Recovering investment banker and author Carol Roth joins Fox Across America With guest host Joe Concha to explain how Congress can start to get our country’s national debt crisis under control.
“I think that the GOP is trying to step into that position and say, no, we really have the backs of the people who are working and we’re trying to quote unquote, cut back on this budget. But like we just talked about, even their proposal still grows spending. It just grows it at a smaller rate. What we really need to do is go back, and this is not very far back in time, we just need to go back to pre-COVID levels of spending, like 2018 or 2019. If we just spent in that range, and it’s still, by the way, an enormous amount of money, but we would have a surplus. We would be able to start paying down the nearly $32 trillion of debt. We’d be able to shrink those interest costs that are eating into the budget. And we would start to slowly turn that train back on the tracks and not let it run completely away. But instead, you’ve got one side that wants to just spend into oblivion. And then the other one that’s like, oh, you know, we’ll spend more, but just not quite as much as that. It’s a really, really challenging situation in time. And at the end of the day, this hurts your individual wealth.”
Listen to the podcast to hear what else she had to say to Joe!