America's Debt Problem Is Already Hurting You | Lyn Alden
https://www.youtube.com/watch?v=HiQ5P1wKmMA
Language: en | ASR: large-v3-turbo @ 0a363e9161cbc7ed1431c9597a8ceaf0c4f78fcf

[00:00:00.000 --> 00:00:04.780] Speaker 1: When does the debt matter? My answer is it has been mattering. It's not the moment a bond
[00:00:04.780 --> 00:00:09.100] Speaker 1: auction failed or something crazy because that's not the point here. The point is that when
[00:00:09.100 --> 00:00:13.380] Speaker 1: you have these really structural fiscal deficits, there are recipients on some sides of
[00:00:13.380 --> 00:00:16.560] Speaker 1: them and then there are others that are not on recipients but they're kind of paying the
[00:00:16.560 --> 00:00:20.940] Speaker 1: cost. For example, higher rates and a new family looking to buy their first home, they're
[00:00:20.940 --> 00:00:24.620] Speaker 1: kind of indirectly paying the cost or some of the costs for these deficits. That's where
[00:00:24.620 --> 00:00:28.060] Speaker 1: you get, for example, record high stock prices and record low consumer sentiment.