The Julia La Roche Show | Hedge Fund Manager Shocks Host With How Much Government Spends @TheJuliaLaRocheShow | Uploaded February 2023 | Updated October 2024, 1 day ago.
"Reformed" hedge fund manager James Lavish, the author of The Informationist, joins Julia La Roche on episode 52 for a wide-ranging discussion on macro and a deep dive into the debt problem in the U.S.
Lavish explained that the tax base in the U.S. currently brings in about $4.6 trillion, which could get impacted by a recession. At this same time, a massive amount of entitlement spending goes to Social Security, Medicare, Medicaid, and unemployment in addition to long-term contracts for defense spending and, finally, interest payments on bonds we've issued. Adding up all those expenditures, it's over $6 trillion annually, so the U.S. is spending $1.4 trillion more than its bringing in tax revenue. As Lavish puts it, if the U.S. were a company, it would be considered a "Zombie."
Watch the full episode here: youtu.be/zlFvYpxbRp8
#shorts #government #debt
"Reformed" hedge fund manager James Lavish, the author of The Informationist, joins Julia La Roche on episode 52 for a wide-ranging discussion on macro and a deep dive into the debt problem in the U.S.
Lavish explained that the tax base in the U.S. currently brings in about $4.6 trillion, which could get impacted by a recession. At this same time, a massive amount of entitlement spending goes to Social Security, Medicare, Medicaid, and unemployment in addition to long-term contracts for defense spending and, finally, interest payments on bonds we've issued. Adding up all those expenditures, it's over $6 trillion annually, so the U.S. is spending $1.4 trillion more than its bringing in tax revenue. As Lavish puts it, if the U.S. were a company, it would be considered a "Zombie."
Watch the full episode here: youtu.be/zlFvYpxbRp8
#shorts #government #debt
