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 the National Debt
The cost of the national debt, which is right now, let's say 600 billion, that'll go up to at least 1.2 trillion by the end of next year,. When that happens, better than 90% of government spending will be Social Security, Medicare and Medicaid. And obviously, if this continues, eventually, we'll need all of our tax revenue just to pay the interest on the national debt.
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