Ep. 158 The Financial Crisis and National Security - American Vulnerability

What exactly do you know about the debt and debt ceiling?  What are they?  Think of the debt ceiling like the credit limit on a credit card and the debt is the total sum of all that spending. In this analogy, wisdom would say spending should be kept to a minimum and the balance paid off in full each month.  Unfortunately, this is not how our federal government operates and we routinely rack up debt future generations will have to pay off without their approval.  We have been accruing national debt from the moment our country was born.  In addition to our student panel, we are pleased to welcome Veronique de Rugy, the George Gibbs Chair in Political Economy and Senior Research Fellow at the Mercatus Center at George Mason University and a nationally syndicated columnist. Her writing and research focuses on the economy, taxation and the federal budget.