This source discusses the recent downgrade of the United States' credit rating by Moody's, a major credit rating agency. The downgrade reflects concerns over the growing U.S. debt and deficits, which could negatively impact its financial standing and increase borrowing costs. In contrast, the video highlights Canada's stronger economic position due to a more manageable debt-to-GDP ratio and budget deficits. While the U.S. faces challenges in controlling spending relative to economic growth, Canada's path to improving its financial health is seen as more attainable through strategic economic growth rather than drastic spending cuts.

This source, a transcript from a video by Richard J. Murphy, argues against the common notion that government debt must be repaid, asserting that this debt is fundamentally the cumulative difference between government spending and taxation over time, and thus represents the nation's money supply. Murphy contends that attempting to repay this debt would be economically disastrous, eliminating the government-created money necessary for paying taxes and undermining critical sectors like pensions, insurance, and banking, which rely on government bonds. Instead of repayment, the focus should be on managing the interest rates on this essential debt, which is presented not as a burden but as a foundational element of a stable economy.

Interesting idea: Income Share Agreements (ISA). Definitely market driven. Risk/Reward based. Lots of questions about it. Favors jobs that are currently in demand, but since education takes years, the demand may drop by graduation time. My Dad suffered this reality. Nothing is perfect. Also, what about majors that don't have direct job connection? Seems that would narrow the curriculum and leave behind some areas. The diversity of ideas may suffer.