Ep. 13 | The National Debt Series | Consequences

We’re past the warnings—now we’re facing consequences.

In this latest video, I reveal how decades of political gridlock have led us to a breaking point—and why, if global conflict erupted today, America might not be able to respond. Watch now. This one matters.

Transcript:
Hello, everyone. Back to our series on the national debt. We're starting to focus on consequence now what we've done to ourselves.

I want to go back to the time series a little bit and focus on the single greatest consequence. It started in the 1980s about 1981 that's when current trends started. I made a comment about the Reagan administration and their spending, and one thing in particular is about fiscal restraint. I want to be clear, the Reagan administration did bring fiscal restraint. They're actually one of the few administrations to decrease federal spending year over year.

But there was something else going on in the middle of that. Public attitudes are starting to change. We started to get gridlock, started to settle in between political left and political right, and that has continued to today, and this is what it has brought us. So the left looks at the national debt and says, You need to let it run. It will force a tax increase. The political right looks at the national debt and has said, we need to let it run, it will force a spending cut. Well, we just been playing chicken. Well, the result of that is we've had a head on collision. We are now drowning in debt. That is the number one consequence.

Can see it here, 133% and there are significant Fallout effects from that. The first one you can see, we hit 133% during COVID. We currently stand at about 122% that matches our all time high in World War Two. And here's the consequence our historical pattern of using debt to win wars is now no longer possible.

The single largest public good that the federal government provides to each and every citizen is national defense, the ability to keep us safe, to protect our liberties, protect us from harm and foreign enemies, national defense. Ladies and gentlemen, if World War Three breaks out today, we are in serious trouble. We cannot respond. We if we can't win it with current stocks of weapons and material, we can't win at all because we cannot build up and fight and win that war prosecuted as we should be able to because of what we've done with the national debt. That is a serious issue.

Let's get on to other serious issues. Thank you very much. See you again soon.