L. Randall Wray — The Biggest Drains On The Deficits – 03/02/2011

Reform the Money

L. Randall Wray — The Biggest Drains On The Deficits – 03/02/2011
The Biggest Drains On The Deficit
Ross Reynolds
03/02/2011 at 12:20 p.m.
The national debt is growing. Lawmakers and experts are asking the question — what do we do about the biggest expenses of our government; Medicare, Medicaid, Social Security and defense spending? 63 percent of the 2010 federal budget went to these programs. Do we have to start making sacrifices?
Guest(s)
Mike Tanner is senior fellow at the Cato Institute. He deals with domestic issues including budget and debt, and sees the massive deficit as a top federal concern.
L. Randall Wray is an economics professor at University of Missouri–Kansas City. He believes the deficit concerns are hysteria, and massive cuts will only worsen the problem. His focus is on growing the economy.
Download
L. Randall Wray's website is: New Economic Perspectives
Source: kuow.org
Aired: 3/02/11 12:00 AM

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