National Debt Crisis And Mandatory Spending - VERONIQUE DERUGY

The John Batchelor Show · Aug 29, 2026 · 9m

Veronique de Rugy of the Mercatus Center details the alarming surge of the United States gross national debt to record heights, exceeding forty trillion dollars. She argues that the country suffers from an out-of-control spending problem rather than a lack of tax revenue, citing massive unpaid pandemic spending. De Rugy blames both political parties for avoiding structural reforms and warns of the critical 2032 deadline when Social Security and Medicare funding will face automatic, severe cuts. She predicts that Congress will resort to further debt and inflation, which will heavily penalize…