On Episode 466 of Radical Personal Finance, I discussed the idea of the US Government's certain default on its stated obligations and commitments by referencing Professor Lawrence Kotlikoff's Congressional testimony on this subject.
After that show, my friend David Stein (host of Money for the Rest of Us) emailed me to tell me that I was wrong. :)
So, I invited him on the show to debate it with me.
If you want happy-go-lucky, unicorns-and-balloons-in-the-sky Joshua, skip today's show.
If you want angry Joshua to opine on his disgust with the US American politicians' lack of fiscal restraint and the long-term catastrophe that is the US American budget, then you'll enjoy today's show.
I feel like I owe it to you to keep you semi-current on the state of tax policy in the USA. But, it's too early to have any serious details about the current Republican proposals.
I thought instead we could have a useful philosophical discussion about taxation. My challenge to you today is to answer these questions, for yourself.