The Financial Guys Podcast – May 14, 2025
In this week’s episode of The Financial Guys Podcast, Glenn Wiggle and Mike Lomas tackle the pressing issues that continue to shape America’s political, financial, and social climate. From illegal immigration and the welfare state to trade negotiations with China, government fraud, and the erosion of public education, the hosts leave no stone unturned.
Border Breakdown & Immigration Fallout
The episode kicks off with a story from Cheektowaga, where an asylum seeker was recently convicted of sexual assault, raising questions about the vetting process and the real cost of housing illegal immigrants in local hotels. The hosts blamed weak policies and local leadership, pointing to the strain on public services and communities across New York.
“We’re not vetting these people. We’re importing criminal activity—gangs, traffickers, abusers—and taxpayers are funding it.”
Welfare Abuse
A staggering 63% of non-citizen households are on some form of public assistance. Even more concerning, children born to two illegal immigrant parents rely on government aid at a rate of 88%, the highest of any group in the U.S.
“We’re paying them to come here and abuse the system. Meanwhile, 21% of New Yorkers are already on welfare—put them to work first.”
Legal Immigration, Not Chaos
The guys differentiate between productive legal immigration—engineers, electricians, skilled workers—and the chaos of the current border crisis. They propose a streamlined, resume-style application process, using AI and common sense to approve high-value candidates.
“We don’t need more bureaucracy. We need review boards, skills-based vetting, and accountability.”
Education in Decline
COVID-era learning loss, unaccountable schools, and DEI distractions have led to record absences and falling standards. Students skip school for weeks without consequences, and many teachers are stuck balancing language barriers with ideological mandates.
“We’re teaching less and excusing more—and the kids are falling behind.”
Final Thoughts
Whether it’s the border, public schools, or energy prices, the hosts emphasize the need for smaller government, smarter policies, and serious leadership.
🎧 Listen to the full episode on your favorite podcast platform or via The Financial Guys App.
📅 Don’t forget to visit thefinancialguys.com for upcoming workshops on retirement, estate planning, and Social Security optimization.