Insight - May 5th, 2023
Insight • 05-May-2023
Today on Insight, John and Josh Rosenstern discuss the potential future ruling to raise America’s debt ceiling in an attempt to not default on our country's debt, come June 1st. If we cannot pay the interest due on our current debt, our credit score will go down. The last time a default happened was in 2011 during the Obama Administration. Brother Josh says our country’s spending needs to be cut long term to get America’s debt reigned in. The world is watching; China and many other countries will capitalize on this if America does default on her debt and the value of the U.S. Dollar decreases.
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