Why the Federal Budget Deficit Could Trigger the Next Financial Crisis [Video]

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No one wants to talk about the $1.8 Billion federal budget deficit—especially the two candidates running for president and their political parties. But, as Marc Goldwein of the Committee for a Responsible Budget warns, the interest costs alone to serve that debt are approaching 17% of government spending, which is more than we spend on defense, education, and healthcare. Both presidential candidates are pushing policies that would only amplify that debt by trillions of dollars over the next decade, bringing with it inflation, high interest rates, a debt spiral, and a massive devaluing of U.S. Treasuries. The debt matters, but don’t tell Washington D.C.

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