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Under new management. i m sure you have all heard by now. on monday, the social media giant agreed to be acquired by the tech mogul, elon musk. for about 44 billion dollars in cash. musk is currently the richest man in the world with a net worth of nearly 239 billion dollars, according to forbes. it is just a fraction, or he is just using a fraction of that for the steal. if the acquisition goes through, twitter will be added to musculature and of companies. this includes tesla, spacex, the brain implant stored up, neural link, and a tunnel construction firm called the boring company. in recent, years we have seen more companies get acquired by billionaires. they are their pet projects. media companies are now lakes professional sports franchises. every billionaire has to have an. unlike buying up a sports team this most recent deal could be catastrophic for democracy. elon musk wants to buy twitter. it is a private company. he claims he is a promoter of ....
Corporate tax revenues have gone down. most of that is from last year. the tax data and the revenue data tends to be a few months or even a few quarters back. all i m saying is maybe larry is seeing stuff that again, i have no idea. but the publicly available numbers are going up. in fact, 200 let me leave your audience with this, stef, $239 billion, you know what that is, that s the amount of interest the government paid on its debt in the first eight months of this year. $239 billion in interest. you know where interest rates are going. i don t need to tell you. they re largely going up. which means the cost of our debt is going to get more expensive. it s like you don t need to be an economic genius. if your credit card company jacks up your rates, you feel poorer. that s kind of what s happening to the u.s. government now. you don t have to be an economic genius but you have to understand facts. what do you make of what larry s saying? you think he has access to numbers we do ....
There? $16 trillion of debt. used as prop at campaign events. when the come pain began it was less than that. you can walk by the main debt clock in new york city. west 44th street and avenue of the americas. but when you really stop and look at it for a while, maybe even stare at it, frankly, it s scary. as of today, every household in the united states owes $140,000 of debt. every single household. the u.s. borrowed roughly $6 billion every day. the country is borrowing $239 billion each hour. that is $4 billion every minute. in the time that this started, u.s. has already borrowed another $4 million. ....
About a billion dollars in revenue to the treasury. our deficit this year is projected under obama to be $1,300 billion. it would be $1,239 billion if this was collected. it would make things a whole lot worse because it directly hits the people we re expecting to create new jobs. when the president talks about fairness, you know, it s just not fair that warren buffet should pay less than his secretary. when he talks fair, it really motivates his base and there s a new poll out by a democrat moderate think tank called third way that shows that the president s message may be actually missing the mark. the swing state independents, what they re looking for is they don t want to hear about fairness because they think america is already fair enough. what they want to hear is they want to hear about opportunities out there, the chance to make it in this country. ....
Back to work. it s all mixed in together. i mean, just to talk about what steve was saying there. in the first day after they solved the debt ceiling crisis, they spent the u.s. government spent $239 billion. that s 60% of what they re supposed to spend in a week. which is $400 billion. is that scary? the u.s. government is spending $400 billion a week and in the first day, they spent 630%. if you think this debt ceiling debate is going away, it ain t. because that s how much dough they re spending in one day and yet, they re going to talk and get together to cut $1.5 trillion which would kind of be a drop in the bucket. before he was elected president of the united states, he was a law professor, does he have the experience to run the bigst economy in the world? fast forward now. here we are. he s the president, we re in economic trouble. eric cantor told the wall street journal , the president ....