SLP432 James Lavish The Great Debt Spiral
Stephan Livera Podcast
00:00
What's the Choice? Austerity, or Debt?
The US government is spending more than it's earning, according to the Congressional Budget Office. This means that its margins are getting squeezed and eventually they're going negative. So what do you do? You can either have austerity or raise taxes - which doesn't really work long-term. The third thing is just issue more debt; that's the easiest option every single time.
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