US federal debt has hit RECORD high — does America stand a chance?



The Biden administration has set an incredible new record, as the U.S. federal government’s public debt has skyrocketed to an unprecedented $35 trillion.

Data released from the U.S. Treasury Department revealed that the gross national debt hit $35,001,278,179,208.67 — which equates to $104,497 per person in the U.S.

In early January this year, the U.S. had hit $34 trillion in debt.

Pat Gray and Keith Malinak of “Pat Gray Unleashed” are in shock.

“I just want to point out that back around the year 2000, U2 lead singer, Bono, was campaigning to get the debt of African nations erased,” Malinak laughs. “I would like to submit the United States of America for the next jubilee celebration, Bono, at our $35 trillion.”

“This is insane, man,” he adds.

Gray doesn’t think Bono is going to be able to do much to save our republic.

“The only thing that could save us — and I don’t know that this saves us or ends us — but when inflation gets to the point where we’re the Weimar Republic, then we’ll just pay off the debt with, you know, this morning's salary,” Gray laughs, adding, “like they did in Weimar.”

While they might be joking now, they are incredibly concerned as to what this means for America.

“It’s trouble,” Malinak says. “This is part of why people today can’t afford homes. This is all connected here. This is not good.”


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Biden is a serial spender and serial liar



Mark Levin knows that if you’re looking for demagogic propaganda, you need look no further than what’s coming out of Joe Biden’s mouth.

“The big lie this week is over the federal debt and whether we’re going to default,” Levin says.

Levin mentions that as of April, the federal government has collected $2.69 trillion from American citizens, but it has spent $3.69 trillion.

Now, the national debt is up to $31.46 trillion.

According to the U.S. Senate Budget Committee, between 2021 and 2031, the debt will be $6 trillion higher than was projected when Biden took office.

Not only that, but between 2024 and 2033, interest costs from borrowing will total a staggering $10.2 trillion.

“Now Biden goes out there and says, as does his spokesperson, that he cut the federal deficit by $1.7 trillion. Every single fact-checker, and they’re all on the left, says that’s a lie,” Levin says.

“He didn’t cut the deficit by $1.7 trillion, that’s the reduction as a result of the COVID spending,” he adds.

Levin accuses Biden of spending more than any president in American history.

“He’s creating yearly deficits bigger than any president in American history. He’s contributed to the debt bigger than any president in American history. He’s expanded programs like no president in American history and then he claims to be cutting the budget by $1.7 trillion,” Levin says.

“Just follow the man, his lies are completely absurd,” Levin adds.


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Pelosi wants to spend another $45 billion in COVID-19 relief, double what Biden had asked for



House Speaker Nancy Pelosi (D-Calif.) wants the federal government to spend $45 billion on yet another COVID-19 stimulus package, nearly double what President Joe Biden's administration had asked for in the last omnibus spending bill.

Biden had initially asked for $22.5 billion in new emergency funding for the pandemic and Democrats had compromised to a $15.6 billion figure after Republicans objected. But even that compromise amount was cut from the $1.5 trillion omnibus bill that Congress passed last week, averting a government shutdown.

On Thursday, Pelosi told reporters that she wants the Biden administration to ask Congress for even more COVID-19 funds. "I think it should be double what they asked for, because even when they were asking for like 20-some [billion dollars] it was only going to get us to June" she said during her weekly press conference.

She added that this additional spending will need to be "offset" but did not explain whether she meant by tax increases or by cutting government spending in other areas. "We don't have it right now," she admitted.

Speaker Pelosi Holds Weekly Press Conference www.youtube.com

Earlier Thursday, Pelosi and other Democratic leaders met with the Biden administration's top public health officials, including Health and Human Services Secretary Xavier Becerra and White House chief medical adviser Dr. Anthony Fauci.

The Biden administration had requested additional funds "to avoid disruption to ongoing COVID response efforts over the next few months." The president said in a March 2 letter to Pelosi that $22.5 billion were needed for oral antiviral treatments, monoclonal antibody therapies and other pre-exposure prophylaxis, COVID-19 testing programs, new vaccine research, and global vaccination programs.

Biden requested $18.25 billion for the Department of Health and Human Services for domestic pandemic funds, while the other $4.25 billion would be sent abroad through the State Department and U.S. Agency for International Development.

Republicans opposed the president's spending request, arguing it was too costly and needed to be offset by budget cuts elsewhere. After negotiating with Democrats, a $15.6 billion compromise was reached that was partially offset by using more than $7 billion in unspent state COVID-19 funds from the American Rescue Plan passed in March 2020.

But the deal fell apart when rank-and-file Democrats opposed the spending offsets, forcing Pelosi to pull COVID-19 funding out of the stimulus package entirely.

Speaking Thursday, Pelosi vowed that new COVID-19 relief would be passed no matter the cost.

"What I've said to the administration is ... you must ask for more. Because we need more, and you can't expect money, this [bill], to turn around just like that because the legislative process takes time," she said. "We want it to be bipartisan; we need it to be paid for. And so let's just go for a bigger chunk."

The federal government has spent more than $5 trillion during the COVID-19 pandemic, growing the national debt to more than $30 trillion, a figure that is 25.6% larger than GDP — the estimated value of the entire U.S. economy.