(Daily Caller)—U.S. CEOs believe the country’s national debt and deficit are the greatest geopolitical risks to business operations in 2024, according to a survey from the research group organization The Conference Board.
The U.S. national debt was put ahead of other top risks for CEOs, including the potential for an increase in cyberattacks, war in the Middle East, higher energy prices and risks associated with decoupling from China, according to The Conference Board. The U.S. national debt exceeded $34 trillion for the first time in the country’s history on Dec. 29, 2023, following huge government deficits and spending under the Biden administration.
“For U.S. CEOs, the biggest risk is right at home — the mushrooming US national debt and deficit,” The Conference Board said in its report. “The US fiscal outlook continues to deteriorate, with the deficit for FY2023 topping estimates at $1.7 trillion. The increasing practice of issuing U.S. Treasury securities to finance deficit and debt places tremendous strain on the financial system, potentially raising business borrowing costs and limiting access to capital.”
American CEOs are also particularly concerned about an economic downturn/recession, noting that it and inflation are the external factors that are most likely to have the greatest impact on their organizations in 2024, according to The Conference Board. Financial institutions and analysts are mixed with their predictions of the economy in 2024, with banks like Goldman Sachs and JP Morgan Chase forecasting a risk of a recession while Deutsche Bank and Société Générale both predicting a recession.
Global political instability, higher borrowing costs and labor shortages are also among the top five most concerning external factors for U.S. CEOs, which all fuel inflation, according to The Conference Board. Inflation remains elevated, rising 3.1% year-over-year in November, far above the Federal Reserve’s 2% target, after decelerating from its peak under Biden of 9.1% in June 2022.
The national debt has ballooned under Biden following a number of costly initiatives pushed by the president. In March 2021, Biden signed the American Rescue Plan, which authorized $1.9 trillion in new spending, and in August 2022, the president signed the Inflation Reduction Act, which approved $750 billion in spending.
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Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
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Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
