“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan.
“Back then, the public debt was 30-40 percent of GDP—not good, but tolerable in terms of historic trends,” says Stockman. “Today, it’s 120 percent and growing rapidly—total change. We basically tried to borrow our way to prosperity.”
Stockman is the author of “The Great Money Bubble: Protect Yourself from the Coming Inflation Storm.”
“You can’t keep borrowing two or three trillion a year, building up the public debt, and leaving that massive burden to future generations. You can’t do it,” says Stockman. “There’s a lot of whining on Wall Street and elsewhere about how fast the Fed has raised interest rates. But the problem is they started at zero.”
How did we end up in the current fiscal crisis, what happens when we raise the debt ceiling, and what are we not being told?
“In this deal, there are no enforcement mechanisms at all beyond the current year,” says Stockman. “The mainstream media didn’t want any alternative except for the Republicans to blink and the debt to be raised yet again. And that’s exactly what happened.”
Please Support These Patriotic Sponsors
Solar Power Generator Discounts Along With Free Shipping
- 10% OFF for Jackery Solar Generator 2000 Pro Series with code "JADEAL"
- 10% OFF for Jackery SolarSaga 200W Solar Panel with code "JADEAL"
- 10% OFF for Jackery Solar Generator 1500 Series with code "JADEAL"
- 10% OFF for Jackery Solar Generator 1000 Series with code "JADEAL"
- 10% OFF for Jackery Explorer 1500 Portable Power Station with code "JADEAL"
- 10% OFF for Jackery Explorer 1000 Pro Portable Power Station with code "JADEAL"
- 10% OFF for Jackery Explorer 500 Pro Portable Power Station with code "JADEAL"
- 10% OFF for Jackery Explorer 300 Pro Portable Power Station with code "JADEAL"
- 10% OFF for Jackery SolarSaga 100W Solar Panel with code "JADEAL"
The University of Georgia is represented by the Georgia Bulldogs . The Bulldogs participate in the Southeastern Conference's (SEC) Eastern Division of the NCAA.
They play their home games in the storied Sanford Stadium in Athens, Georgia. The first season in Georgia was in 1892. In 1942, 1980, and 2021, the Georgia Bulldogs won three national championships.
The Georgia Bulldogs have additionally been crowned the National Champion in four additional seasons by at least one polling organization (1920, 1927, 1946 and 1968).
The Georgia Bulldogs are tied for second place in conference history with their 15 conference titles, including 13 SEC titles, and their 59 bowl appearances, which ranks second all-time.
In addition, the program has produced five top picks in the National Football League (NFL) draft, two Heisman Trophy winners, numerous winners of various national honors, and many others.
Longhorns football represents the University of Texas in Austin often known as Texas, UT or the Texas Longhorns. The Longhorns represent the Big 12 Conference in the NCAA Division. They play in Austin, Texas, at the Darrell K. Royal-Texas Memorial Stadium.
The Texas Longhorns are ranked third and seventh, respectively, in terms of all-time wins and win-loss records, with over 900 victories and an overall win-loss percentage of.705.
The legendary program also boasts four national titles, 32 conference titles, 100 First Team All-Americans, and two Heisman Trophy winners.
Get your Texas Longhorns Revival T-Shirt today. The Texas Longhorns Rustic Revival shirt is also a fan favorite.
Many college sports fans like to wear their gear all around town, get your Texas Longhorns Centered gear and show your support.