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Discussion and Debate
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Economic Impact of Debt.
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<blockquote data-quote="Vambram" data-source="post: 77603354" data-attributes="member: 170941"><p>[URL unfurl="true"]https://washingtonstand.com/news/as-serious-as-a-heart-attack-economist-warns-of-economic-consequences-of-spiraling-debt[/URL]</p><p></p><p>A leading economist is warning of the dire economic consequences of a U.S. national debt that is currently <a href="https://www.washingtontimes.com/news/2024/mar/4/us-national-debt-spiraling-out-of-control-rising-1/" target="_blank">increasing by $1 trillion</a> every 100 days.</p><p></p><p>On Monday, Stephen Moore, a distinguished fellow in Economics at The Heritage Foundation, <a href="https://www.youtube.com/watch?v=8Fp1iapI5O8" target="_blank">joined</a> “Washington Watch with Tony Perkins” to discuss the current economic outlook for America as the national debt continues to balloon at an unprecedented rate.</p><p></p><p>“We’re talking about almost $300,000 of debt for every family, which is a gargantuan amount of money,” he pointed out. “… I call this fiscal child abuse because it’s your children and grandchildren and mine that are really going to pay the cost of this. … I think it’s immoral.”</p><p></p><p>In response to Family Research Council President Tony Perkins remarking that American voters “keep electing the same people who are spending this amount of money,” Moore pushed for change in the upcoming elections.</p></blockquote><p></p>
[QUOTE="Vambram, post: 77603354, member: 170941"] [URL unfurl="true"]https://washingtonstand.com/news/as-serious-as-a-heart-attack-economist-warns-of-economic-consequences-of-spiraling-debt[/URL] A leading economist is warning of the dire economic consequences of a U.S. national debt that is currently [URL='https://www.washingtontimes.com/news/2024/mar/4/us-national-debt-spiraling-out-of-control-rising-1/']increasing by $1 trillion[/URL] every 100 days. On Monday, Stephen Moore, a distinguished fellow in Economics at The Heritage Foundation, [URL='https://www.youtube.com/watch?v=8Fp1iapI5O8']joined[/URL] “Washington Watch with Tony Perkins” to discuss the current economic outlook for America as the national debt continues to balloon at an unprecedented rate. “We’re talking about almost $300,000 of debt for every family, which is a gargantuan amount of money,” he pointed out. “… I call this fiscal child abuse because it’s your children and grandchildren and mine that are really going to pay the cost of this. … I think it’s immoral.” In response to Family Research Council President Tony Perkins remarking that American voters “keep electing the same people who are spending this amount of money,” Moore pushed for change in the upcoming elections. [/QUOTE]
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