Tag: Government

WARNING: The IRS is Calling to Collect Tax Debt!

Hey guys, I’m Danielle from the Sacramento Better Business Bureau and this is Torch Talk. If you owe money to the IRS or if you think you might: this is for you so listen up! So remember all those times that we told you that the IRS won’t call you and that they usually contact […]

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Helicopter Money in Singapore

Welcome, welcome to One Minute Crypto! I’m your host, Chronos, and today, helicopter money is finally here. The phrase refers to dropping free money out of the sky; it was first coined by Milton Friedman in 1969, when he wrote about dropping money from a helicopter to illustrate the effects of monetary expansion. Printing money […]

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Dead Dollar Walking: The Truth About Government Debt

Hi everybody, this is Stefan Molyneux from Freedomain Radio. Hope you’re doing well. As I’ve been saying for six or seven years, there will be no economic recovery. Please prepare yourselves accordingly with the latest data from 2014. This is… The Truth About Government Debt So at the start of the financial crisis, in 2007, […]

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U.S. Economy 101: national debt vs. national deficit | Just The FAQs

– You’ve probably heard that the U.S. government has a giant deficit. Well, it’s true. But what exactly is a deficit, and how is it different from debt? Deficit is defined as an annual difference between government spending and government revenue. Every year, the government takes in money in the form of taxes and other […]

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How Can the US Keep a Trillion Dollar Debt?

If you look at countries with the most debt compared to their GDP the USA is not top of the list, and we could say that’s a good thing for the country. That’s because when it seems that a country is unable to pay the money back it could lead to panic and hamper economic […]

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Footnote * from “The Debt Ceiling Explained”

The President can veto Congress’ budget, but Congress, with enough votes, can override that veto. So while negotiations may happen between the two branches if Congress can’t get enough votes to override a veto, ultimately the responsibility for government spending lies with Congress. They alone have the power to specify taxes and spending, while the […]

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10 Stunning Facts About The United States National Debt

10 Stunning Facts About The United States National Debt If you divide up the national debt equally among all U.S. taxpayers, each taxpayer would owe approximately $134,685. If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than […]

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Deficits & Debts: Crash Course Economics #9

Hi, I’m Adrienne Hill. And I’m Jacob Clifford, and welcome to Crash Course Economics. What’s wrong with you? Today we’re talking about deficits and debt. [Theme Music] You’ve probably heard a lot about the national debt, so what is it and where does it come from and is it a problem, and most importantly, should […]

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The Debt Limit Explained

The debt limit is kind of a financial weapon of mass destruction chained to the United States government by the United States government. Confused? Then it’s time for The United States debt limit Explained. To understand the debt limit you need to know the US splits financial responsibility between the president and congress. The president […]

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Understanding America’s Debt Problem

Good morning Hank, it’s Wednesday. We seem to have found ourselves in something of a debt crisis, and by we I don’t mean like, the vlogbrothers, I mean, like, the planet. I’ve already talked about sovereign debt problems in Europe; today I want to talk about the purported American debt crisis. But first let me […]

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