Rep. McCormick Warns Against Slowing AI Buildout

Watch on YouTube ↗  |  August 23, 2026 at 16:39  |  8:10  |  Bloomberg Markets
Speakers
Rich McCormick — Representative

Summary

Representative Rich McCormick discusses US fiscal warnings and AI infrastructure. He argues the US must keep building data centers to maintain AI leadership and says they can be done responsibly. He also comments on South Korea military exercises and carrier deployment conditions.

  • McCormick warns US debt has doubled to about $40 trillion and the currency has been downgraded.
  • He expects Social Security strain to increase borrowing costs and interest rates.
  • He urges continued US data center expansion to support AI leadership.
  • He argues modern data centers are closed-loop, use clean fuel cells, and can benefit local economies.
  • He suggests building data centers on US military bases.
  • He suspects outside influence in some anti-data-center protests.
  • He wants US-South Korea military cooperation to remain close.
  • He views USS Abraham Lincoln deployment hardships as an ongoing military reality.
Ideas
Rich McCormick Representative 0:15
US debt is degrading US dollar.
The US has doubled its debt to about $40 trillion in a decade and has been downgraded as a currency; as Social Security strains hit, borrowing costs and interest rates will rise, degrading the US dollar and hamstringing the country.
Rich McCormick Representative 2:51
Keep building US AI data centers.
The US should keep expanding data centers to maintain AI leadership; data centers can be built responsibly with closed-loop water systems and clean fuel cells, benefit local economies, and slowing the buildout due to alarmism or outside influence would cause the US to fall behind.
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Speakers: Rich McCormick  · Tickers: USD, DTCR