The Heat: US national debt | $40 trillion

The US national debt has reached historic levels, and it is continuing to grow at an alarming pace. It has now surpassed $40 trillion for the first time ever. And, this year Washington is on track to borrow $2 trillion dollars in order to pay for its obligations.

Why has it grown to this level and what sort of impact could it have for the US and the global economy? #US #debt #economy #heat

Host: Anand Naidoo

Guests:
Anthony Chan is former chief economist with JPMorgan Chase.
John Tamny is president of Parkview Institute and editor of RealClearMarkets.
Yan Liang is chair professor in economics at Willamette University.

00:00 US national debt surpasses $40 trillion
00:56 Why the US debt is growing so quickly
03:02 How tax cuts and government spending drive deficits
05:28 Can the US grow its way out of debt?
07:23 Why investors keep buying US Treasury bonds
08:34 How rising debt affects ordinary Americans
09:45 Could the US face a debt crisis?
11:50 How US debt affects investment and jobs
13:10 Why Trump promised to eliminate the national debt
14:12 Could China and Japan sell US Treasury debt?
15:00 How US debt could impact the global economy
15:38 Is the $40 trillion US debt a crisis?
17:50 What US debt means for China
19:02 Why Treasury yields are rising
21:28 Could US debt threaten the dollar?
22:52 Can economic growth reduce the US debt?
25:26 How Trump's tariffs affect the national debt
26:52 What should the US do about its debt?

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