The Economic Consequences of Proposed Entitlement Cuts

American debt is growing, fast. As we record this, the United States federal government has borrowed about 36.2 TRILLION American dollars in order to cover its expenses. But, by the time you hear this - that is, less than 24 hours since recording - it will have shot past this. 

OK, I can hear you asking: So what? Why should we care? What does it matter to us if Donald Trump has a bill passed that will add another three trillion dollars to that debt, as he’s hoping? 

Because these figures point to an empire in decline, according to international and political editor Peter Hartcher. 

Today, he joins me to discuss what it would take to pull the American empire back from the brink. And what it all means for the rest of us if the United States ceased to be a great power.

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