El Salvador Update; Budget Deficit; SS; Naval Shipyards | YBS: News Roundup July 11
Yaron Brook Show
00:00
The Budget Deficit Is Insane
Spending as a percentage of gross domestic product is going to grow to 29% over the next three decades. By 2051, spending on interest will be the single largest line item in the federal budget. And that's if we're lucky, if interest rates stay high or if interest rates go up even more. The longer you wait to deal with it, the bigger the debt and the harder it is to pay it off.
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