Dan Bongino
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I want you to pay attention to this.
This is important.
Our government debt, both on and kind of off the books when it comes to entitlements, at our current GDP, we are de facto bankrupt.
At our current GDP levels.
We're never going to be able to pay it off.
Elon's correct with the math.
But he brings up an interesting point I've discussed with you many times.
I hope you remember.
that if we can bump our GDP growth up and give ourselves a national raise,
We can grow our way out of this.
Now it's not so much a race against the numbers, it's a race against time.
We have to get to this AI quantum revolution where we get to huge growth rates before that day of reckoning comes and people start to call into debt.
Here's Elon explaining exactly this point.
Check this out.
I want to just use a quick analogy on this.
If you were to buy a house and go into debt, like the United States is in debt, and the mortgage payments, you can only afford the interest payments every month, and then you start falling behind on that, the interest gets piled into the principal, which becomes additive as interest payments start to pile up because the interest is being added back to the principal.
You will never, ever be able to pay that house off unless what happens?
Unless you get a massive raise.
Elon is correct.
AI, quantum, massive growth productivity effects of that, which you're going to start to see filter into the economy.