It's New York, and it's now.

The Mark Simone Show on 710 W-O-R.

Well, Steve Moore, one of our great economists, you should get his latest book, GovZilla.

He also, he runs the Committee to Unleash Prosperity.

And every more, how you doing?

Hey, Mark, I'm doing great, although, you know, our country's finances aren't doing so well.

I don't know if you saw the report that just came out that now the projection for the national

debt is going to be $3 trillion higher than we thought it was going to be over the next 10 years.

We knew it was going to blow out over the next 10 years anyway, but now it's $3 trillion worse than we thought it was going to be over the next 10 years. We knew it was going to blow out over the next 10 years anyway,

but now it's $3 trillion worse than we thought.

And thank you, Joe Biden.

And it seems like just last week that he was talking about how he slaved the debt.

Well, could you point to anybody in the administration or even in the Fed and say,

that guy knows what that's the

person that knows how to fix this yeah well you know this is just it's a disgrace what's happening

in Washington with the amount of overspending that's happening trillions and trillions and trillions of

dollars and what's really frustrating to me mark is that is that the biggest component, you know, the reason the debt is expected to rise by three, but that's three trillion, not three billion, both, three trillion dollars more over the next 10 years than anticipated is because, um, here's an amazing thing.

We, the biggest, fastest growing component of the budget right now, you know what it is?

No.

No.

Interest on the debt.

In other words, we're like a tiger chasing its tail.

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