Episode Transcript
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Hey, it's the Cooner Man.My podcast is brought to you each day
by Heavens Harvest. Prepare for theunexpected at Heavens Harvest dot com. Biden
now has pushed the country to thebrink of a national default. I never
thought I would be saying this,but we are now ten days away from
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the United States breaching its debt ceilingand triggering a massive recession, economic chaos,
and uncertainty here and around the world, and he has no one to
blame but himself. For nearly onehundred days, he refused to negotiate with
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House Speaker Kevin McCarthy. Even whenMcCarthy and the Republicans passed a bill that
will lift the debt limit by overa trillion dollars way until next year,
Biden still is refusing to negotiate,saying he wants a clean lifting of the
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debt limit, nothing else will beacceptable. McCarthy, on the other hand,
is acting like the only grown upin the room. We have a
spending problem. We are running twotrillion dollar deficits every single year. Our
debt is nearly thirty two trillion.We are now the most indebted country in
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the history of the world. Idon't know about you, but in my
family, if we have maxed outall the credit cards, the answer is
not just keep lifting the debt limitand spend and spend and spend. It
is to rain in the spending,reduce, cut the spending, put our
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house in good economic order. AndJoe Biden continues to insist we don't have
a spending problem. We do.McCarthy wants to reign in spending. He
will slow the rate of spending growthone percent a year for the next ten
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years. Not one program is beingcut. We are just going to limit
future spending. Revenue is at anall time high, and eventually we will
be able to cut into the debtby four point eight trillion dollars. It's
not the magic bullet, but atleast it's a start. It's fiscally responsible.
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Biden wants nothing to do with this. He is now saying, either
you completely cave on the debt sealingnegotiations, or I will do something utterly
unprecedented. I will invoke the fourteenthAmendment and this will allow me to unilaterally
circumvent Congress lift the debts on myown, mark my words. If Biden
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goes down this road, it willplunge the country into a constitutional crisis,
a legal crisis, and an economiccrisis. He does not have the constitutional
authority to invoke the fourteenth Amendment.It is the equivalent of taking a sledge
hammer to the constitution. He wouldbe making himself a king, an emperor,
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a de facto dictator. The presidentcannot issue new debt on his own.
Only Congress can issue new debt orunder righte new debt. It is
at the heart of our constitution.It is at the heart of the powers
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of the legislative branch. If Bidendecides to invoke the fourteenth, what the
world will see is that the UnitedStates cannot negotiate. Our political system is
paralyzed, our constitution now a deadletter, and it will trigger worldwide economic
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chaos. Many economists are saying thestock market will crater, unemployment will go
above eight percent, seven million Americanswill be thrown out of work. It
will be Biden's great recession. Andmy fear is he is so incompetent,
so reckless, so cognitively, cognitivelyand mentally compromised, that he's crazy enough
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to actually invoke the fourteenth and bankruptthis country and crash the economy. If
that should happen, there will beheld to pay, and the people of
the United States will rightly blame oneman, and only one man, Joe
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the Buffoon. Biden