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.
Originally aired on 12/16/10 on Reckoning America. Alex Tabarrok talks about the global economy and how the story of economic growth is rapidly changing.
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Ivan Eland on Russia Today discusses why cuts to the U.S. military budget are unlikely to happen, given how the defense industry is closely tied to campaign funding for politicians.
