In this episode of Fiscally Savage we give you the full rundown of the US deficit, what it is, what controls it and what adds to it. We’ll also give you some harsh truths on the best ways to deal with it and how it really affects our lives.

 

0:00 - 1:10 - Introduction.

1:12 - 4:50 - Recap of the last episode.

4:51 - 7:47 - What the deficit is NOT.

7:48 - 10:03 - What you need to know in terms of the social security system.

10:03 - 14:53 - What part does Medicare play in this?

14:53 - 15:55 - The complications of health insurance for companies.

15:56 - 18:10 - The Koch Brothers study.

18:11 - 18:55 - The general fund.

18:55 - 19:48 - How the military routinely drives up the US deficit.

19:50 - 21:10 - Adult talk time, how do we get out of this?

21:11 - 24:34 - Tax cuts, do they work?

24:35 - 25:58 - Are the short term gains worth the long term effects?

25:58 - 28:05 - The Death Tax.

28:05 - 20:30 - The easiest way to deal with the deficit.

30:22 - 32:10 - How much debt is too much debt?

32:10 - END -  Wrap-up & Outros.