I’m Alexander Heffner your host on The Open Mind. Today’s guest and I share a proud intergenerational bond and those of you who have watched this program know I succeeded in the moderator’s chair my grandfather who enjoyed his intellectual exchanges on the open mine with the father of my guest Michael A. Peterson whom
SO WHAT IS THE DEBT CEILING? In many months the US government spends more than it receives in taxes and other income. To make up this short fall it borrows money from the US Treasury. Who then issues IOUs called bonds, which are bought by investors. Since these bonds are backed by the US treasury
The federal debt. Is it a crisis that demands immediate attention? Should Congress make fixing the debt its top priority? Or have we made largely uncelebrated progress? Let’s look behind the headlines and see what’s really going on. First, the debt: the total amount of money the government has borrowed because it’s been spending more
10 Stunning Facts About The United States National Debt If you divide up the national debt equally among all U.S. taxpayers, each taxpayer would owe approximately $134,685. If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than
Hi I’m William Devane. And look at this. 17 and a half trilllion dollars in debt. And by tomorrow, it will have risen by another five hundred million. Now if that doesn’t concern you, it should. How do you get more control over your investments and retirement with debt like this racking up against you.
Imagine this cake is the federal budget. This huge section of the cake represents mandatory spending, and is automatically set aside when the budget is drafted each year. It pays for programs like Social Security and Medicare, and its amount cannot be altered without changes to federal laws. 50 years ago, mandatory spending accounted for
meet Uncle Sam he has a lot of bills to pay almost four trillion dollars worth every year Uncle Sam’s income is a little over two trillion dollars per year to make up the difference the deficit he does what most Americans do he borrows money, When uncle sam picks up a loan he calls
the federal debt is it a crisis that demands immediate attention should Congress make fixing the dead it's top priority or have we made largely uncelebrated progress let's look behind the headlines and see what's really going on first the debt the total amount of money the government has borrowed because it's been spending more