05/09/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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https://archives.warpradio.com/btr/InvestorsEdge/050918.mp3

JUST LETTING YOU KNOW

“…I will not treat your tax dollars like Monopoly Money…”

Everybody who has been in Washington for the past 12 years – Republican or Democrat is an unmitigated failure, as a steward of our taxpayer dollars.

I know that France is going the other way. I’m going to do my darndest to make sure that we don’t go that way. Everybody keeps wondering how come the economy isn’t better. I gotta tell you, politicians are taking victory laps because we’re at 8.1% fraudulent unemployment. What? We were in the 5% range for years and years!

There is a direct correction between $16 trillion in debt – most of it accumulated since George Bush…and went into hyperdrive under THIS president – and this economy.

The people in Washington D.C. are castrating the future dollars of taxpayers and business and they all know it. Business people are smart. The only way government gets dollars is from them and individuals. And they know when the crooks in Washington spend $16 trillion that they don’t have, they know it’s coming out of who? Businesses and individuals. And if you haven’t noticed yet, there is a tax hike coming next year – the biggest one in history for $4 trillion coming out of the economy into Washington D.C. And they say they’ll cover the deficit, but they won’t. They’ll just keep spending it on stuff that is inefficient and makes no sense whatsoever.

I think we’re great. I think the American people are great. American people are smart. They work hard. They want to do the best that they can for themselves and their families.

The problem is THEM. Simple as that. They have shown a complete uncaring for you and me and our dollars. They have set rules for themselves that are different from ours. They live in a different land. Before recently, they were able to legally do illegal insider trading. And I could go on and on.

And unfortunately, we have a liar in the White House of the highest order and the lies are all there on video.

“I will not treat your taxpayer dollars like Monopoly Money. I will go line by line through the budget.”

They haven’t even put out a budget in three years!

He lied. He’s a charlatan. He represented himself as one thing and is another. He is a major league, over the top “tax and spend” socialist. A redistributor of wealth. And he has the wonderful people in the media enabling him. The media is supposed to be a watchdog. But no. And there’s just no talk about deficits by the media now.

This whole week has been on gay marriage. And, of course, Mr. Politician changed his stance today. Or “evolved.” Terrific. I’ll throw a party.

But I got news for you, in the pecking order – $16 trillion in debt and counting is Number One. But they don’t think it’s Number One because they’re economic advisors are a bunch of mutt hounds. They think it’s okay. Gimme more. And the reason they think it’s okay is because the markets haven’t collapsed. But even if that happens, they’ll just blame the other guy because that’s all they do. Naw, it wasn’t me. Just because I was in the White House for 3 plus years…no it’s Bush’s fault.

So get my point.  I want them all gone.

Find me 100 senators that care about balancing the budget.

Find me governors that care about balancing the budget of their states.

Find me 435 people in the House around the country representing their districts that “get it.”

Or I’m going to keep talking.

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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.