In this episode of Liberty Lens, Big John and Mike ter Maat break down the alarming state of America’s national debt crisis and the new budget resolutions coming from Congress. They discuss the bipartisan failure to curb spending, the growing entitlement crisis, and the potential consequences of continued fiscal irresponsibility. With insights on the debt ceiling, government deficits, and the political hurdles in fixing the problem, this episode is a must-watch for anyone concerned about America’s financial future. Tune in as they explore solutions like budget freezes, spending cuts, and rule-based fiscal policies. Is there a way out, or are we headed for economic disaster?
Join 2024 LP Vice Presidential candidate Mike Ter Maat and Big John as they discuss the week’s major news from a libertarian perspective on Liberty Lens.
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Chapters:
00:00 Welcome to Liberty Lens
00:41 The Real Problem: Government Spending & Debt
02:30 Why America’s Debt is Unsustainable
06:20 What Happens If the U.S. Defaults?
10:52 The Budget Breakdown – Where the Money Goes
14:37 The Debt Crisis: Republican vs. Democrat Spending
20:14 Can We Save the Economy? Entitlements & Defense Spending
26:55 Political Reality: Why No One Wants to Cut Spending
32:21 Fixing the System: Budget Freezes & Fiscal Discipline
37:40 Do We Need a Constitutional Amendment?
41:28 Lessons from the 2008 Financial Crisis
42:02 Final Thoughts & Call to Action
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