Another Two Trillion in the Hole!
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The numbers were already bleak, thanks to a prolonged recession and huge government spending meant to offset the economic damage from that recession. Now new 10-year projections put the total federal deficit at $9 trillion, $2 trillion more than previously predicted—and this is before any new spending on President Obama’s proposed health care reform. How long can the U.S. sustain huge deficits, and is there any hope of balancing the books in the near future?
Guests:
David M. Walker, president and CEO of The Peter G. Peterson Foundation, a nonpartisan organization working to increase public awareness of fiscal challenges to America's future. He is former Comptroller General of the United States.
Rudolph Penner, fellow at the Urban Institute; former director of the Congressional Budget Officer from ’83 – ‘87
- Patt Morrison for August 24, 2009
- Another Two Trillion in the Hole!
- Holder v. Bush?
- Progress Possible without a Team Leader?
- Julia Child
- Bagging Tagging – Going Too Far?
- To Spank or Not to Spank?
Also on this episode
Events
Comedy Congress Live
Wednesday, February 29, 2012
7:30 p.m.
- 9 p.m.
The comedic material emanating from Washington D.C., and state capitols across the country, is enough to make any sitcom writer jealous, even if most of that comedy is unintentional. Our motto on Comedy Congress is that just when politics makes you want to cry, it’s usually best to laugh.
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