State Bar of Texas Podcast : State Bar of Texas Annual Meeting 2019: The US National Debt with Larry Gibbs
Manage episode 236129636 series 87928
The US national debt today is about 22 trillion dollars and each day it continues to rise. Rocky Dhir hosting from the State Bar of Texas’ 2019 Annual Meeting, is joined by Larry Gibbs to talk about America’s national debt crisis. They discuss the difference between the national deficit and the national debt; how other countries, such as China, are financing our debt (for now); and what could happen if we default on our loans. Larry strongly urges our listeners and everyone out there to educate themselves about our debts, deficits, and spending programs and to reach out to their politicians and to make our debt a principle issue in this country.
Larry Gibbs is a senior counsel at Miller & Chevalier
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