{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The Coming Inflation Re-Acceleration\u2013Regardless of Who Wins Election | Facts Matter","description":" We are just less than three weeks out from the 2024 election. Meaning that in about three and a half weeks\u2014or however long it takes to count the votes\u2014we\u2019re going to know who will lead the country for the next four years. Regardless of who wins, however, there is a massive structural problem in America that is essentially colorblind. It\u2019s not red, it\u2019s not blue\u2014so it doesn\u2019t matter who\u2019s in office. It\u2019s that the design of the system will make it such that inflation will re-accelerate. The national debt currently sits at an astonishing $35 trillion. Looking at the national debt on a timeline, the increase over the last 100 years has been staggering, going from about $400 billion in 1923 to $35 trillion today\u2014an increase of 8,750 percent. To give you some perspective on that, if the United States were to completely stop all of its spending and, instead, the federal government spent a million dollars every single minute to pay off this debt, it would never get paid off\u2014because we\u2019re currently paying $2 million dollars per minute just to service the interest on that debt. And so today, let\u2019s go through the details of the situation, and why inflation is essentially the only answer to this problem\u2014regardless of who\u2019s in office. Join host Roman Balmakov on this week\u2019s episode of \u201cFacts Matter.\u201d Views expressed in this video are opinions of the host and guests and do not necessarily reflect the views of The Epoch Times. \ud83c\uddfa\ud83c\uddf8Roman's Special Offer\ud83d\udc49 https:\/\/ept.ms\/RomanSpecialOffer \u2b55\ufe0f Support our fight for the truth\ud83d\udc49 https:\/\/donorbox.org\/facts_matter ","author_name":"Facts Matter","author_url":"http:\/\/factsmatter.libsyn.com\/website","html":"