The $10 trillion dollar hangover
$438 billion. That was the projected cost of the deficit in September of this year, before the word “bailout” entered the American lexicon and exploded the national deficit. Linda Bilmes is a lecturer in public policy at Harvard’s Kennedy School of Government and she’s been keeping her eye on the government’s mounting debt. She talks with John and Adaora, about how much we owe, and who we owe it to.
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