#governmentspending

The medium-term budget policy statement (MTBPS) tabled today revealed a sharp deterioration in fiscal metrics, aligning with expectations. Despite negative revisions, the budget is deemed realistic, considering the current circumstances. While reflecting challenging economic realities, the MTBPS outlines a pragmatic approach to financial management, emphasising consolidation, realistic assumptions, and strategic fiscal policies. For more in-depth analysis, tune in to our podcast episode by Peter Brooke discussing the implications of these measures on South Africa's economic landscape.

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Leslie begins today's show with her 'Ripped from the Headlines' news segment. Here are the stories that she gave her take on:

1. U.S. NEWS: "LA County Recommends Masks for All When Indoors as Delta Variant Spreads (Israel Too)"
2. AXIOS: "Nearly all U.S. COVID deaths are among unvaccinated"
3. MIAMI HERALD: "Federal judge upholds post-Parkland ban on gun sales to people younger than 21"
4. THE HILL: "Manchin says he's on board with Democratic-only infrastructure bill"
5. ASSOCIATED PRESS: "Maricopa County won't reuse subpoenaed ballot counters"
6. AXIOS: "Pelosi moves to establish 13-member committee to probe Capitol riot"
7. AXIOS: "House passes bills to make U.S. science more competitive with China"
8. AXIOS: "Dangerous Pacific Northwest heat wave shifts inland"

Leslie is then joined by Dr. Robert Shapiro, Chairman of Sonecon, an economic advisory firm and a Senior Fellow of the McDonough School of Business at Georgetown University.
He was Under Secretary of Commerce for Economic Affairs in the Clinton Administration.

The two discuss his latest piece for 'The Atlantic' titled, "Post-Pandemic, a Strong Expansion Needs Less Personal Saving or More Government Spending."

Dr. Shapiro's Twitter handle is @RobShapiro.

(Image Credit: Getty/The Atlantic)

Eric and Joe talk about coronavirus hits close to home and all the money creation and government spending will lead to the new digital currency

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Eric and Joe talk jobs the economy and how much more government spending is coming - will it lead to hyperinflation?

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GDP comes in at 1.9% - the big growth was government spending and recreational vehicles - but RV sales are down 23% year to date 

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