Will U.S. Default on it's Debt? What THEY Won't Tell You! Economist, Dr. Arthur Laffer

Have U.S. government policies finally taken their toll on the U.S. economy? Can the U.S. avoid defaulting on it's debt?

#useconomy #recessionproofinvesting #usnewsheadlines

Dr. Arthur Laffer's Books:

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[SneakerGame-tpgv]

We are not taking from those who have "a little bit" more, that isn't happening. We are taking from the poor and middle class every day, not the rich. We give the money from the middle class to the rich.

We are taking from those with a lot less and giving that money to those with a lot more.

[zsfriml]

With $ 35, 000, 000, 000, 000.00 in national debt and 18, 000, 000, 000, 000.00 in consumer debt most will never be repaid !

[stephennorako]

Dude roasted england so badly and nobody even noticed. “In Britain the pound is doing so bad they are going to rename it the ounce” 😂😂😂😂😂😂

[JohnDaniels]

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented."
-Sir Josiah Stamp, former Bank president

[romeoj]

We HAVE to talk about what the government is doing with the money they actually receive!! Look at CA and the billions spent on homelessness that’s gotten worse! EV charging stations that are not being built! Billions shipped to Ukraine!! It never ends!! When they need more they raise our taxes!! Let’s start with that!!!

[smityca]

I love how central banks lend money they don’t have to governments and then has the audacity to charge interest on it 🤡

[sewnsew]

Sorry dude but America is unaffordable for 90 percent of Americans
Due to excessive debt

[daninthedirt]

Rich people get corporate welfare I.E. tax write offs & bailouts so when nobody gets any kind of hand outs then we can talk

[SteveSympson-wqbb]

When with the Ragan administration he lowered the top tax rate, but he also increased the lower tax rate, thereby adversely affecting the low-income earners. The elite must love this guy!!

[aigajenkinson]

Things arent getting any easier. The average social security check is $2000 a month. The worst part is 22% of Americans have less than $5k saved for retirement. Start investing now! Nobody is coming to save you. better start today

If the debt doesn't matter then why am I paying income taxes when the government can borrow all it wants?

[julienbengkee]

The Chinese say that wealth moves in 3 generations..
1st generation earns the wealth..
2nd generation enjoys the wealth..
3rd generation loses
it all...!!

[MikeTesa]

On the other hand.... The wealthy got wealthier with all this Fiat printing.

[Rob_G]

He’s 83, speaks great, extremely sharp! Definitely on point and Biden sounds & looks like he’s going on 150.

[anniealexander]

He is correct. I got fed up with my property taxes going higher and higher. In the fall, instead of going on a cruise like my coworkers and buying up Christmas gifts, I was paying property taxes. In the spring, while everyone was going to the beach, I was paying income tax. So, I gave my oldest daughter a house. She could homestead it to reduce taxes. Plus, I paid less in income taxes. I gave my son his home almost 2 years ago. I've significantly reduced my income. I've also noticed people on Facebook complaining they aren't receiving their foodstamps. The government can't give away what they aren't receiving.

[joejones]

The deficit is important. No reasonable amout of growth will wipe out this deficit. Plus, a big reason there is a deficit is because the government is spending money on buying votes. Cutting government spending, balancing the budget, and returning confidence in the system is what we need.

[timsimmons]

No taxes, no consequences, for the top 5-10% is a big problem. The debt is also a real problem.

[JohnDaniels]

a return to the limited central government enshrined in the Constitution. State governments should be the highest level of governmental policy except for those responsibilities Constitutionally entrus

[Teakwood]

This man is an apologist for the neoliberal economic policies we now see crumbling, especially in the US, UK and EU.

[Veganisbadhunter-wxnt]

Who was the last President of the USA to leave office with zero national debt? Was it George Washington, James Madison, Thomas Jefferson, James Polk, Herbert Hoover, John F. Kennedy. Bill Clinton, or Donald Trump? None of these jokers. It was Andrew Jackson. Since Jackson left office the United States has gone from zero national debt to $34 Trillion. What the fuck happened since Jackson?