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The U.S. national deficit is at well over $34 trillion, and is growing at a breakneck pace as it continues to add $1 trillion every 100 days. This wild spending spree has prompted multiple financial experts to warn that America could suffer a dollar collapse very soon. Michael Hartnett, chief strategist at Bank of America; The Black Swan author Nassim Taleb; and Wharton Business School finance professor Joao Gomes, who said we could see a crisis as soon as next year, are among them.
Other stories in today’s episode include:
Arizona Gov. Katie Hobbs just vetoed a bill that would have made it a crime to cross the border into her state.
The manner in which the Texas fires have reduced structures to ashes has Gov. Greg Abbott perplexed.
The Federal Election Commission is being sued over disinformation regarding the 51 intelligence experts who called the Hunter Biden laptop story Russian propaganda. William F. Jasper discusses the lawsuit.
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Read: “GAO: Road Map Needed to Address Unsustainable Debt Levels.”