Politicology cover image

Missiles & Money — The Weekly Roundup

Politicology

00:00

Borrowing Money and Paying Interest

Borrowing money from the world through US Treasuries involves paying interest which is increasing rapidly, requiring real dollars to pay off. Despite the rising debt and interest rates, people are turning to saving accounts and CDs, showing a common trend of borrowing and spending rather than balancing budgets. Individuals paying off bills like health insurance, auto insurance, groceries, car loans, and student debt are not financially irresponsible but merely trying to make ends meet and survive.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
Get the app