Monday, August 25, 2008

Your Call 082608 I.O.U.S.A. and the National Debt Crisis

How bad is the debt crisis? On the next Your Call, we'll examine America's declining financial health. The U.S. budget deficit is over 9 trillion dollars; it's growing by 1.9 billion dollars per day. A new documentary called I.O.U.S.A. warns Americans that this financial crisis could cripple the country. So how bad is this crisis? How did we get here? Have any politicians shown a willingness to confront the reality of the debt crisis? And what can be done to tackle the problem? It's Your Call weekdays at 11, with me, Rose Aguilar and you.

Laurence J. Kotlikoff is an economics professor at Boston University and a research associate at the National Bureau of Economic Research

Mark Weisbrot, Co-Director of The Center for Economic and Policy Research (CEPR)

Click to Listen: I.O.U.S.A. and the National Debt Crisis