Making Money Minute with Ron Hiebert - Make America Solvent Again
MAGA stands for Make America Great Again, and is the rallying cry for all things Trump. But it is political theatre -a dream world. The US is a country that has 37 trillion in Federal Debt and another $100 trillion in unfunded liabilities like, Medicaid, Medicare and various pension plans. Their Federal government receives 5 trillion dollars in tax revenue each year, but overspends that number by 2 trillion dollars annually. In reality, America’s revenue is puny compared to its debt and social obligations. Before America becomes great again, they need to first think about MASA - Make America Solvent Again.
