Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

E.J. Antoni

๐Ÿ‘ค Speaker
636 total appearances

Appearances Over Time

Podcast Appearances

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

It's only a portion, although sometimes it feels like a lot more.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

It's a portion of their salary that goes to the federal government in taxes.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

But of that portion, there are a lot of other demands on the taxpayer dollar.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

And so only a small sliver of the portion of federal dollars is actually going to federal employment.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

What I'm getting at here, Vince, is that you're going to need about 80 or so private sector employees, on average at least, in order to finance a single worker in the federal bureaucracy.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

And so again, as you said, every time you get rid of one of these federal bureaucrats,

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

There's a tremendous relief in terms of the strain that you have on the private sector to support all of those public sector workers.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

It's a really big deal.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

A hundred percent.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

It absolutely is.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

And, you know, Vince, this is part of the reason why when we look at trends in government spending or if we look at government purchases, as it's called within the GDP report, we've seen really, really good progress in Trump's first term because you are reducing the overall amount of expenditure by the federal government simply by reducing the size of that federal bureaucracy.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

So, again, it's great, great progress.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

In fact...

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

If you look at in this last GDP report that we just got, I know people were disappointed by the headline number, but I actually wasn't.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

Part of the reason for that is if you look at how GDP is calculated, it includes government purchases, and that's going to include all of this spending at the federal level.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

Well, what happened at the federal level, if you just look at non-defense spending specifically, it fell by the fastest pace since 1972.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

Now, some of that was because of the shutdown.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

So there were certain purchases that are going to get pushed forward into the first quarter of this year.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

But it's also because this administration has made such great progress in terms of reducing federal expenditure.

VINCE
Team USA Hockey Heroes Praise Trump's Support After Gold | Episode 232

No, I'm happy to report, Vince, that the Hunger Games have not yet started in the United States of America.