Bankruptcy Alert! Interest On Debt Now Greater Than "Defense" Budget
Ron Paul Liberty Report
Ron Paul Liberty Report
4.9 • 2.3K Ratings
🗓️ 5 January 2024
⏱️ 28 minutes
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| 0:00.0 | Hello everybody and thank you for tuning into the Liberty Report with us today. We have Chris Rosine our co-host Chris |
| 0:07.2 | Good to see you this morning. Great to be with you Dr. Paul. Good. We'll be talking about serious problems. |
| 0:13.4 | The government spending too much money. |
| 0:15.1 | Oh, that's not very newsworthy, is it? |
| 0:17.1 | But more than ever, it looks very serious. |
| 0:19.5 | So people do grow into satisfaction and failing to look at the things that are they're facing every single day. |
| 0:27.5 | People are waking up but the death is and the spending is totally out of control. |
| 0:33.0 | So we'll talk about that a little bit and |
| 0:36.0 | Chris you found a special little statistic that I think we'll be talking about a little bit |
| 0:40.0 | and that shows just the interest on the debt is more than we spend on our |
| 0:45.3 | national security safety, you know the military budget and that is you know getting |
| 0:51.6 | up there and and maybe that's an alert signal, but sometimes, you know, even |
| 0:57.3 | over the years you think, oh, they're going to wake up. |
| 0:59.8 | This is so astounding. |
| 1:02.0 | People have to wake up, and the politicians, if the people wake up, the politicians |
| 1:05.7 | will and they will come up with a balanced budget and they'll get together, the Republican |
| 1:10.3 | and the Democrats will say, okay, cut our programs by 10%, and cut the Republicans by 10% |
| 1:17.2 | and the budget is balanced. |
| 1:19.1 | Well, that never happens and it's not going to happen and that's one thing that we're going to be |
| 1:23.6 | talking about but the one thing when you live in times like this where they |
| 1:27.3 | resort to monetizing debt it does one thing it devalues the currency that we're working with and the currency of |
| 1:35.0 | course is the dollar it's the world reserve currency is very very important |
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