Ep. 108 – America's Budget Deficit 101

Ep. 108 – America's Budget Deficit 101

The deficit. The debt. What are they and aren't they the same thing? To be concise, the debt is the total of the yearly deficit our country runs yearly between tax revenue and debt and no, they are not the same thing. Did you know the President is supposed to submit a budget to congress to approve? Instead, Congress tends to pass short-term spending bills that more often than not are politically motivated. And what is the result of that? Over the last 62 years, we have had a national deficit for 58 of those years and a surplus, when tax revenue is higher than spending, only 4 of those years? We have so much debt right now that we currently spend 7% of our annual spending just to pay the interest on the the total debt our country holds. Join our panel and special guest, Dr. Ivan Pongracic from Hillsdale College and we further examine the effects of continued deficit spending.

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Episoder(330)

Ep. 322 | Constitutional Chats Podcast | Eric Patterson | The Declaration, the Constitution & the Lessons of Communism

Ep. 322 | Constitutional Chats Podcast | Eric Patterson | The Declaration, the Constitution & the Lessons of Communism

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Ep. 321 | Constitutional Chats Podcast | Dan Mahoney | Madison vs. Marx: The Slippery Slope of Socialism to Authoritarian Rule

Ep. 321 | Constitutional Chats Podcast | Dan Mahoney | Madison vs. Marx: The Slippery Slope of Socialism to Authoritarian Rule

Today, we contrast the political philosophies of two of history's most influential thinkers: James Madison and Karl Marx.  Their core philosophies could not be more different. Madison believed concent...

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Ep. 321 | Constitutional Chats Podcast | Dan Mahoney | Madison vs. Marx: The Slippery Slope of Socialism to Authoritarian Rule

Ep. 321 | Constitutional Chats Podcast | Dan Mahoney | Madison vs. Marx: The Slippery Slope of Socialism to Authoritarian Rule

Today, we contrast the political philosophies of two of history's most influential thinkers: James Madison and Karl Marx.  Their core philosophies could not be more different. Madison believed concent...

3 Okt 1h 1min

Ep. 320 | Constitutional Chats Podcast | Denisa Traboini | From Albania to Freedom: A Firsthand Account of Communist Rule with Denisa Traboini

Ep. 320 | Constitutional Chats Podcast | Denisa Traboini | From Albania to Freedom: A Firsthand Account of Communist Rule with Denisa Traboini

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25 Sep 59min

Ep. 319 | Constitutional Chats Podcast | Timothy Sandefur | The Constitution vs. Socialism: America's Built-In Safeguards

Ep. 319 | Constitutional Chats Podcast | Timothy Sandefur | The Constitution vs. Socialism: America's Built-In Safeguards

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19 Sep 53min

Ep. 318 | Constitutional Chats Podcast | Shruti Rajagopalan | What Happens When a Country Tries Socialism

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Socialism sounds good in theory — but what does it look like in practice? From centralized economic policies to government control over markets and private enterprise, our guest today explores the rea...

12 Sep 57min

Ep. 317 | Constitutional Chats Podcast |  Lawrence W. Reed | What Is Socialism?

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4 Sep 57min

Ep. 316 | Constitutional Chats Podcast | Matthew Skic | The Declaration's Journey: 250 Years of America's Founding Document

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28 Aug 51min

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