Video: John Stossel on Bankrupting America
America’s politicians passed more than $2 trillion in spending to keep the economy afloat during the virus pandemic.
America probably can’t afford it. Our federal debt is now where Greece’s debt was just before its peak financial crisis. Unemployment there hit 27%. Greece got bailed out, but nobody will bail America out. So how will America pay off its debt?
There are really three options:
— Default
— Print money
— Raise taxes
All are awful choices. In the video above, I go through each, and confront Congressman Warren Davidson about how America got to this point.
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- John Stossel