Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

What is the National Debt?

What is the National Debt?

FromCivics 101


What is the National Debt?

FromCivics 101

ratings:
Length:
23 minutes
Released:
Aug 2, 2022
Format:
Podcast episode

Description

Since our nation's founding, the federal government has borrowed money from other governments, private investors, and businesses in order to operate. Over the last century, the debt ceiling, a Congressional cap on how much debt we can have, keeps getting higher and higher. We talk about how the national debt works, how it's been used as political leverage, and how that impacts the health of our economy. Louise Sheiner, senior economics fellow at the Brookings Institution, and Michael Dorf, Constitutional law professor at Cornell Law, help us make sense of trillions of dollars in debt.  
Released:
Aug 2, 2022
Format:
Podcast episode

Titles in the series (100)

What's the difference between the House and the Senate? How do congressional investigations work? What is Federalist X actually about? Civics 101 is the podcast refresher course on the basics of how our democracy works.