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coming. a plus, to moccasin style in danger. fulton county georgia tsn enis drawing signal about how the president could be indicted. for trying to overturn the 2020 election. but, this indictment is just another legal liability for the guy who can explicitly still pull in strong with the gop. joins me in studio a little later to break it all down. later, unmask a medical racism, how the color of our skin could be the difference between life or death. we re going inside the fight for fairness and health care. all this is much more is coming up. a good sunday morning to you all, i am katie phang. we are going to start today show with an urgent new message from president biden on the debt ceiling showdown. it s time for republicans to accept that there is no bipartisan view to be made solely, solely on their partisan terms. they have to move as well. all four congressional leaders agree with me that the default is not, let me say it again, default is not an option. i ....
It s going to put pressure on banks, which are already under pressure to loan money to businesses to hire people. you can see the unemployment rate rising. you can see companies pull way back on that. guess what? we are already at record high debt for consumers, about 17 trillion dollars according to the feds latest reading on that. we re doing a lot of spending, facing a lot of uncertainty with the economy, and now the debt ceiling. so cnbc survey that we talked about in the beginning of your interview, it says only 45% of u.s. adults say that they actually have an emergency fund, or emergency savings. a quarter of those people say that they have less than $5,000 that are saved. how concerning is this considering that there s the possibility that with the inability to deal with the debt ceiling in washington, perhaps there is not money held back by americans to deal with their upcoming costs. not only, that we have record credit card, debt in the third of americans have more credi ....
We don t have inflation right now. we have a fed pumping $85 billion a month to prop up our economy. when they stop feeding that beast, what do you think will happen? 17 trillion dollars debt and economy very sick, unemployment rate now has sustained 7 plus. we know, sean and juan, unemployment is really 10-12%. i talk about this in my book, not just the economic, the whole dependence culture and 50 million people on food stamps, this whole thing that dependence is cool again. our economy is sick and culture is sick, in my view. also 90 trillion in unfunded liable. juan, you re saying eag though we have trillion dollar deficit, 7 trillion plus new obama debt, you re saying that s not enough, we can still continue to rob ....
We don t have inflation right now. we have a fed pumping $85 billion a month to prop up our economy. when they stop feeding that beast, what do you think will happen? 17 trillion dollars debt and economy very sick, unemployment rate now has sustained 7 plus. we know, sean and juan, unemployment is really 10-12%. i talk about this in my book, not just the economic, the whole dependence culture and 50 million people on food stamps, this whole thing that dependence is cool again. our economy is sick and culture is sick, in my view. also 90 trillion in unfunded liable. juan, you re saying eag though we have trillion dollar deficit, 7 trillion plus new obama debt, you re saying that s not enough, we can still continue to rob ....
More than 15 years. they hate us. on the other hand, pakistan has a lot of nuclear weapons. it s one of the most volatile track records. i hope every one of these dollars goes to securing these nuclear weapons. instead, a lot of this was humanitarian. do we get a single thing as americans? probably not. especially when we were hitting 17 trillion dollars now. unbelievable. you look at the countries where we re giving more money. afghanistan, $15 billion. $15 billion. israel, $3.1 billion. pakistan at 2 point poip $8 billion. that s an estimate. iraq, over $2 billion. egypt, 1.6. you look at those numbers and you go, where does that get us? that s the point. i don t think anybody is against foreign aid if we get something in return. the last ten years there are a lot of countries and the population still hates us. the government still acts against our interest. ....