The 1970s were the last time we had the toxic combination of high Government Deficits and strong Government controls, like Nixon's wage and price controls and Trump's Tariffs. The result was that economists had to invent a new term for the outcome: Stagflation.
It's hard to imagine things turning out differently this time.
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9:48
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9:48
Undoing An Economic Miracle
The 1970s were the last time we had the toxic combination of high Government Deficits and strong Government controls, like Nixon's wage and price controls and Trump's Tariffs. The result was that economists had to invent a new term for the outcome: Stagflation.
It's hard to imagine things turning out differently this time.
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9:48
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9:48
Why We Must Demand That Washington Get Back To Work
So, imagine your employer/contractor announced it will stop paying you and put you on a temporary furlough for an undetermined period. Although you understood that such a draconian action was possible, it must have come as a real shock, a financial blow that you're still living through.
Twelve million of our fellow citizens are currently living through just such an economic crisis. Ironically, it's the most secure employer of all, the US Government, that is inflicting this pain on its own workers and contractors.
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6:58
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6:58
Why We Must Demand That Washington Get Back To Work
So, imagine your employer/contractor announced it will stop paying you and put you on a temporary furlough for an undetermined period. Although you understood that such a draconian action was possible, it must have come as a real shock, a financial blow that you're still living through.
Twelve million of our fellow citizens are currently living through just such an economic crisis. Ironically, it's the most secure employer of all, the US Government, that is inflicting this pain on its own workers and contractors.
--------
6:58
--------
6:58
Why We Must Demand That Washington Get Back To Work
So, imagine your employer/contractor announced it will stop paying you and put you on a temporary furlough for an undetermined period. Although you understood that such a draconian action was possible, it must have come as a real shock, a financial blow that you're still living through.
Twelve million of our fellow citizens are currently living through just such an economic crisis. Ironically, it's the most secure employer of all, the US Government, that is inflicting this pain on its own workers and contractors.
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