Get the Flash Player to see this player.

U.S. Debt To Exceed Economy For 1st Time Since WWII According To Report


The United States is facing a deficit of $1.3 trillion and is ten times that in debt. In fact, it looks like that debt will exceed the size of the US economy this year for the first time since World War 2. Will the government ever get it under control? Heather Cirmo of 440 Group PR says that as the debt ceiling is raised indefinitely, the foundation of the economy is starting to crack. The economy can only sustain so much, she says, before the ceiling will start to crumble. Cirmo weighs in with Economics Professor Caroline Heldman as they try to find a solution for the nation’s economic woes.

Leave a Reply