Chapter
The Growing Problem of US Federal Debt
52:21 - 57:52 (05:30)
The increasing federal debt of the US poses a threat to the prioritization of defense spending, social programs and discretionary spending in federal budgetary decisions, as the debt service required to pay off the debt becomes more demanding on the budget. Consequently, the current budgetary situation may worsen in the future as the amount of spending may exceed the GDP's capacity to make the necessary payments, and concerns regarding the ratio's lack of precision and long-term consequences are significant.
Clips
The concern lies with the ballooning cost of paying out all the obligations the federal government has to pay out of it, including interest payments and Social Security and Medicare payments on top of out of control spending.
52:21 - 53:22 (01:00)
Summary
The concern lies with the ballooning cost of paying out all the obligations the federal government has to pay out of it, including interest payments and Social Security and Medicare payments on top of out of control spending.
ChapterThe Growing Problem of US Federal Debt
EpisodeE105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The U.S. federal budget's increasing debt service could lead to crowding out programs, eventually putting the economy in danger, according to former Council of Economic Advisers Chairman Glenn Hubbard.
53:22 - 55:10 (01:47)
Summary
The U.S. federal budget's increasing debt service could lead to crowding out programs, eventually putting the economy in danger, according to former Council of Economic Advisers Chairman Glenn Hubbard.
ChapterThe Growing Problem of US Federal Debt
EpisodeE105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this podcast, the speaker argues for reducing defense spending by shifting to alternative ways of defending the country such as energy independence and a balanced budget, which could save trillions of dollars annually.
55:10 - 55:55 (00:45)
Summary
In this podcast, the speaker argues for reducing defense spending by shifting to alternative ways of defending the country such as energy independence and a balanced budget, which could save trillions of dollars annually.
ChapterThe Growing Problem of US Federal Debt
EpisodeE105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The key to refining budgeting processes and avoiding overspending is by improving the toolkit and the data given to institutions like the CBO to make informed decisions, as was done with the agreement to hold the line on spending in 2008.
55:55 - 57:52 (01:57)
Summary
The key to refining budgeting processes and avoiding overspending is by improving the toolkit and the data given to institutions like the CBO to make informed decisions, as was done with the agreement to hold the line on spending in 2008.