Episode Transcript
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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):
DOZE is dead. Yes, those's officially dead. Let's be honest.
It's been on life support since Elon Musk has left
the United States. The United States has officially added two
point one trillion dollars of debt since DOZE was formed
(00:39):
on January twentieth. That's six point five billion dollars per day. Okay,
this this is the reality. They threw Elon Musk out.
They got rid of doosee. Democrats didn't want it, Republicans
(01:00):
didn't want it. Again, this was DOZE was put together
to reduce the size of federal agencies, to cut the budgets,
redirect work to different priorities. It actually did have another
eight months left on its mandate. Again, it has been
(01:21):
killed off. It's been killed off again. I'm I take
my little go back in time, you know, to Trump
first being inaugurated, in the the excitement surrounding DOGE and
the things that we're going to be done and the
efficiencies that we're going to be created, and getting rid
(01:43):
of us AID and all these things. You know, we
heard about them. You know, we heard about them. We
talked about them here on the program. You do realize
that none of this stuff has been shut down, all
of these bills to stop aid to like the Taliban,
they're just sitting there collecting dust. They never been voted on.
(02:06):
They're gonna, you know, don't let them slide. They'll let
them go and then these things will be up and
running again. Because the swamp Capital City, Allah hunger games.
They need to get paid. A lot a lot of
people in Washington, d C. Need to grift and get paid.
And this is this is where your tax dollars go, folks.
(02:31):
This is where this is where your tax dollars are going.
Had a shot, had a shot, and then you know,
they quit. Trump quit on the whole thing. He quit
on Musk again much too. My disappointment and many others
(02:53):
out there. Again, I I don't understand. I don't understand
how people that voted for Donald Trump, like myself, that
was thrilled with this, we're demanding these types of things
that be done. I don't know how you let this slide.
(03:15):
I don't understand how you're not up in arms about this.
We're thirty eight trillion dollars in debt. Thirty eight trillion
dollars in debt. We are going to spend one point
two trillion dollars this year in interest payments on our
Think about that every single time you go over some
(03:37):
rickety bridge that looks like it's going to come down,
or your car hits another pothole, and you look at
all of the infrastructure problems we have in this country,
the issues that we have everywhere, and think about the
amount of money we're spending on interest payments that's just
getting flushed down the toilet. Could have done something about it.
(04:00):
And you know, I guess we got tariffs and this uh,
you know, perpetual lie that the terriffs are going to
pay down the debt. Okay, sure, and we've collected trillions
and dollars of them. We haven't. It's it's, you know,
quite frankly, it's it's frustrating. It's frustrating, to say the
least for anybody that actually cares about, uh, the future
(04:23):
of this country and your kids and your grandkids, because
they're the ones that you're you're putting this on, You're
putting on their credit card. That that's what you're doing.
You're putting on their credit putting on my credit card. Okay,
I'm paying a credit card. Now, it's going to be
on my kids credit card. It's gonna be on my
grandkid's credit card. And ah, I guess you don't care.
(04:48):
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