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Earn Your Leisure

Cliff Notes: The U.S. is $31 Trillion in Debt

Earn Your Leisure

iHeartPodcasts

Education, Business News, News, Entrepreneurship, Business, Investing, Careers

4.97.9K Ratings

🗓️ 21 May 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

In this Cliff Notes, we discuss the record breaking Debt the United States has accumulated and the Federal Government are looking to raise rates.


#earnyourleis

ure #debt #unitedstates


 

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Transcript

Click on a timestamp to play from that location

0:00.0

Let's talk about the Death Seal.

0:01.1

So the Death Seal was raised and then our good old

0:06.6

fine y'all.

0:07.8

Good old Janet Yellen has said that the ceiling

0:12.4

is probably gonna run out first.

0:15.2

That was pretty quick.

0:16.2

What's the deal with this?

0:18.4

This usually happens at the last minute they end up raising it,

0:21.6

but I am really concerned about our country right now

0:26.6

how much that we have.

0:28.6

Let me go to the book real quick.

0:31.6

If I go to America's Death Clock,

0:33.6

we are currently at

0:36.6

31.7 trillion.

0:41.6

I mean, it's $94,000 per citizen,

0:46.6

240,000 per taxpayer.

0:49.6

And I don't have the answer to how to fix this.

0:51.6

I don't, I'm sure it's always they'll raise it selling

0:55.6

because of course going into an election,

0:57.6

you can't have that kind of dead loom in over you.

1:01.6

It's not good for any candidate, but

1:05.6

I'm just when I look at the overall macro picture for us,

...

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