The Mike Church Show

1st Trump Admin Item: Restore American Unity THEN Tackle Debt!

today11/07/2024 22

Background
share close
AD
AD

SPECIAL GUEST

Andy Schectman 

Miles Franklin Precious Metals

Website – https://milesfranklin.com/

Follow Andy on X – @MilesFranklin_

  • Happy Days Are Here Again!
  • I think from a standpoint of recapturing our culture that is a good place to start.
  • Financially I don’t think we will see much of a difference for a while.
  • You have the Congressional Budge Office by 2030 just interest on the debt would encompass 100% of all tax revenue.
  • We are very far down the rabbit hole financially.
  • From getting our country back, we have re-inspired people. 
  • I think we need to be realistic about the finances.
  • We have to start w/ spending $100,000 of debt PER SECOND!
  • We have to do this w/ open eyes.
  • Tight monetary policy and supply side economics – Arthur Laffer
  • If you were advising Trump what would you tell him to do?
  • First start by cutting spending.
  • We have a situation w/ inflation, the reigniting of the inflation, the options are very limited now.
  • Cut spending and cut corporate taxes and restrictions and do things here like drill to stimulate the economy, and all of this takes time.
  • The inflation genie people don’t understand that is here to stay.
  • $99 trillion shortfall in Medicare and that is part A.
  • The unfunded liabilities are massive for this country.
  • You can’t raise interest rates or you blow up everything.
  • This is years worth of distortions. 
  • Remove restrictions, manufacturing, massively trimming fat, cutting entitlements and all of that can’t even be addressed if he doesn’t take the House.
  • We need to look more long term and bigger picture.
  • We have painted ourselves into a corner and a dollar that is unjustifiably high.
  • Inflation is much higher than they tell us.
  • shaddowstats.com
  • 12,000 jobs created, 40,000 government jobs were created the month before that 78,000 government jobs created and the private sector lost 200,000.
  • That isn’t sustainable.
  • The bond market got crushed yesterday even though everything else went up.
  • It is a tricky situation but we can be optimistic to get our country back. 
AD

Written by: Justin Redman


AD
AD
0%