We hear about it every day; that debt clock that shows the amount of our national debt piling up every second. What is less clear is what it means. How damaging is a large national debt and what are the best ways to manage it?. One proposal is a national amendment that would give states certain rights to approve or disapprove an increase in the federal debt. We’ll talk with experts who will help us better understand the national debt, what causes it and what prompted introduction of the amendment proposal.
Guests
Fergus Hodgson - Director of Fiscal Policy Studies at the John Locke Foundation
Senator Curtis Olafson - North Dakota State Senator
Dr. Harry Bowen - Professor, W.R. Holland Chair of International Business and Finance, McColl School of Business