Hence it's really difficult to talk about in the here and now and get people to understand the urgency. But I don't even think you really have to argue it. You can look around the world to see what happens to some countries when their debt to GDP ratios get out of control and their economy slows too much. And then coupled with a series of global and national disasters, they suffer collapse. And just because we're as big as we are and as powerful as we are doesn't mean that it could not happen here. (01:57–02:07)
CLAIM
Asserts that high debt-to-GDP ratios can lead to economic collapse, as seen in other countries.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
