SLP432 James Lavish The Great Debt Spiral
Stephan Livera Podcast
00:00
Is the US Treasury Going to Collapse?
As we issue more debt, the interest payments on the totality of our debt is going up. We just had a $300 billion sum-odd student loan forgiveness package. So you've got $3.7 trillion of spending on mandatory programs. You're literally a zombie government as a kind of zombie government. But at the same time, we just talked about the tax basis coming down.
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