US government debt

“Biden's six trillion dollar budget would increase our budget debt, our debt from a hundred percent of GDP to a 117% if he gets his way.”

“The Fed is now saying that they're projecting two to three rate increases next year. So let's call that 75 basis points. Multiply that by the close to 30 trillion of government debt that you're talking about, Jason. That's about a hundred and fifty billion a y…”

“So you go back to last year, the Fed bought 54% of the government's debt, despite the fact That the economy was growing at like five percent GDP, that it was bouncing back really strongly from COVID, that you had the stock market at all time highs, and yet the…”

“And the thing that Yellen and Biden did, which in hindsight now was extremely dangerous, is they issued so much short term paper that in totality, we have 10 trillion dollars we need to finance in the next six to nine months.”