When Ronald Reagan took office in 1981, the total direct federal debt accumulated since 1789 was less than one trillion dollars. Today that debt is 34 trillion on its way to 50 trillion. The annual interest is quickly becoming one of the largest expenditures, especially with higher interest rates.
Joining Host Dennis McCuistion to talk about this issue and potential actions is David Walker, the former head of the Government Accountability Office.
So, why did this happen? Who is to blame? How will this impact you? What can and should be done? And, if nothing is done, what is likely to occur?
This is one program that impacts your pocketbook, today and tomorrow. Join us to learn more.
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