Part 5/9:
Mark drew attention to the staggering increase in U.S. federal debt from less than a trillion dollars in 1980 to over $36 trillion today. He argued that this excessive borrowing leads to unsustainable fiscal policies and funding dilemmas. He asserted that while nominal GDP growth may appear healthy, the true economic condition is far bleaker, with growing portions of the populace becoming worse off due to rising costs outpacing wage increases.