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The US national debt has skyrocketed to a staggering $36.22 trillion, raising concerns about potential bankruptcy. The focus on this issue has intensified due to the alarming rise in interest payments, which have surged to an estimated $1.13 trillion for the fiscal year 2024. In this video, let’s uncover the problems the US economy faces, and whether they can stop a default.
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? ? CONTENTS ? ?
0:00 The US Debt Problem
6:20 Will the US Default?
8:20 The Statistic to Watch
12:00 Trump’s Dangerous Policies
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Don't worry the tariffs on foreign goods is working its magic and national debt will be going down, just wait until christmas.
Musk is a whiny Gov welfare baby. Sucking the Gov nipple and trying to accuse others of the thing he is guilty of. Abuse of DEI and nepotism and waste of taxpayers money on his dreams.
Musk is using his wealth to secure contracts that help make him rich. This is nepotism/ DEI for the Caucasian man. This is Waste , fraud and abuse.
Lots of write offs coming
Musk is a welfar tit baby. $108 million daily.
Musk is a welfar tit baby. $108 million daily.
Musky want to make bigger tax cuts for the wealthy.
I stopped listening when you repeated the lie that DOGE is about deficit reduction with no context.
As profligate as the US is, its main problem is revenue. The assiduous work by the wealthiest, via instruments like the Heritage Foundation, has assured that literally trillions of dollars of taxes are not collected. The greatest fortunes in the US are so protected that they can literally get away with NO taxes. In the 5os, when the US became the economic powerhouse of the world, the marginal tax rate was in the 90s. Today you have a situation where a Trump pays $1500 over a 4 year period. Mitt Romney, a centi-millionaire, paid 12%…& he was a more 'honest' taxpayer because he had political ambitions.
Need to tax the rich!!! Instead of giving the rich tax cuts!!! The rich made their money here!!! Now the rich need to pay their taxes!!! To get America out of this mess!!! The rich have created with Trump!!!
This will be the third bankruptcy, but the first fiat one????? So, who has got the best fiat? Let's play magical monetary theory…"where nothing is real and nothing to get hung up about".
Outstanding video ????
We are debt slaves. We are paying debts from borrowing done in our names, without our consent for the most part. But rather than get a bill in the mail, the interest is built into every good and service we buy. We are the embodiment of debt because the cost is paid by the very lifeblood of the consumer, earned over a strictly limited time called a life. We live on a prison planet.
When you consume more than you earn – this is the result … so : reduce consumption , built and sell better stuff , intensify trades , stop blaming others for your over- consume .
the worst part about this is the american people have had no say in how our national funds are used and appropriated. corrupt politicians put our economy in mortal danger and expect us normal folks to shoulder the burden and be happy about it. it's fucking maddening
In Jesus, america shall rebuild the rules of righteousness, which is always twisted and destroyed by china.
Many democrate congressmen are multi millionairs with large realestate holdings using very questioable loans
Possibly from drug cartels.= Open borders.
Dems do not understand because they think a 36 trillion debt will usher in classroom marxism.
They will blame China for there debt.
Made in China and open borders is the democrat answer.
lsn't it interesting that increasing taxes on the likes of Ray Dalio is never considered to be part of a solution to the problem. Isn't it interesting that the massive tax cuts given to Ray and his ilk over the years are never considered to be important contributors to the problem. Tax avoidance schemes of the rich and powerful never get a mention. Instead, food stamps and Medicaid are fingered as the culprits. BTW -> congress has the power to coin money and regulate its value. This is a way to create money without using the Fed. Moreover, there is another way – US notes. They were last issued in 1963 and are not federal reserve notes. They are a pure fiat currency, backed by faith alone. Martin Luther comes to finance.
Hmmm it sounds to me you're describing a Charles Ponzi scheme by printing new money at interest to cover the debts of old money. Maybe time to get rid of the Federal Reserve private Bank and America take control of it's own currency and take it out of the hands of the ultra rich elite banking families!