“Is the US Bankrupt?”

Senior Fellow Robert Whaples, editor of Pope Francis and the Caring Society and Is Social Justice Just? interviewed on Kresta in the Afternoon on the EWTN network. Robert Whaples discusses the federal government’s budget and its deficit. The national debt is $34 trillion which is larger than the GDP. Interest rates have also increased dramatically so what are the ramifications of this and what should we do about it? Listen here