{"version":"1.0.0","segments":[{"startTime":3.003,"endTime":6.573,"body":"In less than a week,"},{"startTime":3.003,"endTime":6.573,"body":"we're going to have a new administration"},{"startTime":6.573,"endTime":9.809,"body":"or a continuation of what"},{"startTime":6.573,"endTime":9.809,"body":"we've had over the last four years."},{"startTime":11.311,"endTime":13.78,"body":"Look, we all come at this"},{"startTime":11.311,"endTime":13.78,"body":"with our own political viewpoint,"},{"startTime":13.78,"endTime":15.448,"body":"but let me give you my take."},{"startTime":15.448,"endTime":18.084,"body":"As a money runner"},{"startTime":15.448,"endTime":18.084,"body":"concerned about a ballooning government"},{"startTime":18.485,"endTime":22.489,"body":"that believes more federal"},{"startTime":18.485,"endTime":22.489,"body":"spending is the answer to everything."},{"startTime":23.79,"endTime":26.526,"body":"Growth solves a lot of problems."},{"startTime":26.626,"endTime":30.196,"body":"So I'm interested in solutions"},{"startTime":26.626,"endTime":30.196,"body":"that grow the pie,"},{"startTime":30.196,"endTime":32.332,"body":"not how to divide up the pie differently."},{"startTime":33.333,"endTime":35.502,"body":"Now, both sides are making a lot"},{"startTime":33.333,"endTime":35.502,"body":"of promises."},{"startTime":36.002,"endTime":37.937,"body":"It's an election, I get it."},{"startTime":37.937,"endTime":40.44,"body":"But the truth is that"},{"startTime":37.937,"endTime":40.44,"body":"neither Trump or Harris will be able"},{"startTime":40.44,"endTime":43.71,"body":"to keep all the promises they've made."},{"startTime":43.71,"endTime":47.247,"body":"However,"},{"startTime":43.71,"endTime":47.247,"body":"there is one hard, inescapable truth"},{"startTime":48.314,"endTime":51.284,"body":"the United States has a spending problem."},{"startTime":52.752,"endTime":53.486,"body":"The interest"},{"startTime":53.486,"endTime":56.022,"body":"we are"},{"startTime":53.486,"endTime":56.022,"body":"paying on our debt is going parabolic."},{"startTime":56.556,"endTime":60.927,"body":"And if we don't do something about it"},{"startTime":56.556,"endTime":60.927,"body":"over the next ten years, we will be paying"},{"startTime":60.927,"endTime":64.697,"body":"close to 13 trillion in interest,"},{"startTime":65.632,"endTime":68.635,"body":"and that's obviously unsustainable."},{"startTime":68.635,"endTime":71.438,"body":"HARRIS believes she can tax her way out."},{"startTime":71.438,"endTime":73.64,"body":"Trump wants to grow his way out."},{"startTime":75.041,"endTime":77.21,"body":"Let me give you my take."},{"startTime":77.21,"endTime":79.779,"body":"Capital is portable"},{"startTime":79.779,"endTime":82.382,"body":"and it moves to wherever it is treated"},{"startTime":79.779,"endTime":82.382,"body":"best."},{"startTime":82.682,"endTime":85.051,"body":"You raise corporate taxes"},{"startTime":82.682,"endTime":85.051,"body":"and two things will happen."},{"startTime":86.119,"endTime":88.388,"body":"First,"},{"startTime":86.119,"endTime":88.388,"body":"consumers will pay the tax in one way"},{"startTime":88.388,"endTime":91.891,"body":"or another, and investment"},{"startTime":88.388,"endTime":91.891,"body":"will start to move outside the U.S.."},{"startTime":92.859,"endTime":96.229,"body":"Now, I look at the Trump team,"},{"startTime":92.859,"endTime":96.229,"body":"and while I don't believe Elon can cut out"},{"startTime":96.429,"endTime":100.4,"body":"2 trillion in government waste,"},{"startTime":96.429,"endTime":100.4,"body":"I think he can make a dent in it."},{"startTime":101.701,"endTime":102.335,"body":"There are"},{"startTime":102.335,"endTime":106.773,"body":"over 400 federal agencies"},{"startTime":102.335,"endTime":106.773,"body":"and they all have two things in common."},{"startTime":107.373,"endTime":110.677,"body":"They have a budget"},{"startTime":107.373,"endTime":110.677,"body":"and they want a bigger budget next year."},{"startTime":111.811,"endTime":115.949,"body":"These agencies never die and many live"},{"startTime":111.811,"endTime":115.949,"body":"well beyond their life cycle,"},{"startTime":115.982,"endTime":119.185,"body":"even when their mandate no longer exists."},{"startTime":120.22,"endTime":122.322,"body":"Let me give you an example."},{"startTime":122.455,"endTime":125.158,"body":"The Rural Electrification Administration"},{"startTime":125.792,"endTime":129.229,"body":"was established in 1935 by FDR."},{"startTime":129.729,"endTime":132.432,"body":"Back then, the mandate made sense."},{"startTime":132.432,"endTime":134.968,"body":"They had to get electricity out"},{"startTime":132.432,"endTime":134.968,"body":"to rural communities."},{"startTime":135.401,"endTime":138.304,"body":"And of course, later was expanded"},{"startTime":135.401,"endTime":138.304,"body":"to cover phone service."},{"startTime":138.338,"endTime":142.475,"body":"But trust me,"},{"startTime":138.338,"endTime":142.475,"body":"every farm has a phone and electricity."},{"startTime":143.61,"endTime":146.246,"body":"So then they added broadband as a mandate."},{"startTime":146.713,"endTime":149.082,"body":"I say give it to the private sector."},{"startTime":149.082,"endTime":152.352,"body":"Let Elon blanket these farms with StarLink"},{"startTime":149.082,"endTime":152.352,"body":"satellites."},{"startTime":152.619,"endTime":154.888,"body":"He'll do it quicker and for less money."},{"startTime":155.021,"endTime":157.09,"body":"Stop the mission creep."},{"startTime":157.09,"endTime":159.526,"body":"Like I said, these agencies never die."},{"startTime":161.06,"endTime":163.463,"body":"Now, I watched Elon's rocket land,"},{"startTime":163.663,"endTime":166.299,"body":"and it was like"},{"startTime":163.663,"endTime":166.299,"body":"watching a falling skyscraper."},{"startTime":166.799,"endTime":168.635,"body":"And then catching it with chopsticks."},{"startTime":168.635,"endTime":170.47,"body":"If he could do that,"},{"startTime":170.47,"endTime":174.24,"body":"I think cutting some fat out of Washington"},{"startTime":170.47,"endTime":174.24,"body":"will be easy for him."},{"startTime":175.308,"endTime":177.21,"body":"Well, that's it for this week."},{"startTime":177.21,"endTime":179.979,"body":"If you want any more information"},{"startTime":177.21,"endTime":179.979,"body":"about David Nelson and The Money Runner,"},{"startTime":180.713,"endTime":182.215,"body":"go over to my substack site."},{"startTime":182.215,"endTime":184.784,"body":"dcnelson123@substack.com."},{"startTime":186.052,"endTime":186.953,"body":"I'm David Nelson."},{"startTime":186.953,"endTime":190.623,"body":"And this is The Money Runner."}]}