One of the reasons we are in the debt and deficit troubles we face now is because, over at least a century, we have shifted priorities from civil rights to economic rights. Both have always been important, but the idea that government must provide for economic “rights” has led us
This video shows one scenario to eliminate our $2 trillion annual deficits with a combination of spending and tax reform. This is just one scenario. You can play with the numbers using any AI program and see what you think. Perhaps you want more, or even only, spending cuts like
What would it take to cut our $2 trillion annual deficits without cutting any spending, but instead just by raising taxes? Following is one scenario, explained on video and with a chart that follows with the numbers quoted. This is not a policy recommendation. It is only meant to show
What if we balanced our $2 trillion U.S. Government deficit just by cutting programs? The chart below shows that the “easy” fixes only get us to about a quarter of the goal. Then we have no choice but to look at the biggest programs, including defense, programs for our veterans,
There’s a lot of talk and concern about Socialism coming to the USA. There seems to be a growing faction of people that want to change America into a Socialist model. But which model? This video explores 6 case studies of Socialism, four from Revolutionary Socialism, and two from Social
Please enjoy our most recent video explaining the U.S. Debt and Deficit.
The debate over deficits and debt in the United States is not short on ideas, but it is short on movement. Many citizens and elected officials are digging in their heals on positions where voters feel strongly and politicians face consequences for compromise. Each position has logic behind it, which
This article is an attempt to think through the federal deficit in stages, starting with the relatively lower-pain options before moving into the more difficult structural choices. (See a different approach that still arrives at similar conclusions here). The first tier discussed below focuses on reforms that could plausibly reduce
The conversation about U.S. debt often gets pulled into extremes—either dismissing it because the U.S. is still dominant, or treating it as an imminent collapse. China’s view is more disciplined than either of those. It does not expect the United States to fail suddenly. It does, however, see persistent deficits
The Pickle We Are In The United States is no longer making budget decisions on a blank slate. The country is operating inside a mature system with large, ongoing commitments and persistent deficits. Federal spending is roughly $6.5 to $6.8 trillion per year (and rising as you read this), while
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