Hello everybody and thank you for tuning in to the weekly report.

The Senate calls out-of-control spending a national security threat

keeps spending anyway.

Last month, the US Senate passed a resolution saying the over $34 trillion and growing

national debt threatens national security.

A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollar spending bill.

In addition to the usual increases in war and welfare spending,

the bill funds gender transitioning for minors without parental consent

and red flag laws which allow law enforcement

to seize an individual's firearms without due process.

Before passage of the latest spending bill, the Congressional Budget Office released a report

predicting that the national debt would exceed the prior record of 106.4% of gross domestic product by 2028.

Interest payments on the national debt are estimated to reach

$870 billion this year, more than the government will spend in the military.

The CBO estimates that unless Congress cuts spending, which is highly unlikely.

By 2050 one interest on the debt will exceed not just military spending

but spending on the two biggest items in the federal budget,

Social Security and Medicare.

As Eric Baum of Reason magazine points out,

the CBO report understates how much federal spending will grow. the

CBA report understates how much federal spending will grow in the next several decades

since it cannot predict what crises the future Congress's

...