US owes more than it earns
US inflation is at a 40 year high. The countrys national debt tops $30 Trillion for the first time as borrowing surged amid the pandemic.
With debts at an all time high, military spending has not been reduced but increased, demonstrating the utter disregard of politicians for the economic effects it has on ordinary Americans. The US controls about 750 military bases in more than 80 countries around the world, meddling in other countries affairs, while the cost of food, housing, gasoline, utilities and other goods rose by 7.5% over the past year.
In this episode we will discuss rising costs in the United States. Why has inflation risen so much? What is the meaning of the increase in the countrys national debt? Can the United States still afford to keep its 750 military bases abroad? Who is paying the price for the astronomical expenditure on the military and who is gaining from it?
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