Unlocking Hidden Goldmines: Why Now Is the Perfect Time to Dive Headfirst Into Multifamily Investments (We’ve Already Started)
Speaker 3:
That’s
Dave:
One thing. But the main thing is really the debt. And I think you and I have talked about this before, but the US debt is not an acute issue. It’s not like we’re going to default next week, but it is just this long simmering issue because more and more of the US budget is getting consumed by our interest payments. It used to be a couple of years ago, it was like 7%. Now it’s 18%. That’s crazy. Almost one out of every five tax dollars that comes into the United States goes out towards debt and we’re actually even taking out more debt to pay for some of our debt. And so there’s only two ways that this goes. There is austerity measures where we cut spending, increase taxes or some combination of the two and get the debt.
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