The current political factions have put us into a debt of $29 Trillion. How did we get here, Gary asked us? We let them waltz in and do it. The Marxist and Socialists have been winning the elections, and they believe that it gives them the open to spending more. First, they were talking about spending $10 Trillion but was pushed to $6 Trillion. Then these same politicians were caught lying, changing the theme of the bill from basic infrastructure to “human” infrastructure.
The same Marxist and Socialist believe that the government can afford anything. It’s not your money, they say, so screw you. Gary thinks that if they get their way, these people will crush this country. Furthermore, Gary adds that this is relatively new. We did not talk like this even when Obama was president. Compared to these people, Obama might as well be Ronald Reagan, claims Gary. They are trying to maintain control of the population. Their plan to tax the “rich” is in its own way an attempt to keep people from wanting to climb higher.
Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.
More Money Talk 1010 Highlights From This Week