President Obama recently unveiled his FY 2011 budget proposal, which includes $3.8 trillion in government spending and forecasts a record $1.6 trillion deficit in 2010.
This record-breaking budget raises questions about why deficits matter and how much debt the U.S. gov't should take on.
In an interview with budget expert Alison Fraser of the Heritage Foundation, Congresswoman Foxx explores the topic of debt and deficits and why should matter to Americans.
An excellent interview, Ms. Foxx.
quaffer22 2 years ago