Scott Galloway

And if you get a good rating and you say, you know what, let's not borrow as much money, let's borrow less such that our multiple, our debt to call it EBITDA ratio is a little bit lower and we get a better credit rating and we can borrow money at a lower cost, meaning that the interest on that debt is not as big so we can make more investments in forward-leaning growth-related investments.

And if you get a good rating and you say, you know what, let's not borrow as much money, let's borrow less such that our multiple, our debt to call it EBITDA ratio is a little bit lower and we get a better credit rating and we can borrow money at a lower cost, meaning that the interest on that debt is not as big so we can make more investments in forward-leaning growth-related investments.

And oftentimes, if you get to a point where you keep borrowing more and more money and then start borrowing money to pay the debt, which we are doing now, it causes a downward spiral where at some point you begin to look like a Donald Trump enterprise where he's done the following. I'll borrow money from anyone who's stupid enough to loan me money from my casino.

And oftentimes, if you get to a point where you keep borrowing more and more money and then start borrowing money to pay the debt, which we are doing now, it causes a downward spiral where at some point you begin to look like a Donald Trump enterprise where he's done the following. I'll borrow money from anyone who's stupid enough to loan me money from my casino.

And oftentimes, if you get to a point where you keep borrowing more and more money and then start borrowing money to pay the debt, which we are doing now, it causes a downward spiral where at some point you begin to look like a Donald Trump enterprise where he's done the following. I'll borrow money from anyone who's stupid enough to loan me money from my casino.

And if it works out and all the projections hit, I can pay it back and make a lot of money. And if it doesn't work out, I'll just declare default. Okay, declaring default in the United States would be really bad for all of us. I mean, people, I can't even imagine what might happen. You might see ATM stop working.

And if it works out and all the projections hit, I can pay it back and make a lot of money. And if it doesn't work out, I'll just declare default. Okay, declaring default in the United States would be really bad for all of us. I mean, people, I can't even imagine what might happen. You might see ATM stop working.

And if it works out and all the projections hit, I can pay it back and make a lot of money. And if it doesn't work out, I'll just declare default. Okay, declaring default in the United States would be really bad for all of us. I mean, people, I can't even imagine what might happen. You might see ATM stop working.

And so essentially what has happened here is the third and final agency of the big three has said, our ability to pay back our debt based on the reckless fiscal policy, our reckless spending and inability to raise taxes or raise revenues means that we are now a larger risk than we were just last year.

And so essentially what has happened here is the third and final agency of the big three has said, our ability to pay back our debt based on the reckless fiscal policy, our reckless spending and inability to raise taxes or raise revenues means that we are now a larger risk than we were just last year.

And so essentially what has happened here is the third and final agency of the big three has said, our ability to pay back our debt based on the reckless fiscal policy, our reckless spending and inability to raise taxes or raise revenues means that we are now a larger risk than we were just last year.

And as a result, every American is going to have to pay more on their student loans, their credit cards, on their mortgages, and companies will likely have to pay more, meaning we will have less money to invest and grow. This is a big deal.

And as a result, every American is going to have to pay more on their student loans, their credit cards, on their mortgages, and companies will likely have to pay more, meaning we will have less money to invest and grow. This is a big deal.

And as a result, every American is going to have to pay more on their student loans, their credit cards, on their mortgages, and companies will likely have to pay more, meaning we will have less money to invest and grow. This is a big deal.

But the deficits here, they're talking about adding $4.5 trillion to the deficits. And again, see above catering to old people in America. They're not cutting Social Security. They're not cutting Medicare for old people because even old rich people like their Medicare, they're cutting Medicaid. Supposedly about 8 million people are going to lose their Medicaid.

But the deficits here, they're talking about adding $4.5 trillion to the deficits. And again, see above catering to old people in America. They're not cutting Social Security. They're not cutting Medicare for old people because even old rich people like their Medicare, they're cutting Medicaid. Supposedly about 8 million people are going to lose their Medicaid.

But the deficits here, they're talking about adding $4.5 trillion to the deficits. And again, see above catering to old people in America. They're not cutting Social Security. They're not cutting Medicare for old people because even old rich people like their Medicare, they're cutting Medicaid. Supposedly about 8 million people are going to lose their Medicaid.

So young people will have a sicker populace. They're cutting SNAP payments, which by the way, show a 2% to 7% return on investment as little kids don't grow up to have diabetes, need hip replacements and kidney dialysis. So let's cut. It's as if we're literally in a movie here. In America is Nicolas Cage and leaving Las Vegas. And he's thought,

So young people will have a sicker populace. They're cutting SNAP payments, which by the way, show a 2% to 7% return on investment as little kids don't grow up to have diabetes, need hip replacements and kidney dialysis. So let's cut. It's as if we're literally in a movie here. In America is Nicolas Cage and leaving Las Vegas. And he's thought,

So young people will have a sicker populace. They're cutting SNAP payments, which by the way, show a 2% to 7% return on investment as little kids don't grow up to have diabetes, need hip replacements and kidney dialysis. So let's cut. It's as if we're literally in a movie here. In America is Nicolas Cage and leaving Las Vegas. And he's thought,