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“We do need to shrink our spending and we need to get a hold on the debt, but it needs to be done in a way that you have the growth go first. Otherwise, you’re going to end up with less revenue, which means you’re going to actually widen the deficit and create a worse problem—a ‘no good deed goes unpunished’ type of scenario.”

As part of our special series on the U.S. presidential transition period, I’m sitting down with Carol Roth, a former investment banker and author of several books—most recently, “You Will Own Nothing: Your War with a New Financial World Order and How to Fight Back.”

In this episode, we discuss the biggest financial challenges facing the incoming administration and how best to navigate them.

Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.