On the recordJanuary 11, 2023
I don't know if I can top my friend from California's great white shark attack or talking about airline delays, but we are going to do something that is particularly amusing and fun. We are going to talk about why the fiscal house of the United States is collapsing. For a number of folks who have watched my floor presentations, a lot of this is going to be familiar. This is a primer, particularly for our new Members. Right now, we have hundreds and hundreds of new staff with the new Members here in the House of Representatives. Hopefully, on the thousand-some televisions around the campus where you have C-SPAN on, please, if you actually are interested, if you really want to understand how much trouble we are in, give me a few minutes of your time. Actually, give me almost an hour of your time. Let's sort of walk through the reality. I am going to walk through some of the solutions that are absolutely wrong, and then we are going to talk a little bit about the reality of the math; and the punch line we are going to come back to multiple times, is really simple. The primary driver of U.S. sovereign debt is our demographics. Those of us who are baby boomers, we got old. And the political class here, unless we are willing to tell the truth, there is no path to saving us from a failed bond auction, a failed debt crisis, a world where we all live dramatically poorer. And it doesn't have to be that way.…





