4.9 • 2.2K Ratings
🗓️ 27 August 2025
⏱️ 25 minutes
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0:00.0 | Hello, everybody, and thank you for tuning in to the Liberty Report. With us today, we have |
0:06.0 | Daniel McAdams, our co-host. Daniel, good to see you this morning. Good morning, Dr. Paul. How are |
0:11.4 | you this morning? Very busy, trying to save the government money. All right. Nobody will listen. |
0:17.6 | So I want you to have a loud voice and tell them what they ought to be doing. |
0:22.6 | Of course, we've had a voice here. I don't know whether it's loud, but it's pointed in one direction. |
0:29.8 | And occasionally, it does some good. But it's such a big problem, doing a little good. Nobody notices that. |
0:37.8 | But anyway, I want to start off with an issue about the deficit and what they're doing about it. |
0:44.4 | And then we want to, you know, make a few comments about our friend Tulsi. |
0:50.1 | Because she looks like she's working. |
0:53.2 | She's earning her pay. so we want to mention that. |
0:57.0 | But Graham Summers in the Zero Hedge today has an article, |
1:04.2 | and he has spoken on this. |
1:06.6 | He's very consistent. |
1:07.7 | The single most important chart in the world is flashing. Danger. The chart |
1:13.9 | is that of debt. Everybody knows about it. Some people won't talk about it. Some people deny it, |
1:21.6 | but it still keeps marching on. Like the revolution of the last election, we thought maybe they just freeze it, not raise it. |
1:31.1 | But did you know that it's still going up under this condition? |
1:35.8 | I'm shocked. |
1:37.5 | But anyway, Graham points out there is now $3.4 trillion in municipal debt, $1. trillion in corporate debt, |
1:48.0 | $20 trillion in household debt, $37 trillion in federal debt. |
1:53.0 | There's on top of that is student debt and auto loans and goes on and on. |
1:59.0 | What about the unsecured social security and things like that? |
... |
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