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:

1. There are 2 potential ways to balance the US Budget
2. Soon the US will be spending more on interest than we spend on national defense
3. The math doesn’t work out to only raise taxes on the wealthy
   
   
   

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