Sen. Ron Johnson

The cost of your debt is lowered. Again, it's a silent way of addressing these massive deficits. How far away from a moment like that are we? I don't know. I would have thought we would have experienced it by now, but we've experienced it instead as, again, 40-year high inflation. The devaluation of the currency. I mean, I think that's pretty shocking when you take a look at that.

It's a dollar just 11 years ago. It was only worth 74 cents. Six years, it's only worth 80 cents. That's an amazing level of devaluation. It's not even close to hyperinflation where you've got inflation rates of hundreds of percent. So when that crisis comes, what do you do? Well, you have a great deal of turmoil in your society. It won't be pleasant. It's what we need to try and avoid.

It's a dollar just 11 years ago. It was only worth 74 cents. Six years, it's only worth 80 cents. That's an amazing level of devaluation. It's not even close to hyperinflation where you've got inflation rates of hundreds of percent. So when that crisis comes, what do you do? Well, you have a great deal of turmoil in your society. It won't be pleasant. It's what we need to try and avoid.

It's a dollar just 11 years ago. It was only worth 74 cents. Six years, it's only worth 80 cents. That's an amazing level of devaluation. It's not even close to hyperinflation where you've got inflation rates of hundreds of percent. So when that crisis comes, what do you do? Well, you have a great deal of turmoil in your society. It won't be pleasant. It's what we need to try and avoid.

And by the way, why I'm not in a full-blown panic, people like Art Laffer, economist of the Laffer curve, he does correctly point out America has enormous wealth. I mean, hundreds of trillions of dollars worth of wealth. So $37 trillion in relationship to hundreds of trillion dollars worth of wealth That's manageable.

And by the way, why I'm not in a full-blown panic, people like Art Laffer, economist of the Laffer curve, he does correctly point out America has enormous wealth. I mean, hundreds of trillions of dollars worth of wealth. So $37 trillion in relationship to hundreds of trillion dollars worth of wealth That's manageable.

And by the way, why I'm not in a full-blown panic, people like Art Laffer, economist of the Laffer curve, he does correctly point out America has enormous wealth. I mean, hundreds of trillions of dollars worth of wealth. So $37 trillion in relationship to hundreds of trillion dollars worth of wealth That's manageable.

It's just like if you're a billionaire, but you don't work, you can have some pretty large mortgages on homes, but you still have to generate some income to service the debt. And I think that's kind of the point we're making. I mean, it's not irrelevant debt to GDP ratio. And we do have massive wealth.

It's just like if you're a billionaire, but you don't work, you can have some pretty large mortgages on homes, but you still have to generate some income to service the debt. And I think that's kind of the point we're making. I mean, it's not irrelevant debt to GDP ratio. And we do have massive wealth.

It's just like if you're a billionaire, but you don't work, you can have some pretty large mortgages on homes, but you still have to generate some income to service the debt. And I think that's kind of the point we're making. I mean, it's not irrelevant debt to GDP ratio. And we do have massive wealth.

But we need to manage the cash flow problem here, too, as well as just the pernicious impact of all these transfer payments, providing encouragement for people not to work. There's a great article written, I think, in 2017 by Nick Eberstadt of the American Enterprise Institute, Our Miserable 21st Century. You know, talking about how 20% of working age men are permanently out of the workforce.

But we need to manage the cash flow problem here, too, as well as just the pernicious impact of all these transfer payments, providing encouragement for people not to work. There's a great article written, I think, in 2017 by Nick Eberstadt of the American Enterprise Institute, Our Miserable 21st Century. You know, talking about how 20% of working age men are permanently out of the workforce.

But we need to manage the cash flow problem here, too, as well as just the pernicious impact of all these transfer payments, providing encouragement for people not to work. There's a great article written, I think, in 2017 by Nick Eberstadt of the American Enterprise Institute, Our Miserable 21st Century. You know, talking about how 20% of working age men are permanently out of the workforce.

Yes. You know, on Medicaid, using the Medicaid card to buy opiate drugs to, you know, help finance their living. You know, all kinds, all those pernicious impacts of a society where we literally don't require people to work. We actually incentivize them not to. That's, to my mind, that's one of the biggest problems we have with the big welfare system.

Yes. You know, on Medicaid, using the Medicaid card to buy opiate drugs to, you know, help finance their living. You know, all kinds, all those pernicious impacts of a society where we literally don't require people to work. We actually incentivize them not to. That's, to my mind, that's one of the biggest problems we have with the big welfare system.

Yes. You know, on Medicaid, using the Medicaid card to buy opiate drugs to, you know, help finance their living. You know, all kinds, all those pernicious impacts of a society where we literally don't require people to work. We actually incentivize them not to. That's, to my mind, that's one of the biggest problems we have with the big welfare system.

Yeah, somebody's got to do the work.

Yeah, somebody's got to do the work.

Yeah, somebody's got to do the work.

And, you know, we were talking earlier when I first entered this political realm, going to dairy breakfast, the first issue I heard in Wisconsin was, you know, we don't have enough workers. Now, I come from a manufacturing background where for 20 or so years, you couldn't find enough people to work in a manufacturing plant. Yeah. Which is why I always kind of scratch my head.