'Red Ink': Understanding Why the U.S. Has So Much Debt
Clip: 10/25/2012 | 9m 5s
'Red Ink' in the Federal Budget: Understanding Why the U.S. Has So Much Debt
With a federal budget of $3.6 trillion, a deficit of $1 trillion and a total debt of $16 trillion, it can be difficult to fully comprehend where all this money comes from and what the U.S. government spends it on. Paul Solman talks to The Wall Street Journal's David Wessel about his new book "Red Ink," a primer to the budget.
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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...
'Red Ink': Understanding Why the U.S. Has So Much Debt
Clip: 10/25/2012 | 9m 5s
With a federal budget of $3.6 trillion, a deficit of $1 trillion and a total debt of $16 trillion, it can be difficult to fully comprehend where all this money comes from and what the U.S. government spends it on. Paul Solman talks to The Wall Street Journal's David Wessel about his new book "Red Ink," a primer to the budget.
Problems playing video? | Closed Captioning Feedback
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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...