Benjamin Powell, Research Fellow at the Independent Institute, speaks to Neil Cavuto on Fox News Channel about the wealthy class are continuing to spend at the precrisis spending levels despite the rising costs of food and gas.
Emily Skarbek on International PressTV explains why the failure of the U.S. government in raising the debt ceiling is not "catastrophic" as President Barack Obama's chief economic advisor Austan Goolsbee claims.
Richard Vedder on PressTV explains why the U.S. government has done little to reduce a national debt that is approaching its current ceiling of $14.3 trillion.
