Stephen Moore: Seven Ways America Is Being Destroyed
Authored by Lily Sun and William Huang via The Epoch Times,
Stephen Moore, the senior economist at FreedomWorks and former senior economic advisor to President Donald Trump, gave a half-hour keynote speech at the Freedom Festival Banquet held at the Rusty Rudder restaurant on Oct. 7, in Dewey Beach, Delaware. The event was organized by the Delaware Republican Party. During his speech, Moore listed seven ways in which he believes the United States is being destroyed.
With approximately 100 FreedomWorks supporters in attendance, Moore said, “Let me be serious about what’s going on in this country.” Moore then said that it does not matter whether or not the Biden administration is intentionally trying to destroy our country, and then he listed seven strategies that could destroy a country, which he sees the White House implementing.
‘The first thing you would do is you would destroy its finances.’
“You borrow and spend like crazy until the country was on the verge of bankruptcy. President Joe Biden has done that. In 20 months, this president has spent $4.2 trillion. Now, these numbers are incomprehensibly large.
“So he’s wrecked the nation’s finances. We’re going to be spending decades—your children, my children, your children, our grandchildren, are going to be paying for what Joe Biden has done. It’s shameful. And we need to run every single person who wrote it, voted for these policies, out of town. We have to get rid of the people who made this.”
‘The second thing you do is destroy its currency.’
“Its currency is its means of exchange. Countries that go down the drain have currencies that become valueless. They debase the currency. Inflation is just a way of devaluing the currency. And that’s exactly what’s happened. So we’ve seen in 20 or so months, while Joe Biden has been president, prices have risen by about 16 percent in just 20 months. And what’s happening is people’s wages and salaries are falling way behind inflation.
“We just got the new numbers today on what happened with wages and salaries. The good news for American workers is that people’s wages and salaries over the last year were up 4.9 percent. That’s pretty good. You know what the Consumer Price Index number was over that same period? 8.4 percent. So what’s happened every single month that Joe Biden has been president? Americans are getting poorer. We are getting poorer month after month after month.”
“My friends at the Heritage Foundation have calculated that the average family, the median-income family in America today, has lost $4,000 in purchasing power in 20 months. It’s like a pay cut of $300 a month. That is causing real hardship to middle-income families.”
‘Third, you would destroy its energy supply.’
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Source: zerohedge.com
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