Breaking Down the Biggest Economic & Political Issues with The Financial Guys
In this episode of The Financial Guys Podcast, Mike Sperrazza and Mike Lomas take a hard look at the biggest economic and political challenges facing the U.S. today. From Trump’s tariffs on Mexico, Canada, and China to insane tax rates, Social Security fraud, and government waste, the discussion exposes how bad deals and bloated bureaucracy are killing economic growth and costing Americans billions.
Trump’s Tariffs: Fixing Bad Trade Deals or Hurting Business?
The Biden administration’s trade policies have left America in a weak position, allowing countries like China, Canada, and Mexico to impose tariffs on American goods while we let their products in tariff-free. Trump’s latest move to impose tariffs on these nations is an attempt to level the playing field and bring manufacturing back to the U.S.
Key Issues with Current Trade Policies:
- Canada and Mexico impose tariffs on U.S. goods, but we don’t do the same in return.
- China charges 25% tariffs on American cars while freely selling their own here.
- Factories are sitting empty in cities like Buffalo while manufacturing jobs are outsourced.
“Why are we allowing foreign countries to charge us tariffs while we take their products for free? These are dumb deals, and they need to stop.”
The U.S. Tax System Is Broken – And It’s Killing Economic Growth
With tax rates in some states reaching 50%, many businesses and job creators are struggling to expand or even survive. The hosts argue that the focus should be on cutting taxes for middle and upper-middle-class entrepreneurs, not just making Social Security tax-free for retirees who are no longer driving economic growth.
How High Taxes Hurt Business Owners:
- Small business owners pay 40-50%, while billionaires hide wealth offshore.
- High taxes discourage business expansion, hiring, and investment.
- Government inefficiency wastes tax dollars while demanding more from the people who actually create jobs.
“The billionaires have accountants to hide their money. The people really getting crushed are the ones trying to build businesses, open more locations, and hire workers. These people deserve a tax cut!”
The solution? A flat tax or aggressive tax reform that lets business owners keep more of their earnings and reinvest in growth.
Social Security Fraud & Government Waste: Where’s the Money Going?
The Social Security system is riddled with fraud, waste, and outdated processes, yet instead of fixing the issues, the government keeps demanding more funding.
Mind-Blowing Facts Trump Exposed:
- Thousands of deceased people are still receiving benefits.
- Some “recipients” are over 150 years old—on paper.
“Social Security is the biggest Ponzi scheme ever created. If a private business did what the government does, they’d be thrown in jail!”
The fix? Cut the waste, automate the system, and eliminate the unnecessary jobs draining taxpayer dollars.
NYS Correctional Officer Strikes
With progressive policies weakening law enforcement, correctional officers and police officers are struggling to do their jobs—and in some cases, are quitting altogether.
What’s Going Wrong?
- Prisoners are given more rights than correctional officers.
- Police and prison guards fear backlash for doing their jobs.
- Policies favor criminals over law-abiding citizens.
“If you try to stab a guard, you should be put in solitary confinement, not let back into the prison population. But in today’s America, criminals get sympathy, and law enforcement gets punished.”
The hosts argue that crime will continue rising unless law enforcement is empowered to do their jobs without fear of political consequences.
Andrew Cuomo’s Comeback?
Andrew Cuomo is trying to rebrand himself as a moderate, claiming he was never in favor of defunding the police, despite video evidence proving otherwise.
Why Cuomo’s Comeback Is a Joke:
- He was one of the loudest voices supporting police cuts.
- Now he pretends he never did it because crime is skyrocketing.
- Voters might actually fall for it.
“Cuomo said ‘defund the police is a noble idea.’ Now he says, ‘Who would ever think that?’ These people will say anything to stay in power.”
The hosts predict Cuomo could easily win another election—because people have short memories and New York continues voting for failed policies.
Final Thoughts: The Country Needs Real Leadership
The economic and political challenges America faces today are the result of bad policies, bad deals, and a bloated government.
🎧 Listen now to hear Mike Sperrazza’s and Mike Lomas’s full breakdown!