Graham Stephan: GDP will rise

The window it was checked over

Real GDP: U.S. Bureau of Economic Analysis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

quietly reset the like button and subscribe if you haven't done that already. Yes, I get it. It's dumb to ask, but it helps out tremendously. And as a thank you for doing that, here's a picture of a $10 bill. So, thanks so much. And also, big thank you to Incognito for sponsoring this video. But, more on that later. All right. So, in terms of where this starts and how bad things are actually getting, let's talk about the ultimate boogeyman. And that would be the national debt. For those unaware, as it stands right now, the United States currently owes almost $40 trillion. It's on pace to reach $50 trillion by 2030. And it's increasing at a rate of $6 billion every single day. However, the debt by itself isn't actually the biggest problem. Instead, it's the interest we pay. See, for the longest time, the United States was able to borrow an absurd amount of money because interest rates were low. It was almost like borrowing for free. But then all of a sudden, inflation increased. Interest rates went up. And now all of a sudden, the United States is paying 4 to 5% interest on almost $40 trillion, leading some people to recognize what's called the debt spiral. In this case, the thinking

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