Independent analyses, ranging from Yale University to the Wharton School to the Congressional Budget Office, have each said that President Trump’s Big Beautiful Bill will add trillions of dollars to the U.S. deficit over the next 10 years. Yet, this year, the U.S. deficit is already exceeding 6 percent of GDP, a level roughly 63 percent higher than the average in the past five decades. And unlike past spikes, the current one isn’t driven by war or economic crisis, leading many to worry. In this documentary, through dozens of interviews with experts including Former Treasury Secretary Robert Rubin, macro investor Ray Dalio and Former Chairman of the Joint Chiefs of Staff Mike Mullen, CNBC’s Leslie Picker explores what will happen if the deficit is not reined in.

Chapters:
0:00 Introduction
1:27 How we got here
4:17 Market fallout
9:45 Economic ripple effects
13:48 International implications

Reported by: Leslie Picker
Produced by: Ritika Shah
Edited by: Erin Black
Senior Managing Producer: Tala Hadavi
Camera: Magdalena Petrova, Carlos Waters, Natalie Rice, David Soltis, Leroy Jackson, Alex Bedoya, Mark Aster, Michael Luciano, Tyler Roth, Jordan Smith, Miles Ross, Tara McCurrie, Vincent Castaldo, Marco Mastrorilli, Erin Black
Animations: Jason Reginato, Emily Park, Virginia Davies
Production Support: Kathy Mavrikakis, Darren Geeter
Managing Editor: Lacy O’Toole
Senior Director of Video: Jeniece Pettitt

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How America’s Debt Spiral Could Spark the Next Crisis

The United States has a $27 trillion dollar problem. An addiction to government Debt and one which is growing by the day.

US Debt has grown by over 800% since 1990, accelerating its unfavourable title of having the largest debt by value in the world.

But does America’s Debt really matter? Well this depends on who you ask.
Ultimately its addiction to debt is a consequence of tax cuts, an ageing population, and how cheap it has become to borrow ever larger sums.

#USDebt #NationalDebt #GovernmentSpending

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?Recommended Reading:
Many have asked what we’d recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you’d just be supporting the Channel if you used them.

?”How Asia Works: Success and Failure”: https://geni.us/HowAsiaWorks
?”The Ascent of Money: A financial History of the world”: https://geni.us/TheAscentOfMoney
?”Debt: The First 5000 years”: https://geni.us/DebtTheFirst500Years
?The mic we use to record: https://geni.us/MicWeUse