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#1206 BREAKING: Peter Schiff Is Now A Bitcoiner
The Pomp Podcast
The Debt Ceiling and the US Economy
The debt ceiling was not the crisis. That was a contrived crisis. The real crisis was for the politicians who wanted to run up more debt and the debt ceiling limited their ability to do that. People are going to pay higher interest rates because of the debt. In fact, they're going to have to pay higher taxes to repay the debt. Nobody seems to be caring about that. It's the debt itself. But the government wants the burden to be unlimited. They want to continue to pile on more debt that American families who are obligated to repay either honestly through higher taxes or dishonestly through higher prices.
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