@THillick3 ай бұрын
Correct, it encourages spending. Of course, other than eliminating redundancies and jaiing the corrupt, very little seems to discourage congress and the WH from spending (Not their) money...
@84KtnM3 ай бұрын
How abt bring back manufactturing home and increase the number of people employed, keep tax rates unchanged, cut down on spending. Divest Assets if any to private players. Worst case scenario.. revalue the Dollar
@paulnyagini3 ай бұрын
😂😂😂😂how about proposing negative interest rates.
@therottenrook3 ай бұрын
"Inflated away their debts" - most important thing he said. All roads lead to high inflation.
@lrm213 ай бұрын
No one in the federal government shoud get paid until the budget is balanced. If you are spending more than you make, you didn't actually earn an income.
@TheSlimjim135793 ай бұрын
Low iq comment
@richiedubs10623 ай бұрын
You have this exactly backwards. Public spending is private income. If you "balance" the budget you create an economic depression of the the private sector.
@LibertarianRF3 ай бұрын
Thats literally insane...Clinton's balanced it for a short time and there was no depression..
@AlBergstein3 ай бұрын
balancing the budget is absolutely absurd. The budget is used in various ways to support downturns in the economy. If you were going to balance it it would create an economic crash, the likes of which we have never seen. Of course, trying to go after the military budget, which is our biggest wasteful non-economic thing we do, always brings out calls of treason.
@lrm2121 күн бұрын
@richiedus1062 @AlBergstein, balancing the budget, or eliminating deficit will remove the "fake economy", if you are living in that economy it could be painful. Government deficit spending is out of control, and not supportive, in fact it has a negative effect of mal investment and crowding out of the private sector. which is the "REAL" economy. In the long run its economically destructive and leads to lower growth, and lower real wealth for the citizens. The use of GDP as some measure of economic health has been the biggest lie ever sold to citizens, all it has done is mask the governments theft.
@briteness3 ай бұрын
We're going to be broke really quickly? Aren't we broke now? When you owe $35,000,000,000,000, you're broke.
@stevemelton43883 ай бұрын
Amen
@dscott3513 ай бұрын
This country was broke far earlier than the 35 trillion-dollar mark. By the way, the USA is currently closer to 36 trillion than 35 trillion.
@bobbyboucher63163 ай бұрын
Who do we owe it too ?
@MAchannel20243 ай бұрын
@@bobbyboucher6316 The world. The only way we survive is because they buy our debt. Once they figure out the US is a Ponzi scheme and they stop buying, it's over.
@shabpnd4813 ай бұрын
@@bobbyboucher6316 The pension fund and the institution many more bond holders
@williereynolds7053 ай бұрын
We simply cannot afford this government its size and waste.
@zwatwashdc3 ай бұрын
And corruption
@method3413 ай бұрын
Need trump go in and mow the weeds from the swamp
@leagueplays21003 ай бұрын
so cut military budget in half? got it
@hobarttobor6863 ай бұрын
The USA can't tax its way out of this mess.... Spending has to be reduced...
@stevecox96993 ай бұрын
CUT SPENDING. 50% across the board
@MAchannel20243 ай бұрын
if 50% across the board, how will the elderly in your family do when you tell them you will cut SS and Medicare by 50%? Honest question. That is the dilemma. Cut military spending, excellent idea. Stop funding genocide in Israel, excellent idea. Cut grandma's SS check, bad idea.
@roguetrader333 ай бұрын
Unrealistic and ridiculous go buy trumps bible
@freddyrodriguez47323 ай бұрын
YES Im with you comrade!!!! Raise taxes on the 200k and over, and cut all the spending yes. but do NOT cut disability or raise medicaid rates. those are sacred.
@freddyrodriguez47323 ай бұрын
@@MAchannel2024that doesnt have to be what he means (even if he meant that). If you take the overall budget , that entire number, then CUT IT IN HALF, preserving disability and social security and medicare and ACA as is- youd be able to cut military, foreign aid, corrupt dollars and all the administrative garbage in the fake social services that dont work in the U.S. INSTEAD.
@user-fx5sw4jy7hYz9Hzi3 ай бұрын
@@MAchannel2024 Why does your elderly in your family rely on Government?
@iGetTrades3 ай бұрын
When has increasing taxes fixed anything other than congress' itch to wastefully spend taxpayer money in order to fulfill the wants and needs of those that put them in office???
@VonSteever3 ай бұрын
Jones is a billionaire. He is immune to everything he's proposing. 1. $35 trillion in debt means America is already broke. 2. WRONG: Raising taxes does not work. It's been proven, the higher the tax rate, the lower the tax receipts. Jones should know this. When you raise taxes on people, they will not pay if they need that money to live. Raise taxes on business and it slows hiring and economic growth when too large of a percentage of gross income is paid in taxes and other related employment expenses rather than spent on hiring employees and expansion. Jones should know this too. 3. Expenses must be cut at the federal and state levels. Redundant and unnecessary federal & state employees must be furloughed, federal programs must be cancelled or dramatically reduced, any non-national security related grants must be cancelled, and that includes cancelling hundreds of billions paid out to support millions of illegal aliens, NGO's must be defunded, Federal agencies must be closed, merged or take severe budgets cuts and reduction in their missions and staffing levels, that includes military, especially overseas wars, military personnel support, munitions, etc. US can't continue being the world police when doing so creates additional national debt and thus threatens US national security. After listening to his statements, it is plainly obvious Jones has an agenda that aligns more with the WEF than the citizens of America.
@aggelosvasilis74573 ай бұрын
US has all this benfenits that they have by being the police of the world. If you stop doing that ,people wont buy your bonds...
@theron21243 ай бұрын
I agree with all the points that you’ve made, except the last one about Paul and the WEF. I think he was mentioning the tax increases only as a means to keep up with the ballooning deficit and the interest payments. I think what he would prefer is what you have proposed above.
@leagueplays21003 ай бұрын
Glad someone like you isn't making decisions lmao
@kevinnoah-i4o3 ай бұрын
He's telling us the cure. A very painful treatment plan.
@louislong15143 ай бұрын
Spend less on stupid things like subsidizing illegal immigration, funding wars, bureaucracy... and not raise tax on the PEOPLE!
@bg52153 ай бұрын
We do not have. an under-tax problem. We have an overspending problem. Why do liberals refuse to understand that tax cuts when combined with reduce spending result in economic growth that results in increased tax revenues to the government? Happened every time... JFK, Ronald Reagan, Bill Clinton, Trump.
@DaveBee1203 ай бұрын
Yet Republicans governments almost always run higher deficits.
@leagueplays21003 ай бұрын
there was no growth with trump. He increased the deficit... lol.
@ek61513 ай бұрын
@LimonataFallita And what about the Trump Tax Cuts?
@kevso15823 ай бұрын
Bill Clinton ran a surplus. What a G. And not meaning big government by G.
@ak1029863 ай бұрын
We have a tax problem. Has since the 90s. That line "results in increased tax revenues" is false. Reagan raised taxes.
@Bigfoot4sale3 ай бұрын
We are starting to tic off another trillion dollars in interest every hundred days. Broke left town a long time ago. I think we should be longing for the days when we were just broke.
@MeMe-hp3hl3 ай бұрын
Woah check out his eye at 1:04, 1:54, 3:22. That's not a digital distortion. Every time we see his left-eye it's like that.
@timber-rider3 ай бұрын
It's the spending. 50% of our spending are transfer payments. Transfer Payments are spent on Social Security, Medicare, Medicaid, unemployment insurance, veterans benefits, and other forms of income assistance, meaning recipients typically use these funds to cover basic needs like healthcare, food, housing, and everyday living expenses, often contributing to local economies where they reside.
@ajheermans3 ай бұрын
Number one option - STOP PRINTING MONEY.... WE ARE BROKE.
@TheSlimjim135793 ай бұрын
Your little brain couldn't fathom the consequences if we actually stopped. But, you are another low iq citizen who has zero knowledge on economics. Get back to your sad 9-5
@RobAllen283 ай бұрын
We work for years to earn £1million on our retirement while some people put thousands of dollars in bitcoin and they become millionaires
@michaelbenjamin26433 ай бұрын
I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.
@RobAllen283 ай бұрын
Becoming a good trader takes time and patience. When I first got into trading I was liquidated twice and I lost my entire mortgage deposit. I could have given up. But I decided to learn how to tradei put it to practice. I'm glad I made that decision today.
@RobAllen283 ай бұрын
The process of trading can be complicated when you have limited knowledge. However with the right strategy and setup, you can be successful. That's the whole point of investing. I got into the market 10k and up to 76k in a short period of time. I was able to build a business from my returns
@RobAllen283 ай бұрын
Trading,,,,without any guilde is so risky you need a good Mentor like Charles Tyson strategy to guide your trades,,,,,
@michaelbenjamin26433 ай бұрын
Please how do I get in touch with Charles Tyson , i would love to trade with him
@Fried523 ай бұрын
The Ryan tax cuts. The Congressional Budget Office (CBO) estimated in 2018 that the 2017 law would cost $1.9 trillion over ten years. Together with the 2001 and 2003 tax cuts enacted under President Bush (most of which were made permanent in 2012), the law has severely eroded our country’s revenue base. Revenue as a share of GDP has fallen from about 19.5 percent in the years immediately preceding the Bush tax cuts to just 16.3 percent in the years immediately following the Trump tax cuts. Trump administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income. Research shows that workers who earned less than $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply. The best way to explain trickle down economics they pee on your back and tell you raining.
@samocndo16913 ай бұрын
Why not reduce spending. Why is the solution always to raise taxes
@aggelosvasilis74573 ай бұрын
Recession
@drewm2173 ай бұрын
Massive job loss. You think taking a few trillion $ out of the economy won’t be a catastrophe?
@aggelosvasilis74573 ай бұрын
@@drewm217 If managed properly, no. Goverment can fund infrastructure projects,that can boost economy with this extra income. Check again the graph with the lowest debt/gdp ratio , look at the times where this ratio is at its lowest.
@stevecox96993 ай бұрын
@@aggelosvasilis7457 if that’s the case then why not spend all the money on infrastructure projects? Government projects are managed so well.
@drewm2173 ай бұрын
@@aggelosvasilis7457 study the mid-late 1930s for an example of decreased govt spending after a few years of massive spending
@thearithung7553 ай бұрын
America must start to slow down the debt growth and then begin to start paying off the insane debt.
@ckchong88583 ай бұрын
You won't be broke if you have the money printer!
@chiquita6833 ай бұрын
$390 billion went to Ukraine, cut that
@brianoneal25473 ай бұрын
Sir you must not know of the weimar Republic....
@ckchong88583 ай бұрын
@@brianoneal2547 This is the USA, too big to fail country. Too many countries depend on USA. Weimar Republic story doesn’t apply.
@brianoneal25473 ай бұрын
@@ckchong8858 weimar Republic is a lesson from time, but I get it this is the same mentality the left has and many of the right, just print print print but it doesn't work that way, we are no longer the worlds reserve currency, China and Russia are soon to take that away completely and you think inflation is bad now......get your wheel barrel ready
@brianoneal25473 ай бұрын
@@ckchong8858 the worlds reserve currency is no longer the dollar....this is the way the left thinks....print print print....tell me sir can you buy more goods and services today with 100k than you could 4 years ago? The answer is unequivocally NO
@laurel74743 ай бұрын
Raising taxes only punishes the producers and doesn't fix spending. It also stifles growth.
@ireneduffy30143 ай бұрын
That is not true at all. Please look at the historical tax tables.
@laurel74743 ай бұрын
@@ireneduffy3014 It absolutely is true. I don't give a fig about his contrived tax tables that ignore cause and effect. And don't assume I haven't looked at them.
@nickvin74473 ай бұрын
This is 100% accurate. Raising taxes without reigning in spending does absolutely nothing, it just makes government an even larger business than they already are.
@roguetrader333 ай бұрын
Get real
@DexterWilliams-qw1mx3 ай бұрын
notice, absolutely no cut in spending from this guy
@anthonyword64953 ай бұрын
he mentioned it in the first part of the interview
@M3ta13 ай бұрын
Nothing stops this train.
@joeytbonejoeytbone3 ай бұрын
3:28 "I'M LONG BITCOIN!" -PTJ. Don't be foolish, start stacking!
@Loadmaster-19703 ай бұрын
Take the crack pipe of “spending” away from the Federal Government and everything else will fall in line
@missithompson69412 ай бұрын
Corporations need to pay more tax. At 25%, corporations would still NOT be paying their fair share.
@vitbing3 ай бұрын
" Were gonna be broke really quickly " , they have been saying the deficit was going to break us for the last 50 years , I recall as a child this was always the talk !
@jeffreymarshall45723 ай бұрын
You’re right but here’s the kicker. If we would have dealt with it 50 years ago we wouldn’t be facing such a dire circumstance today. The fact that we’ve kicked the can down the road for 50 years is just going to made the collapse catastrophic.
@josemiguelmatos34523 ай бұрын
Well, it will be kicked 4 years further down the road, the markets will hold no matter who wins. Now, worry about the Elections in 2028, nobody will want the job.
@bearmarkettradeideas2 ай бұрын
Exactly, 50 years of wreck-less monetary policy is the reason we are finally seeing the massive inflationary impact by a huge lagging effect. Now the chickens have come home to roost.
@jeffreymarshall45722 ай бұрын
@@vitbing Where households can only outspend their income for years, governments can do it for generations. I honestly don’t think we have long at the pace of today’s multi trillion annual deficits. We’ll see but it’s gonna be ugly once it finally happens.
@RickMcCargar3 ай бұрын
Allowing people rather than government to keep more of their money, is not a "spending problem".
@drewm2173 ай бұрын
Thank you for speaking truth to power Paul
@Stockguy1013 ай бұрын
Either way the debt will go up and our tax dollars will go to waste
@arnieus8663 ай бұрын
We have been broke for decades but we conned the world into letting us operate the printing press. No one lent the US $35 trillion worth of anything real.
@MKay-u7z3 ай бұрын
Oh please Paul! The ship sailed. We're Zimbabwe. Buy your beans, rice and toilet paper while you can still pay for it.
@borkerfieldfilms70533 ай бұрын
...and bitcoin
@stevemar80273 ай бұрын
Yes, historically gov has corruptly inflated away the problem - doesn’t make it right and it winds up further impoverishing the very people that have the least. Billionaires will will be fine - everyone else loses. Massive spending cuts and short term major pain is needed. Inflating the problem away has also historically also lead to hyperinflation/fascism and communism. Paul left that part out….
@flinty23 ай бұрын
We have a serious lack of leadership in this country.
@robscottwilk3 ай бұрын
News flash! We are already bankrupt We passed broke a long time ago
@zwatwashdc3 ай бұрын
Everyone over 200 grand? After all this flipping inflation? This has been the worst 4 years in history.
@TheSlimjim135793 ай бұрын
Damn you're still that poor? Maybe get off KZbin and get your life together. Crying little weak man
@freedomlife36232 ай бұрын
Read some recent economic book, it was only 40 years ago the interest rates were 10%~20%. So stop being dramatic, you are showing your ignorance.
@zwatwashdc2 ай бұрын
@ speaking of ignorance, you know the difference between taxation and inflation, right?
@charlesdidonato54783 ай бұрын
Thanks Paul, but our politicians only care about themselves and their party staying in control. None of you suggestions will happen, unfortunately!
@Rileyromeo3 ай бұрын
Paul wants to raise taxes so we all have less money to spend. And then he wants to “inflate” our way out of the debt-so everything we buy requires more of our smaller income. True wisdom from a billionaire.
@maverick2143 ай бұрын
I'd also reduce Defense spending. $800 billion per year is ridiculous.
@jbrockskill3 ай бұрын
So... Our country is totally been mismanaged for so long.
@regularbob3 ай бұрын
They gotta get rid of Sorkin…Or somebody in upper management needs to sit his butt down and teach him how to interview people👎😑🤦♂️
@AJTalbot993 ай бұрын
Surely spending cuts are the way - you can’t have half the economy being government
@michaelcarroll85703 ай бұрын
Make every department pass an audit or they have compounded cut in budget 10% annually. This starts day 1 in office and needs to have an official audit report submitted by August 15th. If DOD can’t pass an audit by that time, then its budget is cut 10%. You’ll see a robust amount of money showing up all the sudden. I’d also cap increases in spending at 1% annually for the next 10 years. The government needs to learn how to do what they do without more spending. Cut taxes for all brackets, cut taxes on business, and leverage tariffs on industry/countries that you won’t to bring back home.
@marcusmossuto3 ай бұрын
The problem with all these solutions is politicians will just increase spending proportionately as well in order to buy votes so you won’t solve the problem but will be worse off as government is now that much bigger.
@clydeallen7383 ай бұрын
gee tax cuts must go but we can’t stop spending
@CentralScrewtinzer3 ай бұрын
The problem with raising taxes is that it produces less revenue.
@Vix3813 ай бұрын
You are absolutely correct! Haven’t these people heard of the Laffer curve, sheesh.
@leagueplays21003 ай бұрын
No, the problem with raising them is the government still has to use the money better.
@PLASTICPIPE3 ай бұрын
Not forgiving over $175 billion in student load debt might have helped...
@uhnotinterested2 ай бұрын
bro whats with the interviewer eye?
@fkrr53 ай бұрын
Maybe we shouldn't of given 600 Billon to Ukraine after all.
@TheSlimjim135793 ай бұрын
80% was equipment which went back to US jobs making new materials. You aren't very bright are ya kid?
@leagueplays21003 ай бұрын
^ of which defense contractors execs and ceos made a nice bonus :) Thats where your money is going. Straight to the rich, the usual with the US.
@fkrr53 ай бұрын
@@TheSlimjim13579 War profiteering is disgusting.. And it's sick to think that's a good thing. Lord have mercy
@fkrr53 ай бұрын
@@leagueplays2100 Exactly, that's why the rich elite's went all in on the war.
@TheSlimjim135793 ай бұрын
@@fkrr5 You aren't very bright are ya lol
@zwatwashdc3 ай бұрын
How about we spend less on Ukraine and keep the tax cuts?
@TheSlimjim135793 ай бұрын
You realize 80% of that was equipment right? Or are you too stupid to know that information
@leagueplays21003 ай бұрын
How would the government fund the US industrial complex then?
@Archeops243 ай бұрын
Government spending is the root cause of (the upcoming) inflation
@donovanstrong52243 ай бұрын
We have to address the spending deficit at some point. This is the only analyst I’ve seen speak on a potential solution for the deficit. It’s concerning that neither candidate has a plan to address the deficit issue.
@ak1029863 ай бұрын
Raising taxes and fixing spending. Both are equally valid. I have heard cut spending all of my life.
@goma12x3 ай бұрын
I agree with Tudor but at the same time we must cut spending or this is all a waste
@drewm2172 ай бұрын
Does anyone know the website that PTJ is referring to where you can mess around with the govt spending and tax plans?
@stephendunton1613 ай бұрын
The root cause of this problem is finding a politician who believes this is a problem and wants to take action. Until that happens this is all noise
@kenRBoyle3 ай бұрын
I fully support major spending cuts in our budget. Let's start with the military budget.
@Quantitative_Teasing3 ай бұрын
The elephant in the room is social security
@xpkareem2 ай бұрын
Inflation ends up being a flat percentage rate tax that the Fed can crank up and down without congress. The inflation that started during covid till now essentially taxed every dollar about 20%. Where does the value of the that 20% go? It goes to people and other entities that owe money. It's a transfer of wealth from cash holders to everyone who is in debt- including the Federal government. Inflating your way out of debt works, but it's very inefficient and tends to make anyone who owes money and owns assets wealthier in the process- which tends to be people who already have a crapload of wealth.
@jejohnson1043 ай бұрын
what a tiresome interviewer. let him speak.
@reichjef2 ай бұрын
Deficit spending is good for the economy. It stimulates the economy and increases sovereign credit. It’s not a PNL sheet. The main check is the debt to GDP ratio, and the US is still lower than Japan. Japan has been redlining it since the 1980s and their economy is stable. It’s not booming, but that has to do with the middle income gap problem, not debt.
@Againstclownshows3 ай бұрын
Buy Gold, Silver, Bitcoin
@TheSlimjim135793 ай бұрын
I'm good on all those until 2026.
@michaelc73023 ай бұрын
why cant Sorkin just shut his pie hole and let Paul talk? I hate these CNBC anchors.
@BlackSwansFine-co6cd3 ай бұрын
We are bankrupt beyond comprehension. The debt based monetary system requires that debt be created in perpetuity. Exponential growth of debt is the only way to keep the system running until debt spikes parabolically to infinity, and we are getting very close, perhaps around 2030 to 2033.
@americaisanoblecountry24273 ай бұрын
We are already broke, have been for awhile now. HEELLLLOOOO
@rayarjomand65333 ай бұрын
You must also look at assets relative to debt. The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP). If Debt rises more slowly than value of assets (value of stock market, real estate, etc...) then that is Good because Equity (asset-liability) rises.
@paulnyagini3 ай бұрын
That is what I have been trying to say.
@hentaicrypto3 ай бұрын
doesn't matter nobody will be buying bonds
@hmcoolstuff3 ай бұрын
Any US government program that has been in effect for over 1 year should be evaluated for performance, and IF the program has delivered on its intended goal or demonstrated progress. The program should continue to be funded. If no progress has been demonstrated or there has been bad spending habits identified. The program should be SHUTDOWN and money re-allocated to the next program or to existing successful programs.
@kevinnoah-i4o3 ай бұрын
Trump is smarter than thus dude.
@raulmcgangbang68903 ай бұрын
we are broke yet we are rich
@derrickanderson97763 ай бұрын
Anyone know what website he's referring to around the 2 minute mark?
@lambchop212 ай бұрын
This guy lives in my town🙌🏽🙏🏽
@flymatt19683 ай бұрын
I’m sorry…..i dont understand. If i have too much debt at home, and it keeps growing, my response is not go out and find another job and earn more money. I guess it could be but then I’m exhausted….no I think what i should do is cut spending. Oh yah, that old trick.
@EdgarAlsop3 ай бұрын
Thanks for the analysis! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
@mikekorn69683 ай бұрын
@ 3:31 hey Sorkin... ha ha ha ha ha
@goodneighborsnetwork3 ай бұрын
Make Elon Musk the head of the Dept of Government Efficiency. You'll see how fast these problems get sorted out.
@IdanZ-x6y3 ай бұрын
We need to Start producing a lot of oil and sell it internationally. That will help a lot
@elcmu26373 ай бұрын
how can we be broke when we can print endless dollars
@LibertarianRF3 ай бұрын
What a sociopathic elite conman spokesman for the state... Like giving my broke drunk uncle more money would solve the problem
@eth15833 ай бұрын
Cut the government in half to start with.
@Sylverlee3 ай бұрын
What is the website he referenced that allows you to do a scenario analysis
@keithwebster71183 ай бұрын
I will make it easy for some of you to understand how bad our dept is. If we paid 1 billion each day to pay our debt.....it would take 35 thousand days or 100 years to just pay off our current debt.....this would not count what debt we incur as we are paying the current one off.
@paulnyagini3 ай бұрын
😂😂😂😂😂 . When the smartest becomes the fool. Why will you want to pay of all of the dept when you clearly know that dept is peg with money. To make it easy for you. Money is dept . The only different money is fix but dept compounds . If dept was to be paid of no money would exist in the circulation. If the us government wants to rely reduce their debt they should just quote there interest rates below the inflation rate. Or they should just propose negative interest rates instead. If you do your math large percentage of dept is interest not the principal.
@snoopcow3 ай бұрын
This guy wants everyone to work until they go 6ft under 🤣
@brendansmith78422 ай бұрын
Trump will never want them to expire. And people will scream to high heaven if payroll taxes increase. Number two would lose voters so fast. Only thing that works here is corporate tax...and it has unintented consequences
@whotoldyouboutme5 күн бұрын
hey your house is beautiful my names is Cayden and I promise I will have a house like this guy
@michaelmiele11773 ай бұрын
anyone know the website he references?
@wilee.coyote52982 ай бұрын
Grow the economy to lessen debt. More employment = more income taxes, and SS taxes, and medicare taxes.
@peterdangelo58823 ай бұрын
The working people have to be taxed much more to fix this mess. No thanks
@SilverMonsterCoind3 ай бұрын
IRS atutomated, Get rid of Dept of Education and move to state, Dept of transportation move to the state. Military put on Performance Based Logistics. Privatize prison at all levels. Privatize medicare. Stop taking the Social Security into the government and move the money into Gold and Bitcoin.
@JR-kp6wg3 ай бұрын
How about the government stops spending money on stupid things?!?!?
@HenkSneev3 ай бұрын
Tax hikes would only encourage more spending by congess. They've proven again and again that they will spend as much as possible, always. Interesting that nobody asks WHY medicare and medicaid take up half of the entire budget, and are continuously increasing way above GDP growth.
@jverderber3 ай бұрын
So make the middle class poor. If you give the Gov more tax revenue they will just spend more!! Isn’t he suppose to be smart?
@chazzwestlv3 ай бұрын
This is WEAK and a defensive mindset….you don’t lower your standards - but lots of government incompetence and inefficiency, cut all the stupid spending and then you grow the economy- you expand your income- you go on the offensive
@bearpolo36182 ай бұрын
One key assumption to inflate out of the debt is that the whole world are still willing to use the dollar. What if they don't?
@MrVito11803 ай бұрын
if trump wins; this guy should be our Treasury Secretary.
@gloriawitek64012 ай бұрын
Audit expenses ASAP. Then CUT asap. No wait, JUST CUT
@jonathanjones77513 ай бұрын
Spending is the problem. Discretionary spending needs to get gutted, defense spending needs to be slashed (cold day in hell before either candidate does that though). I like Trumps policies but his economic/fiscal policy makes zero sense. All the taxes he’s going to slash I did the math you’re going to need a 30% tariff across the board on every import to just get back to where you started. No amount of Oil will solve this problem. Kamala is no better though.
@markpatterson27643 ай бұрын
Check his appearence from a year ago,dead against equity investment which has gone straght up,these guys were in the right place at the right time with funding and connections and all the breaks they are no smarter or better than average at calling markets
@josephstupar33723 ай бұрын
Budget Line item veto would be a way to help, if we could get that back.