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America's Historical Struggle With Debt and Taxes

America's Historical Struggle With Debt and the Role of Federal Government

11/27/2012

PBS News Hour

America's Historical Struggle With Debt and Taxes

Clip: 11/27/2012 | 9m 50s

America's Historical Struggle With Debt and the Role of Federal Government

Between paying now or paying later, Americans have just about always preferred debt to taxes. Paul Solman talks to Simon Johnson of the MIT Sloan School of Management about his new book "White House Burning," which chronicles the history -- including the whys and whererfores, virtues and vices -- of U.S. debt.

11/27/2012

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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