This clip addresses the growing concern over the $36 trillion national debt, with Dave Ramsey providing his viewpoint. Despite fears of economic collapse, Ramsey argues that while the debt is worrisome, it won't crash the economy soon. He explains that government debt funding through treasury bonds can hinder economic growth and that interest payments take a significant portion of the federal budget. Nevertheless, Ramsey remains confident in the stock market as a safe investment option. His advice is to stay informed, avoid panic, and make smart investment choices, emphasizing that fear does not build a future, but smart decisions do.
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00:00National debt. 36 trillion dollars and counting. It's a number so big it feels
00:04overwhelming. Some say it's the start of an economic collapse, but Dave Ramsey
00:08disagrees. For decades, predictions of an economic end of the world have come and
00:13gone. Ramsey says, yes, the debt is a concern, but no, it's not crashing the
00:18economy anytime soon. The government funds debt by selling
00:21Treasury bonds, but what if that money went into businesses instead? Ramsey
00:25explains, it's like stealing growth from the economy. And the interest payments?
00:29They're eating up a big chunk of the federal budget. Still, Ramsey believes in
00:34the stock market. It's not perfect, he says, but it's a safe place to invest. So
00:38what's the takeaway? Stay informed, don't panic, and invest wisely. Dave Ramsey
00:43reminds us, fear doesn't build a future, smart choices do.