Episode 305: How Did We Get Here?
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The Federal Debt Crisis
When you do away with the Constitution, you give the voters what they want and you don't have any barrier against government spending or borrowing. What you end up seeing here is a perfect storm. Sooner or later, it will be so high that we can't pay it,. We won't be able to pay the interest on it. And when that comes to pass, we're going to have a catastrophe.
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