Thank you for listening to the 32nd episode of "This Week's Economy," where I briefly recap and share my insights on key economic and policy news.
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Today, I cover: 1) National: The newly appointed House Speaker Mike Johnson, how President Biden's student loan "forgiveness" plan will disadvantage lower-income earners while making higher education more expensive, and while the latest GDP report may seem promising at first, but is less impressive when considering details;
2) States: Texas has a new roughly $18 billion surplus that should be put toward buying down property taxes until they are zero, but that likely won't happen given what's on Texas' ballot, and Louisiana's GDP and personal income rates show that aggressive improvement is needed in The Pelican State; and
3) Other: Why you don't want to miss last week's podcast with Texas State Representative Brian Harrison and the upcoming episode with Former U.S. Senator Phil Gramm on the myth of American inequality.
Vance Ginn, Ph.D.