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.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!