Wednesday, 13 October 2021

Confronting a Financial Assault on America's Future

 

Confronting a Financial Assault on America's Future

by Lawrence Kadish  •  October 12, 2021 at 10:00 am

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  • Far more destructive that most Americans could ever imagine, the nation's multi trillion dollar deficit now being advocated by progressive socialists in Congress would place our future on a collision course with catastrophic bankruptcy.

  • Which may just be the outcome some in Congress are seeking to achieve.

  • Democratic Senator Joseph Manchin told Associated Press he won't support even half of Biden's multi-trillion dollar progressive wish list. He has been joined by fellow Democratic Senator Kyrsten Sinema in seeking to avert Washington's march to become a global pauper. Theirs is a courageous stand and one that will be recorded by historians as last ditch actions taken by a literal handful to prevent America's self-directed destruction.

  • We would be wise to... recognize that America's deficit is more than a number. It is a nation-destroying weapon.

(Image source: iStock)

If the tragic day ever comes when America's global leadership is but a distant memory it will not be because of a nuclear strike, a searing pandemic, or even a crippling cyberattack.

No.

It will be from a self- inflicted mortal wound called "the deficit."

Far more destructive than most Americans could ever imagine, the nation's multi-trillion dollar deficit now being advocated by progressive socialists in Congress would place our future on a collision course with catastrophic bankruptcy. Such an event would destroy the very foundation of our financial system, the savings of every hard-working middle class family, and our country's very ability to defend democracy.

Which may just be the outcome some in Congress are seeking to achieve.

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