Rep. Thomas Massie (R-Ky.) is warning the United States may soon face severe consequences as a result of its astronomical national debt.
Massie explained to the John Solomon Reports podcast that as the U.S. national debt nears $30 trillion with the current $1.9 trillion COVID-19 relief bill, the government’s interest rate will rise and creditors may soon stop lending it money.
“I was that guy on March 27 that CNN called ‘the most hated man in Washington, D.C.,’ because I have the gall to stand up and say if you’re going to spend $2 trillion, you need to show up and vote on it. And I had everybody’s ire that day, but – and I predicted that this would get out of hand, this would become a regular occurrence, and we’d be spending a trillion or $2 trillion at a clip. You’re right, we’re at 28 trillion. I’ve got a debt clock here in my office. And this is the bill that could put us up to $30 trillion, which was a prediction that I made back this summer,” Massie said.
“So this bill is gonna push us to $30 trillion. I mean, that’s insane. To think about that – seven trillion spending, seven trillion in debt in one year, and typically those numbers are one trillion of deficit and one trillion of spending.”
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