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BTC093: The Debt Spiral Defined w/ James Lavish (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Are You Running in a Deficit?
We're currently running interest expense at $400 billion, so it doesn't take a math genius to figure out that we're running in a deficit. So how do you cover that? Well, you can either raise taxes, which actually negatively impacts your GDP in the long run, right? You can cut entitlements. That's not popular, especially in election year. We've seen it on both sides of the aisle. It doesn't matter. And the other thing you could do is you could borrow. The problem is that you're issuing more debt into an arising interest rate environment. As you're borrowing, you're borrowing money that's more expensive.You're putting more debt on your
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