Global Courant 2023-04-27 18:21:14
Video duration 24 minutes 01 seconds
Democrats and Republicans use the federal budget to decide the future direction of the country.
Both the Democratic and Republican parties in the United States agree that the government should borrow more money, but they disagree on spending priorities.
Is mounting debt a problem? Is it a necessary evil? Can’t the US just print more money when needed?
These are the issues on the table as negotiations begin between Congress and the White House on raising the legally mandated limit on government borrowing, also known as the debt ceiling. Currently, the ceiling is set at $31.4 trillion.
In The Bottom Line, host Steve Clemons asks federal budget analysts Bobby Kogan and Gordon Gray about next steps in the debate over runaway government spending.
How much debt can the US government handle? |
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