Borrowing Puts Us All At Risk
John Rubino, author of The Coming Collapse of the Dollar, joins Greg Hunter on USAWatchdog.com to discuss the political wrangling surrounding moves to raise the federal government’s debt ceiling. Most of us have heard Treasury Secretary Janet Yellen’s dire warnings. We all know the Republicans and Democrats will most likely coalesce at the end and raise the debt.
But what other horrid pieces of legislation will be stuffed silently into the debt bill at the last minute? Why can’t these clowns ever seem to pass bills in a more open, logical and transparent manner? Why must the sausage be squeezed so violently?
And when will the government ever reduce its spending as opposed to driving us all to the brink? Catastrophic borrowing can only lead to calamity.