Midday Hour 2 for July 30, 2010
Jul 30, 2010 Money Joe Raedle/Getty Images Guests David Walker: President and CEO of the Peter G. Peterson Foundation, where heads up efforts to promote federal financial accountability. Former US Comptroller General and head of the Government Accountability Office. Walker is the author of of "Comeback America: Turning the Country Around and Restoring Fiscal Responsibility." Grover Norquist: President of Americans for Tax Reform. The Wall Street Journal has called Norquist "the Grand Central Station" of the conservative movement. Norquist is the author of "Leave Us Alone: Getting the Government's Hands Off Our Money, Our Guns, Our Lives." E.J. Dionne: Syndicated columnist with The Washington Post, senior fellow at the Brookings Institution, and professor at Georgetown University. David Stockman: Former director of the Office of Management and Budget under President Ronald Reagan. Stockman was the youngest cabinet member in the 20th century. He is the author of "The Triumph of Politics." Clive Crook: Senior editor of The Atlantic. Crook worked for more than 20 years as an economics correspondent at The Economist. Bob Homats: Under Secretary of State for Economic, Business, and Agricultural Affairs. Formerly Vice Chairman of Goldman Sachs (International).
Much of the economic conversation in Washington right now revolves around one word: Debt. The federal debt, now at around $13 trillion, is ballooning. Experts at the 2010 Aspen Ideas Festival consider what that means for the U.S., and what the country needs to do about it.