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September 13, 2023

Title: Debt Crisis + Inflation Crisis = Bad for ALL Americans
Topic: Inflation

Discussed by Richard Stern
with The Heritage Foundation (www.Heritage.org)

Part 1 of 2

Someday we will have to pay off our massive government debt. How painful will it be? Who will be responsible for paying it?

New guest, Richard Stern, is the Director of the Grover M. Hermann Center for the Federal Budget at The Heritage Foundation. He focuses on budget issues, spending issues, and the effects of both on every American. Today, Richard offers grim details about the debt and inflation crisis Americans are currently experiencing. Is there hope on the horizon?

Click here to read Richard Stern’s op-ed on this important issue.

Questions/Issues Discussed:

Have government policies, including reckless spending, caused the current inflation cycle we are experiencing?

Do most Americans truly understand the depth of our national debt? How much does each taxpayer owe?

Can this debt just be written off/forgiven without paying it back? Richard reveals that, within a decade, the payments on the interest rate alone for the national debt will exceed the budgets for the military, Medicare, and Social Security.

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Title: Part 2 of 2 - Debt Crisis + Inflation Crisis = Bad for ALL Ame - ricans
Topic: Inflation

Discussed by Richard Stern
with The Heritage Foundation (www.Heritage.org)

Questions/Issues Discussed:

Several years ago, Senator Rand Paul proposed the “Penny-Plan”. What was the goal?

Presidential hopeful Perry Johnson has his own proposal: Two Cents to Save America. What is the goal of his plan?

How much does the federal government need to cut from every government program in order to balance the budget and pay off the 30+Trillion-dollar national debt? How would this affect the American economy?

What does The Heritage Foundation propose for reducing the federal deficit and paying it off?

Click here to help support The Heritage Foundation.

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