The National Debt's Interest Surpasses A Whopping Trillion Dollars!

  Рет қаралды 1,690

Financial Fast Lane

Financial Fast Lane

Күн бұрын

Пікірлер: 69
@lindagardenlady
@lindagardenlady 2 ай бұрын
Great comments.... we all love our country! Now if we could get the government on board
@guestonearth
@guestonearth 2 ай бұрын
Our 11 year old son says why is it that no one is accountable for their bad decisions/actions in our government. He's right, it's not just one particular party. Look at Venezuela and other once great countries around the world that have their governments lead/deceived their people down the wrong path. Please keep our nation, USA, in your prayers, thanks🙏🏼🇺🇸👊🏽
@lindagardenlady
@lindagardenlady 2 ай бұрын
Bery astute son! ❤
@OB928
@OB928 2 ай бұрын
You are exactly right. It’s an issue that gets lots of “air time”, but those who *can* do something simply don’t (or won’t). Sadly, I really don’t think it will ever be (properly) addressed.
@BrittMFH
@BrittMFH 2 ай бұрын
True words. Glad I don't have kids who will be dealing with this mess.
@EvanCarmichael
@EvanCarmichael 2 ай бұрын
Your clear explanations make a complex topic understandable, helping viewers grasp its importance. Thank you for shedding light on this critical issue and encouraging financial awareness! -Macy (Team Evan)
@KerstinMcKitrick
@KerstinMcKitrick 2 ай бұрын
It is so mind boggling and so scary. Unfortunately it is not just the US. It’s been a global party of overspending.
@Growing-Our-Retirement
@Growing-Our-Retirement 2 ай бұрын
It’s such a huge issue. The elephant in the room!
@edorofish
@edorofish 2 ай бұрын
It doesn't help that we have major policy changes every four years. Seems whichever political party is serving is busy trying to undue the previous POTUS administrations policies which wastes time and money.
@deanbarr5740
@deanbarr5740 2 ай бұрын
Totally agree with you on this. Really ticks me off. Thanks for sharing your thoughts.
@markhill7278
@markhill7278 2 ай бұрын
If only politicians could understand this!!!
@jefffanning2799
@jefffanning2799 Ай бұрын
Lane, thank you for speaking out on the national debt and fiscal irresponsibility. Please suggest how we, as citizens, can change this. One thing I know, we need elected officials with common sense and backbone.
@cbass2755
@cbass2755 2 ай бұрын
Hi Lane. I’m actually glad to see you frustrated. I’ve been frustrated for months. I feel better that my frustration is validated bc YOU are feeling just like me. Your professional on this stuff, I’m not. I appreciate your positive outlook, but I never believed you. Don’t think I don’t care for your channel or you, it’s the opposite. I hope you tell us…yes tell us what to do! Give us your opinion!! I’m 71 an and my only debt is my home mortgage. That’s bad. So…when the crash comes, my God…God help us. I’ve worked 40 years as a nurse and saved and saved. Now I’ll lose it all? I’m not wealthy one bit, but I can and could have taken care of myself. Here I was thinking (all my life), i won’t be a burden on anyone….Omg…..
@timber1111
@timber1111 2 ай бұрын
Why don't most people realize this debt problem is intentional? Can anyone answer the question........WHY is the fed is doing this?
@gfr4799
@gfr4799 2 ай бұрын
Glad you decided to publish it. Thanks.
@michael7054
@michael7054 2 ай бұрын
Great video! I worry about this. Dont they say in the future too that the government will have to spend a lot more money on global warming prevention / electricity ? Both together will be horrible together. Global warming prevention is such a bad problem too.
@CeeJay591
@CeeJay591 2 ай бұрын
I think that many of your viewers are financially astute enough to both understand and worry a great deal about this issue - however, the vast majority of voters in this country either don’t know or don’t care about it, which is why politicians long ago realized that running on a fiscally responsible platform was a loser and so they abandoned it. Each party proposes a different way to spend money we don’t have, either through government giveaways or tax cuts (I’m sure I don’t need to specify which party is associated with which). Of course, the United States needs to do just the opposite - raise taxes on those who can afford to pay and cut spending and giveaways. As far as I can see I don’t see a party with that approach in their platform, sad to say.
@lindagardenlady
@lindagardenlady 2 ай бұрын
I concur....
@RPRosen-ki2fk
@RPRosen-ki2fk 2 ай бұрын
Agreed
@CE333-z7c
@CE333-z7c Ай бұрын
This! Absolutely spot on.
@sborja2333
@sborja2333 2 ай бұрын
Im all in with your thoughts on this debt vid. I feel im doing what needs to be done with my personal finances. I believe these vids need to be more wide spread. On every platform, keep it up.
@joepassante8498
@joepassante8498 2 ай бұрын
You hit the nail on the head. How can we keep ignoring this problem, year after year? I've been concerned with this problem since Ronald Reagan ran $200 billion dollar deficits during his presidency, but that was nothing compared to the situation we're now in. I kind of blame the American people, because if one politician running for office says we have to tighten our belt, and the other says no we don't, guess which one gets elected? I really don't see a acceptable solution to this problem.
@FinancialFastLane
@FinancialFastLane 2 ай бұрын
It does feel hopless but miracles can happen and I think it is important seek for solutions.
@himawa7841
@himawa7841 2 ай бұрын
Thank you from Hawaii.
@anthonygehl3563
@anthonygehl3563 Ай бұрын
Great video thanks.
@stevenbrantley919
@stevenbrantley919 Ай бұрын
It so sad for all .
@stevenbrantley919
@stevenbrantley919 Ай бұрын
U r so so so right .😢
@petrao8669
@petrao8669 2 ай бұрын
Our government is definitely a bad role model for its citizens, and many of those citizens are exhibiting the same troubling, irresponsible financial behavior. Don't know where it will all end. Time will tell.
@goodnewsfromgod-bybob5710
@goodnewsfromgod-bybob5710 2 ай бұрын
Thank you for keep talking about this frightening topic
@FinancialFastLane
@FinancialFastLane 2 ай бұрын
It is frightening and it’s not going away anytime soon.
@hankseda
@hankseda 2 ай бұрын
Very frustrating, true. Hopefully your video and similar sources of information will help alert and educate enough "good people" to put their minds together and think up a viable solution.
@martinhoelicker3273
@martinhoelicker3273 2 ай бұрын
I’m concerned for my 401k. I’m old enough to pull it all out before they come up with the idea of unrealized tax.
@FinancialFastLane
@FinancialFastLane 2 ай бұрын
You don't want to pull it out but you may want to convert it over time. You need a good plan. I would invite you to contact our office for a free consultation 480-550-6556.
@CE333-z7c
@CE333-z7c Ай бұрын
Thank you for this video. We need term limits and age limits in Congress and on the Supreme Court. Our leaders are all wreckless and self-interested. It all becomes about returning favors and self interest. Lobbyists should NOT be legal! All this $$$$ influencing our leaders. Meanwhile, they work for us! They get pensions and Healthcare for life; they're allowed to trade stocks, even when the conflicts of interests are glaring! Not a bummer video, but definitely an honest reality check. Thank you.
@kriselawson2
@kriselawson2 2 ай бұрын
WHY CANT THOSE FOLKS WHO DO NOT PAY THEIR TAXES BE HELD ACCOUNTABLE? THAT PART!!!!!! THIS IS LIKE A GIANT CREDIT CARD WITH EXUBERANT INTEREST RATES! ✝️🛐🙏🏽🥰
@budprepper3811
@budprepper3811 2 ай бұрын
Most of us watching this don't have to worry about that. We're old, we're not going to be around that long 😅
@charlesfrench9557
@charlesfrench9557 2 ай бұрын
I was hoping you’d be more explicit about the potential consequences and timing. As individuals we can vote responsibly but are unlikely to change the National debt. At best we can analyze different scenarios, plan, and invest accordingly. Thank you.
@martinmiller8953
@martinmiller8953 2 ай бұрын
Could we be the next rome
@RPRosen-ki2fk
@RPRosen-ki2fk 2 ай бұрын
I've felt this way for over forty years. Any twelve year old with an simple understanding of math, can understand what you're saying. The BEST I can remember, Clinton had a few years where we didn't increase the debt. You are far from the first person to speak about this. It's obviously NEVER going to change, our country and government are ... HOPELESSLY BROKEN. This is why I'm APATHETIC and have NO HOPE FOR THE FUTURE.
@drewgambill1432
@drewgambill1432 Ай бұрын
These interest payments are income for others, no?
@loanngo5448
@loanngo5448 Ай бұрын
Who is likely to create more national debts, Trump or Harris?
@PJ-rk4cp
@PJ-rk4cp 2 ай бұрын
This is a serious issue that will need adult debate and action not the showmanship and manipulation that seem to be favorite pastimes of those dancing about on the stage of power. A civilized, adult, dare I say - constructive series of debates and discussions need to make an appearance.
@taxdad9729
@taxdad9729 2 ай бұрын
What are your ideas to solve this?
@FinancialFastLane
@FinancialFastLane 2 ай бұрын
We need to live within our means, within a balanced budget. Most likely it will require a combination of spending less and increasing revenue. Over spending on a massive scale is not sustainable.
@MrFabdad
@MrFabdad 2 ай бұрын
A big 'Amen' to this. Hard to look at my kids and grandkids and feel like what our generation has left them will be a blessing for them. We'll want to encourage all whom we know to vote accordingly this Fall.
@lindagardenlady
@lindagardenlady 2 ай бұрын
It's both sides... neither is for the "people". They are for themselves....😢
@RPRosen-ki2fk
@RPRosen-ki2fk 2 ай бұрын
It's a JOKE, you're going to LOSE no matter who you vote for.
@Altruismisreal27
@Altruismisreal27 Ай бұрын
Why don’t you talk about taxing the rich so the debt can be paid?
@FinancialFastLane
@FinancialFastLane Ай бұрын
@@Altruismisreal27 There are not enough rich to solve the problem, not even close. It sounds like an easy solution but it is not. The rich are often employers that provide jobs to many people and if they are heavily taxed it results in layoffs, and the working man loses his job.
@susandavenport9257
@susandavenport9257 2 ай бұрын
Get Elon Musk to pay it off.
@FinancialFastLane
@FinancialFastLane 2 ай бұрын
All of Elon's wealth is an equivalent of about 3 months of interest on the debt. If all of his wealth was applied to the debt it would be unprecevable. It would not make even a tiny dent.
@noopy24
@noopy24 2 ай бұрын
We need more tax revenue from massive corporations and the uber rich.... The Uber rich want an austerity plan...that's the Republicans whole reason for being.. They keep cutting taxes and giving massive tax breaks to the Uber rich and then they complain we don't have enough money...
@wrfarms9741
@wrfarms9741 2 ай бұрын
Spoken like a well school trained communist/facist aka uniparty/democrat. The "corporations and the uber rich" ie: the top 1% pay 45.8% of taxes in the United States. The current tax regime is theft. How much more do you think the "uber rich" should pay???? France and a few other EU countries tried this little communist tax theft regime trick and ended up with MUCH less revenue because the "uber rich" left the country. Government at ALL levels must spend MUCH less. Malfeasent government spending on every level is out of control. For example, the DOD cannot account for the loss of over 2 TRILLION dollars. The size, reach, and cost of overbloated government needs to be cut at least by 75%, probably more. Try unbiasd & honest thinking before you blather communist/facist aka uniparty/democrat talking points.
@esteban1487
@esteban1487 2 ай бұрын
No, the problem is endless government spending, bumpkin.
@22howards
@22howards 2 ай бұрын
@noopy24, so for the past 12 of 16 years we have had dems in control and look at the position we (this country) is in. We the people are not living well it’s the government that’s living too well. My children and grandchildren will be paying on the debt we create today. We need a balanced budget and remind people there is NO free lunch!
@michael7054
@michael7054 2 ай бұрын
​@22howards wasn't Bill Clinton the one that had a balanced budget though ?
@esteban1487
@esteban1487 2 ай бұрын
@michael7054 with a Republican Congress. Democrats NEVER balance anything. Just tax and apend.
@stevenbrantley919
@stevenbrantley919 Ай бұрын
We need God back in America
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