Thomas Savidge warns that the US national debt is reaching dangerous levels relative to GDP. He explains that rising interest costs are now exceeding national defense spending, which threatens to stifle the productive economy and lead to a decreased stand

Season 8 Episode 1112  ·  Jul 10, 01:44 AM
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Thomas Savidge warns that the US national debt is reaching dangerous levels relative to GDP. He explains that rising interest costs are now exceeding national defense spending, which threatens to stifle the productive economy and lead to a decreased standard of living for the average American taxpayer. (13)
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Thomas Savidge argues for stringent budget reforms and spending cuts to address the fiscal crisis. He notes that while many elected officials recognize the problem, the priority of political reelection prevents them from making unpopular decisions, leavin
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