What could happen if the U.S. Congress doesn't raise the debt ceiling and defaults on U.S. financial obligations. In this episode you’ll learn: Show Notes The Debt Limit: History and Recent Increases - D. Andrew Austin - Congressional Research Service U.S. Department of Treasury debt limit documents Debt Limit: Myth vs. Fact - U.S. Department of Treasury Here's What Happened the Last Time the U.S. Defaulted on Its Debt - Matthew O'Brien - The Atlantic The … [Read more...]
157: The Most Important Economic Question of Our Time
Why the likelihood of a future fiscal crisis sparked by the national debt depends on whether there is a limited or an unlimited supply of money. Is it possible the federal government's endless borrowing could crowd out the private sector and harm the economy? In this episode you’ll learn: Show Notes Congressional Budget Office 2017 Long-term Budget Outlook Going for Broke: Deficits, Debt, and the Entitlement Crisis - Michael D. Tanner Bernanke’s Paradox: Can He Reconcile … [Read more...]
153: Will Social Security Go Bankrupt?
Why Social Security will not collapse and the four actions government can take to make sure it won't. In this episode you'll learn: Show Notes Scathing New Report Shows Just How Bankrupt Social Security Really Is - Zero Hedge Social Security Administration Trust Fund Data Comparing CBO’s Long-Term Projections With Those of the Social Security Trustees CBO’s 2016 Long-Term Projections for Social Security: Additional Information Droids won’t steal your job; they could … [Read more...]
126: Where Federal Money Flows
Why cutting federal spending and trying to lower the national debt reduces household income and spending, potentially causing a recession. In this episode you'll learn: What does the U.S. federal government spend money on.How big is the U.S. national debt and who owns it.How most people receive more Social Security benefits than they paid into the system.What happens when interest costs becomes a larger portion of the federal budget.What are the levels of national debt and … [Read more...]
