What is neoliberalism? How the 'Washington consensus' was imposed on the world
Geopolitical Economy Report
00:00
The Hypocrisy of the US Government Budget Deficit
The US has consistently maintained a massive budget deficit, increasing debt in the neoliberal era. President Ronald Reagan took office in 1981 vowing to limit the size of government. George H.W. Bush also presided over a record-breaking deficit of $209 billion in 1992. The irony is that the only president since the 1960s who has briefly overseen a budget surplus was Bill Clinton.
Transcript
Play full episode
