Warning to Businesses: Brace for Impact of U.S. Debt

Hard times are coming for the ship of state, says economic analysts Antony Davies and James R. Harrigan. As Congress raises the U.S. debt ceiling again, while the national debt and government overspending spiral past the bounds of reality, harsh outcomes loom on the economic horizon, they warn. How can businesses prepare to minimize the painful realities that could come sooner than preferred? Don’t miss Part 2 of this conversation on debt, inflation, and what’s showing in the lines of our national ledger.

Topics include:

2:28 - Debt ceiling, overspending, inflation 5:31- Social Security insolvent in 10 years 6:55 - What's your $20 worth? 8:00 - Could the U.S. default on its debt? 15:00 - Historic debt trends 16:37 - Constitutional concerns 18:53 – Is U.S. debt too high to pay off? 22:46 - Takeaway? We’re bankrupt 23:05 - Preparing for financial pains ahead 25:17 - Two blows to business in new tax plan 27:50 - Hope in the people's productivity

Resources:

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DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.