Can We Defuse America's Impending Debt Bomb?
Office Hours with Georgia Howe
The Daily Wire
4.8 • 544 Ratings
🗓️ 3 November 2021
⏱️ 13 minutes
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| 0:00.0 | Hey, everyone. I'm Georgia Howe with The Daily Wire. Welcome back to office hours. As you can see, we did some renovations, so let me know what you think in the comments. |
| 0:09.5 | So over the past couple of months, President Joe Biden has been in a heated battle with Republicans and some members of his own party to pass a $3.5 trillion social spending bill. |
| 0:19.5 | To put it in perspective, the price tag for that bill is |
| 0:22.4 | more than all veterans benefits from the years 1962 to 2020 combined, which was about $2.9 trillion. |
| 0:30.6 | So with a price tag like that, it's important to ask how we're going to pay for it, and more importantly, |
| 0:36.3 | who will pay for it? |
| 0:42.0 | Keeping in mind that the U.S. national debt at this point is about $28 trillion in climbing. |
| 0:43.6 | What are the potential consequences of piling on more debt? |
| 0:47.0 | Here to help us answer these questions, we're talking to advisor to former President Trump, |
| 0:51.4 | distinguished visiting fellow at FreedomWorks, and and recent Prager You presenter, Steve Moore. |
| 0:56.2 | Let's jump right in. |
| 1:02.9 | Steve, thanks so much for joining us. |
| 1:05.4 | Sure, thanks for having me. |
| 1:07.1 | So, Steve, first question for you. |
| 1:09.4 | President Biden's $3.5 trillion plan is only the most recent |
| 1:13.4 | massive spending plan we've seen, but obviously he's not the first spending president we've had. |
| 1:18.4 | How did we get here? And what were the main contributors? |
| 1:21.7 | Well, this was part of what I talk about in my Prager You video, which I hope people will go to, it's called |
| 1:28.0 | The Bankrupting of America. And you're quite right. This is a bipartisan problem that's happened, |
| 1:32.8 | you know, for the last 35 years or so, will we continue to just add more and more debt, |
| 1:37.6 | whether it's a Republican or Democrat administration, except what's being proposed here |
| 1:42.1 | is so audacious, so massively fiscally responsible |
... |
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