Posted on Sep 18, 2024
Billionaire investor issues dire warning over 'crisis' of leadership as 'very serious issues'...
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Article quotes: ""I think we’re heading to a potential financial crisis as a result of the enormous buildup of debt in this country. And neither candidate is addressing that," he stressed during an appearance on "The Claman Countdown" on Tuesday."
"Cooperman argued that the country’s out of control spending could be attributed to its lack of leadership."
"Ultimately, we’re going to have a crisis over it where the debt doesn’t matter," Cooperman warned.
"Cooperman argued that the country’s out of control spending could be attributed to its lack of leadership."
"Ultimately, we’re going to have a crisis over it where the debt doesn’t matter," Cooperman warned.
Billionaire investor issues dire warning over 'crisis' of leadership as 'very serious issues'...
Posted from foxbusiness.com
Business
Budget
Economy
Leadership
Posted 1 d ago
Responses: 2
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He is correct. Trump understands this but the left is driving us off a cliff.
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SFC (Join to see)
As long as people are willing to sell their soul to the devil for free stuff we are in trouble. To me the scary numbers are: Debt Per Person $104K, Debt Per Taxpayer $267K. This indicates we have too many people living from our tax system. To be the way it should be everyone needs to have skin in the game.
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Trump did a lot to improve the US economy, while the Democrts continued to give away trillions which built that debt.
Trump's sanctions on China has caused the biggest forien investments to pil out. Those factories are now in India or Vietnam while hundreds of millions of Chinese are jobless.The ban on the sale of current level IC manufacturing is forcing China to use video game chips in their weapons. Miccron, one of the world's larest producers moved to Japan.
Trump's sanctions on China has caused the biggest forien investments to pil out. Those factories are now in India or Vietnam while hundreds of millions of Chinese are jobless.The ban on the sale of current level IC manufacturing is forcing China to use video game chips in their weapons. Miccron, one of the world's larest producers moved to Japan.
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SFC (Join to see)
Good information. The article I posted here faults both Biden and Trump with the author sayin basically that while both are driving us to the poor house, Trump is the lessor of two evils. Not a great endorsement. The problem is anyone who meaningfully tries to fix the National Debt will be destroyed by the Democrat "buy the votes" policies where they give free money and services to everyone they can. It's not sustainable as this Cooperman person points out. Because of this it's not a question of if our Country will go bankrupt, but when.
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Cpl Vic Burk
SFC (Join to see) - Actually, I think the United States is already bankrupt. They just haven't declared it yet due to the world wide panic it will cause.
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