Ep 117: 🔥 "The Budget Bill Breakdown: 5 Ways It May Hit Your Wallet & What You Can Do About It" 🔥
The 9Innings Podcast · Kevin Thompson, RICP®, CFP®
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Show Notes
In this episode of the9innings podcast, Kevin Thompson analyzes the House Republican budget bill and its financial impacts on consumers. He discusses significant cuts to agriculture, infrastructure, and mandatory spending, including Social Security and Medicare. Kevin warns of potential increases in food prices, borrowing costs, and transportation expenses. He advises listeners to budget for higher costs, lock in fixed loan rates, and plan for retirement. The episode aims to educate and empower listeners to navigate the financial changes brought by the budget bill.
Impact of Agriculture Budget Cuts (00:00:59)
Debt Limit Increase Explained (00:04:15)
Infrastructure and Transportation Cuts (00:05:30)
Energy Policy Changes (00:07:46)
Mandatory Spending Cuts and Social Security (00:08:59)
Final Thoughts and Recommendations (00:12:13)
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