We break down John Oliver’s recent HBO video dismissing the importance of the National Debt.  We discuss good debt vs bad debt, the morality of government debt, and the responsibility vs. irresponsibility of both personal and government debt.  We also get into the book The Richest Man in Babylon and a number of good personal finance lessons.  Finally, we discuss government debt in our local Poway Unified School District.

#NationalDebt #JohnOliver #RichestManinBabylon

JRP0220

Referenced Links:

John Oliver on the US national debt: 'I actually have some good news for you'

https://www.theguardian.com/culture/2021/apr/05/john-oliver-national-debt-last-week-tonight-hbo

The National Debt: Last Week Tonight with John Oliver (HBO video):

https://www.youtube.com/watch?v=yq_E3HquRJY

Yellen calls for minimum global corporate income tax.

https://apnews.com/article/janet-yellen-minimum-global-corporate-income-tax-0a839a4705566a8b9f8bd5411bfe62d5

Richest Man in Babylon by George Clason (on Amazon):

https://www.amazon.com/dp/B08R2KPZ47

Where Borrowing $105 Million Will Cost $1 Billion: Poway Schools

https://www.voiceofsandiego.org/topics/education/where-borrowing-105-million-will-cost-1-billion-poway-schools/

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