WorldAffairs

This election year two of the most hotly debated topics are the state of the US economy and the size of the national debt. As it stands there is more than $30,000 of debt for every person in the US, Congress is entrenched in a bitter fight over deficits, the government has been brought to the brink of shutdown multiple times, and, as a result, government approval is at an all time low.

Many politicians are calling for drastic cuts in essential public programs such as Social Security and Medicare in hopes of lowering the deficit, but will these cuts do anything other than worsen the quality of life for thousands of low-income and elderly Americans?

Join Simon Johnson, former Chief Economist at the International Monetary Fund, as he unravels the conundrum of the national debt, tracks the rise of the US dollar, examines the roots of the current dysfunctional and impotent Congress, and posits a solution to our debt crisis that will result in a strengthened economy without slashing social support programs.

Direct download: 4_17_12_Simon_Johnson.mp3
Category:News & Politics -- posted at: 7:00pm PDT