And why this could affect you very soon? So, if each American’s share of the national debt were physically represented in $1 bills, it would weigh approximately 234 pounds. Can you carry that much over your shoulder? If a new “Big Beautiful Tax Bill” were to be passed, especially one that significantly cuts taxes without… Continue reading On FACE THE NATION, “America is having problems Selling its Debt”

The U.S. government runs on a deficit when its spending exceeds its revenue. To continue operating with this shortfall, the government borrows money. Here’s a breakdown of how it works:   1. Understanding the Deficit 2. How the U.S. Borrows Money 3. The National Debt In simpler terms: Imagine the government as a household that… Continue reading How does America get money to continue to run on a deficit?