'We've Never Had Deficits Like This During Peace and Prosperity Before'
'We've Never Had Deficits Like This During Peace and Prosperity Before'
Oct 17, 2018
reason.com
WATCH: Brian Riedl testified before the Senate on the debt crisis. Check out his full remarks via the link in our bio. https://manhattan.institute/article/testimony-before-the-u-s-senate-committee-on-the-budget?utm_source=Facebook&utm_medium=Organic_Social | Manhattan Institute for Policy Research
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Brian Riedl joins host Stu Burguiere to warn that interest payments on the growing U.S. deficit could become the largest budget program, surpassing all other government expenditures. Riedl cautions that as much as half to two-thirds of taxes could be used to pay interest on the debt within the next couple of decades, with the possibility of 100% of taxes going towards debt interest if rates continue to rise. As the debt crisis looms and threatens to consume an ever-growing portion of taxpayer do
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