America’s national debt is rapidly approaching $40 trillion, while the federal government is projected to spend roughly $7.4 trillion this fiscal year.
There is no pandemic, no economic depression, and no declared world war. Yet Washington continues operating as though the country is facing a permanent emergency.
In Episode 515, economist Jerry Robinson asks a basic question: What are Americans getting for all this money?
Social Security remains exposed. Healthcare consumes trillions while producing disappointing outcomes. Educational achievement is slipping. American families are under increasing financial pressure. Meanwhile, Washington continues finding money for wars of choice, foreign commitments, corporate subsidies, and politically connected interests.
Jerry argues that America’s central problem is not a lack of money. It is a crisis of priorities, stewardship, and accountability.
Later, in Market Insights, Jerry explains what the approaching $40 trillion debt burden could mean for Treasury yields, bonds, inflation, the U.S. dollar, gold, stocks, retirement income, and household financial planning.
In this episode:
- Why trillion-dollar deficits have become Washington’s normal operating model
- What the national debt reveals about America’s priorities
- The looming Social Security funding challenge
- Why America spends so much on healthcare but receives poor results
- The financial and moral costs of wars of choice
- What rising government debt could mean for interest rates
- Why gold and productive assets may matter in a debt-heavy era
- Practical steps households can take to prepare without panicking
The national debt is serious, but fear is not a financial plan. Stay informed, remain diversified, and keep your own financial priorities in order.
Visit FollowtheMoney.com for Jerry Robinson’s latest market insights, investing tools, trading education, and membership resources.
Disclaimer: This podcast is for educational purposes only and should not be considered personalized financial advice. Investing and trading involve risk, including possible loss of principal. Always do your own research and consult a qualified financial professional before making financial decisions.