Checks and Balance: Bill comes due
Update: 2024-05-10
Description
America's national debt now exceeds $34 trillion. The budget deficit–inflated by having to pay interest on all that debt–has averaged 9% of GDP over the past five years. Does that spending threaten America’s economy? And why do so few politicians seem to care?
Charlotte Howard hosts with Adam O’Neal and Idrees Kahloon. Doug Elmendorf, the Dean of the Harvard Kennedy School, and The Economist’s Simon Rabinovitch also contribute.
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