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E130: DeSantis's Twitter Spaces, debt ceiling, Nvidia rips, state of VC, startup failure & more
All-In with Chamath, Jason, Sacks & Friedberg
The Problem With Government Accountability in an Environment Like This
We're running a $2 trillion a year deficit and it's forecast to continue to be at that level for several years. It's going to take pretty radical changes in how we tax and spend to make up that gap. You can't run two trillion dollar deficits every year. That's unsustainable now. We should have kept operating under the sequester until we got to a balanced budget but The reason that broke quite frankly is because the lobbying power of the military industrial complex is so great in both the republican and democratic parties.
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