Navigating the Debt Dilemma

This chapter examines the implications of recent Congressional spending bills and the resulting surge in the national deficit, potentially reaching an additional $231 billion annually. The discussion highlights the bond market's reactions to these financial decisions, especially amidst rising interest rates and inflation, drawing parallels with Japan's fiscal challenges. The speakers caution against current fiscal strategies, expressing concerns over the sustainability of pro-growth policies and the risks posed by escalating debt levels.