Before I get into this morning's segment on The Captain's America: Third Watch with Matt Bruce, I wanted to elaborate a little bit more about Kevin McCarthy’s spending bill and the other spending that Congress seems so capable of doing.
We shouldn't be happy with the McCarthy bill that went through the House because it still raises the debt ceiling and it still spends beyond our means. We are nowhere close to spending within our means regarding the revenue stream that goes to the federal government.
The engine for acquiring that revenue scheme is antiquated and needs to be completely overhauled and reformed. As it is, we are just racking up debt that will never be paid off, not in the lifetimes of our great-great-grandchildren, if at all.
Another thing to keep an eye on is legislation coming down the tube that has to do with controlling your money.
A Central Bank Digital Currency (CBDC) is a very bad idea. It gives the federal government full control over your money. They can shut it off with the flip of a switch. We saw that happen in Canada when the truckers were protesting against COVID. And you see it in China, every single day, used against people that don't conform to the party line.
So, a CBDC is a very, very bad idea.
Another horrible idea coming through the tube is Elizabeth Warren's proposed legislation that would regulate cryptocurrency wallets. She's not stupid. She's not going after the cryptocurrency (although she's on record as hating it because the federal government cannot control it). She's going after the wallets it's kept in; to regulate those.
Every single thing about her bill controls your money and as we've seen over the years the federal government is a terrible steward of your money. They overspend. They spend on things that we don't want. They try to push agendas upon us with our money. We can't allow that to happen.
So, you have to take to your keyboards and you have to tell your Senators that Elizabeth Warren's anti-crypto wallet bill needs to die before it even comes to the floor for a vote.
Then, this morning’s segment on The Captain's America: Third Watch with Matt Bruce…
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