Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight and encouragement you need,

to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

My name is Josh Rashitz, I'm your host today. We are going to discuss something fun.

National Debt. Five years ago, I released a couple of podcasts.

Popcasts episodes 628 called Federal Debt the

ticking bomb that no one is willing to diffuse and number 629 in in-depth version, federal debt, the ticking bomb that no one is willing to diffuse.

And in those podcasts, I gave, especially in 629, the in-depth version, I gave an extensive

detailed discussion of all of the factors affecting the U.S US national fiscal situation. The growing debt, the

never-ending deficit, we went through all the details and sorry all of the numbers in painful detail. We talked about how all of the things that people talk about this, hey, there's some easy solution that will have strong economic growth is nonsense that we could just

inflate the debt away nonsense low interest rates you know we're gonna keep

the interest rates low nonsense immigration let's fix it nonsense nonsense, all the conservative fantasies, we talked about how, hey, let's have a pro-growth tax policy.

And we said that federal programs are growing a 66 or 7% annually, so you have to exceed that in order to do some kind of deficit

reduction.

We talked about the conservative fantasy of hey let's eliminate welfare and lower priority

spending we talked about how deep the cuts would have to be,

it's just laughably deep,

the delusion to think that that could be,

that could happen.

Impossible tight spending caps, devolution to state governments, and we talked about the

liberal fantasies, let's just tax the rich.

And we talked about what would happen if you had 100% percent tax on all income over five hundred

thousand dollars we talked about the delusions of saying hey let's do deep

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