America Under Siege: The Democrats and RINOS Are Collapsing America with Debt

The greatest threat to American economic and national security is out-of-control government debt spending. The Senate’s supplemental spending package adds another $1,200 per household to our debt, per @Heritage. There is NOTHING Congress will not spend and borrow money for! – Stephen Moore

Fred Smith, the esteemed founder and executive chairman of FedEx, recently joined a growing chorus of business leaders expressing deep concerns about the escalating public debt in the United States. In a recent interview on Fox News, Smith highlighted the alarming projections from the Congressional Budget Office (CBO), indicating that the U.S. federal debt could reach a record 116 percent of the gross domestic product (GDP) by 2034, with a staggering rise to over 170 percent by midcentury.

FedEx founder Fred Smith tells @BretBaier: “The political process is really focused on the extremes of both parties. No one is supporting trade, which made America great.”- Lucas Tomlinson

Smith emphasized the seriousness of warnings about unchecked government spending contributing to America’s mounting public debt, stating, “Hopefully, I’m adding to the chorus and saying this is unsustainable.” His sentiments echo those of other prominent figures, such as JPMorgan Chase CEO Jamie Dimon and billionaire investor Ken Griffin, who have voiced concerns over the potential consequences of uncontrolled spending in Washington.

During the interview, Smith underscored the critical role of the U.S. dollar as the world’s primary reserve currency in enabling the country to print money. However, he cautioned that the dollar’s status is increasingly at risk due to the concerted efforts of the BRICs alliance – Brazil, Russia, India, and China – to undermine its dominance. Smith warned that if the U.S. is unable to sell its bonds, the current living standards enjoyed by Americans would become a thing of the past.

‘The US national debt is growing WAY faster than the economy. Interest on the debt is now the 3rd largest item in the US budget. By 2030, interest payments on the debt will likely be the largest item in the budget. Everyone can see the debt crisis coming, but Congress refuses to change course.’ – Ian Miles Cheong

‘The latest numbers show why so many Americans are unhappy with the economy. Inflation remains elevated, real wages are down, and workers are thousands of dollars behind where they were in January 2021. This chart represents the main reason why it’s going to be hard to dig out: Washington’s out-of-control deficit spending. Things got so out of whack during the pandemic – especially on the spending side – that Washington was pumping out more dollars than the economy could handle. It’s no surprise that America got hit with the worst wave of inflation since Jimmy Carter. Deficits remain much higher than they were before the pandemic, meaning relentless upward pressure on inflation. Between rising interest payments on the debt, maintaining Social Security and Medicare, and the general bloat of the federal government, deficits are expected to rise from $1.5 trillion to $2.5 trillion over the next 10 years. Oh, and that’s assuming we have no recessions or wars during the period (good luck with that). Rather than acknowledging the harm that overspending causes, especially to working-class families, Washington’s elite continues to act as though they’re entitled to an endless stream of dollars for their special interests and pet causes. They waive budget rules and use fraudulent accounting gimmicks at every opportunity. The last time there was meaningful deficit reduction was due to the Tea Party movement, because Washington realized there were consequences to spending sprees. Americans can’t count on the swamp to start being responsible; they have to apply pressure.’ – David Ditch

FedEx Founder Fred Smith: U.S. record debt ‘unsustainable’https://t.co/PyEBriiWq8

— FOX Business (@FoxBusiness) February 15, 2024

Reflecting on his December remarks at an event, Smith expressed hope that political leaders in Washington would recognize the unprecedented dangers posed by political and financial instability. He urged them to exercise common sense and take preventive measures to avoid a “catastrophic fiscal crisis.” However, when asked about the current political leadership’s ability to avert such a catastrophe, Smith expressed skepticism, stating, “No, quite the contrary.”

The U.S. is headed towards a $5 trillion fiscal cliff at the end of 2025. Neither party is taking the problem seriously. National Review

While industry leaders like Smith emphasize the urgency of addressing America’s fiscal challenges, Treasury Secretary Janet Yellen holds a different perspective. Yellen recently asserted that cutting deficit spending and balancing the budget are not necessary to achieve fiscal sustainability. Despite her stance, recent Treasury data reveals a 16 percent increase in the budget deficit from a year ago, reaching $532 billion in the first four months of the fiscal year.

Woke Yellen contends that President Joe Biden’s deficit-reduction economic policy proposals will ensure the government is on a sustainable path by fostering economic growth. However, these assurances come as annual interest payments on the public debt surpass $1 trillion, and the national debt breaches the $34 trillion mark. Woke Yellen, who has the distinct history of always being wrong, as in 100% of the time, loves to spout off her Leftist nonsense constantly.

Dollar Collapse | “The BRICS Alliance Have Set Out On a Deliberate Course to Dethrone the Dollar. If That Happens, I Can Assure You That the Living Standards We Enjoy Today Are A Thing of the Past.” – Fred Smith (FedEx Founder) + CBDCs

To learn more about the world’s history of… pic.twitter.com/hMdcYzT6jz

— Clay “ReAwakening America” Clark Griswold (@TheClayClark) February 15, 2024

Projections from the Congressional Budget Office (CBO) indicate that federal debt held by the public could reach 172 percent of GDP by 2054. CBO Director Phill Swagel warned that interest payments on U.S. government debt could rise to approximately $1.6 trillion within a decade, becoming a significant contributor to the deficit. Keep in mind that we always surpass these estimates by many billions and perhaps trillions thanks to the Marxist policies currently being implemented.

While the executive branch downplays the danger of budget deficits, Congress is taking steps to address the issue. Or they at least say they are. The Republican-led House Budget Committee recently voted to establish a 16-member commission tasked with submitting fiscal policy recommendations. Committee Chair Rep. Jodey Arrington (R-Texas) criticized both parties for fiscal irresponsibility, emphasizing the urgent need to address the unsustainable national debt. In other words, more talk and no action. The House is now run by Deep State Johnson, who has proven himself to be McCarthy, with a cross. He hides behind his religion while lying to the American people over and over. The border is still open, rapes are still occurring, terrorists are still crossing our borders, and China, with the cartels are still killing over 150K Americans a year. This is traitorous and as of this writing, no one is acting.

Great @SpecialReport tonight and interview with the always spot-on Fred Smith.

Enjoyed the panel w @BretBaier as usual too .. but not #inflation under @POTUS Biden. 😡 pic.twitter.com/XTIGNbQtdf

— Rich Corbett 🇺🇸 (@RichC) February 14, 2024

The commission aims to assess ways to promptly balance the federal budget and enhance the long-term solvency of key government programs, including Medicare and Social Security. Analysts at the University of Pennsylvania warn that when the debt-to-GDP ratio reaches around 200 percent, the U.S. may reach a point of no return, where future tax increases or spending cuts may be insufficient to prevent a government default.

Under a best-case scenario, these analysts estimate that the United States has approximately 20 years to take corrective action before the growing debt spiral becomes uncontrollable. The call for urgent fiscal responsibility resonates as America stands at a crossroads, facing the imperative task of securing its economic future and averting a potential fiscal catastrophe. But in reality, the debt is already unsustainable and the maintenance of it is almost impossible without massive tax increases. The Democrat plan to topple America is in full swing, and the Republicans are thus far helping them. CLOSE THE DAMN BORDER to start. Make good on your promises. Oh, and we didn’t forget that lie about J6. Where are the promised tapes? Lie after lie, after lie and we know it. They know that we know it. I think we are at the point of just being sick of them all.

Major Points Discussed:

Fred Smith, founder of FedEx, joins other business leaders in expressing serious concerns about America’s escalating public debt.
Congressional Budget Office (CBO) forecasts indicate a potential rise in U.S. federal debt from 99% of GDP in 2024 to a record 116% in 2034 and over 170% by midcentury.
Smith highlights the risk to America’s ability to print money if the dollar loses its status as the world’s primary reserve currency, pointing to efforts by the BRICs alliance to dethrone the dollar.
Treasury Secretary Janet Yellen disagrees with the need to cut deficit spending, asserting that President Biden’s economic policies will ensure fiscal sustainability despite a growing budget deficit.
The House Budget Committee votes to establish a commission aimed at addressing the unsustainable national debt, emphasizing the urgent need to balance the federal budget and enhance the long-term solvency of key government programs.

James Kravitz

Comments – Threads – Links

This is a true statement that everyone needs to understand!! FedEx Founder Fred Smith: GDP Growth Due To Borrowing From Our Grandchildren, Not Innovation- MMCOWRD (AKA.. MadCow)
It’s not just BRICS. Our own US government is pushing the collapse- Sophie Barclay
If governments can print money at will, why do we pay tax’s ??- Chris
its the way to the globalist hearts. They have been working on destroying America. Crush America and the world will belong to them- Lynn helberg

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