Dividing the Debt
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Dividing the Debt
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About this listen
Sometimes we end the way we began. This episode shows how much debt each new nation would take if we divided it per person. Taxes were to be 'apportioned among the several States...according to their respective Numbers". (Art. 1 Sec. 2, Clause 3). Two of the new nations would get a windfall, Texas would get a break, and one new nation would be very unhappy. Who? Listen and learn.
References:
https://govfacts.org/explainer/us-national-debt-37-trillion-and-growing/
https://www.us-debt-clock.com/
https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
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