US Debt Surpasses GDP Due to War Spending: How Will Working People Be Affected? w/ Richard Wolff

About this episode

The episode discusses the implications of the US government's debt surpassing its GDP due to war spending and its effects on the working class.

The ratio of U.S. government debt to GDP (gross domestic product) is now over 100% – meaning the U.S. government is in more debt than the size of the entire U.S. economy. Professor Richard Wolff and Brian Becker break down why the U.S. government has gone into so much debt, and how it affects the working class. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com . Join the The Socialist Program community at http://www.patreon.com/thesocialistprogram to get exclusive content and help keep this show on the air.

People in this episode

Host: Brian Becker

Guest: Richard Wolff

Topics covered

• US debt
• GDP
• war spending
• working class
• economic impact

Keywords

• US debt
• GDP
• war spending
• working class
• economic impact

Mentioned in this episode

Organizations: Democracy at Work, rdwolff.com

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