Dividing the Debt
Break Up America?19 Syys 2025

Dividing the Debt

Sometimes we end the way we began. This episode shows how much debt each new nation would take if we divided it per person. Taxes were to be 'apportioned among the several States...according to their respective Numbers". (Art. 1 Sec. 2, Clause 3). Two of the new nations would get a windfall, Texas would get a break, and one new nation would be very unhappy. Who? Listen and learn.

References:

https://govfacts.org/explainer/us-national-debt-37-trillion-and-growing/

https://www.us-debt-clock.com/

https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP

https://fred.stlouisfed.org/release/tables?eid=257197&rid=110

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