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David Rubenstein: Our Debt And Your Wallet

Big Questions with Cal Fussman

CHAPTER

Are There Five Ways You Can Deal With the Debt?

We began to incrue enormous amounts of debt under ronald regan, when therr big tax cots. And it's at 28 trillion now. The only thing that we can really o is try to increase economic growth and therefore have more dollars coming in. But that takes long time. We've raised the debt limit about 70 times since the debt limit was first installed,. early on in the twentieth century. So we've never failed to raise it. Though we've had some perils of pauline situations.

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