Check out If Cities Could Dance on Voices: https://youtu.be/PEepolx2AdE SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H You've probably heard a politician say, "If a household can balance their budget, then the federal government should, too!" But it turns out to be a bit more complicated than that... sources: https://www.investopedia.com/articles/investing/082415/what-are-federal-reserve-chairmans-responsibilities.asp https://www.usa.gov/budget https://datalab.usaspending.gov/americas-finance-guide/ https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html https://www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp https://advocacy.sba.gov/2019/01/30/small-businesses-generate-44-percent-of-u-s-economic-activity/ https://www.investopedia.com/insights/what-does-secretary-treasury-do/#:~:text=The%20Secretary%20of%20the%20Treasury%20acts%20as%20a%20principal%20advisor,printing%20money%2C%20and%20collecting%20taxes. https://www.thebalance.com/us-deficit-by-year-3306306 https://www.statista.com/statistics/268356/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-the-united-states/ https://knowledge.wharton.upenn.edu/article/does-austerity-work-or-does-it-make-things-worse/ https://www.ft.com/content/0940e381-647a-4531-8787-e8c7dafbd885 https://www.thebalance.com/austerity-measures-definition-examples-do-they-work-3306285 https://www.nytimes.com/2020/08/21/business/economy/national-debt-coronavirus-stimulus.html Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions. Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC® Directors: Katie Graham & Andrew Matthews Written by: Andrew Matthews Executive