Recently it was reported that the Federal deficit reached $134 Billion in October alone. The total now sits over $3 Trillion. The debt numbers are just absolutely skyrocketing, and it appears that literally nothing is being done about it. One could make the case that the stock market gains are significantly based on debt which means that it is not real. What’s wrong with this picture?
The Unsustainable Federal Debt
November 15, 2019 • Gary Dull, William Parker
The Jubilee Option: Just Forgive
December 13, 2019 • Sam Rohrer, William Parker
Elizabeth Warren has said that if elected, she’d cancel the $1.6 Billion of student debt. Bernie Sanders said he’d go even further and erase the entire $81 Billion in medical debt. In the Bible this concept is known as Jubilee. From a purely financial perspective, how would something like this actually work? Who would get stuck? Who wins?