The Debt Ceiling and the Future of the Economy

The key thing is if you look at the biggest spike ever money supply debt to GDP went from just around like 100% spike to 134%. We've dropped 120%, but isn't the ceiling. The problem is, as we go into a recession, your tax receipts are going to go down. And so that's $3.7 trillion annual right there. You can't cut those. Our our interest payments on our debt have doubled from 400 to 800 billion dollars a year. It's the same size of a line item as our military spending now. I don't know how we get out of truly returning Japanese.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app