Broken Pie Chart: Get the Facts To Win Your Debate Around US Deficits, Budgets, and Spending Including Universal Basic Income (UBI)

Get the Facts To Win Your Debate Around US Deficits, Budgets, and Spending Including Universal Basic Income (UBI)

May 5, 2019

Lately things like the Universal Basic Income (UBI) and Social Security are debated on TV. Commentators throw around numbers and whether a program can be paid for. Plenty of debate on each side but why not understand for yourself where all these numbers are coming from. In this episode Derek Moore covers what makes up the Federal Budget, Tax Revenue, Interest Payments on Debt, and how much something like a UBI would cost so you can decide. Plus, the effect rising rates and increases in debt with have on annual net interest payments as a percentage of the Federal Budget.

• What is the Universal Basic Income or UBI?
• How much would a Universal Basic Income cost?
• How much is the current US debit held by the public?
• What is the annual amount of interest paid annually on the US debt?
• What are the mandatory, discretionary, and net interest payments of the US Federal Budget?
• How much does Social Security, and Medicaid, Medicare cost?
• Difference between total US debt and debt held by the public
• What interest rate does the US pay on its national debt?
• What percentage of the federal budget does net interest payments on debt make up?
• What and when were the largest annual budget deficit in the US?
• Effective historical tax rates versus marginal tax rates
• How much free cash flow do the largest corporations generate annually?
• For each additional Trillion in debt, how much more interest needs to be paid?
• For each 1% increase in interest rates, how much do interest payments rise?