Here’s how experts say the Debt Default may impact US citizens

The U.S. government on Thursday ran up against its legal borrowing capacity of $31.381 trillion, and the Treasury Department began implementing “extraordinary measures” to avoid a default.

Пікірлер: 1 300

  • @fedup3582
    @fedup3582 Жыл бұрын

    Why don't we start with having all these millionaire politicians who have created this problem start paying for it out of their own pockets?

  • @LoDoFilmUnlimitedMedia
    @LoDoFilmUnlimitedMedia Жыл бұрын

    The very first cuts that need to be made is to CONGRESSIONAL SALARIES! They are overvalued and overpaid!

  • @blakethegreatone2058

    @blakethegreatone2058

    Жыл бұрын

    Lol. That won't happen. Ever.

  • @ronaldnorris2179

    @ronaldnorris2179

    Жыл бұрын

    Only job I know of where you can vote your own selves a raise!!!

  • @tubethenoob627

    @tubethenoob627

    Жыл бұрын

    They don’t make their fortunes from their “salaries.” Cut it to zero and they’d still all become millionaires. I would say look at Pelosi but really, it’s all of them.

  • @quartqwertbudisgood

    @quartqwertbudisgood

    Жыл бұрын

    Tip of the ice berg, get ready for a digital currency.

  • @Bigmoesif

    @Bigmoesif

    Жыл бұрын

    I bet they give themselves a raise.

  • @markjoslin9912
    @markjoslin9912 Жыл бұрын

    The first thing to happen is congress should not get paid. And no back pay when things are resolved. The created this mess they should suffer.

  • @kronicdragon7381

    @kronicdragon7381

    Жыл бұрын

    EXACTLY

  • @rodneymiller5926

    @rodneymiller5926

    Жыл бұрын

    Lol yeah right, they are your rulers and they farm you for dollars.

  • @juwest7756

    @juwest7756

    Жыл бұрын

    You sir have said the most smartest thing on this chat yet it's both sides fault and this mess happens every year around tax time and they want to give people the minimum working hard when stocks been low but yet they're pockets won't be in trouble right theyre investments are to the banks and brokers this won't impact the working class citizens watch as long as a building road school or anything they invest in we'll make money taxes they'll take most of your tax money

  • @dennisnowak2605

    @dennisnowak2605

    Жыл бұрын

    The funny thing about this comment is that when the government does shut down and government employees are either forced to work with their pay delayed or put on furlough these jokers are immune and will get their checks normally.

  • @letitiaabuckley7968

    @letitiaabuckley7968

    Жыл бұрын

    I am so sick of all of them, Never affects them!!! Just the regular Joe blows!!🤬🤬🤬🤬🤬

  • @jlb3505
    @jlb3505 Жыл бұрын

    Really? The US Govt doesn’t have tax money to pay its bills? It has plenty of tax dollars to fund all kinds of hair brained donor deals, keep one of the LARGEST employee counts in the country, and still have enough to treat itself to a life of luxury, licentiousness, and corruption.

  • @karmasutra4774

    @karmasutra4774

    Жыл бұрын

    What about the 75,000 IRS agents they said they were hiring too

  • @celticseaalchemist7667

    @celticseaalchemist7667

    Жыл бұрын

    @@karmasutra4774 that's over the next 10 years. In that 10 years, 50,000 agents will be retiring. Also the IRS was severely reduced during the last administration so they need to hire more people to cover the staffing deficit.

  • @ghostfifth

    @ghostfifth

    Жыл бұрын

    They've always just printed more

  • @v.m.8472

    @v.m.8472

    Жыл бұрын

    @@karmasutra4774 best idea of all!

  • @blakethegreatone2058

    @blakethegreatone2058

    Жыл бұрын

    @@celticseaalchemist7667 no staffing deficit. That was a lie perpetrated by the media to make people think it was a good thing they were hiring 80k armed employees to subjugate the masses in their pursuit to extort all the money from Americans.

  • @orka_sd8011
    @orka_sd8011 Жыл бұрын

    How the hell are we in debt but still helping countries with 2.5 billion dollars???

  • @richminor3081

    @richminor3081

    Жыл бұрын

    That's how we got in this mess !

  • @kimlarso

    @kimlarso

    Жыл бұрын

    Think of the Trillion spent for the useless 20 yrs in Afghanistan! No wonder Americans will always be a target bc we’re Guilty by Associations

  • @leonardodakimchi

    @leonardodakimchi

    Жыл бұрын

    100 billion

  • @thomascole891

    @thomascole891

    Жыл бұрын

    We borrow money from china, then give them foreign aid.

  • @bradleysmith9431

    @bradleysmith9431

    Жыл бұрын

    It's almost like the u.s. government is intentionally trying to bankrupt america and make it fall... Almost... Oh wait

  • @williemo44
    @williemo44 Жыл бұрын

    We The People are The Government. The day Americans began to view the Government as a third party, that third party became an oppressor.

  • @government_is_violence

    @government_is_violence

    Жыл бұрын

    no the people are NOT the government its an illegitimate system with political parasites that think they have some imaginary "authority" thanks to "you the people" more like you the sheeple

  • @hayaq9991

    @hayaq9991

    Жыл бұрын

    Im black so thats been since birth

  • @Jbeeze82

    @Jbeeze82

    Жыл бұрын

    You mean we the same people that love Amrikkka giving trillions to the Ukrainian Nazis with all red,white,blue love?? Yeah Amerikkka has nobody to invade anymore. Russia,china north Korea will end the Amerikkkan dollar that's what the war is about.

  • @steveladner4346
    @steveladner4346 Жыл бұрын

    Everything is free until Everything cost more than you can afford.

  • @donaldabel1233

    @donaldabel1233

    Жыл бұрын

    you can't tell the mall crowds anything. they'll continue to try to look rich any way possible

  • @tylerkriesel8590

    @tylerkriesel8590

    Жыл бұрын

    Socialism works great until you run out of other people’s money.

  • @brad3378
    @brad3378 Жыл бұрын

    They just spent $1.7 trillion of our tax dollars last month. When is it ever enough?

  • @underground9260

    @underground9260

    Жыл бұрын

    Apparently never! Our government hasn’t had a balance budget since Bill Clinton has left office.

  • @generaleerelativity9524

    @generaleerelativity9524

    Жыл бұрын

    What's wrong? You don't like ol' Joseph and Co. Laundering your tax dollars?

  • @jbfane

    @jbfane

    Жыл бұрын

    For the greedy politicians it is never enough.

  • @fck45

    @fck45

    Жыл бұрын

    @@generaleerelativity9524 Trump created almost 8 billion add on debt with TAX breaks for rich that meant WE had to pick up the tab!!!

  • @caweso8321

    @caweso8321

    Жыл бұрын

    @@fck45 Still better than 120 Billion to Ukraine thus far. Who pays that tab?

  • @morenahlatshwaya
    @morenahlatshwaya Жыл бұрын

    Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished, Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return., I pray that anyone who reads this will be successful in life too 🙏🙏🙏

  • @Soboj-oy8me

    @Soboj-oy8me

    Жыл бұрын

    yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too

  • @philominafashi1662

    @philominafashi1662

    Жыл бұрын

    Hello I'm new here, what exactly kind of investment are you talking about here please I'm interested too

  • @manitizlucia7988

    @manitizlucia7988

    Жыл бұрын

    Obviously these investment requires much cash and concentration to start?

  • @adasohas

    @adasohas

    Жыл бұрын

    you're right Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.

  • @user-cd6ny9yp9y

    @user-cd6ny9yp9y

    Жыл бұрын

    yeah for sure, honestly I made 62,800 dollars within 6days of trading with Bit coin.

  • @candancepeace1539
    @candancepeace1539 Жыл бұрын

    Cut salary for those in office, their not doing anything anyway. 😢

  • @gwills9337

    @gwills9337

    Жыл бұрын

    They get most of their wealth through bribes anyway

  • @TJV-ix6jj
    @TJV-ix6jj Жыл бұрын

    hold all these politicians accountable we the people of America did not choose this!!!!

  • @generaleerelativity9524

    @generaleerelativity9524

    Жыл бұрын

    Don't worry, we'll get the experts on it right away. Didn't ya hear Dr. Horselips? Hims educated on the matter and hims gone tell you bout it boss!

  • @government_is_violence

    @government_is_violence

    Жыл бұрын

    yes you did by voting for government, its your own damn fault for believing in its mythical "authority"

  • @TJV-ix6jj

    @TJV-ix6jj

    Жыл бұрын

    @@generaleerelativity9524 you stoopit lol

  • @vladimirofsvalbard9477

    @vladimirofsvalbard9477

    Жыл бұрын

    Of course they did, people make a country bud. Blaming politicians and not the citizens is ridiculous lol

  • @scarlette9953
    @scarlette9953 Жыл бұрын

    Dep of Labor changed rule and allows companies to use 401k plans to be used for “moral” investments instead of being protected by the law made by Congress. A bureaucratic department should not be allowed to break laws set by Congress.

  • @SapphireZeev36
    @SapphireZeev36 Жыл бұрын

    Everyone else in America has to know how to balance their budget. Somehow for Govt it’s optional

  • @Hollywood041

    @Hollywood041

    Жыл бұрын

    Yes, very good. Nations are not people and operate in a different way, excellent point.

  • @adjwindu70

    @adjwindu70

    Жыл бұрын

    Yes. Because debt ceilings are imposed on regular people. Such as credit cards and loans. No one has put a ceiling on the feds except the feds.

  • @SapphireZeev36

    @SapphireZeev36

    Жыл бұрын

    @Meme Memeson I think all of congress should be replaced by a bunch of grandmothers with just good old world common sense.

  • @TinyGoHomes
    @TinyGoHomes Жыл бұрын

    If congress can’t do their job. Make them work for free till our money is back in order.

  • @kellanaldous7092

    @kellanaldous7092

    Жыл бұрын

    They wouldn't mind, most of their pay comes from insider trading anyway. 🤷‍♂️

  • @maryvernon6411

    @maryvernon6411

    Жыл бұрын

    💯 exactly 💯

  • @TinyGoHomes

    @TinyGoHomes

    Жыл бұрын

    @@kellanaldous7092 lol yeh eh

  • @davelegend7977
    @davelegend7977 Жыл бұрын

    All of what she said as already happened and still happening….I just love how they’re always late with information

  • @tdan6828

    @tdan6828

    Жыл бұрын

    Because they don't deal with it lol

  • @MH-bw9zt

    @MH-bw9zt

    Жыл бұрын

    No lol. You have no idea what would happen. You think things are and now? This will collapse the economy and it will be the fault of Republicans. And of course they'll blame dems for it and the conservative sheep will believe them.

  • @dalegehrking2862

    @dalegehrking2862

    Жыл бұрын

    No they don't deal, they steal. The woke really need to wake up. They will have to pay as well as the rest of us. No free ride.

  • @SquanchyCatDad

    @SquanchyCatDad

    Жыл бұрын

    They have no choice but to admit it before it gets really bad.

  • @MH-bw9zt

    @MH-bw9zt

    Жыл бұрын

    @@SquanchyCatDad it wouldn't get as bad if Republicans didn't do bs like this. The point is people complain about the dems on the economy, and with good reason, but at the same time they're blind and delusional and think Republicans actually know about how to help Americans and start to turn the economy around. They dont.. everything they are doing is going to make things significantly worse for most people. It's why Republicans didn't even bother to lay out proposals on the economy during the midterm campaigns, and instead tried to distract by drumming up the culture war. If they told people their true plans, they wouldn't have even won the house back

  • @damaris2085
    @damaris2085 Жыл бұрын

    So embarrassing. We see the government send countries billions of dollars over the years, but can’t afford to pay their own bills 🙄 IRRESPONSIBLE AND EMBARRASSING

  • @high-intelligence111

    @high-intelligence111

    Жыл бұрын

    From other countries, it's paid back with interest later on, unless we need the country for strategics.

  • @lanceluna9781

    @lanceluna9781

    Жыл бұрын

    And the trillion dollars of tax cuts we hand out to the wealthiest people at the top.

  • @MrBrownnn696
    @MrBrownnn696 Жыл бұрын

    THANK YOU DEMOCRATS AN YOUR SPENDING LETS NOT FORGET THAT…

  • @kellanaldous7092

    @kellanaldous7092

    Жыл бұрын

    Right, because the debt didn't increase under Trump and Bush....and bush....and Reagan....

  • @TC-uk2sg
    @TC-uk2sg Жыл бұрын

    Yet no tax loopholes are being closed for corporations and big businesses. Requiring them to pay their share of taxes would stop the need to borrow money.

  • @fck45

    @fck45

    Жыл бұрын

    Trump gave them HUGE tax breaks and it created even MORE debt

  • @staloch66
    @staloch66 Жыл бұрын

    Crazy, I was told money doesn’t grow on trees, clearly it does for the government.

  • @dellontobin282

    @dellontobin282

    Жыл бұрын

    I don’t get it. The man dumbed it down for us stupid Americans.

  • @malootua2739
    @malootua2739 Жыл бұрын

    END THE FED

  • @ctaylor960
    @ctaylor960 Жыл бұрын

    Maybe call Ukraine back and get the money you threw at them returned??? Maybe…

  • @fck45

    @fck45

    Жыл бұрын

    what money? Bombs, military gear sitting in large warehouses that was NOT being used and had to be maintained. We sent them GEAR of monetary value it is NOT CASH they do not need paper to fight Trumps buddy Putin they need GEAR!

  • @robertgraham5486

    @robertgraham5486

    Жыл бұрын

    I think some of all those billions of dollars to Ukraine have been stolen by those that received and are in charge of it ,why else do politicians like Nancy pelosi fly over into a war zone to talk with Zelenski

  • @underground9260
    @underground9260 Жыл бұрын

    If our government wants to continue to recklessly spend our taxpayer dollars, then they need to just spend it and give us the money instead!

  • @barrybb5409

    @barrybb5409

    Жыл бұрын

    Sorry jews in israel and ukraine depend on our money to buy mansions. What kind of antisemite are you wanting to exterminate all jews and spend money on methamphetamine? Dont you know they are chosen by god to rule over and destroy us?

  • @Hollywood041

    @Hollywood041

    Жыл бұрын

    Appropriations exists so that money is not spent recklessly. If programs are not working properly you can examen the reasons and it is almost always b/c they had to work w/ less people or outdated machines b/c there was not enough funding. So, more taxes is the remedy. Unless you don't want to be America anymore, what you are advocating is essentially independent city-states , but honestly you would probably get mad at that too.

  • @barrybb5409

    @barrybb5409

    Жыл бұрын

    @@Hollywood041 yeah and appropriations approved 118,000 dollars to see if you can thanos snap in a metal glove. Its all a rigged system designed to extract money from us and give it to a special certain specific group of people.

  • @ducewags

    @ducewags

    Жыл бұрын

    @@Hollywood041 War is a program, that program spends more then it makes fighting for other country's, and NOT the American people. Do you see a problem with spending recklessly yet? Will the country's America helps, bail out America from it's debt? And you "think" taxes are the remedy?

  • @blakethegreatone2058

    @blakethegreatone2058

    Жыл бұрын

    I would be ok with abolishing income taxation. It's extortion.

  • @johnroyer2522
    @johnroyer2522 Жыл бұрын

    This is what they wanted, the great reset. 👍

  • @dalegehrking2862

    @dalegehrking2862

    Жыл бұрын

    The proper reset not the one they wanted in DaVos.

  • @denniscrane9753

    @denniscrane9753

    Жыл бұрын

    @@dalegehrking2862 no it’s the same thing!

  • @PenelopeGT

    @PenelopeGT

    Жыл бұрын

    They're destroying our country on purpose & our military is allowing it. Oath breakers in dresses

  • @barrybb5409

    @barrybb5409

    Жыл бұрын

    Great depression forces americans to enter a world war that only benefits the jewish. When and where have we seen this before?

  • @blakethegreatone2058

    @blakethegreatone2058

    Жыл бұрын

    Yup. Just wait till chicken is 25 dollars a piece.

  • @rickshawwheelchair
    @rickshawwheelchair Жыл бұрын

    Mark Joslin said this: no pay for the congress that created this problem!

  • @kellanaldous7092

    @kellanaldous7092

    Жыл бұрын

    Most of the people who caused this are long retired or dead. This is the end, downstream of Reagans policies. The policies carried and enhanced by every sitting president since. Both sides of the isle.

  • @maryvernon6411

    @maryvernon6411

    Жыл бұрын

    I agree

  • @drakokamikaze8823

    @drakokamikaze8823

    Жыл бұрын

    They already made millones insider trading. A small salary is never the main goal.

  • @Hollywood041

    @Hollywood041

    Жыл бұрын

    Unfortunately, we cannot deny pay to the Reagan admin.

  • @rvingkeepitrolling8797

    @rvingkeepitrolling8797

    Жыл бұрын

    No pay for the president either.

  • @NCshooter1213
    @NCshooter1213 Жыл бұрын

    If the average person knew what our government was spending money on it would blow there mind. The amount of tax dollars that are sent overseas for stupid stuff would pay for all retirement for years. The amount of money spent on frivolous research that has no benefit to humans or Americans is in the billions. The American government spends money so fast its sickening.

  • @kimlarso

    @kimlarso

    Жыл бұрын

    That and the cost of migrants crossing the wide open border fairing better than my father who worked 65 yrs of his life = he never got free medical school food housing

  • @emilymangelsdorf8455
    @emilymangelsdorf8455 Жыл бұрын

    Maybe the government stop spending money on people that are not even supposed to be in the country and also sending tons of money overseas. That usually happens when we have our own bills paid and then we can help others. It’s a government in the presidents financial irresponsibility. He spending money like it’s nothing.

  • @RonDaGr8t

    @RonDaGr8t

    Жыл бұрын

    Do you understand how all this works? We pledged funding to this country if they got rid of their nuclear stockpiles. If they kept them then Russia would have never attacked due to the chance that they could use them. We have that agreement with several countries around the world. It’s funny that I never hear a peep about all the money we send the Israel.

  • @HighFalutinTootin

    @HighFalutinTootin

    Жыл бұрын

    This current government does not represent America they work for globalist fascists NO TAXATION WITHOUT REPRESENTATION

  • @dalegehrking2862

    @dalegehrking2862

    Жыл бұрын

    To him it is a means to his end. We pay the bill.

  • @maryvernon6411

    @maryvernon6411

    Жыл бұрын

    Bec it's not his and he is the one who caused this.

  • @celticseaalchemist7667

    @celticseaalchemist7667

    Жыл бұрын

    Congress approves the spending.

  • @high-intelligence111
    @high-intelligence111 Жыл бұрын

    The government spending is to blame. Not the people! It's the fault of all those in Congress!!

  • @HeavyHardDrive

    @HeavyHardDrive

    Жыл бұрын

    Nancy Pelosi picked a great time to retire out of congress. Her and her elk do all this damage and then she dips out before she can be blamed.

  • @patwhite8106

    @patwhite8106

    Жыл бұрын

    If the government actually cut spending, the people would throw a fit and vote them out of the office

  • @barrybb5409

    @barrybb5409

    Жыл бұрын

    What people did congress give all out money to? Who gets billions of dollars every year? Who doesnt have to pay taxes?

  • @blakethegreatone2058

    @blakethegreatone2058

    Жыл бұрын

    Yup. Key word is ALL

  • @heavyd777

    @heavyd777

    Жыл бұрын

    You mean the Democrats.

  • @kbrown5218
    @kbrown5218 Жыл бұрын

    The feds credit card has been maxed out for 50 years. No one can do math anymore.

  • @anthonymartinez4307
    @anthonymartinez4307 Жыл бұрын

    Here’s one question? Why hast the us debts not been paid? Ask all these politicians on vote day why they haven’t paid anything retroactive since debt started? We been paying for a long time ( taxes) so why haven’t any of them paid? How about asking them for that money now. They sure like to spend to spend let’s see them pay back.

  • @thomasauslander3757

    @thomasauslander3757

    Жыл бұрын

    That's why the IRS agents will be knocking at your door if you don't pay your taxes..

  • @bobbyjohnson116

    @bobbyjohnson116

    Жыл бұрын

    So wait republicans want to not raise the debt ceiling, stop the IRS from collecting taxes, cut social security, but spend more on the military? Seems like federal employees across the board need a major pay cut. Let’s start there….

  • @bobbyjohnson116

    @bobbyjohnson116

    Жыл бұрын

    Trump increased the national deficit ask him?

  • @gNOme_5

    @gNOme_5

    Жыл бұрын

    Ya cuz they sure find the money to give themselves a raise every year!?

  • @adel19997

    @adel19997

    Жыл бұрын

    Democrats spend your money elsewhere

  • @karmasutra4774
    @karmasutra4774 Жыл бұрын

    They do this a lot. They will not let it default. It's like the threats the cable companies have with local affiliates and they are always threatening they will pull the programming ... but at the last minute they don't

  • @Bobbyleejoe2556

    @Bobbyleejoe2556

    Жыл бұрын

    You dumb. 😂

  • @ronaldarias322

    @ronaldarias322

    Жыл бұрын

    the only thing a government knows how to do (and in particularly our government) is to spend money, their power comes directly form that...they signing

  • @Bobbyleejoe2556

    @Bobbyleejoe2556

    Жыл бұрын

    @@ronaldarias322 , It’s the 900 plus Billions spent annually on the military will be US Down fall. Lol! Not to forget nations that are constantly being bullies by US as well.

  • @blakethegreatone2058

    @blakethegreatone2058

    Жыл бұрын

    Right. They aren't going to allow themselves to go without their money. Both sides are to blame for this and the coming crash.

  • @ngpb17

    @ngpb17

    Жыл бұрын

    well this was true in the past, but we have politicians that do not understand the system and would do anything to sabotage their political opponents regardless of consequences. I think modern republicans will try to take the country down to the point that most progressive would look for a better future elsewhere in the world. To me it seems they are following MVR tactics to the letter, the country is going down fast.

  • @doctormcnutty
    @doctormcnutty Жыл бұрын

    You're going to trust the word of a man who's not even got a full pair of eyeglasses?

  • @wiley5oh51
    @wiley5oh51 Жыл бұрын

    So you’re telling me there are consequences to spending trillions of dollars that we don’t have? Interesting 🙃

  • @maryvernon6411

    @maryvernon6411

    Жыл бұрын

    Yes very

  • @oneiros458
    @oneiros458 Жыл бұрын

    As a service member who has weathered a few government shutdowns, working without pay during that time, I fully support congress taking the L while we sort this all out.

  • @Mike-tn2ii

    @Mike-tn2ii

    Жыл бұрын

    Trumper troll. Keep kissing the butts of the gop.

  • @wildamerican2771

    @wildamerican2771

    Жыл бұрын

    Raising the debt ceiling will increase inflation even more. Now that Russia and China are paying OPEC in Rubels and Yuan our currency is in a free fall…

  • @fck45

    @fck45

    Жыл бұрын

    Not a shutdown a collapse, meaning people that depend on what they paid into might come to a halt

  • @wildamerican2771

    @wildamerican2771

    Жыл бұрын

    @@fck45 It’s going to collapse anyways, only it will be unexpectedly later.

  • @c.s.5177
    @c.s.5177 Жыл бұрын

    Why do we have to pay for what our stupid politicians do?! Not one person I voted for was elected. This is not my fault.

  • @C5Z06CarGuy
    @C5Z06CarGuy Жыл бұрын

    Congress needs to reduce spending until they can meet the current ceiling /discussion.

  • @stephenb7067
    @stephenb7067 Жыл бұрын

    My brother gave me the best financial advice-“Stop spending your money!” He retired at 55. I retired at 61. Smart brother………

  • @msheehandub

    @msheehandub

    Жыл бұрын

    Amen! Most Americans are brainwashed into eating out, buying new stuff they don't need, and buying things they can't afford. Stop spending money *on things* and you'll retire sooner and happier. Spend money on experiences.

  • @nicholasthomas4382
    @nicholasthomas4382 Жыл бұрын

    There is NO WAY that guy is a doctor, unless he got his doctorate from a box of Lucky Charms.

  • @OculusVector
    @OculusVector Жыл бұрын

    And here's a large middle finger 🖕 to the U.S. Government and the Fed for creating this situation.

  • @rebeccascott630
    @rebeccascott630 Жыл бұрын

    Then our government should be working day & night to fix this!

  • @douglaskeen873
    @douglaskeen873 Жыл бұрын

    The first step in becoming wealthy is to understand why most people never become wealthy: 1. They never decide to become wealthy. 2. They don't know it's possible to become wealthy. 3. Procrastination. 4. Inability to delay gratification. 5. Lack of long-term perspective. 6. Lack of financial education.

  • @ToxicityAssured

    @ToxicityAssured

    Жыл бұрын

    1. They never decide to become wealthy.

  • @ldisc66

    @ldisc66

    Жыл бұрын

    7. Inability to exploitatively profit from other people's hard work.

  • @gwills9337

    @gwills9337

    Жыл бұрын

    Wages haven’t kept up for 50 years and you’re gaslighting the plebs about delaying gratification 😮

  • @douglaskeen873

    @douglaskeen873

    Жыл бұрын

    @@ldisc66 🤣🤣🤣🤣🤣

  • @douglaskeen873

    @douglaskeen873

    Жыл бұрын

    @@gwills9337 🤣🤣🤣🤣🤣

  • @Cadody21
    @Cadody21 Жыл бұрын

    This has already hit this man and his half broken glasses.

  • @BigBossette20

    @BigBossette20

    Жыл бұрын

    😂😂😂

  • @Humanity894

    @Humanity894

    Жыл бұрын

    😂😂😂😂

  • @sandmasterflex

    @sandmasterflex

    Жыл бұрын

    Half broken or half fixed glasses? 🤓

  • @jcherestal

    @jcherestal

    Жыл бұрын

    Probably done by one of his "churren"

  • @Fatimayurr
    @Fatimayurr Жыл бұрын

    I love how the government starts caring about their debt when we reached the ceiling with it. Talk about procrastination.

  • @AlpacaLipps
    @AlpacaLipps Жыл бұрын

    Stop borrowing money.

  • @smokin19861
    @smokin19861 Жыл бұрын

    The Federal Government took in a record amount of money last year and they still ran out. The idiot in the White House and Congress just want to make more credit cards instead of stop spending money we don't have. We really need term limits in congress.

  • @LegendsAre_Made
    @LegendsAre_Made Жыл бұрын

    America, sweet America You know, God done shed his grace on thee He crowned thy good, yes he did, in brotherhood From sea to shining sea👑🌎👑🇺🇸🇺🇸🇺🇸 In God We Trust 💴 💵 👑

  • @sunshine1450
    @sunshine1450 Жыл бұрын

    But your government is giving more money to Ukraine 🤷🏽‍♀️ IM CONFUSED!!!

  • @balla4544

    @balla4544

    Жыл бұрын

    got to prop up their puppet government. of course thats where they research all their dangerous diseases and launder all their crooked money.

  • @wildamerican2771

    @wildamerican2771

    Жыл бұрын

    Because no one has ever asked why Putin invaded Ukraine. We keep being told it’s “because he is psycho” but they forgot to mention that Ukraine has been shelling eastern provinces for 8 years trying to purge the area of ethnic Russians.

  • @fck45

    @fck45

    Жыл бұрын

    Money? No it is military gear weapons and things STORED AWAY that is collecting dust, the DOD said it is getting old anyway the stuff from Desert Sand. By the way GOP is always FOR spending on the military right????

  • @wildamerican2771

    @wildamerican2771

    Жыл бұрын

    @@fck45 Mainstream GOP yes, MAGA GOP absolutely not..

  • @HeavyHardDrive
    @HeavyHardDrive Жыл бұрын

    We are in middle of 40 year high records being broken, but at least we got rid of mean tweets. C'mon man. "Let's go Brandon, i agree" "Let Me Start Off With Two Words, Made In America" - Joe 'Corn Pop was a bad dude' Biden

  • @julius6238

    @julius6238

    Жыл бұрын

    Wow you are smart

  • @fck45

    @fck45

    Жыл бұрын

    The Debt Trump created was almost 8 billion in 4 years due to TAX BREAKS for the RICH!

  • @georgehugh3455
    @georgehugh3455 Жыл бұрын

    "Experts" come off as more believable if they can actually pronounce words such as "mortgage" and "children."

  • @malahkhesus482
    @malahkhesus482 Жыл бұрын

    If you can continue to raise a debt ceiling then there really is no debt limit. It's about division and there never was debt.

  • @goldenrose1445
    @goldenrose1445 Жыл бұрын

    We the People need to start having these people in congress pass financial literacy tests. Meaning if you can’t shows us you know how to balance a budget, without having to raise the debt ceiling or borrow more money… you don’t deserve a seat in congress. Government spending is out of control and the average American is tired of being the piggy bank of the millionaires in Congress.

  • @JC-tq8gm
    @JC-tq8gm Жыл бұрын

    Let the sanity begin. The MSM will act like the right is liking baby seals, but we really need to get our debt under control and stop over spending. Both parties are to blame in the past, but a solution has to start some time. Now is a great time.

  • @RonDaGr8t

    @RonDaGr8t

    Жыл бұрын

    It’s always a great time when Dems are in office. GOP notoriously over spends then ask the Dems to suck it up and save.

  • @dalegehrking2862

    @dalegehrking2862

    Жыл бұрын

    Ya, when we r at the end of our financial rope. Tie a knot on the end before we fall completely off into the abyss!

  • @icesta09

    @icesta09

    Жыл бұрын

    Now is always the best time

  • @fck45

    @fck45

    Жыл бұрын

    @@icesta09 for what you gonna take over the USA and manage it?

  • @innerstatescrilla1887
    @innerstatescrilla1887 Жыл бұрын

    Giving all this money to foreign nations.. tell them to repay the US like Trump use to make them do.. smh

  • @spacebagelbacon2346

    @spacebagelbacon2346

    Жыл бұрын

    Trump raised the debt ceiling twice, what are you talking about. He raised our debt by 7 trillion dollars.. smh

  • @innerstatescrilla1887

    @innerstatescrilla1887

    Жыл бұрын

    @@spacebagelbacon2346 we got the only prezzie in history that hand shakes the flag & fall off bicycles & no one can get him to accidentally put millions in every American bank account.. sad! Smh lol

  • @fck45

    @fck45

    Жыл бұрын

    Trump gave TAX BREAKS to billionaires which added to the DEBT almost 8 BILLION dollars wtf are you talking about? He also put NEW TARIFFS on imports causing INFLATION and COST OF LIVING went UP...hello????

  • @doctoribanez
    @doctoribanez Жыл бұрын

    Why would the government spend more than they have when inflation is so high. I'm 47 and the quality of life has been in a downward spiral my whole life. These career politicians have totally destroyed this country

  • @akalksander9184
    @akalksander9184 Жыл бұрын

    They've run out of money but they refuse to cut spending. It doesn't make any sense.

  • @kellanaldous7092

    @kellanaldous7092

    Жыл бұрын

    It makes perfect sense once you accept that the elites, regardless of political leaning, are funneling our money through ridiculous spending back into their own pockets. They've been slowly building up to this for the last 40 years, now it's almost st the end and they don't even try and hide it anymore. They know we're powerless and overwhelmed and manipulated by the media into hating other americans rather than stopping to realize who the real enemy is, with just trying to earn enough to feed our families, to ever threaten their scheme. Covid was an excuse for a trial run, and we failed the test miserably. They know now they can do anything they want and we will just keep hating our fellow citizens while they rob us and laugh about it.

  • @TwinGoats
    @TwinGoats Жыл бұрын

    But Ukraine got their money….

  • @kellanaldous7092

    @kellanaldous7092

    Жыл бұрын

    You mean Raytheon, Lockheed Martin, and various corrupt arms dealers, nazis, and terrorists around the world, got our money.

  • @maryvernon6411

    @maryvernon6411

    Жыл бұрын

    Our money

  • @christrudell7966
    @christrudell7966 Жыл бұрын

    Wait a minute... Biden and Co. keep saying everything's just fine.

  • @rodneymiller5926

    @rodneymiller5926

    Жыл бұрын

    It is is for him and his gang.

  • @robert.m4676

    @robert.m4676

    Жыл бұрын

    He’s lied from Day one that he became a politician! He’s got to go and president Trump needs to replace him while we still have a country!❤️🇺🇸❤️🙏🏻🤙🏻

  • @quatjohn4375

    @quatjohn4375

    Жыл бұрын

    @@robert.m4676 I’d rather have the janitor of a Petco. Biden shouldn’t run again but neither should Trump.

  • @robert.m4676

    @robert.m4676

    Жыл бұрын

    @@quatjohn4375 yeah who wants a safe country with an excellent economy. Yeah right!! Why do you suggest Obama?

  • @selonious341

    @selonious341

    Жыл бұрын

    @@quatjohn4375 completely indoctrinated 😄🐑😄

  • @kevinpeshek3387
    @kevinpeshek3387 Жыл бұрын

    Cut welfare for all these people that don't need it and cut the salary for the house and senate until this figure this crap out

  • @rumblethis2023
    @rumblethis2023 Жыл бұрын

    Who are these experts? The same criminals that are writing the event!

  • @marciayoung1094
    @marciayoung1094 Жыл бұрын

    Thank You Biden for sending all of our money over seas

  • @dianaprince3176

    @dianaprince3176

    Жыл бұрын

    Presidents aren’t revenue appropriators, dingus. That’s the Legislative branch. Stay in school, kids!

  • @kronicdragon7381

    @kronicdragon7381

    Жыл бұрын

    He didn’t. The republicans in the house are trying to strong arm him to their demands. Stop drinking these idiots koolaid.

  • @morganwartman8507

    @morganwartman8507

    Жыл бұрын

    @@dianaprince3176 lol if only you knew how government actually works. The president has the ability to veto any legislation the congress forwards to him including military assistance since, well, his title is “commander in chief”. But hey why actually know what you’re talking about when instead you can just pretend

  • @whatsgoodmyguy4391

    @whatsgoodmyguy4391

    Жыл бұрын

    @@dianaprince3176he didn't Veto it did he ?

  • @robert.m4676

    @robert.m4676

    Жыл бұрын

    @@dianaprince3176 so you’re actually defending this garbage? Bid n could have vetoed this massive spending spree that does nothing for the American people! You sound like a paid spokesperson!

  • @RosenBlanche84
    @RosenBlanche84 Жыл бұрын

    Anyone who thinks this isn’t happening on purpose is fooling themselves.

  • @ImZeroDayz
    @ImZeroDayz Жыл бұрын

    Finally, a news story worth while. Good job KPRC

  • @vtogvblog
    @vtogvblog Жыл бұрын

    So the solution is to keep adding more debt? This is the same as having $800,000 of debt and getting another $100,000 loan to help pay it off.

  • @robrtarnold

    @robrtarnold

    Жыл бұрын

    Ponzi scheme

  • @Chiefqueef91

    @Chiefqueef91

    Жыл бұрын

    They been doing it for years

  • @DoSe420
    @DoSe420 Жыл бұрын

    It's not a debt default. Raising the debt ceiling let's the government spend more money. If Congress was forced to only spend the money they get in taxes, we wouldn't be raising the debt ceiling ever.

  • @jrbland18
    @jrbland18 Жыл бұрын

    REGULAR PEOPLE ARE STRUGGLING RIGHT NOW. BRING THE FOOD PRICES DOWN.

  • @rhondarichmond9259
    @rhondarichmond9259 Жыл бұрын

    Let’s send billions of more money to Ukraine🤬🤬🤬🤬🤬🤬

  • @noyes3810
    @noyes3810 Жыл бұрын

    If government officials pass a 4000 page bill in 24 hours, what else do you expect?

  • @MichaelWilson-sn1yo
    @MichaelWilson-sn1yo Жыл бұрын

    Financial expert with broken glasses is kinda hard to take seriously!

  • @brad3378

    @brad3378

    Жыл бұрын

    He has the same credibility as anyone else who speaks in ebonics

  • @TheRealXidious
    @TheRealXidious Жыл бұрын

    Bro why are we here just talking about these politicians that work for corporations corruptly and wasting our money WASTING IT or "losing". I'm starting to think we may have to all band together and stop paying taxes for a few years so they will get the point!

  • @pshhh5741
    @pshhh5741 Жыл бұрын

    I already won't buy a house because a 180k house on a 30yr mortgage totals over 460k by the time it's paid off.... even tho the house was originally built for 90k or maybe a little more...

  • @oliverholness8033
    @oliverholness8033 Жыл бұрын

    Time to fire some key people. Once these "officials" in the govt feel consequence for their actions or lack there of, they will act accordingly. If the people feel it the representatives of the people should feel it too

  • @barrybb5409

    @barrybb5409

    Жыл бұрын

    Youre such an antisemite! No jew should have to suffer if we can suffer instead of them. No jew should lose a penny if we can pay out billions of dollars. You deserve to be thrown under the jail you antisemite.

  • @blakethegreatone2058

    @blakethegreatone2058

    Жыл бұрын

    Should but they won't. Nothing will change or get better.

  • @chrstmanservant

    @chrstmanservant

    Жыл бұрын

    @@blakethegreatone2058 seems like you are waiting on the problem to correct itself. With that logic, how could it improve?

  • @blakethegreatone2058

    @blakethegreatone2058

    Жыл бұрын

    @chrstmanservant it won't,but it's not my mind set. I know that nothing short of a rebellion is going to stop what is coming. Unfortunately, everyone is so caught up thinking that their idiot side is better than the other to realize it's everyone in government screwing us over. Maybe food prices sky rocketing will wake people up,but I doubt it.

  • @oliverholness8033

    @oliverholness8033

    Жыл бұрын

    @@barrybb5409 Rotfl, that hilarious. Loud and wrong. I am an ISRAELITE. I pray to the God of Abraham, Isaac and Jacob. I'll patiently wait for your response....

  • @American11B
    @American11B Жыл бұрын

    Exactly on path as designed.

  • @PumpkinKingXXIII
    @PumpkinKingXXIII Жыл бұрын

    If we default, interest rates go up. If we don’t they print more money causing inflation and interest rates to go up.

  • @LaidBackFellow
    @LaidBackFellow Жыл бұрын

    If this happens I’ll stop paying taxes. No taxes no money for the government as well.

  • @FrankQ777
    @FrankQ777 Жыл бұрын

    Balance budget amendment...

  • @peterdupuis9238
    @peterdupuis9238 Жыл бұрын

    Honestly, we need to default. We can’t keep going like this it is unsustainable at best. Also if the media is making a big deal about how bad it is then we should let it happen because they are the definition of gaslighting lol.

  • @kimlarso

    @kimlarso

    Жыл бұрын

    Default? Who’s picking that Tab up?! It don’t just disappear like we make money out of air

  • @PNW_Adventures1

    @PNW_Adventures1

    Жыл бұрын

    @@kimlarso when you declare bankruptcy do you pay ? Not with money you don’t but your credit suffers.

  • @fck45

    @fck45

    Жыл бұрын

    Crash of economies and 70 million jobs gone in USA in about 30 days yea OK

  • @jrbland18
    @jrbland18 Жыл бұрын

    BRING THE INTEREST RATES DOWN. BRING THESE RENT PRICES DOWN AND MORGAGE PRICES DOWN ON THESE HOUSES.

  • @brucefritchey8055
    @brucefritchey8055 Жыл бұрын

    Are we talking about the completely made-up debt issue and the Federal Reserve, which isn't federal and isn't a reserve?

  • @brooklynsown8217
    @brooklynsown8217 Жыл бұрын

    It’s called the great reset this was all planned

  • @shmurr1203
    @shmurr1203 Жыл бұрын

    This "financial expert" is so thrifty he bought glasses that only go behind one ear!?! Seriously, why don't they also sit on his right ear?

  • @randyscrafts8575

    @randyscrafts8575

    Жыл бұрын

    Cheaper. Half off.

  • @barrybb5409
    @barrybb5409 Жыл бұрын

    Debt limit yesterday. 2.5 billion to ukraine today. Tax increases for us tomorrow.

  • @rmpj13
    @rmpj13 Жыл бұрын

    Borrowing trillions to give to other countries, how stupid the government has become.

  • @akalksander9184
    @akalksander9184 Жыл бұрын

    Dr Steele needs a class on public speaking, thou.

  • @molinaafo

    @molinaafo

    Жыл бұрын

    Real talk dawg

  • @adalatresse8286

    @adalatresse8286

    Жыл бұрын

    I understood him just fine. There's always a critic in the room.

  • @theresapradziad7141

    @theresapradziad7141

    Жыл бұрын

    Imagine taking financial advice from this guy.

  • @louisluck5

    @louisluck5

    Жыл бұрын

    @@theresapradziad7141 Of course a genius such as yourself would judge someone's ability based on how they talk, imagine taking any advice from you.

  • @lzbngamer6351

    @lzbngamer6351

    Жыл бұрын

    @@theresapradziad7141 Atleast when hes talking to you he is coming genuinely and real

  • @KeweenawPatriot
    @KeweenawPatriot Жыл бұрын

    Vacation? I haven't one of those sense '97....

  • @gNOme_5

    @gNOme_5

    Жыл бұрын

    *since

  • @georgehugh3455

    @georgehugh3455

    Жыл бұрын

    Nonsince!

  • @gNOme_5

    @gNOme_5

    Жыл бұрын

    @@georgehugh3455 🤣🤣 haha, cute!

  • @muddyshoesgardener
    @muddyshoesgardener Жыл бұрын

    Accountability!

  • @bilcifer666

    @bilcifer666

    Жыл бұрын

    @@user-fe1ie I'm just gonna guess you're implying to vote republican because of how incredibly stupid you are :)

  • @kimlarso

    @kimlarso

    Жыл бұрын

    You & I are as accountable as they! Your ‘vote’ matters whether you vote or not! Guilt by Association It’s a Legal situationship

  • @seanserflaten8949

    @seanserflaten8949

    Жыл бұрын

    @Kim Larso problem is that the one"s I vote for do not win and if they do they are demonized for taking a stand against such oppression and tyranny. Most people do not want what's best they want what is easy or makes them feel good in the moment then complain when things arent working out.😒

  • @bilcifer666

    @bilcifer666

    Жыл бұрын

    @@seanserflaten8949 that's because your voting for psycho Christian lunatics and con men

  • @ApeLikeThinker
    @ApeLikeThinker Жыл бұрын

    But our politicians won’t be impacted at all. Like always. 🤦‍♂️

  • @tadpoleinseaofminnows8587
    @tadpoleinseaofminnows8587 Жыл бұрын

    They keep talking about less money. If we are 31+ trillion in bebt and hit the ceiling again sounds like we are already broke and they just want to kick the can down the road instead of being smarter with our money.

  • @harrylippidardo
    @harrylippidardo Жыл бұрын

    We are finally spending only what we bring in!!! Can we please keep it like this forever??

  • @you_beg_my_pardon

    @you_beg_my_pardon

    Жыл бұрын

    That's not what's going on at all...

  • @you_beg_my_pardon

    @you_beg_my_pardon

    Жыл бұрын

    We have a limit on how much money we can borrow and we hit the limit.. Which means that we cannot borrow any more money.

  • @danielevans7439

    @danielevans7439

    Жыл бұрын

    @@you_beg_my_pardon Which means we can’t keep spending money we don’t have. That’s good. Now we need to pay those debts off so most of our taxes don’t go to interest.

  • @bilcifer666
    @bilcifer666 Жыл бұрын

    doesnt matter which side youre on. its time to start eating the rich.

  • @bobbyjohnson116

    @bobbyjohnson116

    Жыл бұрын

    Forget taxing the rich just eat ‘em

  • @KCchiefs735

    @KCchiefs735

    Жыл бұрын

    Yeah I’m hungry 😋

  • @bilcifer666

    @bilcifer666

    Жыл бұрын

    @@user-fe1ie yeah and? You made literally no points here, you just said things. Are you high? 😂

  • @bilcifer666

    @bilcifer666

    Жыл бұрын

    @@user-fe1ie maybe try making points instead of saying nothing at all? put down the pipe my dude.

  • @bilcifer666

    @bilcifer666

    Жыл бұрын

    @@user-fe1ie such an idiot 😆😆😆

  • @jrbland18
    @jrbland18 Жыл бұрын

    WELL THE DEMOCRATS AND REPUBLICANS NEEDS TO WORK THIS MESS OUT. THIS IS RIDICULOUS.

  • @626STAH
    @626STAH Жыл бұрын

    Always on the Citizens but not on Federal Government employees especially, those who are in congress and whoever holds the Presidency.

  • @poppabear2944
    @poppabear2944 Жыл бұрын

    Biden's policies should have never put us in this situation

  • @spacebagelbacon2346

    @spacebagelbacon2346

    Жыл бұрын

    Trump raised the debt ceiling twice, what are you talking about? He raised our debt by 7 trillion dollars.. smh

  • @fck45

    @fck45

    Жыл бұрын

    Get educated this has been going on over 50 years which is 4 times your age

  • @ReckerFidelWOLF
    @ReckerFidelWOLF Жыл бұрын

    Stop giving my taxpayer dollars to a non-NATO country, I think that will help dramatically given we sent them 27.5 Billion in aid and we froze to death in December.

  • @mattholland8966
    @mattholland8966 Жыл бұрын

    Yup, bad times could be coming, but if you keep raising the debt ceiling you're only buying a little time and making them worse times when they do get here. Is the answer to running out of money always borrow more? Of eventually do we cut back and go without like a responsible person? Be careful, your answer here will likely divulge your party affiliation. Hehehe

  • @SamSitar

    @SamSitar

    Жыл бұрын

    business will survive on sales of goods and services.

  • @rick15666
    @rick15666 Жыл бұрын

    this happens all the time…. they’re not going to allow it to default, c’mon

  • @thepearlswirl
    @thepearlswirl Жыл бұрын

    Many saw this coming a while ago. I said this in 2020 with the stimulus checks but people literally didn’t care bc FREE MONEY.

  • @fck45

    @fck45

    Жыл бұрын

    50 years of it, this did nt start in 2020

  • @waterworkbyjames1522
    @waterworkbyjames1522 Жыл бұрын

    😂😆😂😆😂😆😂😆. I'm richer than the USA 😂😆😂😆😂

  • @pawpawmike7372
    @pawpawmike7372 Жыл бұрын

    If I controled my wallet like the gov. controls the national wallet, I would have to file for bankruptcy every year. SMDH

  • @kylej741
    @kylej741 Жыл бұрын

    Now tell us how this will impact the politicians.

  • @maryvernon6411

    @maryvernon6411

    Жыл бұрын

    Yell I bet it want and maybe their salaries will increase.

  • @ichigonubetube
    @ichigonubetube Жыл бұрын

    People mad at congress when the Whitehouse said there will be no negotiations, and congress just wants limits on how they spend our money. We eventually will collapse if the spending problem isn't fixed. I'd rather deal with it now, than when we are 100 trillion in debt. We're literally being propped up by being the reserve currency of the world, that won't last forever. Just wait until bread costs like $10,000

  • @jackiemills6948

    @jackiemills6948

    Жыл бұрын

    We already collapsed. We are in a recession they just haven’t announced it yet and going into a depression. Get ready and stock up on the food you can because famine is coming. We are in rough waters. Lord help us all.

  • @SamSitar

    @SamSitar

    Жыл бұрын

    no, business will be fine. it will survive on income.

  • @ichigonubetube

    @ichigonubetube

    Жыл бұрын

    @@SamSitar What are you even talking about? Who will be fine? What business? America has like no exports, we destroyed our manufacturing. We import literally everything. The only think keeping us a float is being the reserve currency. If it wasn't for that, the dollar would be worthless, we would literally have trillions of fancy green paper. In what world do you think we would be fine?

  • @nomanslandmetaldetecting4865
    @nomanslandmetaldetecting4865 Жыл бұрын

    The US pays its bills to who tho?

  • @monicapiggTXpatriot

    @monicapiggTXpatriot

    Жыл бұрын

    China