Perspectives Matter #3016 - Will Federal Government Debt Destroy the Dollar?

Welcome to Perspectives Matter, the McCuistion program, where we continue talking about things that matter with people who care. In this episode, host Dennis McCuistion delves into the pressing issue of the federal debt and its implications for the future. Joined by former head of the Government Accountability Office, David Walker, they explore the staggering increase in the national debt, from less than $1 trillion in 1981 to a projected $50 trillion. They discuss the factors contributing to this alarming trend, including government spending habits and a lack of fiscal responsibility.

Walker emphasizes the importance of addressing the debt burden as a percentage of the economy and the rising interest payments as a percentage of the budget. He highlights the need for bipartisan solutions and proposes a three-pronged approach: stop the bleeding by reducing spending, stabilize the patient with a fiscal stability commission, and cure the disease with constitutional amendments to ensure fiscal responsibility.

The conversation covers various fiscal metrics, including the debt held by the public versus total debt, and the implications of rising deficits and interest costs. They also touch upon the urgent need to address the solvency of Social Security and the possibility of a constitutional convention to propose necessary amendments.

Join McCuistion and Walker as they navigate the complex landscape of fiscal policy and advocate for responsible governance in the face of mounting debt and economic challenges. 

For more information and to engage with our program, visit our website at McCuistionTV.com or connect with us on social media. Thank you for listening, and remember, your perspectives matter.

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Thank you for engaging with us:
Niki McCuistion, Co-founder/ Executive Producer
nikimccuistion@gmail.com, niki@nikimccuistion.com
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