Americans not understanding basic finance = the implosion of democracy around the globe is kinda depressing and funny at the same type.
You would think with how obsessed our country is with money that more people would understand the difference between a revenue problem and a debt problem.
You can’t get out of debt by spending less if you don’t have any revenue. It doesn’t matter how much you cut in your budget if you don’t bring in any money.
The rich have been slashing spending and increasing borrowing for decades now, just so they can convince the public that there’s room in the budget for tax cuts. It’s like watching someone’s shitty friend convince a guy on unemployment to take out loans and to stop buying groceries so they bum a hundred bucks from them.
America might not have an absolute monopoly on democracy, but we are unfortunately very influential in how it’s applied. As soon as right winged crazy people see their American counterparts succeed in our system, they emulate it abroad.
Our education system is a joke. You have to be proactive in your education here if you want to actually learn and most people are too lazy to do that. I’m not really blaming the people though cos it’s our system that encourages it.
its worst now for younger generation k-12, and even some recent college students, than in the 2000s. theres actually some regression going on in education in the us.
Parents have a lot to do with it too. Conservatives go on and on about things that are a parent’s right to teach and then teach none of it. It wasn’t in high school that I learned how to file my taxes, balance a check book, or repair a sink among many other things.
at first it was reading writing below a 10 grade level 10years ago, by my english professors observations and now its like 4-6th grade, they probably arnt even essay writing in hs anymore? plus grammar wasn’t really enforced in school system for decades. parents are half the battle, but the school system is so bad that they are passing D or f students in the mid 2000s already, once these people reach community college, or equivalent, or even a low level state uni, they become surprised that thier C isnt going to push them far as well.
Americans not understanding basic finance = the implosion of democracy around the globe is kinda depressing and funny at the same type.
You would think with how obsessed our country is with money that more people would understand the difference between a revenue problem and a debt problem.
You can’t get out of debt by spending less if you don’t have any revenue. It doesn’t matter how much you cut in your budget if you don’t bring in any money.
The rich have been slashing spending and increasing borrowing for decades now, just so they can convince the public that there’s room in the budget for tax cuts. It’s like watching someone’s shitty friend convince a guy on unemployment to take out loans and to stop buying groceries so they bum a hundred bucks from them.
With your pension system, you have to be financially obsessed.
Well not really. The US did not ever have a monopoly on democracy. And let’s not mention intervention in foreign countries.
America might not have an absolute monopoly on democracy, but we are unfortunately very influential in how it’s applied. As soon as right winged crazy people see their American counterparts succeed in our system, they emulate it abroad.
Our education system is a joke. You have to be proactive in your education here if you want to actually learn and most people are too lazy to do that. I’m not really blaming the people though cos it’s our system that encourages it.
its worst now for younger generation k-12, and even some recent college students, than in the 2000s. theres actually some regression going on in education in the us.
Parents have a lot to do with it too. Conservatives go on and on about things that are a parent’s right to teach and then teach none of it. It wasn’t in high school that I learned how to file my taxes, balance a check book, or repair a sink among many other things.
at first it was reading writing below a 10 grade level 10years ago, by my english professors observations and now its like 4-6th grade, they probably arnt even essay writing in hs anymore? plus grammar wasn’t really enforced in school system for decades. parents are half the battle, but the school system is so bad that they are passing D or f students in the mid 2000s already, once these people reach community college, or equivalent, or even a low level state uni, they become surprised that thier C isnt going to push them far as well.