November 26, 2025 • 7 mins
LISTEN and SUBSCRIBE on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Think you’ve had one too many this Thanksgiving? The latest budget report is the real hangover. Chris exposes record-level spending, runaway interest payments, and a Congress unwilling to lift a finger to stop the waste. A sharp, witty, and sobering look at America’s financial mess.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Think you’ve had one too many this Thanksgiving? The latest budget report is the real hangover. Chris exposes record-level spending, runaway interest payments, and a Congress unwilling to lift a finger to stop the waste. A sharp, witty, and sobering look at America’s financial mess.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Budget numbers that will sober you up. First and foremost,
Happy Thanksgiving to everyone out there. Thank you so much
for tuning into the Watchdog on Wall Street Show, whether
it be the radio show, podcast, whatever it may be.
Thank you and all the best to you and your family.
God bless But but wait to say you might on
(00:38):
Thanksgiving that you might might have a tendency to drink
a little bit too much of the adult beverages. Hey,
it happens from time to time. Well, I got it
all solved figured out for you. Okay, you feel a
little bit tipsy, feel a little tipsy. What you need
to do is here to come back, come back and
(00:59):
listen listen to this very podcast because it'll sober you up,
that's for sure. All right, let's let's get into it.
The US budget deficit. Now again, we ran a budget
deficit that we haven't seen for the month of October
(01:22):
since COVID. Okay, remember COVID spending back in twenty twenty.
That is how big the budget deficit was last October.
Plus the damn government was shut down. Oh yeah, that's right,
total outlays for the month of October. I mean, what
(01:44):
the what were they doing? I mean, I just shut down.
Did you guys go to a spirit Halloween? And by
Christmas our Halloween decorations for all of the federal buildings
six hundred and eighty nine billion dollars? Oh oh, total receipts. Okay,
that's money coming in the door four hundred and four
(02:08):
billion dollars. A two hundred and eighty four billion dollar deficit. Right, actually, yeah,
right where we were back in COVID October October of
twenty twenty. All those those turffs, oh, let's turriffs, sALS
TERFs are making us rich. Yeah, Tariff tariffs were thirty
(02:30):
one billion dollars. Thirty one billion dollars are brought in
via tariffs, Individual income taxes two hundred and seventeen billion,
Social insurance and retirement. It's faika one hundred and twenty
eight billion um. Pathetic, quite frankly, Oh well, you want
(02:53):
to see where you want to take a look at
what we're spending on interest. H Yeah, interest on our
debt Euro one hundred and twenty billion for the month. Again,
Think about that number again, Think about what could be
done with one hundred and twenty billion dollars that were
not flushing it down the toilet. Okay, we'll do well,
(03:16):
you know, we'll do We'll do our interest expense again. Yeah,
I was trying to sober everybody up. You have too
much drink. You come back and listen to this. Twenty
four cents of every dollar and collected taxes goes to
pay interest on our debt. There was a was a
(03:37):
piece Wall Street Journal today editorial talking about doze it's
a doze eight doze world, and talking about the promise
of Doze. You know, they originally started out they can
make cuts of up to two trillion dollars, and it
came down to a trillion dollars when all said and done,
(03:58):
they've they claimed to have saved American taxpayers two hundred
and fourteen billion. I mean that's not chump change. But
they're basically shut down at this point in time. Give
you an example of just how nothing gets done. I
think I mentioned this today or two ago. Here on
the program. This will sober you up to pay attention.
(04:20):
Back in July, Tim Burchett passed a bill. We'll put
forward a bill that would end the sending of forty
million dollars a week to the Taliban past the House
of Representatives. The Senate has yet to vote on this bill,
(04:43):
and the forty million dollars continues to be sent to
the Taliban every single week. That the same Taliban. Yeah,
the same country after you remember this country, okay, young people.
I don't know if they teach it in the schools.
We had this you know, nine to eleven thing happened,
and you know, they had terrorists there al Qaeda, and
(05:05):
we invaded there and we you know, we just recently
pulled out and essentially we replaced the Taliban with the Taliban,
because you know, we're Americans and we feel like we're
omnipotent and we can plan a flag and all of
a sudden and entire culture is just going to start
listening to Britney spears. Didn't turn out that way anyway.
(05:27):
Now that we're out of there, we're out of there,
and we replaced the Taliban with the Taliban. Oh a
Taliban by the way that now has all of our
weaponry that we left there. We're continuing to send the
Taliban again. It's Taliban, I don know. No, no women
in schools again, very oppressive. Whatever it may be. Forty
(05:50):
million dollars a week of your money and my money,
and the Senate Senate won't even vote on a bill
let's passed the House to stop that. And I'm gonna
tell you why. I'm just going to the reason why
that those couldn't get anything done. Both Democrats and Republicans
are getting rich off that forty million dollars.
Speaker 3 (06:11):
No, trust me, I got you Republicans. Trump, Trump's got
the House, got the Senate. They all fall in line
most of most of the time, outside of Rand Paul
and Thomas Massey. And make no bones about it, they
would they would sign off on this in a heartbeat.
Speaker 2 (06:28):
No, no, no. You see, there are Trump loyalists, Trump
loyalists that want that money to continue to flow because
they might be invested in the companies that are handling it,
or the NGOs and all that good stuff USAID that
are filtering through Washington, DC. Because the forty million dollars
(06:48):
never makes it, never all makes it to the Taliban
never fear. Okay, a lot of it just goes through
the process of all the little Don Fernucci's there, all
the little Don Fernucci's in Washington, DC that are wedding
their beakgn you sober now, thank your friendly neighborhood watchdog
(07:12):
on Wall Street Chris Markowski again. Happy Thanksgiving everyone,
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Budget numbers that will sober you up. First and foremost,
Happy Thanksgiving to everyone out there. Thank you so much
for tuning into the Watchdog on Wall Street Show, whether
it be the radio show, podcast, whatever it may be.
Thank you and all the best to you and your family.
God bless But but wait to say you might on
(00:38):
Thanksgiving that you might might have a tendency to drink
a little bit too much of the adult beverages. Hey,
it happens from time to time. Well, I got it
all solved figured out for you. Okay, you feel a
little bit tipsy, feel a little tipsy. What you need
to do is here to come back, come back and
(00:59):
listen listen to this very podcast because it'll sober you up,
that's for sure. All right, let's let's get into it.
The US budget deficit. Now again, we ran a budget
deficit that we haven't seen for the month of October
(01:22):
since COVID. Okay, remember COVID spending back in twenty twenty.
That is how big the budget deficit was last October.
Plus the damn government was shut down. Oh yeah, that's right,
total outlays for the month of October. I mean, what
(01:44):
the what were they doing? I mean, I just shut down.
Did you guys go to a spirit Halloween? And by
Christmas our Halloween decorations for all of the federal buildings
six hundred and eighty nine billion dollars? Oh oh, total receipts. Okay,
that's money coming in the door four hundred and four
(02:08):
billion dollars. A two hundred and eighty four billion dollar deficit. Right, actually, yeah,
right where we were back in COVID October October of
twenty twenty. All those those turffs, oh, let's turriffs, sALS
TERFs are making us rich. Yeah, Tariff tariffs were thirty
(02:30):
one billion dollars. Thirty one billion dollars are brought in
via tariffs, Individual income taxes two hundred and seventeen billion,
Social insurance and retirement. It's faika one hundred and twenty
eight billion um. Pathetic, quite frankly, Oh well, you want
(02:53):
to see where you want to take a look at
what we're spending on interest. H Yeah, interest on our
debt Euro one hundred and twenty billion for the month. Again,
Think about that number again, Think about what could be
done with one hundred and twenty billion dollars that were
not flushing it down the toilet. Okay, we'll do well,
(03:16):
you know, we'll do We'll do our interest expense again. Yeah,
I was trying to sober everybody up. You have too
much drink. You come back and listen to this. Twenty
four cents of every dollar and collected taxes goes to
pay interest on our debt. There was a was a
(03:37):
piece Wall Street Journal today editorial talking about doze it's
a doze eight doze world, and talking about the promise
of Doze. You know, they originally started out they can
make cuts of up to two trillion dollars, and it
came down to a trillion dollars when all said and done,
(03:58):
they've they claimed to have saved American taxpayers two hundred
and fourteen billion. I mean that's not chump change. But
they're basically shut down at this point in time. Give
you an example of just how nothing gets done. I
think I mentioned this today or two ago. Here on
the program. This will sober you up to pay attention.
(04:20):
Back in July, Tim Burchett passed a bill. We'll put
forward a bill that would end the sending of forty
million dollars a week to the Taliban past the House
of Representatives. The Senate has yet to vote on this bill,
(04:43):
and the forty million dollars continues to be sent to
the Taliban every single week. That the same Taliban. Yeah,
the same country after you remember this country, okay, young people.
I don't know if they teach it in the schools.
We had this you know, nine to eleven thing happened,
and you know, they had terrorists there al Qaeda, and
(05:05):
we invaded there and we you know, we just recently
pulled out and essentially we replaced the Taliban with the Taliban,
because you know, we're Americans and we feel like we're
omnipotent and we can plan a flag and all of
a sudden and entire culture is just going to start
listening to Britney spears. Didn't turn out that way anyway.
(05:27):
Now that we're out of there, we're out of there,
and we replaced the Taliban with the Taliban. Oh a
Taliban by the way that now has all of our
weaponry that we left there. We're continuing to send the
Taliban again. It's Taliban, I don know. No, no women
in schools again, very oppressive. Whatever it may be. Forty
(05:50):
million dollars a week of your money and my money,
and the Senate Senate won't even vote on a bill
let's passed the House to stop that. And I'm gonna
tell you why. I'm just going to the reason why
that those couldn't get anything done. Both Democrats and Republicans
are getting rich off that forty million dollars.
Speaker 3 (06:11):
No, trust me, I got you Republicans. Trump, Trump's got
the House, got the Senate. They all fall in line
most of most of the time, outside of Rand Paul
and Thomas Massey. And make no bones about it, they
would they would sign off on this in a heartbeat.
Speaker 2 (06:28):
No, no, no. You see, there are Trump loyalists, Trump
loyalists that want that money to continue to flow because
they might be invested in the companies that are handling it,
or the NGOs and all that good stuff USAID that
are filtering through Washington, DC. Because the forty million dollars
(06:48):
never makes it, never all makes it to the Taliban
never fear. Okay, a lot of it just goes through
the process of all the little Don Fernucci's there, all
the little Don Fernucci's in Washington, DC that are wedding
their beakgn you sober now, thank your friendly neighborhood watchdog
(07:12):
on Wall Street Chris Markowski again. Happy Thanksgiving everyone,
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