Episode Details

Imagine holding a piece of paper that you believe has value, but you start to worry about how long that paper will remain worth anything. This is a reality many Americans have begun to face as we discuss the growing public debt, currently sitting at a staggering $30.8 trillion, and climbing.To understand the gravity of the situation, consider this: the U.S. Treasury plans to borrow over $2 trillion in the fiscal year 2026, just to keep our government running amid persistent budget deficits. Those deficits are not a small change either; we're talking about averages of nearly $2 trillion a year over the next decade. That’s like trying to fill a bathtub that’s got a big hole in it, while someone keeps the tap running.

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