SLP467 An Unsustainable Fiscal Path with James Lavish
Stephan Livera Podcast
00:00
We're Operating in a Deficit, Right?
In the next three years, 50% of our debt is maturing. We've been operating at zero interest rate policy, berserk for a long time. The problem is because we're operating in a deficit, we have no money in our treasury to go and pay off that old debt. It could get worse if the Treasury, I mean, if the Fed continues to raise rates, obviously.
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