XPost: alt.sodomites.barack-obama, alt.war.civil.usa, talk.politics.guns   
   XPost: talk.politics.misc   
   From: biden.drugs@alternet.org   
      
   On 15 Mar 2022, Rudy Canoza  posted some   
   news:o84YJ.82407$Mpg8.53954@fx34.iad:   
      
   > Democrats are robbing the USA.  Execute all Democrat politicians.  Soon.   
      
   FedEx founder and executive chairman Fred Smith is adding his name to the   
   list of business leaders sounding the alarm over America's surging   
   national debt, telling FOX News this week it is "unsustainable."   
      
   During an interview on "Special Report" Tuesday evening, host Bret Baier   
   asked Smith for his take on the level of federal debt held by the U.S.   
   government, which is now above $34 trillion.   
      
   "Federal debt held by the public was 97% of GDP in 2022, projected to   
   equal 195% of GDP by 2050," Baier noted. "Eventually, you have to turn the   
   aircraft carrier a little bit."   
      
   JPMORGAN CEO JAMIE DIMON WARNS US DRIVING TOWARD A CLIFF AS DEBT SNOWBALLS   
      
   "Well, I think a lot of people are saying that," Smith responded. "The   
   chairman of the Federal Reserve said it Sunday evening, a week ago. The   
   head of our largest bank, I believe, JP Morgan, Jamie Dimon, has said it   
   repeatedly, and hopefully I'm adding to the chorus and saying this is   
   unsustainable."   
      
   Baier then pointed to remarks Smith made during a speech at the Calvin   
   Coolidge Presidential Foundation in December, when the FedEx founder said,   
   "To avoid a catastrophic fiscal crisis. I fervently hope that next year,   
   our political process produces leaders who recognize the extreme and   
   unprecedented dangers we face in terms of our political and financial   
   instability, not to mention military challenges around the world, which   
   require a grand compromise and resolution of these problems."   
      
   US NATIOANL DEBT TOPS $34T: HOW MUCH DEBT IS TOO MUCH DEBT?   
      
   The host asked Smith if he is seeing those leaders as of today.   
      
   "No, quite the contrary," he replied. "The political process is really   
   focused on the extremes of both parties."   
      
   "No one is supporting trade, which made America great, really, since   
   Roosevelt and his secretary of State Hull passed the first major trading   
   bill in 1934,' Smith said. "And then we led opening the world and restored   
   Germany and Japan, our enemies, to prosperity through trade and the   
   American alliance system. And then on top of that, our financial   
   capabilities to print money at will is dependent on the dollar remaining   
   the reserve currency."   
      
   "The so-called BRICs alliance – Brazil, Russia, India and China – have set   
   out on a deliberate course to dethrone the dollar," Smith continued,   
   warning, "If that happens and we can't sell our bonds, I can assure you   
   the living standards that we all enjoy today are going to be a thing of   
   the past."   
      
   https://www.foxbusiness.com/economy/fedex-founder-fred-smith-u-s-record-   
   debt-unsustainable   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)