Tag: Spending

Jim and Greg wade into the sharp debate on the right over how to approach Ukraine, Zelensky, and their war against Russia. Their biggest frustration is the accusations being lobbed from both sides at anyone who shows the slightest bit of nuance on the issue. They also hammer Republicans for going along with tons of earmarks in the new omnibus bill – wasting countless more taxpayer dollars on frivolous projects. And they react to the Florida GOP pushing for the ouster of Republican National Committee Chairwoman Ronna Romney McDaniel and wonder why so many RNC committee members are so loyal to a leader with a pretty dismal electoral record.

Jim and Greg welcome the 14-year prison sentence handed down to former attorney and cable news darling Michael Avenatti for his crimes of corruption and they warn supporters of both parties not to fall in love with celebrities who happen to say a couple of things you agree with. They also slam Senate Republicans for being way too helpful in passing the Democrats’ lame duck agenda. That strategy apparently includes passing an omnibus spending bill instead of a short-term bill that would give the new House GOP majority much more leverage on appropriations. Finally, as former National Security Adviser John Bolton weighs a 2024 presidential run, they don’t believe his candidacy would go anywhere or be decisive in derailing President Trump.

 

America Faces a Doom Cycle but Nobody Seems to Care

 

America’s political class can no longer put off the inevitable. They soon will have to pay for their insanely reckless fiscal practices.

It’s not going to be pretty. America’s debt has reached an appalling $31 trillion. Annual interest payments will exceed $1 trillion this year. Debt service is well on its way to crowding out other priorities, a trend that will only accelerate.

Unfortunately, a steep rise in interest rates occurred near the end of the biggest spending binge ever. Economists are warning we are nearing the dreaded “doom loop” in which interest costs can be covered only by more borrowing, which further drives up interest expense, creating a vicious cycle.

Join Jim and Greg as they eagerly welcome news that national Democrats are “retrenching” their financial strategy for keeping the House of Representatives, which is the fancy way of saying they are pulling money from races they no longer think they can win. On top of that, a major pollster says there is no doubt that Republican candidates are looking stronger and stronger over the past few weeks. They also discuss the bizarre decision by Arizona Democrat Katie Hobbs to refuse any debates with Republican Kari Lake, even as more polls show Lake winning. Finally, they defend NBC reporter Dasha Burns as Democrats and their media allies savage her for sharing her honest observations of how poorly Pennsylvania Senate candidate John Fetterman holds up in casual conversation. They also blast the Fetterman campaign for keeping his health records under lock and key and blasting any honest assessment of his health as “ableism.”

Join Jim and Greg as they dive into a new poll showing Democrats underwater with Hispanic voters and what it means for the upcoming midterm elections. They also criticize the Biden State Department’s meek responses to missile strikes close to a U.S consulate in Iraq and Russian strikes near the Polish border. And House Speaker Nancy Pelosi comforts Americans struggling with higher prices at the pump and grocery store by assuring them that runaway government spending actually decreases inflation.

Join Jim and Greg as they serve up three bad but important martinis today. First, they roll their eyes as the Biden administration suddenly blames energy companies for high gas prices and suggests the Congressional Budget Office cannot be trusted if it gives the reconciliation plan a bad score. And they shudder as a a former high-ranking Chinese tennis player disappears after accusing a top government official of raping her. And the latest evidence, supposedly suggesting she is alive and well, actually makes us think exactly the opposite.

 

Join Jim and Greg as they welcome some non-conservative voices explaining that another massive spending bill will only make inflation worse.  They also cringe as 4.4 million Americans quit their jobs in September after 4.3 million did the same in August. And Jim throws up his hands as blue states are stunned that COVID cases are on the rise despite their high vaccination rates.

Join Jim and Greg as they welcome news that congressional Democrats are still far apart on a framework for their massive spending bill. They also explain the absurdity of the “billionaire tax” and how it would soon impact a lot of people who are not billionaires. And they roll their eyes as the State Department drops the ball on countless problems but celebrates the launch of the gender neutral passport.

 

Join Jim and Greg as they enjoy watching Terry McAuliffe make mistake after mistake in the homestretch of the Virginia governor’s race. They also welcome a Wall Street Journal report on the simple reality that only fossil fuels can meet our energy needs in terms of abundance and cost but fume that Democrats insist on pursuing policies that are not realistic and are sending prices much higher. And they they wince as reports suggest Democrats appear to be closing in on a consensus for a $2 trillion spending binge on far left priorities.

 

Join Jim and Greg as they welcome a new poll showing Americans are far more negative towards President Biden’s big government spending binge once they know tax hikes would be part of it. They also cringe as China repeatedly threatens Taiwan by sending dozens of fighters and bombers over the island. And they discuss the leftist activists who chased Sen. Sinema into the bathroom to air their political grievances with her and how the activists are receiving virtually no condemnation in the media or elsewhere on the left.

Join Jim and Greg as they cautiously cheer Sen. Joe Manchin for calling the Dems’ $3.5 trillion wish list “fiscal insanity.”  They also welcome the news that Senate GOP Leader Mitch McConnell was able to force Senate Majority Leader Chuck Schumer to agree to fund the government without raising the debt ceiling.  And they’re enraged as the government keeps doing more to thwart than assist private rescue missions out of Afghanistan.

Join Jim and Greg as they are glad to see Virginia Democrat Terry McAuliffe admit that Democrats don’t think parents should be able to tell schools what to teach their kids. Eroding parental rights is a growing movement on the left and Republican Glenn Youngkin is making McAuliffe pay for it in this year’s governor’s race. They also enjoy watching Democrats fight over their obscene spending agenda and which bloated bill must be passed first. And they roll their eyes as White House Press Secretary Jen Psaki says President Biden ignores press questions because sometimes reporters ask about subjects he doesn’t want to talk about.

 

Join Jim and Greg for three crazy martinis today! First, they cringe at the idea of taxpayers footing the bill for up to $50,000 in salaries for journalists in the new spending bill pushed by Democrats. They also fire away at President Biden and other lefties for trying to convince the public that their multi-trillion spending binge won’t add anything to the deficit. And they get a kick out of Beto O’Rourke criticizing Biden for being too tough at the border.

 

Join Jim and Greg as they welcome the surprising analysis from NBC’s Chuck Todd that Pres. Biden had a major credibility problem on many different issues. They also smile at reports that Democrats fear they won’t be able to pass the $3.5 trillion monstrosity in its entirety or maybe at all, and they point out just one truly absurd provision in the bill that would impact all of us. And they highlight White House Press Secretary Jen Psaki for her ridiculous contention that illegal immigrants are not planning to stay long in the United States.

Join Jim and Greg as they welcome Sen. Joe Manchin’s warning that another massive spending bill would saddle our nation with a lot more inflation and debt. They also wince as the August jobs numbers come in far below expectations. Is it really all due to the Delta variant or is there more to it? And they refuse to throw any shrimps on the barbie for the Australian government as the country goes crazy with COVID lockdowns and crushing freedom.

Jim and Greg cheer Wisconsin Sen. Ron Johnson for calling out the massive amount of deficit spending since the pandemic, how we don’t need the trillions more being pushed in Biden’s agenda, and how runaway inflation is a real danger.  He’s right, but will people listen after Republicans spent big when they had control?  They also react to a new report showing more than 33,000 people came to our southern border last month who were not from Central American countries.  And they shake their heads as NIH officials admit to Congress that the Biden administration never consulted with them before shutting down a State Department probe into the origins of the COVID pandemic.

Join Jim and Greg as they dissect three lousy reports that highlight deeply flawed Biden administration policies, from huge numbers of people coming to the border, to a record number of available jobs that aren’t being filled, to very disturbing inflation numbers. And each of these of these problems was easily foreseeable.

Join Jim and Greg as they welcome polls showing more Americans want their second amendment rights vigorously protected. They also go dizzy as President Biden trots out his third multi-trillion dollar spending binge.  And they react to a Vogue writer agonizing over whether to have a baby because she is convinced the child is damaging to the planet.

Join Jim and Greg as they marvel at some Democrats conveniently worrying about our massive debt just one day after passing a bloated COVID relief bill totaling $1.9 trillion and eyeing an even more expensive bill in a couple of months. They also discuss the sixth allegation of sexual harassment against New York Gov. Andrew Cuomo and when state Democrats will move from muttering things about resignation to an actual impeachment effort. And they discuss the mess at the southern border thanks to Biden’s deportation moratorium and stated plans of a pathway to citizenship for illegal immigrants.