GOING TO DO IT ANYWAY.
GOOD TO SEE YOU.
APPRECIATE IT.
LET’S BRING IN RUSS VOTE FOR
MORE ON THIS.
WHAT CONDITIONS OUR FINANCES
IN?
THOMAS, THESE NUMBERS, YOUR
EYES GLAZE OVER WHEN YOU HEAR
THEM BUT HOW COULD THIS
DESPERATE SITUATION OUR
FINANCES ARE IN AFFECT THE
ECONOMY?
>> WE HAVE A TERRIBLE FISCAL
SITUATION, 30 ONE TRILLION
DOLLARS IN DEBT, PEOPLE TALK
TRILLIONS AS IF IT IS DRINKING
WATER, THROWING AROUND
CONSTANTLY, NOTHING IS A REAL
PROPOSAL UNLESS IT IS IN THE
TRILLIONS AND ADS ON TOP OF IT
AND UNSUSTAINABLE SITUATION AND
WE ARE FACING 40-YEAR HIGHS IN
INFLATION, THAT WILL ONLY
CONTINUE, REPUBLICANS IN THE
SENATE HAVE AN OPPORTUNITY TO
CHANGE THAT, TO LET THE CAVALRY
ARRIVED IN JANUARY AND USE THE
FILIBUSTER TO BLOCK THIS BILL,
THEY HAVE A SHOT TO DO SO AND
ALLOW THEM TO REWRITE THESE
POLICIES AND START CUTTING
SPENDING IN THE NEW YEAR.
DAVE: WHAT REALLY BOTHERS ME
AND A LOT OF PEOPLE I TALKED
TO, STILL DON’T KNOW WHERE ALL
MONEY IS GOING, WE SPENT
TRILLIONS OF DOLLARS OVER THE
PAST SEVERAL YEARS FROM THE
PANDEMIC AND PART OF IT FROM
PRESIDENT BIDEN’S NEW WAY OF
LOOKING AT THE ECONOMY AND WE
DON’T KNOW WHERE THE MONEY IS
GOING.
AS FORMER HEAD OF THE OMB THE
OMB IS SUPPOSED TO TRACK ALL
MONEY TO CORRECT ME IF I’M
WRONG BUT IT IS THEIR JOB, ONE
OF THEIR RESPONSE ABILITIES. I DON’T THINK THEY ARE DOING
I DON’T THINK THEY ARE DOING
THEIR JOB, ARE THEY?
>> THIS ADMINISTRATION HAS BEEN
ROCK OF AN TRANSPARENT, DON’T
KNOW IF HE’S JUST NOT RELEASING
IT BUT IT NEEDS TO BE DONE
WHETHER IT IS COVID FUNDING OR
FUNDING FOR UKRAINE,
$38 BILLION FOR UKRAINE, WHERE
DID THE MONEY GO IN THE FIRST
PLACE AND EVERY SINGLE LEVEL OF
GOVERNMENT FUNDING, TRACKING
AND FIGURING HOW IT CAN BE
POOLED BACK TO GET A HANDLE ON
THE FISCAL SITUATION IN THE
YEAR. DAVE: SOMETHING ELSE I’M
DAVE: SOMETHING ELSE I’M
INTERESTED IN, K-12 EDUCATION
THEY RECEIVE $200 BILLION OF
MONEY, MOST OF IT DURING THE
PANDEMIC YEARS BUT THE AMERICAN
RESCUE PLAN CAME WITH $122
BILLION, A LOT OF PARENTS DON’T
SEE HOW THAT MONEY IS BEING
USED TO BETTER THEIR KIDS
EDUCATION.
IF ANYTHING IT HAS GOTTEN
WORSE.
>> TAXPAYERS NEVER SEE THE
BENEFIT OF MILLIONS OF DOLLARS
BEING SPENT.
WE SPENT SO MUCH IN THE MIDST
OF COVID, THERE NEEDS TO BE AN
ACCOUNTING AND THE RUSH WITH A
LAME-DUCK CONGRESS TO SPEND
MORE MONEY AND DO IT BECAUSE
THERE ARE RETIRING SENATORS,
THAT’S NOT THE REASON FOR WHY
YOU PASS A BILL.
YOU’VE GOT TO TAKE TIME TO
FIGURE OUT WITH A NEW CONGRESS
WHAT YOU CAN AFFORD, WHERE THE
MONEY HAS GONE AND WHAT ARE THE
NEW POLICIES YOU PUT IN PLACE,
THE THEY HAVE AN OPPORTUNITY TO
DO THE RIGHT THING.
MY HOPE IS THEY TAKE IT.
DAVE: ONE OF THE GOOD THINGS WE
MENTIONED WITH PREVIOUS GUESTS,
AT LEAST WE STILL HAVE THE OUTLINES OF THE TRUMP TAX
OUTLINES OF THE TRUMP TAX POLICIES AND WE ARE USING THAT,
POLICIES AND WE ARE USING THAT,
AND HOW MUCH IS THAT, ON THIS
ROUGH PERIOD,
>> THE LAST THING WE WANT TO DO
IS REPEAL THE TAX INCREASES ARE
NOT EXPEND THEM.
WE ARE PUTTING FORWARD A BUDGET
IN A WEEK OR SO AND WE FULLY
EXTEND ALL THE TRUMP TAX CUTS,
KEEP THE ECONOMY GROWING
BECAUSE YOU CAN’T BALANCE THE
BUDGET WITHOUT A GROWING
ECONOMY.
YOU CAN’T BALANCE THE BUDGET
WITH ONLY A GROWING ECONOMY BUT
IT IS ONE OF THE 2 MAIN
PRINCIPLES, THE OTHER BEING
DRAMATICALLY REDUCING SPENDING
PARTICULARLY ON WEAPON ICED
GOVERNMENT, THAT’S WHAT IS
NECESSARY, REPUBLICANS HAVE AN
OPPORTUNITY TO DO BOTH, TO MAKE
SURE TAX CUTS GET EXPENDED AND
GO AFTER SPENDING WITH ABANDON.
DAVE: WOKE AND WEAPON ICED