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Dear Reader,

Happy Wednesday! Thanksgiving eve.

Today I want to talk about an article that caught my eye
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Ninety state officials urged President Trump and Congress to tackle
the national debt crisis, warning, “a painful age of reckoning”
looms.

Debt is something we talk about quite a bit here.

The letter demands that Trump and members of Congress approve a plan
by July 4, 2026 - the nation’s 250th anniversary - to put the
Federal Government on track to reach a balanced budget.

It reads, _“without a decisive change in course, we will not only
face a very painful day of reckoning, but a painful age of reckoning
we never want to see.”_

The officials, mostly from red states, signed the letter, a copy of
which the _New York Post_ published.

First of all - great letter.

I am a big fan any time people want to raise the alarm about debt.

I just don’t understand how more people aren’t alarmed by it!

However…

It’s spineless to do it _now._

After the budget was already done.

This smells like posturing for midterms.

It doesn’t mean anything now.

If you really believe in something like this, bring it into the budget
process and fight over it - have some skin in the game.

So, the timing is disappointing.

But I’ll take it.

The biggest, most significant threat to our national security _is our
debt._

Full stop.

I learned that from Henry Kissinger in the nineties.

I remember Admiral Mike Mullen saying the same thing. And Hillary
Clinton. 

U.S. indebtedness is a big handicap.

The Brookings Institute wrote that the United States will, “have to
face a day of reckoning on its debt or else watch long-term economic
growth decline.”

That’s true.

The U.S. has the capacity to grow at 5% a year.

But we only grow at 2% to 3% a year.

That’s sluggish. It’s like an airplane carrying too much weight.
It takes off a little slower, can’t reach great altitude.

It’s really crazy when you think about it - 

In 2010 the national debt was $13.5 trillion. Now, it’s $38
trillion.

It was under $16 trillion when President Trump won the election in
2016.

Trump and Biden and now Trump again have blown out our debt.

_The United States now spends more money on interest payments than
national security._

What’s most concerning about this is that for most of U.S. history
our country has borrowed for emergencies - wars, severe downturns.

Let’s say the country borrows money during a massive recession;
pumps money into the system to get our economy to turn around.

Right now, we’re borrowing money during economic growth, which is
very crazy.

So we have to ask ourselves:

_What happens when there’s a major economic downturn?_

_Will we be able to borrow money?_

_Will we go to the bond market, to our foreign lenders, and hear,
“we’re not lending you money unless you make a few changes”? _

If that happens, will those changes be harmful to our long-term
national security?

We are putting ourselves into a seriously compromised position here.

And it really sticks in my craw how our leaders are just not focused
on this.

Look, I’m not trying to ruin Thanksgiving. This is just a very
important thing.

It can’t be all wine and roses, or, as they say in politics, guns
and butter.

It’s guns _or_ butter.

We forgot what that is - we forgot what it’s like to struggle.

I’m reminded of my favorite JFK line I say to my kids all the time:

_“We choose to do these things not because they are easy but because
they are hard.”_

Like I tell my kids, everything good is hard.

If I can wax poetic for a minute here, fantasy is for us to really get
behind a leader that actually inspires that kind of, _“let’s
tighten our belts and fight for the greater good of the country”
_sentiment. Instead of just this endless consumerism.

But, we have to play the ball where it is - not where we want it to
be.

That’s why we just updated OUR DOLLAR PROTECTION GUIDE
[[link removed]].
Inside, we recommend:

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The first thing to do is check your 401k, IRA and any other retirement
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GET OUR DOLLAR PROTECTION KIT TODAY, BEFORE THE DECEMBER 10TH
DEADLINE.
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That’s what I find myself thinking about right before this
Thanksgiving holiday.

Anyway, I am grateful to be here. Grateful for you.

Talk soon.

"The Buck Stops Here"

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