Economic Stimulus 101 – Part 4
The U.S. national debt surged past $10.9 trillion in March. What are the consequences?
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“Somebody is going to have to pay for the interest on all this debt, and it’s going to come from future generations.”
⊕ Launch video
“When you look at the empirical data, it’s hard to find any relationships between the federal debt and the economy.”
⊕ Launch video
“The crucial thing is that investors will need assurance the deficit won’t spiral out of control.”
⊕ Launch video
“At some point we need to balance our trade and that will involve a devaluation of the dollar.”
⊕ Launch video
“Socialist, I wouldn’t call it… you might say that it has more of a social-democratic flavor.”
⊕ Launch video
Produced by Jackie Hai, Richard Caesar and Frank Godinho, AmherstWire.com.
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