From LA Riots to BBB: The Real Crisis Facing America | This Week's Economy Ep. 116

There’s been a lot of conflict making headlines lately—from the clash between Elon Musk and President Trump over the “Big, Beautiful Bill” (BBB) to riots in Los Angeles sparked by immigration raids. These events all point to the true national emergency: overspending in Washington. Congress has a critical opportunity to take action. As a strong advocate for sustainable budgeting, we must cut current spending, not just slow the growth as in “DC speak,” but actually reduce spending to at least 2019 levels before COVID nonsense, and cap annual spending growth to a maximum rate based on population growth plus inflation. Instead, lawmakers discuss raising the federal debt ceiling by up to $5 trillion with the BBB. In this week’s episode, I explain why now is the time to restore fiscal discipline. Americans are already feeling the strain of rising costs due to inflation. Our leaders have the power to address this crisis by tackling Washington’s out-of-control spending.  You can catch the full episode on YouTube, Apple Podcast, or Spotify. Visit: VanceGinn.com Subscribe: VanceGinn.Substack.com