The US national debt is a significant and often misunderstood topic: With the current debt sitting at around $34.6 trillion, many wonder if this signals an impending crisis. Peter breaks down what this figure means and explores the broader implications (many of which may surprise you).
Listen now and learn:
Differences between the deficit, the debt, and the debt ceiling
How US government finances are very different than household finances
Why inflation, not default, is the real risk of our deficit spending
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