The U.S. Government has hit and raised the debt limit year after year ever since I can remember and we are now feeling the consequences.
Senator Rand Paul (R-KY) in a back forth with Senator Mike Lee (R-UT) forecasted some of the dangers of this massive government spending.
“It is alarming. It is foolish and unwise for us to say, oh, it’s there are no consequences. I think there will be consequences. And the number one that we’re seeing now is inflation,” Paul Stated.
Senator Mike Lee went on to ask about the United States’ position as the world reserve currency, “As the United States is having the world’s reserve currency, the US dollar has given us some flexibility in that area,