The Pandemic of the Federal Deficit on #SuperTuesday!
I can still remember when I received my first paycheck. My first question was, "Who is this FICA and why are they taking all my money"? I learned quickly that take home was not the same as gross income, and math became important to me. Of course I learned that FICA stands for our Social Security system, and then after questioning it resigned myself to the fact that I was forcibly saving for retirement. Later while I was working for the US Chamber of Commerce, I realized that the trust fund that I was paying into was in jeopardy because the government was borrowing from it to offset the deficit. The federal deficit is the difference between what the government spends and takes in each year. From the Washington Post "The U.S. Treasury released eye-popping numbers this week that show the federal budget deficit is on course to cross $1 trillion in fiscal 2020, yet nobody seems to care." I know that I risk people's eyes glazing over when I discuss math...