AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Managing National Debt in Uncertain Times
This chapter examines the challenges posed by rising interest rates and national debt, forecasting a deficit of $1.8 trillion for 2024. It emphasizes the urgency of establishing a fiscal policy framework to stabilize debt-to-GDP ratios and discusses the political difficulties in reforming vital programs like Social Security and Medicare. The dialogue highlights potential crises that could necessitate reforms and the importance of political will in addressing these pressing economic issues.