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IPFS News Link • Government Debt & Financing

Kevin McCarthy Just Bankrupted America After One Disastrous Deal With Democrats


He made one deal with Democrats to appease Joe Biden.

And now America is hurtling towards bankruptcy thanks to his irresponsible actions.

The U.S. national debt is in an out-of-control spiral. Multiple presidents in a row have spent money with no regard to the future economic security of our country.

You see, when the federal government spends money that it doesn't have, it comes at a cost.

It may not seem like it at the time that the money is spent. People are happy to take their free money from the government, and it may even temporarily boost the economy.

But the debts incurred from this spending have to be paid off, so the government simply prints off money, which inflates the currency and wrecks the economy.