November 20, 2020
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discusses how a Biden presidency could mean $30 trillion in national debt.
“California issues new stay-at-home order. The new rules will require the vast majority of residents to remain at home and businesses to close between 10 p.m. and 5 a.m. The restrictions come as the CDC warned against travel for the Thanksgiving holiday. We are likely to see more and more lockdowns around the country. Of course, this is due to an increase in the virus… or is it? Like so many other things, it’s all going to be about the money, and Democrats are scared to death that they may lose the opportunity of a lifetime and not have a chance to take full vantage of this crisis. This is nothing more than the Democrats trying to secure their desires and a wish list of a 4,000,000,000,000+ bail-out bill and the only way they’re going to be able to do that is by continuing to create fear and concerns.
Unfortunately, this four-plus trillion dollars will go to bail out 40 years of progressive management of cities, states and pension funds that are all on the verge of bankruptcy. Hundreds of billions of dollars for a wish list that will, for a long time, satisfy special interest groups and lobbyist that could be getting enough satisfaction to last the progressive movement years in favors and money. The point is, very little of this money is going to be used to help the average person or to stimulate an economy, that frankly doesn’t need a whole lot of stimulus—it just needs getting back to work. Then on top of this, we will see trillions of dollars—at least two trillion—in the infrastructure bill.
These two things alone along with what we already have will likely throw our debt to just over $30 trillion. This is an insurmountable amount of debt under a potential Biden administration, going from a pro-growth, pro-lower taxes, pro-lower America, Pro-American worker, anti-intrusion of government, lower government regulations to a no growth, higher taxes, higher unemployment rate, more government and higher dependency on government. That is not an environment that can sustain the kind of debt that we already have and that continues to be created.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.
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