
Will America’s Debt Crash the Global Economy?
The David McWilliams Podcast
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America's Debt Dilemma
This chapter explores the urgent challenges of America's escalating national debt, exceeding $30 trillion, and its implications on economic growth, social services, and military spending. It critiques fiscal policy decisions that prioritize tax cuts for the wealthy while risking the financial stability of lower-income Americans. Additionally, the discussion highlights the psychological aspects of economic behavior and the potential for a financial crisis fueled by dwindling confidence and rising defaults.
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