Episode 1742 • • 1:43:49 - 1:47:35
1742: Golden Poop
Government Spending, Economic Collapse Prediction
Economist Gary Kaltbaum notes that federal spending has increased 60% since the year before COVID and quadrupled since 2000. Some analysts argue the vast federal bureaucracy has become a "giant jobs program" to prevent economic collapse. However, the continued accumulation of debt leads to predictions of a major economic correction or collapse by 2026 as the system becomes unsustainable.