This podcast episode delves into the US budget deficit, exploring its historical background and the pivotal events that have influenced its development, including major crises and political choices. It compares the economic strategies of presidential candidates Trump and Harris, highlighting how their plans could shape the deficit. The discussion underscores the complexities and political hurdles involved in reducing the deficit. While the immediate effects may seem manageable, the episode warns that the long-term risks to economic stability and global standing require urgent attention and action.
