[00:00:00] The Kate Dalley Show Is About To Start. Progressive Liberals Must Be Accompanied By An Adult. The Show Starts Now. In The Cabinet Meeting With Elon Musk. Just the interest on the national debt now exceeds the Defense Department's spending. We spend a lot on the Defense Department. We're spending like over a trillion dollars on interest. If this continues, the country will become de facto bankrupt. It's not an optional thing. It is an essential thing.
[00:00:29] That's the reason I'm here. But if we don't do this, America will go bankrupt. That's why it has to be done. I'm confident at this point, knock on wood, knock on my wooden head, that we can actually find a trillion dollars in savings. Wow. The takeaway from that, the reason I'm here is the interest on the debt. It's going to bankrupt the country.
[00:00:55] All you have to do is have the Treasury issue the currency. You don't need the debt. All you have to do is have the Treasury issue the currency. You don't need the debt. That tells you that's right. That's not on the table. That's not on the table. Right. The debt, the interest on the money, borrowing your own money into existence, that's going to continue. Right. And he's telling me he's going to bankrupt the country, which is what the Treasury and the Fed itself, it's saying we're on a fiscally unsustainable path.
[00:01:22] You've put the country in a debt trap because you want to radically re-engineer it. You've put the country in a debt trap because you want to radically re-engineer it. You've soaked out the 21 trillion plus, right? Yeah. You've soaked out what you can soak out on going direct. Question is, what can you soak out now? You can soak out the data and give it to your AI, right? And use it to pump the value of your companies. And you can soak out the land and the mineral resources. You can sell stuff off, right?
[00:01:52] Right. So they're grabbing the data. They want to leave the government in place because it's power. But you need the government run by corporate contractors, not civil service. Yes.