The U.S. Debt Ceiling Drama Continues

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We’re back to discuss the ongoing battle over the debt ceiling in this episode. We’ll review recent federal budgets and expenses and compare these numbers to recent history. We’ll also dive into the impact of the COVID-19 relief spending, address some concerns about inflation, and share our thoughts about this situation as a whole.

 

We’re back to discuss the ongoing battle over the debt ceiling in this episode. We’ll review recent federal budgets and expenses and compare these numbers to recent history. We’ll also dive into the impact of the COVID-19 relief spending, address some concerns about inflation, and share our thoughts about this situation as a whole.

Additionally, Don will touch upon the Fear Index or VIX, which measures volatility in the stock market, and discuss its surprising low level despite the impending debt ceiling showdown. We’ll wrap up this episode by discussing the potential outcomes of this debate and talking about the political dynamics at play. Join us as we take a look at the financial challenges that lie ahead for the government and underscore the importance of finding a sustainable path forward.

 

Here’s some of what we discuss in this episode:

  • What’s the recent debt ceiling update? [3:26]
  • What’s driving the debates around this topic and what may occur in the next week. [5:35]
  • U.S. spending since the pandemic. [7:28]
  • Getting this spending back into check. [9:54]
  • What is the “Fear Index” and how does it relate to all of this? [13:55]
  • How people are spending money outside of Washington. [17:57]

If you have any questions about what we discussed in this episode, please reach out and we’d be happy to provide answers.

 

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ABOUT YOUR HOST...

Donald W. Cash – CPA, CFP®, is an independent advisor. After graduating from Rutgers University, he began his career in 1985 as an accountant. In 1990, he entered the field of Estate Planning, concentrating on long-term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs.

Don advocates for a holistic approach to Estate and Financial Planning and has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers.

He is married to Cathy and they have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

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