3min chapter

Peter St Onge Podcast cover image

Episode 16: Weekly Roundup 08.07.2023

Peter St Onge Podcast

CHAPTER

The Feds' Debt Ceiling Surrender

The CBO congressional budget office is now projecting a $50 trillion national debt. Debt payments have actually doubled to roughly $1 trillion, writes Peter Bergen. The fundamental issue here is that the US government is spending like a drunk sailor with a stolen credit card," he says.

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