podcast
RetireReady Episode 006: The Debt Ceiling and What it Means for Americans
The Debt Ceiling has been a hot topic for most of the year, with Congress raising the limit again in June, America now has over $32 TRILLION dollars in debt. David and Aaron Jones talk about what this means for hardworking Americans and the impact it could have on their savings and their retirement.
Key Takeaways:
- There are 2 potential ways to balance the US Budget
- Soon the US will be spending more on interest than we spend on national defense
- The math doesn’t work out to only raise taxes on the wealthy
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