The United States is on the path to financial catastrophe.

Unknown venue/meeting · June 12, 2024

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Warning on national debt and need for spending/tax changes

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Unidentified Speaker warned that "things that can't go on forever, won't," arguing that continuing to "spend massively more than we take in" and adding each year to the national debt is unsustainable and could lead to a future financial catastrophe unless addressed. The speaker said the solution must include both spending reductions and tax changes, and claimed that even eliminating all non-military discretionary spending while keeping mandatory entitlements would still leave a deficit.

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Speakers:Unidentified Speaker

An unidentified speaker warned that continued large deficits and rising national debt are unsustainable, argued both spending cuts and tax changes are needed, and said eliminating non-military discretionary spending alone would still leave a deficit.

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