The Patriot Post® · Video: John Stossel on Bankrupting America
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.