No, the biggest stumbling block is that the US government spends far, far beyond its means. This can't go on forever. We are handing out money to everyone - the

No, the biggest stumbling block is that the US government spends far, far beyond its means. This can't go on forever. We are handing out money to everyone - the military, renewable energy, semi conductors, car makers, municipalities, the list goes on and on and on. It has to stop, eventually. We are expanding the money supply and the interest on debt is ballooning. As Jerome Powell, Chairman of the Federal Reserve said back in February: > PELLEY: But is the national debt a danger to the economy in your review? You are this country's central banker. > POWELL: So, it, I would say this. In the long run, the U.S. is on an unsustainable fiscal path. The U.S. federal government's on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don't think that's at all controversial. And I think we know that we have to get back on a sustainable fiscal path. And I think you're starting to hear now from people in the elected branches who can make that happen. It's time that we got back to that focus. > I think the pandemic was a very special event, and it caused the government to really spend to ward off what looked like very severe downside risks. It's probably time, or past time, to get back to an adult conversation among elected officials about getting the federal government back on a sustainable fiscal path. > PELLEY: I have the sense this worries you very much. > POWELL: Over the long run, of course it does. You know, we're effectively — we're borrowing from future generations. And every generation really should pay for the things that it, that it needs. It can cause the federal government to buy the things that it needs for it, but it really should pay for those things and not hand the bills to our children and grandchildren. > I think this is, again, not controversial. But it's difficult from a political standpoint. It's not our business, really. But I do think it's pretty widely understood that it's time for us to get back to putting a priority on fiscal sustainability. And sooner's better than later. > PELLEY: Urgent? > POWELL: You could say that it was urgent, yes. https://www.pgpf.org/blog/2024/02/fed-chair-powell-its-past-time-to-address-our-national-debt#:~:text=Powell%20emphasized%20that%20fiscal%20policy,addressing%20the%20debt's%20structural%20drivers https://www.pgpf.org/blog/2024/02/fed-chair-powell-its-past-....