Tag: US debt

Categories Shows

Honduran Democracy, Pete Buttigieg, Utah’s Mormon welfare

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When Xiomara Castro won the election in Honduras the other week, it was a repudiation of the 2009 US-backed coup that overthrew her husband, Manuel Zelaya. Naomi Karavani reports on the elections and what they mean for the global left. Castro’s husband had ruled as a centrist democrat. … Read More >Honduran Democracy, Pete Buttigieg, Utah’s Mormon welfare

Categories Shows

Myth of the debt ceiling, virtual learning profits, investing to change the world

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Lee Camp exposes the truth about our ‘debt ceiling’. It’s an arbitrary, completely meaningless ‘limit’ that our government invents. In fact, it’s not even a useful indicator for any economic stressor facing the country. It’s simply a tool used by the rich to enforce austerity that hurts the poor. … Read More >Myth of the debt ceiling, virtual learning profits, investing to change the world

Categories Business

US debt on track to double by 2051, putting economy at risk of fiscal crisis – Congressional Budget Office

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US federal debt is expected to double over the next three decades, warns the Congressional Budget Office (CBO). Debt will be equivalent to 202 percent of GDP by 2051, while this year’s debt is expected to be 102 percent. … Read More >US debt on track to double by 2051, putting economy at risk of fiscal crisis – Congressional Budget Office

Categories Business

US is BROKE – it’s a huge bubble economy completely supported by debt, says Peter Schiff

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One of the doctors advising Joe Biden on the coronavirus has said the US needs to impose a complete lockdown for four to six weeks as the government can just pay everybody. Peter Schiff says such a proposal is ridiculous. … Read More >US is BROKE – it’s a huge bubble economy completely supported by debt, says Peter Schiff