Our Leaders Are Not Serious About Our National Debt

Our Leaders Are Not Serious About Our National Debt. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
There is no such thing, no such thing as priorities.
No such thing as priorities. Actually shouldn't even be a word.
Doesn't make any sense. You have a priority. You can't
have more than one. You can't have priorities. You have

(00:38):
a priority, like there might be other issues, but only
one priority. I wise man taught me that a long
time ago, and I know I might have mentioned that
before here on the program. Why in the world am
I bringing this up today? Well, you know what we're
gonna We're gonna play pretend here. Let's pretend. Let's pretend

(01:00):
God forbid, big storm comes through and does damage to
your home, does damage to your home, and it blew
a big hole in the roof of your house. You
got a big hole off there, big hole in the
roof of your house. Well, you got other problems as well.

(01:22):
Maybe some of your landscaping was damaged, Maybe maybe some
pictures got knocked off the wall. What do you work on,
But what do you tackle? What is the priority? Uh?
No brainer? You fix the hole in the roof. Well,

(01:48):
I listened to these politicians and all the priorities that
they have, and you know what I'm not hearing. I'm
not hearing anything. The number one prior is the fact
that we're thirty five trillion dollars in debt. Kids number
one priority. No no, no no. It's not more ships
for the navy. No no, no, it's not abortion rights,

(02:12):
and believe or not, it's not the border. Okay, it's
the fact that we're thirty five trillion dollars in debt.
Just to put this in a perspective for you, interest
on our debt interest, Okay, I don't pay I don't
pay interest on credit cards. I don't keep credit card debt.

(02:33):
But let's say you got a mortgage payment. You know
what you're paying in interest on your mortgage every single month, right,
it's a part of your mortgage bill. Well, daily, daily,
You and I and everyone else is paying taxes here
in this country is paying three billion dollars. That's how much.

(02:55):
That's how much we are paying. That's how much money
we are flushing down the toilet a day in interest payments.
That to me, sorry friends, That is the priority. There
are no priorities. That's the priority. Watchdog on Wall Street

(03:15):
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