Our growing national debt has dropped out of the headlines recently—but that doesn’t mean that the problem has gone away. The national debt recently topped $18.8 trillion, and is projected to reach $27 trillion by 2024. Worse yet, if you include the unfunded liabilities of Social Security and Medicare, the U.S. real indebtedness exceeds $83 trillion. Despite these undeniable facts, politicians from both parties continue to avoid making the difficult decisions that must be made.
Cato Institute senior fellow, Michael Tanner joined the show to discuss his most recent book, Going for Broke: Deficits, Debt, and the Entitlement Crisis (available at Amazon and the Cato bookstore). Tanner heads Cato research into a variety of domestic policies with a particular emphasis on poverty and social welfare policy, health care reform, and Social Security. Going for Broke: Deficits, Debt, and the Entitlement Crisis provides a critical, in-depth analysis of these entitlement programs and lays out much needed solutions for real reform.
Listen to the show HERE.