The Debt’s the Problem. Not Raising the Ceiling Is the Solution. - Ep 889
The Peter Schiff Show Podcast
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The Cost of Cuts in the US Government
In order to balance the budget, you'd have to cut 50% of government spending. That's with interest rates still relatively low. 75% of tax revenue is all consumed in Social Security and interest on the debt. If you throw in national defense, you're up to 92% of all the tax collection on those things.
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