US government spending

also referred to as: u.s. government spending

6 statements across 6 episodes · 0 bullish · 5 bearish · 2 people on the record · first statement Oct 2, 2021 by David Sacks · across every show →

Everything said about US government spending, oldest first

Oct 2, 2021 negative
Insight
Sachs: Government spending exceeding 20% of GDP destabilizes the economy
“My theory on this is that if you have government spending as a, you know, share of the economy at around 20% from a tax and spending standpoint, things basically work, ok? But as you try to go up to 25 and 30%, it starts to break.”
David Sacks Oct 2, 2021 ▶ 47:40 E49: Coinbase CEO reflects on controversial blog, state of the markets, 1000 unicorns & more
Aug 23, 2024 bearish
Opinion
Sacks: US economy is shaky and propped up by $2T deficits
“The economy is a little bit shaky, and it's being propped up by massive amounts of government spending, like we talked about on a previous episode. We're running unsustainably high levels of deficit and debt. We're running, what, two trillion dollar a year def…”
David Sacks Aug 23, 2024 ▶ 14:17 Massive jobs revision, Kamala wealth tax, polls vs prediction markets, end of race-based admissions
Nov 1, 2024 bearish
Prediction Not checkable as stated
Friedberg: Cutting US spending will cause recession, inflation, and unemployment spike
“I think the only path is you have to cut spending, which is recessionary, government spending, which is recessionary, so you're gonna trigger an economic recession, you're gonna have to have some amount of inflation, and you're gonna have to have a spike in un…”
David Friedberg Nov 1, 2024 ▶ 26:00 Inflated GDP?, Google earnings, How the media lost trust, Rogan/Trump search controversy, Election!
Dec 31, 2025 bearish
Prediction Open · timeframe Dec 2026
Friedberg: Investigations will uncover trillions in fraudulent government spending by 2026
“I think that's gonna be the great uncovering of twenty-twenty-six is we're gonna see on the order of trillions of dollars.”
David Friedberg Dec 31, 2025 ▶ 52:02 Massive Somali Fraud in Minnesota with Nick Shirley, California Asset Seizure, $20B Groq-Nvidia Deal
Jun 13, 2026 negative
Insight
Friedberg: Wealth inequality and inflation both stem from excess government spending
“The core problem with wealth inequality in this country, the core problem with inflation in this country, the core problem, all of it roots back to excess government spending. End of story.”
David Friedberg Jun 13, 2026 ▶ 1:07:52 Anthropic's Fable Backlash, Nationalizing AI, Inflation Heats Up & California’s Broken Elections
Aug 21, 2026 neutral
Assertion Supported
Friedberg: 10% tax on $50M+ individuals funds only 3 months of spending
“The total net worth of all people that are worth over fifty million dollars is only 23 trillion. You could take 10% of their net worth and it would only cover three months of fiscal spending, today's fiscal spending.”
David Friedberg Aug 21, 2026 ▶ 1:24:01 Dario Defends Himself, Datacenter Panic, AI Doomer Trap, Senate Toss-Up
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