‘Middle-Class Squeeze’: U.S. Government Spending and Real Wages Are Under Pressure - E.J. Antoni

Jeremy Szafron, Anchor at Kitco News, sits down with E.J. Antoni, a public finance economist at the Heritage Foundation and senior fellow at Unleash Prosperity, to discuss the true state of the U.S. economy. Antoni offers his expert take on whether the recent GDP growth is sustainable or just future borrowing. This deep dive covers critical issues such as inflation’s real impact, the federal debt crisis, and the reliability of government-reported job data. From record-high consumer debt to labor market challenges, Antoni reveals the vulnerabilities that could derail the U.S. economy.

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00:00 - Introduction
01:16 - Is GDP Growth Sustainable or Borrowing from the Future?
03:41 - Consumer Spending: Resilience or Credit Dependency?
06:32 - Inflation Driven by Government Spending
09:54 - The Growing Threat of National Debt
12:47 - Can We Trust Government Job Data?
15:33 - Small Businesses and Regulatory Burdens
18:23 - Middle-Class Erosion and Real Wages
21:48 - Recession Indicators: Are We Already There?
24:35 - Long-Term Stagnation: Lessons from Japan

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