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BTC152: The Debt Event Horizon & Bitcoin w/ Jesse Myers (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Growing National Debt and Its Impact on Interest Expense
The author argues that we have passed the point of no return in terms of balancing the budget due to Congress's inefficiency and lack of concern. This has led to persistent multi trillion dollar deficits and a skyrocketing national debt. With interest rates rising, the interest expense on the debt has become a significant burden. In just four months, $2.1 trillion has been added to the national debt since lifting the debt ceiling.
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