We’ve hit the 80s and Reagan’s low tax and defence spending have contributed to the America’s worst foreign debt in history. It turns out the US has consistently been in debt, so why does this time matter? Well, because they’re borrowing heavily from the Japanese, and have turned from creditors to creditees. It leads to the deindustrialisation of the Midwest ... Show More
Jun 2023
China's Under Martial Law
It’s the penultimate episode, and Billy’s taken us back to China to talk about the 1989 Tiananmen Square protests, and the massacre that followed. In classic To this day, discussion of the events are strictly censored in China but in this episode we’ll explore it all. What happen ... Show More
1h 1m
Nov 2021
Can We Defuse America's Impending Debt Bomb?
America has a bad spending habit. Nearly $29 trillion dollars in debt, and both political parties showing no sign of stopping their more and more expensive spending plans, what happens when that bill comes due? Writer, commentator and Distinguished Visiting Fellow at FreedomWorks ... Show More
12m 31s
Feb 2023
Jay & Shai's debt ceiling adventure
Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the power to limit how much debt the U.S. takes on. Right now, the debt limit is $31.4 trillion dollars. Once we reach that limit, Congr ... Show More
26m 6s
Jan 2023
The Debt Ceiling Showdown, Explained
In the past decade or more, votes over increasing the U.S. debt ceiling have increasingly been used as a political tool. That has led to intense showdowns in 2011, 2013 and, now, 2023. This year, both sides of the argument are dug in and Republicans appear more willing to go over ... Show More
28m 5s