Here is a short excerpt from this video:
"Over the last 12 months the interest on our federal debt, with rising interest rates, have gone from $400 billion to $850 billion. It's doubled, because interest rates have doubled. So just those things: Welfare, handouts, interest payments are equal to everything we bring in. Well, what about our defense budget? What about infrastructure? What about education? What about running the country? What about everything else? That's why they're expecting the actual expenditures are going to probably be 2.5 trillion dollars more than we bring in. Put that into perspective: From 1776 to 1980 - 204 years we amassed $980 billion dollars in federal debt. That was what our federal debt was in 1980. It took 204 years to get to that point. In the last 15 years we've amassed $27 trillion of our $34 trillion debt..."
"Over the last 12 months the interest on our federal debt, with rising interest rates, have gone from $400 billion to $850 billion. It's doubled, because interest rates have doubled. So just those things: Welfare, handouts, interest payments are equal to everything we bring in. Well, what about our defense budget? What about infrastructure? What about education? What about running the country? What about everything else? That's why they're expecting the actual expenditures are going to probably be 2.5 trillion dollars more than we bring in. Put that into perspective: From 1776 to 1980 - 204 years we amassed $980 billion dollars in federal debt. That was what our federal debt was in 1980. It took 204 years to get to that point. In the last 15 years we've amassed $27 trillion of our $34 trillion debt..."
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Recommended reading:
- US National Debt Tops $34 Trillion for the First Time in History - foxbusiness.com
- Bidenomics After 34 Months: Six Charts the Media Don't Want You to See - mrctv.org
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Quotes:
- "You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." - Mark Levin (source)
- "If you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future of your children, your grandchildren, and your great-grandchildren, would you do it? Well, that is exactly what we are doing as a nation. Over the past several decades we have stolen $15 trillion dollars from future generations so that we could enjoy a dramatically inflated level of prosperity. Our 15 trillion dollar party has been a lot of fun, but what we have done to our children and our grandchildren has been beyond criminal. We ran up the greatest mountain of debt in the history of the planet and we are sticking them with the bill. Sadly, both political parties have been responsible for the big spending that has been going on." (The Economiccollapseblog.com)
- "A democracy cannot exist as a permanent form of government. It can only exist until the majority discover it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy."
