Senator David Perdue on U.S. Debt and Budget Process

The video discusses the US debt crisis, highlighting the lack of a capital budget in the federal government and its impact on national security. It explores the global security crisis, linking it to the debt issue, and shares international perspectives on US debt. The speaker suggests solutions, including reforming Social Security and Medicare, and emphasizes the need for effective budget processes. The political implications of the debt crisis are also discussed, with a focus on the upcoming elections and the need for a change in fiscal policy.

What is one reason the federal government is facing a debt crisis?

• High unemployment rates

• Lack of a capital budget

• Low tax revenues

• Excessive military spending

How does the debt crisis affect national defense?

• It has no impact on national defense

• It undermines the ability to protect national defense

• It strengthens foreign alliances

• It increases military funding

Which of the following is NOT mentioned as a global security threat?

• Russian aggression

• Nuclear proliferation

• Climate change

• Cyber warfare

What is a concern of global leaders regarding U.S. debt levels?

• The U.S. will increase its military presence

• The U.S. will not meet its financial commitments

• The U.S. will lower its interest rates

• The U.S. will increase foreign aid

What is one proposed solution to address the debt crisis?

• Increase military spending

• Reduce taxes for corporations

• Develop a functional budget process

• Increase foreign aid

What is a major contributor to the debt crisis over the next 10 years?

• Social Security and Medicare

• Rising unemployment

• Decreased foreign investments

• Increased military spending

What is the political stance of the speaker regarding the upcoming presidential elections?

• Support for any Republican candidate

• Support for President Clinton

• Support for a third-party candidate

• Indifference to the election outcome