Can we get out from under our debt?
Sure, the US has a lot of debt, but if we really worked at it, paying it off a little at a time, couldn’t we pay it off and be debt-free, avoiding a Dave Ramsey intervention? Actually, the answer is, “No”. It is mathematically impossible, given the size of the debt, how much money there is in the country, and how we can’t possibly get the budget under control. Confused? You won’t be after listening to this episode.
And charter school; we know what the political parties think of them, but what do parents think? Actually, they love them, or they want them. And if you’re Hispanic, Black, or poor, you really want them. Find out in this episode just how badly they want them.
Mentioned links:
It Is Mathematically Impossible To Pay Off All Of Our Debt
What are parents thinking about charter schools?
Charters Score in Cities

Getting some shopping done? If you're going to shop at Amazon, please consider clicking on my affiliate link. Thanks!

You can subscribe to the podcast via iTunes. And please leave a comment letting them know how you like it. I really appreciate listener ratings on iTunes, which can also lead to having more listeners, and more ratings! Keep the ball rollin’!



The Stitcher Network is another possibility. You can find podcasts, add them to your favorites, and then either listen to them on the web site, stream them to your smart phone, or to some snazzy GM, Ford, and BMW car. If you do download Stitcher to your phone, please use the promo code “ConsiderThis” to let them know where you heard about it.



You can listen on the Blubrry Network if you like. You can find podcasts and save them to your MyCast list, and come back anytime and listen to the latest episodes.

Similarly, Player.fm allows you to subscribe to podcasts and play all the latest episodes from your browser.

And if you have some other podcatcher or RSS reader, click here to get the direct feed and paste it wherever you need it.

I would love it if you would spread the word about the podcast! Click the Facebook, Twitter, Google+, Digg or LinkedIn icons below (or all of them!) to recommend "Consider This!" to your social media audience.
Show transcript
I stumbled across a very interesting article that I want to bring to your attention. It is, of course, linked to in the show notes, but here’s the gist of it.
It is mathematically impossible to pay off all our debt. That’s the gist and, coincidentally enough, the title. But wait, you say, can’t we just pay down a little bit at a time and, eventually, pay it all off? Well, there are 2 reasons this won’t work.
The first is the size of the US debt. It’s currently 18 trillion dollars. How much is 18 trillion dollars? This article makes a very interesting comparison, and it’s worth considering. Let’s think about all the money there is in the US, that is, physical cash, and checking accounts. Investors refer to this kind of money as M1. It’s very liquid, in that it either is cash, or it can be converted into cash quickly. So how much M1 money is there in the entire country; every person’s and corporation’s?...