Wednesday, March 25, 2009
Ten Trillion and Counting
Frontline does it again. I plan to encourage my students in my macro principles class to watch this outstanding video on the exploding national debt.
"All of the federal government's efforts to stem the tide of the financial meltdown have added hundreds of billions of dollars to an already staggering national debt, a sum that is expected to double over the next 10 years to more than $23 trillion. In Ten Trillion and Counting, FRONTLINE traces the politics behind this mounting debt and investigates what some say is a looming crisis that makes the current financial situation pale in comparison."