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The U.S. Government is Not Going Bankrupt
Manage episode 421148712 series 3262460
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Do you believe the U.S. government is going bankrupt?
It's becoming more of a common question as our national debt levels have ballooned to epic proportions. It might even conjure up emotions of fear if you listen to mainstream media sources.
However, if we go beyond the headlines, we will find that the U.S. is not going bankrupt, and we should likely be thankful for the wealth we have created in part from our increase in national debt.
I call on my friend and economic expert Cullen Roche's writing to help us see that America's fiscal health is far from critical. Why the government, with its monetary might and 'printing press' capability as seen during the COVID crisis, cannot go bankrupt like a typical household.
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