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This week's featured article is "Why Did Americans Stop Caring About the National Debt?" by Brian Riedl. This audio was generated using AI trained on the voice of Katherine Mangu-Ward. Music credits: "Deep in Thought" by CTRL and "Sunsettling" by Man with Roses The post <I>The Best of Reason</I>: Why Did Americans Stop Caring About the National Debt? appeared first on Reason.com.
Reason
Scroll down to see how big the national debt may get over the next few decades, and then read about how we got here. When President Joe Biden delivered his 2023 State of the Union address, Washington was drowning in a sea of red ink. The annual budget deficit was in the process of doubling from $1 trillion to $2 trillion in a single year due to some student-debt cancellation shenanigans. That year's budget deficit would become the largest share of gross domestic product (GDP) in American history outside of wars and recessions. Economists at the Congressional Budget Office (CBO) and across the ...
Reason
In this week's The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman lament the latest dire forecast from the Congressional Budget Office (CBO) last week forecasting a $2 trillion budget deficit in 2024. 02:31—$2 trillion federal budget deficit 21:17— Joe Biden vs. Donald Trump on immigration 37:02—Weekly Listener Question 46:23—Revisiting Anthony Fauci and COVID-19 origins 55:18—This week's cultural recommendations Mentioned in this podcast: "Federal Budget Deficit Forecast Jumps $400 Billion, Fueled by Student Debt Forgiveness," by Emma Camp "The...
Reason
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