Confronting a Financial Assault on America's Future
by Lawrence Kadish • October 12, 2021 at 10:00 am
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.
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.
