# America's Spending Crisis, Iran Threatens Oil + Rich Valdés Sounds Off on Mamdani - July 31 Hr 2

Page: https://stenobird.com/podcast/the-joe-pags-show-4835546/america-s-spending-crisis-iran-threatens-oil-rich-vald-s-sounds-off-on-mamdani-july-31-hr-2
Text version: https://stenobird.com/podcast/the-joe-pags-show-4835546/america-s-spending-crisis-iran-threatens-oil-rich-vald-s-sounds-off-on-mamdani-july-31-hr-2.md
Podcast: [The Joe Pags Show](https://stenobird.com/podcast/the-joe-pags-show-4835546)
Published: 2026-08-01T02:28:00+00:00
Episode link: https://traffic.megaphone.fm/SHDI8378206014.mp3
Audio file: https://traffic.megaphone.fm/SHDI8378206014.mp3
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Duration seconds: 2661

## Resource

Pags delivers one of his most passionate monologues yet, asking how America can keep spending trillions of dollars without driving straight into a fiscal disaster. He reacts to President Trump's comments on the cyberattack in Minnesota, Trump's pledge to rapidly rebuild the U.S. military after years of depleted stockpiles, and warns that if Washington doesn't get spending under control, a financial reckoning is inevitable. Pags also breaks down the latest spike in oil prices after Iran threatened shipping through the Strait of Hormuz, checks in on the latest DOGE developments, and opens the phones for listener reactions. Then New York radio host Rich Valdés joins the program for a deep dive into the political transformation of New York City. They discuss Zohran Mamdani's agenda, his controversial comments about Israeli Prime Minister Benjamin Netanyahu, the growing concerns surrounding his policies, whether New Yorkers are finally reaching a breaking point, what role Gov. Kathy Hochul plays in the city's future, and whether there's still a path for voters to change course. Learn more about your ad choices. Visit megaphone.fm/adchoices

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## Transcript

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