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The U.S. is in the Hole. Will We Stop Digging?

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Manage episode 487915424 series 3653807
Content provided by Kathryn Anne Edwards and Robin Rauzi, Kathryn Anne Edwards, and Robin Rauzi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kathryn Anne Edwards and Robin Rauzi, Kathryn Anne Edwards, and Robin Rauzi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

The national debt is $36 trillion — a panic-inducing big number. So maybe it will help to understand how the U.S. ran up that debt. We’ve blown 37% of it on tax cuts, with precious little to show for that. But 28% went to stabilize the economy during two major crises (in ’08-’09 and during the COVID pandemic), which is when you do want the federal government to pull out its credit card. Good news is we don’t have to get the debt to zero. We just need to get pointed in that direction. And for listeners who’ve been waiting for Kathryn Edwards to discuss MMT (Modern Monetary Theory), your moment has come.

✨ Support the Optimist Economy podcast at: https://optimisteconomy.substack.com/subscribe or https://buymeacoffee.com/optimisteconomy

Complete show notes with links to articles and data at optimisteconomy.com.

You can also find Optimist Economy on:

  continue reading

19 episodes

Artwork
iconShare
 
Manage episode 487915424 series 3653807
Content provided by Kathryn Anne Edwards and Robin Rauzi, Kathryn Anne Edwards, and Robin Rauzi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kathryn Anne Edwards and Robin Rauzi, Kathryn Anne Edwards, and Robin Rauzi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

The national debt is $36 trillion — a panic-inducing big number. So maybe it will help to understand how the U.S. ran up that debt. We’ve blown 37% of it on tax cuts, with precious little to show for that. But 28% went to stabilize the economy during two major crises (in ’08-’09 and during the COVID pandemic), which is when you do want the federal government to pull out its credit card. Good news is we don’t have to get the debt to zero. We just need to get pointed in that direction. And for listeners who’ve been waiting for Kathryn Edwards to discuss MMT (Modern Monetary Theory), your moment has come.

✨ Support the Optimist Economy podcast at: https://optimisteconomy.substack.com/subscribe or https://buymeacoffee.com/optimisteconomy

Complete show notes with links to articles and data at optimisteconomy.com.

You can also find Optimist Economy on:

  continue reading

19 episodes

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