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3min chapter
America’s ‘Debt Spiral’ Is Nearing a Critical Threshold
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Understanding Deficit and the US Government's Debt
This chapter delves into the concept of deficit and the US government's debt, discussing its acceptability due to the country's global reserve currency status. It examines the impact of the financial crisis, the allocation of tax dollars towards interest payments, and the concerns regarding rising interest rates, as well as the effects of tax cuts and the COVID-19 pandemic on the economy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode