AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
#1356 Kyle Bass | Bitcoin Could Explode On Global Chaos
The Pomp Podcast
Understanding Deficits: A Personal Perspective
In fiscal year 2023, the U.S. government collected approximately $4.4 trillion in receipts while spending $6.1 trillion, resulting in a significant deficit. This deficit, characterized as being 40% higher than the income, provides a clear illustration of the financial imbalance, akin to an individual earning $100,000 yet spending $140,000. This situation occurred during a period of full employment, highlighting an unprecedented fiscal challenge that may be lost in the abstract percentages often used to describe it.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode