Insight - Jun. 5th, 2023
Insight
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05-Jun-2023
The debt ceiling has been raised, giving the government the ability to issue as much debt as it needs until January 2025. Today on Insight, John and Josh Rosenstern, discuss the crises that have been avoided with this agreement, but now, with reserves depleted, there will be a massive infusion of debt offerings going forth. The government will offer treasuries to get cash in return with I.O.U.’s. With the new unlimited cap, America will be nearing a trillion dollars in debt with new debt mounting everyday. Brother John says this was a miserable fail by Republicans who caved to the President’s agenda.
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