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International Business Times
International Business Times
Isaiah McCall

America is $38 Trillion Dollars in Debt. As an Entrepreneur, I Know How to Wipe It Out

Visionary Voices, presented by International Business Times (Credit: IBT)

When we sat down with entrepreneur Mitch Francis, author of "BAD-ASS SOLUTIONS: For Today's BIG-ASS Problems," we were expecting polite deficit talk or another PowerPoint solution. What we got instead was a blunt thesis: "the United States is the most valuable corporation on Earth," and it should start acting like one.

America's national debt now sits around $38T, growing by more than $1T every 100 days. According to FRED data, annual net interest payments have overtaken defense spending, quietly becoming one of the largest line items in the federal budget. Francis sees that not as a looming crisis, but as a failure of imagination.

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