Who is on this subjectordered by the date of their first quote here
3 of 4 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 2 Oct 2024 — a date, and nothing else. It is not a claim about who reached a view first.
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David Friedberg
6
2 Jul 2024 – 18 Mar 2026
-92 d
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Marc Rowan
1
thin
2 Oct 2024 – 2 Oct 2024
+0 d
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Brad Gerstner
1
thin
27 Nov 2024 – 27 Nov 2024
+56 d
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Scott Bessent
1
thin
20 Aug 2026 – 20 Aug 2026
+687 d
The chronologysourced and dated, oldest first
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David Friedberg
Friedberg states the US has $33 trillion national debt and a proposed $7 trillion budget next year.
“We are proposing the federal administration is proposing a $7,000,000,000,000 budget next year. We have $33,000,000,000,000 of national debt.”
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David Friedberg
Friedberg calculates refinancing half of U.S. debt at higher rates adds $300 billion in annual interest payments.
“And when that happens, you know, 2% increase in interest on $15,000,000,000,000 that's another $300,000,000,000 of interest payments a year.”
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David Friedberg
Friedberg argues politicians get elected by promising more benefits rather than cutting spending for fiscal sustainability.
“That's how people get elected in a democracy. They go to the voters, they say, here's what I'm going to give you.”
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Marc Rowan
Rowan warns $2 trillion peacetime deficits at full employment threaten capital availability for future needs.
“The direct the notion that we are spending 2,000,000,000,000 in excess of what we take in in peacetime with full employment does not bode well for the availability of capital to do what we need to do”
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Brad Gerstner
Gerstner calculates that 4.9% revenue growth would produce a $450B surplus by 2029.
“If we grew revenues at the same rate that we have for the last twenty years, right, starting next year, which is 4.9% per year CAGR for twenty years, we would end up with a $450,000,000,000 surplus in 2029.”
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David Friedberg
Friedberg cites California's $18B deficit and up to $1T pension shortfall alongside US $40T debt problem.
“That money has to come from somewhere. The United States is 40,000,000,000,000 in debt. We're burning 1,500,000,000,000, maybe 2,000,000,000,000 a year.”
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David Friedberg
Friedberg states US has $40 trillion debt, $2 trillion deficit, with $1 trillion just in interest payments.
“We have $40,000,000,000,000 of debt and we're gonna have a $2,000,000,000,000 deficit this year. A trillion dollars of that is just interest on the existing debt. That number is getting bigger and bigger every year.”
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David Friedberg
Friedberg warns Social Security projected to run out of money within five to ten years.
“A bunch of programs are gonna run out of money, including social security, which is projected to run out of money sometime between, call it five and ten years from now.”
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Scott Bessent
Bessent announces fiscal consolidation initiative from President Trump to be revealed end of week or early next week.
“We are the announcing probably at the end of this week, beginning of next week, an increased focus on fiscal consolidation. And, you know, it's the coming from president Trump.”
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