Dec 16th, 2020
Back for another episode, Professor Joe Calhoun joins us to provide perspective on the every growing US National Debt. We take a historic look at the annual debt and surplus since the early 1900's. As a % of debt to GDP, only in wary years has the % exceeded 10% ... until 2020 with the COVID-19 virus and economic shut-down. What a year 2020 has been. And, in 55 years, the US has incurred deficit spending in 51 of those years, thus only 4 years of surplus. Normally, this spells disaster. Will it lead to a financial crisis for the US?
Take a look and listen for the Professor's perspective and get his take on what he would do if he were in charge.
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