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hoover.org
The US Debt—Causes and Consequences
The federal government is borrowing at unprecedented rates. Spending regularly exceeds revenue, and this shortfall is predicted to grow dramatically in the near future. The result is a large and growing federal debt that threatens future Americans’ prosperity and security. What are the consequences of this higher federal debt and what can we ...
May 22, 2019
United States debt ceiling History
29:24
Reporter Jake Fay returns for Season 2 of "The Story of" with an eye-opening deep dive on the history of government debt in America. Why does the United States have a debt, and how did we allow it to grow to nearly $40 trillion? Along the way, Jake uncovers what Alexander Hamilton REALLY thought about debt, how the founding generation resolved government deficits, what ill effects government overspending has on the American citizen, and much more. Tune in for this informative live event premieri
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