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What is the National Debt?
Podcast |
Civics 101
Publisher |
NHPR
Media Type |
audio
Categories Via RSS |
Government
History
Society & Culture
Publication Date |
Aug 02, 2022
Episode Duration |
00:23:25

Since our nation's founding, the federal government has borrowed money from other governments, private investors, and businesses in order to operate. Over the last century, the debt ceiling, a Congressional cap on how much debt we can have, keeps getting higher and higher. We talk about how the national debt works, how it's been used as political leverage, and how that impacts the health of our economy. 

Louise Sheiner, senior economics fellow at the Brookings Institution, and Michael Dorf, Constitutional law professor at Cornell Law, help us make sense of trillions of dollars in debt. 

 

CLICK HERE: Visit our website to donate to the podcast, sign up for our newsletter, get free educational materials, and more! 

To see Civics 101 in book form, check out gV4ZTnupzh9kEv4AEpX7jHVhvqqXVSZmOAryjrgo.MKpOMk22W8ZBn4vph5XOhdkQKfDGhDHp_JT2GsIHBws&dib_tag=se&keywords=a+user%27s+guide+to+democracy&qid=1730151470&s=audible&sr=1-1-catcorr">A User's Guide to Democracy: How America Works by Hannah McCarthy and Nick Capodice, featuring illustrations by Tom Toro. 

The federal government has always had debt. How much is too much, and how do politicians exploit it?

Since our nation's founding, the federal government has borrowed money from other governments, private investors, and businesses in order to operate. Over the last century, the debt ceiling, a Congressional cap on how much debt we can have, keeps getting higher and higher. We talk about how the national debt works, how it's been used as political leverage, and how that impacts the health of our economy. 

Louise Sheiner, senior economics fellow at the Brookings Institution, and Michael Dorf, Constitutional law professor at Cornell Law, help us make sense of trillions of dollars in debt. 

 

CLICK HERE: Visit our website to donate to the podcast, sign up for our newsletter, get free educational materials, and more! 

To see Civics 101 in book form, check out gV4ZTnupzh9kEv4AEpX7jHVhvqqXVSZmOAryjrgo.MKpOMk22W8ZBn4vph5XOhdkQKfDGhDHp_JT2GsIHBws&dib_tag=se&keywords=a+user%27s+guide+to+democracy&qid=1730151470&s=audible&sr=1-1-catcorr">A User's Guide to Democracy: How America Works by Hannah McCarthy and Nick Capodice, featuring illustrations by Tom Toro. 

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