In today's Follow the Money: as a nation, we now owe $21
trillion dollars. And, since the country spends more than it takes in,
the debt keeps growing. Economist Peter Morici says our political
leaders are taking big risks and haven't learned much from past mistakes
made in the 2008 fiscal crisis.
Sharyl Attkisson: Under both the Bush and Obama administrations, it was said the banks were too big to fail, which I take to mean that regardless of any misbehavior they did, we would have to bail them out and make sure they survived.
Peter Morici: We had very large financial entities failing and they couldn't be merged into other entities very easily. And with that, the system came apart. Could it happen again? Absolutely. The big banks are even bigger than they used to be.
Sharyl Attkisson: You have said if the fiscal crisis could happen again, much the same way.
http://fullmeasure.news/news/follow-the-money/national-debt-04-09-2018
Sharyl Attkisson: Under both the Bush and Obama administrations, it was said the banks were too big to fail, which I take to mean that regardless of any misbehavior they did, we would have to bail them out and make sure they survived.
Peter Morici: We had very large financial entities failing and they couldn't be merged into other entities very easily. And with that, the system came apart. Could it happen again? Absolutely. The big banks are even bigger than they used to be.
Sharyl Attkisson: You have said if the fiscal crisis could happen again, much the same way.
http://fullmeasure.news/news/follow-the-money/national-debt-04-09-2018
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