Episode 133: What’s Up With the National Debates?
Words & Numbers
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The Debt Crisis in America
The debt relative to GDP is approaching the level it was at the height of World War II. And I think there's no hope that this problem is going to magically reverse somehow down the road. The hope is always, oh, we'll grow out of it. But as long as spending keeps increasing at or above growth levels, you'll never catch up.
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