Paraphrasing:
“this cliff is as predictable today as it was 10 years ago, as Americans keep spending more than they are taking in”
My only problem is he blames “Americans” which is a pretty broad brush. It’s the big-government politicians and their cultivated cabbage-head supporters.
The problem in America can be traced to the civil war. Progressives started in at that time growing gubmint and laying the foundations for our switch to a communist form of gubmint.
Ultimate power corrupts, the ruling elites in the U.S. have been corrupted and lead by the prince of the air for more than 100 years now.
God is in control, He will not be turned aside. The United States will come to it's knees before Him, one way or another.