i have here the government accountability office documentac off nation s fiscal health. may ofealt 2023.y issued a20 couple weeks ago. this was issued to everyry leader in congress, by the executive branch.ch and the gao is one of the best of the entities thatou our government has, what dosa they say? tthey say: the government never writes reports like this, the government never speaks like it. it goes on: what they are trying to say is the economy could collapse, they go on. they are saying we re not at war, the eco economic hassic pendinged. in american history. foyearr example, debt held by public is a share ofonom gdp grew during the economicfebr expansion of june 2009 tog februaryth of 2020.ch and it continues: this is shocking stuff from the bureaucracy. t he twices size of the economy by 2051 this report is available to public. how much news reports. of the budget debate refer to this document?ho w i bet none. that i is part of the problem with our media. bu
table. i have here the government accountability office document that nation s fiscal health. may 2023. issued a couple weeks ago, this was issued to every leader in congress by the executive branch. the gao is one of the best of the entities our government has, what do they say. why t do we care. it says: balance of current revenue, resolve in debt growing faster than the economy, this s this is unsustainable. the government never writes reports like this or speaks like this. it continues: cbo, has stated high and rising federal debt i is a fiscal crisis. underlying conditions driving unsustainable fiscal outlook post, social challenges have not addressed. they are trying to say, the economy could collapse. could collapse. they go on: they are saying we re not at war, the economthe economiesq economics balancedded 3 out of last 4 years. for example, debt held by public, grew during economic expansion of june 2009 to february 2020, it did not grow during the economic expans
they are great, if you can get them through. but even if biden did sign them. i m saying we have such a structural problem right now, that we do not seem to have the ability under the system to sit down and say, okay. that is not doing it. that will not doe it. we have to put some kind of a cap on when we re doing, if you have elections every two year, one congress can blow ouc off another. we have crossed the rubicon. the idea that you could never go back across it again. at some point the worse case, plays out at some point, we do go off the proverbial cliff, we re paying the price for it, 31 trillion, soon to be 35 trillion, the numbers are so mind boggling, at-this-point maybe we re numb to them.
they are great, if you can get them through. but even if biden did sign them. i m saying we have such a structural problem right now, that we do not seem to have the ability under the system to sit down and say, okay. that is not doing it. that will not doe it. we have to put some kind of a cap on when we re doing, if you have elections every two year, one congress can blow ouc off another. we have crossed the rubicon. the idea that you could never go back across it again. at some point the worse case, plays out at some point, we do go off the proverbial cliff, we re paying the price for it, 31 trillion, soon to be 35 trillion, the numbers are so mind boggling, at-this-point maybe we re numb to them.