The U.S. cannot indefinitely run fiscal deficits above 6% of GDP without eventually facing real trouble; when spending on interest payments exceeds defense spending, a great power almost certainly has a problem coming
causalpending
Speaker
Larry SummersEvidence Quote
“The United States cannot run a fiscal deficit north of 6% of GDP indefinitely.”
Source
Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall Ferguson— University of Austin (UATX)Created: 8/11/2026, 6:52:24 AM
My Notes
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