Time To Review Federal Deficit Myths

Time To Review Federal Deficit Myths by Ben Strubel, Strubel Investment Management

Dear Investors,

The main election season is almost upon us with the race narrowed down to Donald Trump versus either Hillary Clinton or Bernie Sanders, with Clinton being the likely nominee. As the race is heating up, we are hearing more and more dumb things about the national debt. So, once again, I’ll bust some of the myths surrounding the debt and federal deficit.

Do You Want to Deprive My Grandma?

Let’s start by talking about my grandma Grace. She owns some Treasury bonds. Remember, the national debt is simply all outstanding Treasury bonds. If we wanted to pay down the national debt, we’d have to take away Grace’s...