CAL THOMAS COMMENTARY FEBRUARY 3, 2022
YOU PROBABLY CARE ABOUT YOUR OWN DEBT AND TRY NOT TO MAX-OUT YOUR CREDIT CARDS IF YOU KNOW WHAT’S GOOD FOR YOU. NOT YOUR COUNTRY, THOUGH. WE HAVE JUST PASSED $30 TRILLION IN DEBT AND THE DEMOCRATS WANT TO SPEND EVEN MORE. AS I WRITE IN MY BOOK “AMERICA’S EXPIRATION DATE,” MASSIVE DEBT IS ONE OF THE MAJOR CONTRIBUTING FACTORS TO THE DECLINE AND COLLAPSE OF NATIONS AND EMPIRES. INTEREST COSTS ARE PROJECTED TO COST $5 TRILLION OVER THE NEXT TEN YEARS.
MUCH OF THE MONEY WE DON’T HAVE — AND HAVE HAD TO BORROW — WAS SPENT, AND MUCH OF IT WASTED, DURING THE PANDEMIC. DEMOCRATS WANT TO SPEND AND TAX EVEN MORE. BORROWING COSTS WILL INCREASE, MAKING IT MORE DIFFICULT TO PAY BACK THE LOANS. THE FEDERAL RESERVE IS PREPARED TO START RAISING RATES AGAIN IN AN ATTEMPT TO STEM INFLATION, WHICH HAS ALREADY RAISED THE PRICES OF FOOD, GAS AND OTHER ESSENTIALS TO RECORD LEVELS.
THIS IS THE PRICE WE PAY WHEN TOO MANY PEOPLE RELY ON GOVERNMENT AND NOT THEMSELVES. AND POLITICIANS LIKE THIS ADDICTION BECAUSE IT FUELS THEIR CAREERS. DO YOU UNDERSTAND ALL THIS? I HOPE SO. OUR COUNTRY’S FUTURE IS AT STAKE. I’M CAL THOMAS.
