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We write a lot about the US government’s dismal financial condition— $36.2 trillion in debt, $1.1 trillion in annual interest expenses, and a $1.8 trillion annual deficit. But in today’s podcast we take a closer look at the numbers and the government’s actual balance sheet as if it were a
On February 27, 2009 the global financial crisis had been raging for five long months. Many of us remember it like it was yesterday. Entire economies were ravaged. Some of the world’s largest businesses failed. Others only survived thanks to unprecedented government bailouts. Unemployment surged. Countless people lost their homes.
I want to present two choices for you to pick from. One is a world leader who was recently sued by a transgender prison inmate who felt that this person’s recent executive order was unfair. The second is another world leader who has suspended elections, forcibly presses people into the
On July 1, 1862, with the Civil War still raging across America, US President Abraham Lincoln signed the “Pacific Railroad Act” into law to establish the nation’s first transcontinental railroad. Lincoln felt that the massive infrastructure project would be critical to support the war effort and stabilize the US economy.
Last summer, the Federal Reserve wanted you to believe that inflation was a thing of the past. Sure, just about every category of consumer goods had increased in price. Electricity rates had increased 5% year over year. Rent and housing costs were up 5%. Hospital care had become 6% more
In the more than four decades since the Department of Education was created in 1979, it has spent literally TRILLIONS of dollars, presumably to make America’s youth smarter and more competitive. But what’s been the result? Well, just take a look at the National Center for Education Statistics’ (NCES) long-term
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