Your Tax Dollars and the Toilet

Your Tax Dollars and the Toilet. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Ah, yes, flushing. Hear that sound the toilet flushing? Your
tax dollars being flushed down the toilet. Yeah, here we go, kids.
Big article today in the Wall Street Journal. Federal debt
is soaring. Here's why Trump and Harris aren't talking about it. Ummm,

(00:40):
because they're both cowards. And listen, it's not just not
just Trump and Harris, most most in the party. They'll
pay it lip service from time to time, but when
push comes to shove, no way are they cutting any spending.
And we will see leading up to the election in
one and alicis after another. All comparing economic plans and

(01:06):
what's better for the deficit and what's better for this
We're going in the wrong direction. Okay, going in the
wrong direction. No one is interested in balancing the budget.
And it's sad, but we are. In essence, you're stealing
from the future. Okay, that this is all this is

(01:28):
if you care at all about your kids, your grandkids.
This should be one of your most important topics because
that's exactly what's happening. Is you're stealing from the future,
is what you're doing. Anyway, just to put this in
a perspective, take up, take a look at your most

(01:51):
recent pay stub. Just take a look at it, because
you's get that little part there where it talks about
your Fed income taxes and what you pay. Right now,
half half of all personal federal income taxes are going
to interest payments. No no, no, no, no no no

(02:14):
not roads, uh, not the military, not food stamps, no no, no, no,
no interest payments. Your tax dollars are being flushed down
the toilet watch Dog on Wall Street dot Com