Why Government Guarantees Create Hidden Debt

Episode 25 of The Fiscal Policy Podcast digs into the quiet machinery of government loan guarantees — the kind that back mortgages, student debt, and small business lending. Lucas and Luna trace the $2.3 trillion in contingent liabilities sitting off the US federal balance sheet, using the 2023 collapse of Silicon Valley Bank as a case study. They explain how the FDIC's deposit insurance fund works, why the Congressional Budget Office scores guarantees differently than direct spending, and what happens when a guarantee gets called. You'll learn why fiscal hawks call this 'the billion-dollar loophole' and why most voters never see it coming. A grounded, numbers-first conversation about the debt you didn't know you owed. #LoanGuarantees #ContingentLiabilities #FederalBudget #FDIC #SiliconValleyBank #DepositInsurance #CBO #HiddenDebt #FiscalPolicy #GovernmentSpending #StudentLoans #SmallBusinessLending #Economics #PublicFinance #BudgetTransparency #FexingoBusiness #BusinessPodcast #FiscalResponsibility Keep every episode free: buymeacoffee.com/fexingo