I'm Lou Dobbs with the Great America Show Midday Update for Saturday, March 2nd.

I have to begin today with a calamity that is our southern border.

It's a disaster for the United States in so many ways,

rising crime rates, violent crimes up all across our country,

but I want to alert everyone to the massive costs of this Biden-inspired invasion of as many as 14

million illegal since he took office. Estimates are the total cost is half a

trillion dollars. The illegals are are the housing, food, and shelter all that in the cost estimate.

And this at a time when the national debt is $34.5 trillion and rising dramatically.

That debt, though, is increasing by a trillion dollars every 100 days.

Please think about that. A trillion dollars more in federal spending every 100 days.

That means the debt will total 38 trillion dollars this year.

We're reaching the breaking point folks.

Moody's has already cut its rating on US government debt to negative from stable.

From the time of that warning last November the national debt has risen another trillion dollars.

This is simply sheer madness. The effects are already apparent.

Watch the regional and smaller banks.

Yesterday, New York Community Bank, its stock plummeted 26%,

because its commercial real estate loans are threatened by declining commercial property

values.

And I fear both the Biden runaway spending and the Fed's potential misjudgments and Congress's refusal to stop

the mad spending will lead to true disaster.

A Philadelphia bank is failing, Republic First Band Corp.

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