David Lin | CBO Director: What Happens When Debt Hits 122% Of GDP | Phillip Swagel @TheDavidLinReport | Uploaded October 2024 | Updated October 2024, 11 hours ago.
Phillip Swagel, 10th Director of the Congressional Budget Office, explains what's driving the widening U.S. federal debt, deficits, and how "at some point it will be a problem".

*This video was recorded on October 10, 2024

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00:00 - Introduction and Fiscal Projections
01:49 - Deficit Trends and Historical Comparisons
03:36 - Economic Recovery Amid Record Deficits
05:24 - Key Drivers of Debt and Deficit Growth
08:02 - Rising Interest Payments and Their Impact
10:27 - Sustainability of U.S. Fiscal Policies
12:05 - Inflation Risks from Growing Deficits
13:56 - Interaction Between Federal Reserve and Treasury
15:15 - Revenue Projections and Expiring Tax Cuts
18:35 - Financial Sector Risks
21:00 - Federal Deficits and Economic Growth
24:15 - Closing Remarks and Future Outlook

#economy #investing #economics