Preserving America – Fixing our Financial House
The federal government’s budget for next year will be $3.8 trillion. Unfortunately it is projected to raise only $2.6 trillion, leaving a deficit of $1.2 trillion. When we add this to the existing national debt, America will be in the hole for more than $14 trillion. This amount of money is nearly equal to the entire amount of the nation’s GDP, the total we produce annually in goods and services. No nation can sustain that kind of fiscal imbalance. In this program, Dr. Porter discusses the facts behind our economic calamity and offers ways in which we can correct our financial irresponsibilities before they lead to catastrophe.
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