Pak Sahafat – American Republican Senator Roger Marshall said: Iran, Russia, China or North Korea is not big threats to America, but the 31 trillion dollar government debt is the biggest threat to America.
US Republican Senator Roger Marshall told the US Senate Budget Committee on Wednesday local time: I am often asked what is the biggest threat facing our country and I say it is not from Iran, Russia, China and North Korea.
He clarified: This threat is also not caused by climate change. The biggest long-term threat facing America is our government’s $31 trillion national debt, which continues to grow.
Marshall told the US Senate Budget Committee: Joe Biden has spent more than any other president in the United States in the first 20 months of his presidency.
He continued: Under Biden’s administration, energy prices have increased by more than 37%, residential heating energy by more than 52%, electricity by more than 23%, gasoline by more than 45%, and food by more than 19%. At the same time, real incomes in America do not keep pace with inflation.
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On Monday night, Joe Biden said in a very short speech about the American banking system: We must understand the full details of what happened and those who are responsible for this bankruptcy must be held accountable.
He stated that American taxpayers will not be responsible for the losses of the bankrupt bank and said: Americans can trust the security of the American banking system. The American banking system is safe and has no problems.
Biden also promised to introduce stricter rules for banks and told the American people: Your bank deposits will be available whenever you need them.
The President of the United States continued that bank managers will be fired and investors will lose their money.
Earlier, the Independent newspaper wrote that 67 senators (50 Republicans and 17 Democrats) agreed to reduce the supervision of this bank in 2018, and this law approved by the Senate was also approved by Donald Trump. Analysts believe that if this bank was not exempted from some regulatory measures, there would be a possibility of better management of the situation and risk reduction.
Nevertheless, in an article he published on social networks, Trump pointed the finger of accusation towards the financial policies of Joe Biden’s government and wrote: We will face a recession more severe than 1929. The collapse of banks has begun.