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Resetting the Clock on a Ticking 'Time Bomb' -- America's National Debt

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Uploaded by on Aug 3, 2011

On Friday, July 29th, former Congressman Joe DioGuardi addressed the National Convention of College Republicans in Washington, D.C. DioGuardi highlighted that when all of the federal government's liabilities are accounted for, America's real debt is over $60 trillion. In addition, DioGuardi called on young people to understand the fiscal crisis that now threatens the future of our country. Finally, DioGuardi made clear that increasing the debt ceiling has done nothing to avoid economic catastrophe; it has merely "reset the clock" on a 'ticking time bomb' -- our national debt.

Joseph J. DioGuardi is a former United States Congressman and author of the 2010 update of Unaccountable Congress: It Doesn't Add Up, now available on www.amazon.com

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  • Je i pa ndalshem jemi krenar me ty..

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