The government is spending so much money that it hurts production: Former World Bank President
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- เผยแพร่เมื่อ 7 ก.พ. 2025
- David Malpass, former World Bank president, joins 'Squawk Box' to discuss the state of the economy, the cost of excessive government spending, what to do about the national debt, inflation outlook, and more.
Governments are not financial experts.They are spending experts.
Sounds like this girl I know
With regards to our deficit, the blame doesn’t just stop with politicians. I blame the American people too. Any politician, whether it’s the President or a member of Congress, can’t publicly say that they want to cut spending, because then they’ll be required to say exactly which programs they plan to cut. If a politician mentions cutting Social Security, they lose the senior vote. If they mention cutting defense spending, they lose the military vote. If they mention cutting Medicare or Medicaid, they lose the elderly and the low income vote. We as Americans have gotten spoiled with these programs, and no politician has the political power to take that away.
Step 1 is to stop promoting wars.
Tax lobbying spending
Exactly that. I personally dont see the debt as such a big problem but i think it is hypocritical that politicians in opposition always demand spending cuts and when their president is in office increase spending.
The main problem like you said are the voters. They want spending cuts but everything should stay the same. It is always crazy when 80-90% agree on less spending but then they get asked where to cut spending always nothing gets more than 50% approval. Most of it is far less than 50%.
In Germany we have such a problem. Our Scotus took money away from the budget and then money was missing and the government try to cut spending and increase taxes people (farmer protests) were furious their subsidies decreased
thats the game they play to get votes..the problem lies it's time to stop the nonense and get all issues resolved asap
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Very true, you can be passively involved in the markets and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
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Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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It’s called living beyond your means!
Greedy Self loathing politicians will be the downfall of this country.
FJB
Speak out on government spending, indeed.
Well said, both!
finally some real commentary form the media well done Joe very well done !
Finally a voice of reason
The U.S is just copying what the chinese government doing, subsidize their industry. 😂😂😂😂
Get rid of massive tax cuts for the rich and the deficit disappears.
You don’t need to tax at the federal level when you can print your own money.
2:45 "people are desperate around the world because there is so much waste going on in the US". Sure, random people around the world speak all the time about that and blame the US for whatever happens to them.
Great video proud of you guys
Now these 2 fellows are talking about “central planning “. Since when did this spot become he an opinion segment instead of news
Life Is too Short anyway and i got old man 🚶♂️
Life is short, youth is finite, and opportunities endless. Have you found the intersection of your passion and the potential for world-shaping positive impact
Communism can be expensive ......!!!
AI is really deflationary. The gov debt demands inflationary pressure. The gov is going to be borrowing and spending a lot more money.
No one is paying attention to the success of these monopolies on our kids 😂
Heading to a depression
Joe speaks the truth.
"EV's that no one wants to drive" lol....sounds like an oil company shill. An ev is just electric propulsion....everything else is the same gawd these boomers 😂
Lol. Are these guys serious? They didn't put together a coherent thought between them.
Spending cuts by the US Governemnet? hahahahahahahahah :)
I'm tired of witchcraft activities it's pointless because i was expired since 1996 when i was 24 years old seriously 😐
Buy Bitcoin . Fiate money is dead . The value of fiate drops every day but bitcoin makes more gains the losses .
Joe doesnt know what socialism is
Cars
Rolls-Royce Motor Cars Limited is a British luxury automobile maker that has operated as a wholly owned
Lol blame the $ U.S. currency

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I'm too tired of witchcraft activities I've been Expired since 1996 seriously when i was 24 years old 😒
Life Is Short anyway and I got old 😅
Life is short, youth is finite, and opportunities endless. Have you found the intersection of your passion and the potential for world-shaping positive impact
Eat the rich. Eat the rich.
Lol the rich own assets and get richer bc of money printing while our rent and food goes up - the government and the fed who are REALLY screwing us
Wow! He was very politically biased and pro genocide. Just wow!
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