(00:00) The Fall of Rome: Death By A Thousand Cuts (and the National Debt)

💸The national debt is increasing at an alarming rate, with a $6.5 trillion annualized growth

📈The rise in national debt is similar to the fall of Rome, happening gradually and with increasing frequency

🏛️The ballooning debt is a result of continuous deficit spending and a lack of focus on balancing the budget

💰Interest expense on the national debt is skyrocketing, creating a financial burden for the government

🌎The national debt has global implications, affecting the stability of the global economy

What is the current rate of national debt increase?

—The current rate of national debt increase is $6.5 trillion annualized growth.

Why is the rise in national debt compared to the fall of Rome?

—The rise in national debt is similar to the fall of Rome in the sense that it is happening gradually and with increasing frequency.

What factors contribute to the ballooning debt?

—Continuous deficit spending and a lack of focus on balancing the budget are the main factors contributing to the ballooning debt.

How does the increasing interest expense affect the government?

—The increasing interest expense on the national debt creates a financial burden for the government.

What are the global implications of the national debt?

—The national debt has global implications and affects the stability of the global economy.

00:00The fall of Rome was Death By A Thousand Cuts, similar to the gradual increase in national debt.

01:19The national debt is increasing at a rate of $6.5 trillion annually.

03:55The rise in national debt is a result of continuous deficit spending and a lack of focus on balancing the budget.

07:33Interest expense on the national debt is skyrocketing, creating a financial burden for the government.

11:14The national debt has global implications, affecting the stability of the global economy.