David Rubenstein: Our Debt And Your Wallet
Big Questions with Cal Fussman
00:00
The American Experiment - The Debt Limit
When this country was created after the revolutionary war, there were 70 million dollars of debt left over. Ever since that time, we have had national debt and struggled at times to pay it off. When i worked in the white house with jimmy carter, we had 800 billion dollars of debt, less than one trillion. But during the administration of bill clinton, we were actually having surpluses. And for a while, it was thought we would eliminate the federal debt,. The situation now is this, more less.
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