Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
Today, you've got $32 trillion worth of debt, so it's overleveraged or it's highly leveraged and the leverage is only increasing. We're losing money, i.e. revenues aren't covering expenses. The cost of our debt is going up as interest rates have gone up and the debt has to be rolled over. We have enormous administrative bloat in the country.
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