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With increased expenditures and decreased tax revenues, the debt owed by the US federal government is expected to exceed the GDP of the US in 2021, according to a government analysis.On Wednesday, the Congressional Budget Office released the updated figures showing that the federal government’s debt is projected to be 104% of the size of the economy in fiscal year 2021. 2021 is expected to be the first time since 1946 that the amount of debt is larger than the size of the economy.The CBO’s projection shows that the debt is expected to remain larger than the size of the economy through the upcoming decade.For several decades following World War II, the amount of debt the US owed relative to the size of the economy decreased, bottoming out in 1974 at 23%. The US debt began increasing in the 70s and 80s as balanced budgets became more of an exception. The last time the US had a balanced budget was in 2001. While the US debt burden decreased for most of George W. Bush’s presidency, it began to skyrocket amid the last recession.The CBO says that while 2020 saw a slight decline in revenue, the year saw a massive increase in government spending amid the coronavirus pandemic.To see the full analysis, click here. 1231
With a second surge in COVID-19 cases underway, a family from the Midwest is sharing their harrowing story about surviving the coronavirus illness.A father, mother and son were all on ventilators, on life-support at one point.Chuck Drungelo was the first to feel sick right after Easter. He stayed home from work but his family, including his 81-year-old mother-in-law, all eventually landed in the hospital with the virus.“They said it looks like you have COVID pneumonia, so by Monday I was in the hospital and I gave it to my whole family,” said the dad.“How could this happen? How could all four members of their family get this? And it just shows you how contagious it is,” said Raeann Shedd, Drungelo’s sister.Chuck got the sickest. The ventilator wasn't enough. He was moved to an ECMO machine, which is life-support for the lungs and heart, for 19 days. He eventually got virus antibody plasma treatment that helped him turn a corner.“You can still hear my trachea. I got a hole from the feeding tube,” said Drungelo.Drungelo’s sister and his sister-in-law ended up having to make all the medical decisions while they were incapacitated. He was finally able to come home from a rehabilitation facility July 1.“It’s awful because your family is struggling, and you can’t be there for them. You can’t go to the hospital. You can’t hold their hand and talk to the doctor and look them in the eye. People think it’s their right to not wear a mask. I guess in a way it is, but we should do everything we can to save each other,” said Shedd.“My wife said the other day, if you don’t like wearing a mask, you’re not going to like wearing a ventilator,” said DrungeloAs you can imagine the family is facing a massive amount of medical bills. They have a GoFundMe page for those who would like to help. 1809
When it comes to real estate transactions, some cities are seeing record sales and prices.For real estate broker Kim Dozier, business is booming.“The real estate market is on fire if you’re priced right,” she said.Dozier is the broker of the real estate company 4 Walls That Fit. While she’s looking to close as many deals as possible, her personal protection is paramount.“It’s so scary,” she said of showing properties. “You open up a door, it’s empty, you’re vulnerable.”In an attempt to help create safer work environments for real estate agents across the country, September has been deemed National Realtor Safety Month.“This actually started in 2015,” said Dr. Jessica Lautz of the National Association of Realtors. “There was a very unfortunate incident, a realtor was actually murdered in Arkansas.”Lautz says this year, nearly a quarter of her group’s members reported being in a fearful situation while at work. While less than 1% were actually physically harmed, she is offering advice to stay safe.“Meet someone beforehand, even have a virtual conversation,” she said. “Take a separate car to a listing presentation but then always let people know where you are.”For brokers like Dozier, they’re taking these tips and putting them into practice.“There’s pepper spray,” she said. “And you’re letting people know where you’re going and what you’re doing.”She says while making a sale is important, safety comes first.“Is it worth it to jeopardize your life for another deal,” she asked. 1505
While the national debate continues on whether school teachers should be allowed to posses firearms in classrooms, one Pennsylvania school district is moving forward with arming its teachers... with baseball bats. The Millcreek School District, which is located near Erie, announced it is arming up to 500 teachers with baseball bats in case of an active shooter, WICU-TV reported. The district said it spent ,800 on the 16-inch wooden bats. The bats are not quite the same size used in baseball games. Typical baseball bats are at least 30 inches long. The bats will be locked up, and out of the reach of students. WICU reported that the bats were handed to teachers after a day of training, which included lessons on what to do during an active shooting. "We passed them out, with the goal being we wanted every room to have one of these,” Millcreek School District Superintendent William Hall told WICU. “Unfortunately, we're in a day and age where one might need to use them to protect ourselves and our kids."Hall conceded that the bats are largely symbolic, but it gives teachers an option to fight back with. Millcreek Education Association president Jon Cacchione told WICU that he supports teachers having access to bats. "This is a tool to have in the event we have nothing else,” Cacchione told WICU. "Part of the formula now, is to fight back, and so I think the bats that were provided for the staff were symbolic of that.”Hall said that the district is considering other safety improvements to schools, including arming teachers with firearms. The district has been surveying parents on arming teachers with guns, but it is not actively planning on arming teachers. 1760
With concerts, sporting events, and large gatherings on hold this summer, people are looking to the great outdoors for fun. Right now, national parks and other public lands are in the federal spotlight for another reason.“It's going to be a huge difference maker,” said Will Shafroth, CEO and President of the National Park Foundation. Shafroth is talking about the Great American Outdoors Act, a bill the Senate recently approved in a bipartisan 73-25 vote.“This is historic. I’ve been working on these issues since 1981, and I can tell you that in terms of the amount of money dedicated to any particular conservation purpose, this is the most significant bill to ever pass Congress,” Shafroth said.“At a time where there’s a lot of division about a lot of different things, this is something that Democrats and Republicans agree on,” he said.The bill would provide funding to maintenance backlogs across various federal lands. The National Park Service alone has almost billion in deferred repairs.“The wear and tear on these places is dramatic,” he said.“Seasonal housing really ranges from exceptional, to trailers that are falling apart in the middle of nowhere,” Shannon Dennison said. Dennison has worked at a number of national parks in the past.“The last time that the park service had a major infusion of funding into the agency and into the facilities was 1956,” she said.Also known as Mission 66, the decade long program was intended to expand visitor services. Dennison said that was the last major investment.“I think it's been a challenge to go 54 years without putting major investment into our facilities while we're seeing rising visitation,” she said.Visitation at parks has gone up over the years. In 2019, national parks saw nearly 328 million visits, up 9 million from 2018 and the third highest year on record.Even though these spaces were closed for a short time this year due to COVID-19, people are opting to turn to the outdoors since large gatherings are discouraged.“Being outdoors is one of the safest places to be, and it's also helping to contribute to people's mental health so the parks are seeing even more of an impact during the pandemic,” said Bonnie Clark, an Associate Professor of Anthropology at the University of Denver.The legislation would provide billions of dollars to help with renovations and repairs, coming from energy production.“Essentially what happens is that when these oils and gas leases are done on federal land, they are paying money to be able to access and use these resources because they belong to everybody,” Clark said.This was one of the key debates.Dennison hopes the act paves an easier path for these projects.“Sometimes it can be difficult to get an entire pot of money for one entire project,” she said. “My hope is there will be a little more flexibility in how those funds can be applied based on the park level.”The legislation will now go on to the House of Representatives for a vote. 2974