Peter St Onge Podcast Ep 99 Weekly Roundup: Yellen says Trump should Cut Spending
Dec 23, 2024
This week's discussion centers on Yellen's warning about Trump's spending habits and its potential effects on housing costs. Concerns about banks driving inflation lead to critiques of government spending practices. The rising national deficit raises alarms, with calls for deregulation to ease financial pressures on citizens. Additionally, the podcast delves into the political challenges of government spending and the questionable practices of both parties in addressing the mounting economic issues.
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Yellen's Fiscal Concerns
- Janet Yellen, after contributing to a significant increase in national debt, now expresses concern about fiscal sustainability.
- Her past actions as Fed Chair and Treasury Secretary involved substantial deficit spending.
Addressing High Housing Costs
- Cut government spending, implement specific policies like mass deportation, and address property taxes.
- Deregulation can also help alleviate the burden of high housing costs.
Housing Affordability Crisis
- High housing costs are impacting many Americans, forcing them to make difficult financial decisions.
- Government spending, high mortgage rates, and other factors contribute to this issue.
