Why cutting federal spending and trying to lower the national debt reduces household income and spending, potentially causing a recession. Photo by Julie Macey 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 … [Read more...]