Why You Should Worry About the Debt | Brian Riedl
Hold These Truths with Dan Crenshaw
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What's the Danger of a Debt Crisis?
The danger is that the financial markets essentially cut us off, or that they basically again, or six, seven, eight % that we just can't pay. At that point, your options are either massive fiscal consolidation, which is to say, huge tax hikes and spending cuts like nothing you've ever seen - or the printing press. We're in a worse position than japan, because much of their debt wat short term investments and stimulus policies That have actually started levelling off in the last ten years. Our debt is social security, meticare and entitlements that are going to be growing expedentially, and that aregoing to be much harder to cut off. So ultimately, our deficits
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