CNBC needs to perform drug tests before they let their guests on! 😂

@993mike

7 күн бұрын

My god, this clueless millennial liberal used to work in the treasury department?? Unbelievably naive! 😮

@TempoPrimo2023

7 күн бұрын

Agreed, the twats Kumar and Sorkin started to d-splain with b.S. the minute Kitty started provided fact-based responses to their twatness.

@patrickpontee7985

2 күн бұрын

you got this right

She literally has an ANTIFA book over her right shoulder

@TempoPrimo2023

7 күн бұрын

LOL, so she's antifascist. So, you're ok with Nazis? I presume so, when the war happens, Lt. Raine is collecting your scalp.

@titusp9488

3 күн бұрын

yeah...reading is evil

you can tell she likes to protest as a hobby

@GeorgeSchneider8889

7 күн бұрын

Didn’t Andrew Jackson pay off the national debt? What happened then? Economic growth? Prosperity? No, it was followed by a financial depression. What is needed is taxation to redistribute wealth.

@james-kh7oi

6 күн бұрын

@@GeorgeSchneider8889 high taxes will settle Nothing. thanks

@jacobwaddell6075

6 күн бұрын

@@GeorgeSchneider8889high taxes don’t fix an out of control and bloated government spending / government problem

@GeorgeSchneider8889

6 күн бұрын

Reagan is the one who started the deficit cycle by cutting taxes for wealthy. Then it was Bush and Trump. What are you talking about?

@GeorgeSchneider8889

6 күн бұрын

How the deficit cycle was created? Something about Reagan, Bush or Trump?👀

That woman is nuts 🥜

@harrychu650

7 күн бұрын

She obviously doesn't know what MMT is. It is amazing how these people get on these infomercial stations.

@austinbradshaw3636

7 күн бұрын

They need to ask this lady when the interest on debt reaches a certain percentage of the national budget does it become a problem. Even Biden’s proposed tax rates leave the government in a budget deficit that contributes to this whole mess. Imagine how bad interest payments would be if interest rates were even slightly higher.

@TempoPrimo2023

7 күн бұрын

@@austinbradshaw3636 Trump's tax-cuts is why we're here. Buy you can't be honest with yourself.

@austinbradshaw3636

7 күн бұрын

@@TempoPrimo2023 The national debt has gone up under Obama, Trump, and Biden. Biden’s proposed tax plan still leaves a large deficit. That means spending is the primary issue. Unless the national debt goes down, the problem won’t go away. Unless you plan on inflating away the value of the US dollar.

@btcberg3615

6 күн бұрын

BITCOIN OR LET PEOPLE LIKE HER TAKE EVERYTHING YOU HAVE THROUGH INFLATION

Kitty is a liar.

@james-kh7oi

6 күн бұрын

got that

@GeorgeSchneider8889

6 күн бұрын

A history of the top marginal tax rates on the wealthiest Americans: 1940: 81% 1950: 84% 1960: 91% 1970: 72% 1980: 70% 1990: 28% 2000: 40% 2010: 35%

@lk4131

5 күн бұрын

She is correct 100%

Kitty sure needs to go back to school

@TempoPrimo2023

7 күн бұрын

You too.

@nickvin7447

7 күн бұрын

@@TempoPrimo2023 Chupar a big one.

I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?

@PaulineJones7

5 күн бұрын

I bought into NVIDIA around September last year because my financial advisor recommended it to me. She said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.

@MariePrater

5 күн бұрын

@@PaulineJones7 That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trends that are difficult for the untrained eyes to see.

@MerlinPetit

5 күн бұрын

@@MariePrater That's a great tip. I'm setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?

@MariePrater

5 күн бұрын

@@MerlinPetit Victoria Carmen Santaella is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.

@MerlinPetit

5 күн бұрын

@@MariePrater I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

She looks like she went woke and ended up broke.

@jdt1236

7 күн бұрын

Notice how no one has a substantive response to what she said.

@TempoPrimo2023

7 күн бұрын

@@jdt1236 You're wasting your time, Nick quotes Ron Dumb@$$ for his "witty" quotes.

@nickvin7447

7 күн бұрын

@@jdt1236 You want us to list all of the ways she is factually wrong? We can do that.

@nickvin7447

7 күн бұрын

@@TempoPrimo2023 Should we check your green card?

"Kitty Richards, former Treasury official" Perhaps that's part of our problem? 🤷‍♂

@14534

7 күн бұрын

Summed it up succinctly and well. Have a bunch of non-serious thinkers like her steering the ship. What a cluster.

@TempoPrimo2023

7 күн бұрын

@@14534 LOL, the guy who's too afraid to post his name (14534) thinks he knows what a serious thinker is. *SAD*

@CasualObserver-jx4zh

7 күн бұрын

“Dedicated policy professional with experience designing, advocating for, and implementing progressive economic policy at both the federal and local level” Idiot Policy Wonk

@14534

7 күн бұрын

@@TempoPrimo2023you don’t think she’s a total political hack and joke? How can you take seriously anyone who doesn’t view our ballooning national debt and interest expenses as a problem? My name notwithstanding.

@TempoPrimo2023

6 күн бұрын

@@14534 She's not a hack because she's providing rationale as to why certain previous causes of high deficits were unproductive and how current measures will payoff over the long term, unlike tac-cuts for the uber-wealthy. Yes, it spurs growth but only for the near term, then leads to the very thing people complain about: deficits.

Can you please invite guests that are serious thinkers . These people sound just like politicians .

@mmmfriday

7 күн бұрын

Seriously

@TempoPrimo2023

7 күн бұрын

Please have posters who are serious thinkers.

OH YES, PAYING SALARIES IN UKRAINE IS MORE IMPORTANT THAN HELPING THOSE WHO LOST THEIR HOUSES IN HAWAII, OR ONE WHO IS NOT ABLE TO PAY FOR HIS MEDICATION....JUST INTRODUCE COMPETITIVE BIDDING FOR SPENDING ON ARMS AND AMMUNITION - YOU WILL SUDDENLY SEE AMERICAN PRODUCERS WILL REDUCE THEIR PRICES BY 50% IMMEIDATELY

@btcberg3615

6 күн бұрын

BITCOIN OR GO DOWN WITH THE SHIP 🚢

Lady … go back to school and retake Econ 101 !

@james-kh7oi

6 күн бұрын

I am thinking, she shows the Problem with Our Education System.. Thanks

Communism can be expensive ......!!!

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

@MildredKehoe

7 күн бұрын

Some strategies could be put in place for solid gains regardless of the economic situation, but such execution is usually carried out by an investment specialist.

@LisaSchulte53

7 күн бұрын

@@MildredKehoe I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

@TrishHarrington

7 күн бұрын

@@LisaSchulte53 Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

@LisaSchulte53

7 күн бұрын

@@TrishHarrington Just research the name, Victoria Carmen Santaella. You’ll find the necessary details to work with a correspondence to set up an appointment.

@TrishHarrington

7 күн бұрын

@@LisaSchulte53 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.

Kitty is crazy

@fastmph

7 күн бұрын

But she has beautiful brown eyes. Maybe she’d be good on magazine covers?

@TempoPrimo2023

7 күн бұрын

@@fastmph Maybe she'll put out to you ..... NOT!

@TempoPrimo2023

7 күн бұрын

So are you.

@fastmph

6 күн бұрын

@@TempoPrimo2023 You’re on the wrong forum.

@southrichmondtofl

4 күн бұрын

only thing she is missing is purple hair.

Why do we never address spending? I work as a Financial Planner and the first thing we do is look for expenses to cut or eliminate........

@btcberg3615

6 күн бұрын

BITCOIN OR GO DOWN WITH THE SHIP 🚢

Bank debt is a problem. 200 Trillion in derivatives debt. Govt debt is peanuts.

Lordy. This is a conversation about the debt and deficit, and immediately, this broad says she's less focused on those. WTF did you come on then?

This woman is CRAZY!!!!!!! No clue what she is talking about.

@TempoPrimo2023

7 күн бұрын

Neither do you. LOL!

@dreamweaver80

7 күн бұрын

@@TempoPrimo2023 True! LOL, which is why I don't talk.

She doesn't live in reality

She's bannanas

@TempoPrimo2023

7 күн бұрын

She's smart and you're ignorant.

Start with cutting “entitlement” military spending

@cutehumor

7 күн бұрын

the government never has problems with military spending and foreign aid for foreign wars.

@ytechnology

4 күн бұрын

2:10 Andrew: "Are you an MMT'er?" Because that's only for military spending, and nothing else. There's a reason MMT means Military Money Theory. BTW, our military spending is greater than the spending of the next 10 countries combined.

America's only hope is that both of these candidates are rather old, so if enough people pray then maybe they'll kick the bucket😂

Holy cow, as a finance professional who looks at numbers and all this stuff as a job. Everyone here missed the mark on this. But that women is absolutely wack and flat out wrong! Unreal lmfao!

Tell her when the government can pass an audit then they can raise taxes

This lady doesn’t get it. People are running out of cash while having two jobs. Rick people need a reset

People making arguments that we need to raise taxes so we have bigger government. The conversation is bigger or smaller government…not taxes.

The tax cuts help to drive the debt, no doubt about that. But Entitlement Spending is only half the spending issue. We need to discuss our exploding Defense Spending!!!!

Andrew Jackson paid off the debt. Did it result in prosperity? No it led to a severe financial depression. From 2000 to 2024, $5.5T were spent in stocks buybacks instead of being reinvested into creating new jobs. They weren’t taxed until 2023 at 1% rate. Taxation is the issue, not the debt

People who think like Kitty Richards is one of the major reasons we have such an out of control national debt. The interest alone will force budget cuts to programs that she is advocating for. China, Japan and other foreign countries have stopped buying US securities that fund our national debt. If Richards is advocating printing money then that will cause inflation which will hurt poor people.

Easy, just remove the SS cap, thst simple.

@teebone2157

7 күн бұрын

It's that easy, but they will never do it because their donors will complain.

@teebone2157

7 күн бұрын

They refuse to do it because their donors will complain.

@austinbradshaw3636

7 күн бұрын

So what happens when those high earners start collecting massive amounts of SS? Let me guess we cap how much SS benefits high net worth individuals can receive.

@kyleolson9636

7 күн бұрын

@@teebone2157 They will never do it because the upper middle class would complain even more than the wealthy. Someone earning $10 million per year losing an extra $1 million of it in taxes isn't going to feel it. A family of doctors / lawyers / engineers / etc. making $400k per year losing $1500 per month from their budget is going to be noticed.

@ryanwalters6184

7 күн бұрын

​@@austinbradshaw3636 yeah ez. That should be step one. If you don't need money to survive, you shouldn't get it. The people that got money don't care about social security. It's more about principal to them. 😂

We should not be talking at all about tax increases !!!! The government spending is out of control and needs to be cut significantly. That lady is a complete clown

I finally found an instance where I agree with Andrew.

@fastmph

7 күн бұрын

I thought the same thing!

Saying spending is not a problem is why Americans are so in so much personal debt.

Kitty represents treasury officials. Explains why things are the way it is. Kitty be kitty.

Did not want to comment but Kitty is clueless!

You can tax every billionaire 100% or even take 100% of their assets it won't last 1 year of government spending.

That lady is part of the problem. Spending is out of control . Everyone know it too!

The only hope, be it a small one, is to grow your way out of the deficit. Unfortunately, we have an administration that is slow growth and gov't redistribution.

@TorukMaktoDracarys

7 күн бұрын

Best comment so far, we need to go back to 19-63/20-17 both accomplished those goals while helping US 🇺🇸 get ahead as the gentlemen shown chart illustrated. Cheers 🍻

@btcberg3615

6 күн бұрын

The guy leading the country is slow

The inflation reduction act is an investment/Loan that only has an ROI for Americans if production comes back to the United States. Second we cannot police the world and provide billions in aid to countries. We have to stop aid to the middle east and reduce defense spending especially since the oil goes to other countries not the US. The budget surplus up to 2000 came from reducing defense spending not entitlements.

@jordanslingluff287

7 күн бұрын

The USA is the largest producer of oil in the world and has been for most of the past 100+ years.

@kyleolson9636

7 күн бұрын

@@jordanslingluff287 The US didn't become the largest producer of oil until 2013. If you look at just crude oil we weren't the top producer until 2018.

@jordanslingluff287

7 күн бұрын

@@kyleolson9636 That's total B.S. The US and Russia have switched places a couple times in the past hundred years.

@kyleolson9636

7 күн бұрын

@@jordanslingluff287 Yes, I did misread your comment. Of the past 100 years, the US has been the top producer of oil for about 60% of that time. But since it lost that title to Russia 48 years ago it hadn't been the #1 producer until it regained the title in 2013. I'm only in my 40s so the US hasn't been the top producer for most of my life. But if you go back 100 years, the US produced 5 times more oil than the #2 country (Mexico).

Trumpty Tax Cuts, increased revenue 3.31 Trillion to 4.89 Trillion in 2022. Sweetheart, has some learning ahead, for "Convenience". thanks

Cut defense.

How about we stop cutting taxes, and stop spending money we don't have.

BITCOIN OR GO DOWN WITH HER SHIP 🚢

What entitlement? It’s just another couple of trillions. It’s nothing to worry.

What would you think of a financial advisor who keeps all your money invested in US Treasuries, and vastly underperforms a 60:40 portfolio? That’s what the government does with the money you contribute to Social Security. If that money were handled in proper fiduciary manner, Social Security would have no problems with payments. Your contributions are being used as a slush fund for other Congressional priorities, and then they tell us that our promised benefits are “entitlements”. I am “entitled” to my contributions being handled in a fiduciary manner, not as a slush fund.

@link10909

15 сағат бұрын

We were at gun point forced to pay into a pyramid scheme. There is no fiduciary responsibility owed by con artists to their marks. But what's done is done, our job should be to end the scheme and make the responsible parties go the way of ole Bernie Madoff.

No you have to address the border tax evasion and funding wars

@Watcher1-jr5lo

7 күн бұрын

The US has been in 108 wars since 1776. If you have a plan to address that, they will give you a Nobel prize.

@roberthamill6326

7 күн бұрын

We're in WW3 You Coward !!

Rohit is right. He follows/ understands the data. That Kitty chick is clueless (and rude).

@ezyryder11

3 күн бұрын

She was the one being interrupted. He was rude.

Kitty will be eating cat food when this house of cards comes crashing down

This lady is Craaaaazy !!

Federal debt is a distraction. Wow!

A better question when are we going to address the almost one trillion dollars a year in military spending.

flat tax baby.....for everyone.....why would the GOP not want that?

I think congress should take a pay cut every year they can’t balance the budget. And stop paying for Ukraine’s war nonsense.

She can vote and so can a lot of people who think just like her 🙄

There is no shortage of spend side "economists".

Let us start reversing all new govt expenditure all the way back to last time we had surplus. How about taxing all income as income without special considerations.

Glad he’s pushing back on her. She’s out of touch

Kitty Richards For President! Her apparent Slogan Tax cuts are bad and ruin the economy, where as raising taxes, borrowing more money and increasing the national debt will improve the economy. Who would have thought that increasing the national debt and raising taxes was are best option 🤔. Good thing Kitty is here to set record straight 🙃

OF COURSE, IF YOU HAVE SEEN YES MINISTER OR YES PRIME MINISTER, YOU WOULD KNOW THE SIMPLEST WAY TO AVOID PAYMENTS FOR UNEMPLOYMENT INSURANCE IS - TO DENY INSURANCE TO ANYONE WHO WERE OFFERED A JOB TWICE WHICH HE DIDN'T TAKE... SOMETHING IN IT. ALSO REJECTING FOOD STAMPS REQUEST FOR ANY HEALTHY INDIVIDUAL AND RESTRICT ONLY TO OLD, DISABLED, AND CHILDREN

There must be more cliches she can throw in there

1 will be forever grateful to you, you changed my entire life and I will continue to preach in your name for the whole world to hear that you saved me from a huge financial debt with just a small investment, thank you mrs Elodie.

@ChitrangJinturkar

7 күн бұрын

she's mostly on Telegrams, with the user name.

@ChitrangJinturkar

7 күн бұрын

Elodie414 👈💯

@ChitrangJinturkar

7 күн бұрын

@Elodie414 This is it👆👆

Debt is not a problem, US government can just simply default on those debts, but you only get to do it once in a lifetime, cause dollar will collapse, so pick the right timing is technical.

Kitty Richards apparently attended the Karl Marx school of economics.

Yet, he skipped over the cost of living of most Americans.

I have to give cudos to Andrew.. he really calls out this lady for what the deficit is all about. she talks like a politician instead of an economist...example why does a high ranking politician has to have a bullet proff Cadillac suburban instead of a Chevrolet bullet proff suburban the Chevrolet is more affordable..and built on the same chassis..

Yes, definitely a m m t’er. Some are just unlovable. Very entertaining CNBC.

Kitty is a quack. I have no idea why they keep putting her on. Glad Andrew pushed back.

You want assistance with the National Debt just call your buddy Trump and see if he can get the corporations and Billionaires to give their huge tax windfall back. I'm sure they'd be happy to oblige.

Corp tax rate up 5%. That'll fix the debt.

@stephenlight647

7 күн бұрын

It will “fix” economic growth as well….

what no one talks about is that we went from 6 billion people in 2000 to 8 billion in 2023? and 10 billion by 2050. Without corporate tax cuts, jobs will go overseas. we have to lower out standards of living.... wait until africa takes off....

WHEN DID SHE GOT A LOBOTOMY ??????????????

Are these people real!

This lady is nuts!

Seems that bemoaning the loss of Big Government spending and loss of control by talking heads is the problem. Old saying that’s true, along the lines of “keep it simple, stupid”

Kennedy 2024!!! Only one talking about the national debt!!!

As away. You will screw the Veterans. Always. And use Im sorry man. You know the government. We just fellow the rules.

This discussion with her was a waste of time.

Kitty is an ideological mouthpiece who is a big part of the never-ending debt problem. (voters are the biggest problem, and the sections of the population that vote the most are sucking up most of the country's wealth. VOTE!)

Seriously CNBC? You call lunatics as guests?

Kitty is wanting a "Great Reset"

When not even Socialist Andrew agrees with you, that's when you know that Kitty has gone off the deep end, like really Deep. Here Kitty, Kitty

@TempoPrimo2023

7 күн бұрын

Andrew is a socialist, stable genius.

Wow, can this lady go to school first. What is she talking? 2008 crisis was caused by housing and not by debt? Wow. so amazed.

Spend more! 😂😂😂😂😂

Jesus, she doesnt believe theres a problem because it crosses her moral beliefs

She is insane

Kitty did not appear to want to discuss the problem in a serious manner. That was a mistake given the opportunity to present a realistic set of solutions, rather than pander with political positions. That approach empowers Congress to continue their irresponsible spending (both parties), continues to avoid the problem as it grows, and does not educate the US citizens on the issue.

STOP cutting off Andrew, Kitty!

She’s delusional

Kitty is not a serious guest. Clearly she is a MMT’er

Kitty..... dodging questions. "Debt is ok", "it's not about spending it's about meeting people's needs." Pure socialism. Yes she is an "MMT"'er

@Stockavelli

6 күн бұрын

She's intentionally ignoring that government spending enables over borrowing

she’s definitely an MMTer Andrew

What she is talking about?

This is another way of saying that there is NO plan to fully fund Social Security. The only fix is cutting benefits and raising the eligibility age. Keep this in mind when using SS calculators that recommend you wait till 67 or 70 "to get more benefits". How can you get more benefits later when they are constantly cutting benefits?

When Sorkin is the deficit hawk in a conversation you know the guest is senseless! 😂

Haha you can't spend enough money! That's a Democrat for ya

This lady has anti-charisma.

Did she really start her entire response by redirecting into a solution of spending more to subsidize family housing, education, infrastructure lol.

Kitty is clueless.

Tax cuts don’t add to the deficit learn math. Spending adds to the debt