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Author Topic: Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'  (Read 687 times)

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Offline rangerrebew

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Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'
« on: September 25, 2024, 06:21:13 am »

Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'
Story by Eric Revell • 12h


David Rubenstein, the billionaire co-founder of the Carlyle Group, warned that the cost of servicing the federal government's massive debt amid growing budget deficits is pushing the U.S. towards financial trouble.

During an appearance on FOX Business Network's "Cavuto: Coast to Coast" on Tuesday, host Neil Cavuto said that the more than $35 trillion national debt and swelling budget deficits aren't an issue at the front of voters' minds and whether it's "like a grenade that you're taking the cap off."
 
"It's not, until it is," Rubenstein said of the debt being a problem. "In other words, at some point, people in Congress will say we've got to deal with the debt. And when they finally recognize it's a big problem and a kind of calamity comes about, then people will feel more interested in it."

"Right now, people are more interested in other things, inflation or jobs, but not the debt. But the debt is something that historically, when you're paying more in interest on your debt than your defense budget, the country is in trouble," he added.

https://www.msn.com/en-us/money/markets/billionaire-warns-interest-on-debt-topping-defense-spending-a-sign-the-country-is-in-trouble/ar-AA1r8P1I?ocid=msedgdhp&pc=HCTS&cvid=b590532243194027904fc664a1f849ce&ei=119
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline rangerrebew

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Re: Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'
« Reply #1 on: September 25, 2024, 06:22:28 am »
Let us not forget that, according to Biden, Kamala has collaborated on every bad decision. :nono:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline Kamaji

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Re: Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'
« Reply #2 on: September 25, 2024, 07:01:42 pm »
People won't care about the debt until it takes down the social security system.  Then the crypto-fascists will raid all private retirement accounts and swap them for benefits in the "new" social security system.
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