Hey Peter Navarro here the latest podcast and Substack.

The debt limits last exit to fiscal responsibility.

The debate over a debt limit deal now raging in Congress offers the last possible exit

ramp for future American prosperity. Absent significant spending cuts,

Baidnomics will Korean America over a fiscal cliff while institutionalizing the 1970s stagration on steroids.

America's looming fiscal cliff is as unprecedented as it is staggering.

The legislation that most defined by

NOMICS, the American Rescue Plan, the Infrastructure Investment

and Jobs Act, and the Anything But Inflation

Reduction Act, are catalyzing the most rapid increase in America's national debt ever

witnessed in a peacetime economy.

According to the Congressional Budget Office,

America's debt will soar from $33 trillion today to $45 trillion in 2030.

By 2050, the annual federal budget deficit will increase from 5% of GDP in 2030 to a mind-bending 13%.

In the short run, the US Treasury is selling trillions of dollars in bonds at ever

higher interest rates to finance the Baidnomics debt.

This surge in the money supply is putting unrelenting upward pressure on interest rates,

mortgage rates, and credit card rates, and already beginning to choke off economic

growth.

In the long run, the U.S. government will devote more and more of its tax revenues just to service the Baidnomics debt.

This debt service will come at the expense of funding everything from roads, bridges,

and national defense, to Medicare and Social Security, even as it transfers American

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