Rep. Warren Davidson: The Planet Hasn’t Seen This Much Debt Since WWII

On Fox Across America with Jimmy Failla, Rep. Warren Davidson (R-OH) explained why he has concerns about the amount of money being spent by the US Government and others to battle the COVID-19 virus and whether spending will seemingly go on indefinitely.

“We’re not really even borrowing this money. There’s no lender behind this money, right? It’s just printed. And so there are people that believe that you can do that indefinitely, and then there are fact based, rational people who say you might not have much of an alternative in the present situation, but that doesn’t mean you can do this with no consequence. The last time the planet had this much debt was World War Two. And and we had to restructure the whole monetary system with the Bretton-Woods agreement. So you can really collapse the whole global monetary system. And right now the U.S. is atop that monetary system. So we really wouldn’t want to collapse it.”