USA Debt: Do Taxes Cover it?

Porkopolis Economics: Episode 118

Show Sponsors: trezor.io

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Porkopolis Economics covers macroeconomics, money, and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis.

Continuing our series on the United States National Debt. The U.S. debt is constantly on the news both worldwide and in the country but how exactly did we get from $70 million to $34.6 trillion? We will look at debt, the increase in debt, taxes that are raised to fight off the debt, and the money that is printed during this time.

Contents
00:24 Recap of Last Video
01:34 Understanding Tax Receipts
03:45 Inserting Taxes Into the Chart
05:39 Peak Production Within the U.S.
05:56 Show Sponsor - Trezor
07:20 Taxes in the Mid 90s to Late 90s
08:35 Present-Day Debt and Tax Receipts
10:05 Inserting the Deficit
12:47 Understanding the Volatile Data
13:14 Closing Thoughts

Host: Matthew Mezinskis
https://porkopolis.io
https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.