Lloyd Smucker Presses Experts On Risk Of 'Sovereign Debt Crisis' As National Debt Gross

Published 2024-04-15
During a Joint Economic Committee hearing last week, Rep. Lloyd Smucker (R-PA) spoke about the national debt.

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All Comments (6)
  • @KarenNaytowhow
    I said USA has a claimed Inheritance of the past 178yrs Interest from mortgages ,debt ,taxes ,interest (double incurred ) Fed Reserve
  • @ep477
    If you got 40 trillion in debt that you can't pay back and add 1 trillion every 4 months--- and absolutely nothing bad happens. Why wouldn't you spend trillions more every year? Its insane-- literally nothing bad happens when the U.S. prints and spends money.
  • @aaronb8698
    Actually its not true at all the strength of the bond market has not been based on solvency sence 1971, the value of the usa reserve trade status is based on confidence and mutual intrest through gresham's law. (Just like bit coin) If the biden administration can convince the rest of the world that our market of consumers are not worth trading with and that we wont be abel to pay our bills then, our customers will seek to settle there debts with usa and roll into somthing with more confidence. AS BAD AS THE CURRENT ADMINISTRATION IS there is no one on earth that has a better growing middel class consumer than the usa pluse a world class military. What the usa is doing wrong is faling to show and sell confidence to the world by increasing its population of strong consumer middel class with employer profit sharing and match pay roth/life/heathcare funds. Then investing into countries to compete for that demand generating diversified ( not just china and Japan) universal bond investment and lateral trade growth, regardless of insane unaccountable spending in dc. The #1 rule to be a senitor should be protect the middel class before the poor or the ritch becase they are the limit to that creditcard they like to run! Lol All empires fall becase evil and stupid men turn from there responsibility and ruin a good thing with greed and curuption, not becase the world economic form bribes people.