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WIBC 9AM-Noon Podcast

US national debt hits $33 trillion for the first time in history

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 20 September 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

The gross national debt surpassed $33 trillion trillion with a T dollars. That's the highest number on record and this

0:09.9

We talk about this all the time on this show that you absolutely 100% need to care about this because this

0:17.5

National debt and the financial

0:21.0

instability and insecurity it creates for us as a nation is

0:25.4

Is affecting your daily life and none of it is in a is in a positive way

0:31.2

Like do you ever look around Casey and just like I will do this every so often where I'll just whatever I'm doing

0:37.2

I'll just stop and I'll just say where did all the money go where does the you know where it goes?

0:43.6

Stop spending stop

0:45.6

Why doesn't where does it go? What do we buy what do we do like?

0:50.4

For the amount of money we spend and the and the debts and deficits we rack up it by the way

0:55.2

We're talking about the federal government right now. If you were to do a deep dive into your the debt held by is like say your local school corporation

1:04.4

You would blow your mind that these school corporations right here in central Indiana many of them

1:11.0

Hundreds of millions some of them depending on the size and what they're doing more than a billion dollars in debt

1:17.0

That's no less

1:18.7

Egregious or ridiculous than the federal government being 33 trillion in debt if you look at the now the states the states are required

1:26.4

They have to pay they have to actually pay their their their their debts off

1:30.4

But when you well know they have to ballot let me represent the state have to balance her budget

1:35.0

They don't have to pay their debts off if you look at the the debts held by municipalities across central Indiana

1:41.0

If you look at the debt held by the state of Indiana

1:43.8

They're all doing it. It's government at all levels and

1:48.3

They do it without remorse because they're in the legalized vote buying business in the present and made the future be damned

1:55.8

Well speaking of the future that's it exactly who's going to pay off this debt?

...

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