On the recordJuly 25, 2024
Sometimes I come behind these microphones and often what I share, what I need to share--it is my therapy--is a bit dour, and it is sometimes fun to listen to someone who actually is happy and joyous. Now that the uplifting portion of this program is over, let's get to the facts. The number, $35 trillion, guess when we hit it. We should be very excited and proud of ourselves. We did something that so many economists said we would never get to this quickly. My math says, this coming Friday, 3 p.m., the United States gross debt will cross over $35 trillion. Now, understand that is not the way Europeans calculate our debt. They calculate our debt dramatically higher because of our obligated unfunded liabilities, but watch the Treasury, Friday, about 3 p.m., post up a number, $35 trillion. We did it. Congratulations. How many people have you heard come find the microphone today or this week understanding and wanting to talk about that? What we have gotten is people coming behind the microphone and not telling the truth. We all want to protect Social Security. The way you protect Social Security is you know the math and how it actually works. {time} 1200 We are on track in a decade to double senior poverty. God forbid if any of us tell the truth about math because the truth gets you unelected and a bunch of really angry ads at home, so this place runs around and avoids telling the truth. Let's walk through another little factoid.…
Source
govinfo.gov




