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Rep. Buck: Actual Nat’l Debt Is $30 Trillion, ‘No Conversation’ in D.C. About Repaying It

‘We are going to continue to spend until the markets say enough is enough and nobody buys the bonds’
By Grabien Staff

EXCERPT:

BUCK: "I have to tell you, Nicholas, I've been a spending hawk and a fiscal hawk, and this troubles me greatly. But all I see is more spending. So how high do we get? We are going to continue to spend until the markets say enough is enough and nobody buys the bonds, and then we have the cliff that we go off of. So, I hope long before then, we act responsibly and dial this back. But the reality is that we are at $30 trillion because we've authorized the Fed to engage in, you know, debt, accumulating more debt. And so I think that the spending is one of the largest issues to come out of this COVID. And unfortunately, there's no conversation in Washington D.C., about how to pay this money back."

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