Federal Deficits
Description
During WWII, our national debt had more than quadrupled, so government encouraged citizens to buy war bonds and federal stamps to pay some of it off. In 1960, President Eisenhower achieved a surplus and reduced the debt, a feat not repeated until the 1990s. But a large tax cut in 2001, three wars, a down market and huge entitlement costs pushed the deficit and the national debt to an alarming new height that forced a fierce confrontation between Congressional Democrats and Republicans. These stories show that deficits can be helpful or harmful, but long-term debt is serious business.
Runtime
27 min 50 sec
Series
Subjects
Geography
Database
Films on Demand
Direct Link
Similar Films
JB Osborne States Importance of Understanding the Company's Value Proposition
Bob Langer Discusses Versatility of Science Entrepreneurship
Investing for All with Alvin Hall. The Knicker Business
Barbara Novick Shares Importance of Making Plans But Being Flexible
Tom Fuerst Discusses Challenges of Product Development in Life Science Companies
The Women's bank of Bangladesh
Lauren Kay Shares Pitching Advice and Discusses Gender Issues In VC World
Roger Ferguson Discusses Leadership And Followership
Steve Medwin Discusses Importance of Showing Up and Paying Attention
The Federal Reserve
Eric Hage Discusses Importance of Some Formal Communication Even In A Small Business
Randy Garutti Discusses Leadership and Growing Employees
Angie Kamath Discusses Importance of Developing Skill Sets With Each Job
Geithner
South Africa's Halal Tourism; Prince Randy Koussou Alam-Sogan