When you order your my pillows Mike is going to also give you free shipping don't delay order now. Once upon a time. Now an energy is what you have when humans waste. Energy hogs trying. For he knew that would. Look for 3 days. For he had brains so they said presently they came upon a tiny. Windows. I hope at least the 2nd bathroom only his brains were. Playing games that any. Interim energy helped out. To waste energy and had to use the disgusting restroom at the gas station down the grate and the moral of the story is. Not. Broadcasting. School massacre. I mean it's funeral services have been held this afternoon for a Pakistani exchange student one of 10 people killed during a school shooting massacre near Houston correspondent Jim Hutcherson reports officials are discussing solutions Texas lieutenant governor Dan Patrick blamed the deaths in part on too many school entrances we need to get down to one or 2. Schools you have the necessary exits for fire of course but we have to follow our students into our schools so we can put he also said teachers should be armed and parents should store guns safely at home meanwhile Virginia Democratic Senator Mark Warner called for some degree of gun control. The U.S. And China are working on a wide ranging trade Treasury secretary. Fox News Sunday there's been a breakthrough of putting the trade war on hold so right there we are we have agreed to put the terrorists on hold while we try to execute the framework the president has been very clear since the 1st meeting with President Xi and our allies go bad it is we are going to reduce the trade deficit we have an agreement with China that they will substantially agree to it the price of gasoline has spiked by $0.10 over the past 2 weeks with regular now averaging $3.00 a gallon nationally industry analysts tell the Lundberg says several factors are to blame hero prices did go up that translates to part of this dime the rest comes from refiners passing through their higher costs the rest of the phase end of summer grade gasoline and we founders are trying to recover from a lost a margin they suffered loss of margin on gasoline between last December and through March the most expensive gasoline in the country is found in San Francisco where motorists pay 379 a gallon the cheapest is in Baton Rouge Louisiana I mean commutes. 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From the K S F O traffic center I'm Jim Barto we have a disabled vehicle and go on for a westbound checkable of ours the off ramp there is blocked in Pittsburgh an entry crash on for a westbound at Loveridge road has the off ramp blocked in those Gatos they are still working to clear that accident on 17 northbound at Idlewild a road that soft on the right shoulder now and out of the roadway in Los Gatos on 17 northbound south of Santa Cruz ave the left lane is blocked by a crash and a word we have an entry collision on the 80 southbound north of west a street that's off on the right shoulder for a tire next to the carpool lane in Hercules on 80 westbound east of Highway 4 and in Livermore We have a disabled vehicle blocking the number 2 lane on 5 US bounded North plain road and we do have that high wind advisory in effect for the area bridges I'm Jim Barto Talk Radio 560 K. S.F.O. Thank you in ways that you know when it comes to fighting crime he's never going to roll over he's McGruff the Crime Dog roll over here OK Joy thanks and I got 2 words to make your neighborhood safer coffeecake are the old poison coffee cake shrink the critics of right phones down to the Ground 0 it's for your neighbors you want to poison your neighbors never to sell for 25 years I've been given tips about preventing crime one of them is to invite people over for a cup of coffee and share in the problems you see on your street and what to do about it's great you can invite your local police officer to help to you know I have their very fund of donuts now that's just a myth no when I come to your doghouse for coffee cake in a safer neighborhood not talking you're going to cut down on crime by not just locking your door but opening up to your neighbor's sterilized 10 pound bunker dropped on a BAD GUYS FOR it could. Just . Visit. 60. 560. This is Talk Radio 560. We present for you. Money matters for years now. Welcome to America's Money program this is money. Line 180-934-2221 if you'd like to join us on the broadcast we would like to hear from you well we have the new federal budget numbers coming in for the month through months through April and we knew. The deficit was going to be increasing I guess for some people it's coming as a surprise that it's increasing as rapidly as it is the the 12 month rolling total outlays up 6.3 percent on a year over year basis so that number refers to all government expenditures all the outgo for the period from May of 2017 through April of 2018 those outlays those government expenditures have risen 6.3 percent and here's the problem the rolling 12 month total of income government income taxes receipts all of it only one of 3.4 percent on of year over year basis so this is the problem that nobody is addressing In fact it's been made worse this year by the decision of Congress to expand expenditures significantly so you have year over year figures now through April you have expenditures government expenditures up 6.3 percent and you have receipts only going up 3.4 percent all of that gap comprises the deficit. And the deficit is right now the largest It has been very close to the largest since 2013 at 3.6 percent of gross domestic product which is above the 3 percent threshold of general acceptability and according to the Office of Management and Budget the projection is that the deficit continues to approach one trillion dollars as soon as fiscal 2020 now fiscal 2020 begins in October of next year and runs through September of 2020 and it's expected that the and you will deficit will exceed a trillion dollars as soon as that these are incredible numbers that are coming in and once again they show that. Fiscal responsibility is out the window big government spending is back bigger than ever with the debt now over $21.00 trillion dollars You don't hear much about it anymore from elected representatives do you you don't hear much about that all any more now why is that could it be because we have a midterm election coming up in a few months a midterm election that will decide the party in power in both the House and the Senate could it be for that reason that political office holders are not really talking about this problem well you can fill in the blanks for what the reason is but I'm not hearing a lot about talk of fiscal responsibility. I did in years past hear a lot about it but not lately. We also received retail sales figures this past week for the month of April and retail sales gained 3 tenths of one percent and the month of April that was basically in line with the economic consensus the prior month was revised up to a gain of 8 tenths of one percent so that was a couple of techs higher than earlier reported and more importantly on a 3 month average basis retail sales were up 4 tenths of one percent now another way to look at that would be to annualized that and that would be 4.8 percent so we have seen some improvement because remember there was a slump due to weather in late April in the beginning of this year but we've seen a more of a normalization we would call it of that number vehicle sales for the month of April gained 110th of one percent gas station sales of course jumped 6 tenths make it 8 tenths of one percent and that's because of the rapidly rising price of oil and. If you take out the vehicles sales were up 3 tenths of one percent minus the vehicles 3 tenths of one percent if you take out the vehicles in the gas stations sales were up 3 tenths of one percent I think it definitely makes sense to adjust for the stations when you have the gas price gasoline prices going through the roof with double digit year over year percentage gains in the price of gasoline so all of this going on on the retail front if you look at retail sales year over year they're right around 4 and a half percent and. That certainly is a rate that. Is consistent with what is going on with the job gains and what is going on with wage gains now wage gains have been in the general area of 2 and a half 2.6 percent for the most part and we watch those very very closely because they're really important when it comes to measuring inflation very very important factor and I guess some of our money talk regular saw the news out of Seattle Washington where the what's being called the Amazon tax. Has been passed it's also being called a head tax and basically it involves large companies and this tax by the way was fought vigorously by Amazon dot com which has a major headquarters location in Seattle however the tax has passed and again large companies involved here and it comes to basically $275.00 per employee per year for large companies that basically was a compromise that was presented and agreed upon late in the negotiations lots of pushback against the so-called Amazon top tax in the state of Washington Washington state does not allow a personal income tax so you don't have that income tax revenue that you have in actually a total of. A total of $43.00 states now New Hampshire and Tennessee only tax on earned income the other $41.00 tax everything but there you have it so you have the state of Washington they cannot do a state income tax and some of the local dumb asylums have done something about that but you can't have a state wide tax and therefore. It's harder to raise revenue this particular tax is said to be aimed at homelessness. In in Seattle this is a Seattle Washington tax not a state tax and as some of you know homelessness in some cities around the country has reached bizarre levels very widespread and Seattle is one of those cities and homelessness and Seattle was declared a state of emergency in late 2015 and monies from this new tax are supposedly earmarked for affordable housing units and homeless services now as is the case with any new tax. Some are saying well wait a minute how do we know that this money is going to be used for that purpose so they'll have to put in. The have to put in a formula to make certain that this money is used for that purpose a lot of pushback by the way against this tax. A lot of pushback against the tax but also a lot of promotion for the tax it's expected to raise $47000000.00 on an annual basis and. We'll see how that that plays out no question about it lots of controversy and Seattle Washington over a couple of things the level of homelessness for sure which is very widespread in Seattle but also a lot of controversy over this new tax generally any time there's a new tax controversy breaks out and this was no exception Georgia's on the line in Tennessee Georgia it's your turn welcome to Money Talk. Hope you can hear me myself. I'd like to know can you explain to me to difference between the country's long term debt and a country long term deficit I think it deficit I think it. That's a great question you know one of our earlier callers had confused those points and we later clarified it in our discussion following the call that's a good it's a great question it's something that certainly everyone should be aware of and that has to do with which is which the answer by the way is that the national debt represents the accumulation of all of the annual deficits so you can consider these you can consider these that way say well wait a minute what's the annual deficit I just talked about the fact there were already running close to 3 percent difference between tax receipts and expenditures Well all of that overflow of expenditures overspending if you will relative to income that all goes on to the deficit and then at the end of the year the fiscal year ends in September at the government level federal government at the end of September you take all of the deficit money and it's added to the national debt now of course it's added every day it's added every single hour of every single day but $1.00 way to look at it would be OK you have a deficit of of 20 trillion you have a deficit for the year of one trillion now you're going to have a national debt of 21 trillion it just keeps piling on and by the way I'm glad you raised this George because any time you hear a Polish it's a politician talking about paying down the national debt that's a complete nonsense that's complete fiction. Countries do not pay down their national debt countries run deficits and they add to their national debt in our case we had a surplus for about 5 minutes back around year 2000 which immediately spilled back into a deficit so we just keep adding on to the national debt. Say so one is like us. Perfect perfect Also I'd like to thank us all out of my 2001 of my 2. 2 I was there about ready to double I'm. Sure there were some periods when they didn't have no 6 month period no gain or interest because A because of whatever the consumer price was that I got a fixed rate of $2.00 water districts rated 1.6 on the other in like I got there like I said they're both the most cited double take that intensity for and I'm glad you advise me to do that well today Congratulations George on that one believe it or not there are some people out there on our recommendation that picked up those those high rate months with base rates as high as 3 percent congratulations a job well done I mean remember you took no risk and you have a tax privileged account there you can defer the tax on the interest all the way out to maturity so yes a home run with that George congratulations on a job well done are toll free line 180-934-2221 we are here taking your calls on money talk. Do you really have to pay a 100 bucks. I say no you don't and it's my business to prove. My company. Around the globe. 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I went to bed after midnight and had to get up for a 6 am flight so I barely got 3 and a half hours of sleep I didn't have time for breakfast the coffee bagels donuts nothing I thought I was toast but from the moment I landed at 7 am until my 11 pm flight home not once did I lose my stride focus or my age and I did it all without a single cup of coffee how you ask dawn to dusk by Brickhouse nutrition you see dawn to dusk is a physician formulated extended release energy supplement which last up to 10 hours increases energy improves mood and stimulates your brain and it does it all with no jitters or crash now I don't recommend pulling 21 hour business benders but the next time you need a boost do what I do reach for dawn to dusk by brick house nutrition go to a brick house trip dot com today and say 15 percent with the offer code trip that's brick house trip dot com brick house T.R. Ip dot com. 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We are back on America's Money program and we thank you for joining us it is great to have you with us money talk em's your way each and every weekend we talk about subjects financial We have a toll free line for your calls at 189342221 pages online in listening to the great almighty W.N.S. Chicago Pete welcome Yes Hi Bob thank you for taking my call. I have. A letter receiver and listener here currently in portfolio one and I've been listening with great interest over the last couple of months about Prime Money Market Vanguard X. X. And my portfolio is not what I would consider a balanced portfolio it's heavy in equities and I want to move more towards something more balanced that sounds like from the past the Scotchman's that bond funds. With any duration of more than a year have not been recommended so I'm considering moving. Towards a more balanced portfolio but using the prime money market account of Vanguard in lieu of any kind of short term bond fund that they may offer is that something you would agree with. That's something that certainly is an option we have a form of that in an alternative suggestion to use a short term latter. Certificates of deposit f.d.i.c insured if you use a 36912 month latter in equal amounts you have basically you have an average maturity of about 6 months on something like that which is very very short using just the money market would even be shorter right now that fund is yielding 1.85 percent the yield increases as the Fed continues raising rates as I expect they will if the economy continues to expand and so yes it's a conservative way to to do it we take a portfolio average approach to duration so for exa