America’s Debt Is Growing Faster Than Its Economy. Is This Sustainable?—W. Bruce Lee

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W. Bruce Lee is the executive director of the Phoenix Correspondence Commission, the first nationwide convention of states since 1861. It’s a little known government body owned by all 50 states organized to provide another check on the federal government.

“After 40-some odd years of no progress in Congress, the states are being looked at as the solution now. And the states do need to buck up,” said Lee. “If Congress is unwilling to control itself, then there needs to be some external enforcer.”

He argues the best way to rein in federal spending and reduce the $35 trillion national debt, is through a balanced budget amendment to the Constitution.

“At $35 trillion, we’re spending more on interest payments than we do on our national defense,” he said. “If you do not have economic stability, you do not have anything. The whole house of cards comes tumbling down.”

Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.
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