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Episode 88: When Is This Year’s “Deficit Day”?

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Manage episode 219150363 series 1538847
Content provided by Words and Numbers, Antony Davies, and James R. Harrigan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Words and Numbers, Antony Davies, and James R. Harrigan 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://player.fm/legal.

Imagine, if you will, that the United States federal government somehow received all of the money it normally would for the entire year on January 1st. The day it would have spent it all and started deficit spending (that is, spending money it simply doesn’t have) could be dubbed “Deficit Day.” This year, 2018, that day falls on October 19th. From this day until the end of the year, the US Federal Government is spending money it doesn’t have to the tune of about $11 billion per day. So what does that mean for the government? What does that mean for the people? Join Antony Davies and James Harrigan as they dive into this and more on this week’s episode of Words & Numbers

Show Notes:

Trump administration stifles free speech

Foolishness of the Week

Government regulating pizza toppings

Topic of the Week: Deficit Day

Congressional Budget Office projections

Federal receipts and outlays over time

Interest rate on the federal debt

Student loan debt statistics

Flemming v. Nestor (1960): You do not have an earned right to Social Security benefits

Helvering v. Davis (1937): Social Security taxes are part of the general revenue

Join the Conversation

Antony Davies on Twitter

James R. Harrigan on Twitter

Words & Numbers Backstage

  continue reading

468 episodes

Artwork
iconShare
 
Manage episode 219150363 series 1538847
Content provided by Words and Numbers, Antony Davies, and James R. Harrigan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Words and Numbers, Antony Davies, and James R. Harrigan 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://player.fm/legal.

Imagine, if you will, that the United States federal government somehow received all of the money it normally would for the entire year on January 1st. The day it would have spent it all and started deficit spending (that is, spending money it simply doesn’t have) could be dubbed “Deficit Day.” This year, 2018, that day falls on October 19th. From this day until the end of the year, the US Federal Government is spending money it doesn’t have to the tune of about $11 billion per day. So what does that mean for the government? What does that mean for the people? Join Antony Davies and James Harrigan as they dive into this and more on this week’s episode of Words & Numbers

Show Notes:

Trump administration stifles free speech

Foolishness of the Week

Government regulating pizza toppings

Topic of the Week: Deficit Day

Congressional Budget Office projections

Federal receipts and outlays over time

Interest rate on the federal debt

Student loan debt statistics

Flemming v. Nestor (1960): You do not have an earned right to Social Security benefits

Helvering v. Davis (1937): Social Security taxes are part of the general revenue

Join the Conversation

Antony Davies on Twitter

James R. Harrigan on Twitter

Words & Numbers Backstage

  continue reading

468 episodes

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