With federal debt surpassing $40 trillion and debt held by the public reaching 100% of GDP, how did the U.S. arrive at this point, and what are the implications for taxpayers, investors, and policymakers?

In this episode of Hilltop Talks, HilltopSecurities’ Tom Kozlik sits down with Marc Goldwein, Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget, to discuss the nation’s fiscal outlook and the growing cost of financing America’s future.

Key questions discussed:

• How do rising deficits and debt affect inflation, interest rates, and economic growth?
• What risks are associated with a potential federal debt spiral?
• Why are Social Security and Medicare financing challenges becoming more urgent?
• What policy options could put the nation’s fiscal trajectory on a more sustainable path?