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What If We Paid Off The Debt?

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What If We Paid Off The Debt?

Podcast

What If We Paid Off The Debt?

What If We Paid Off The Debt?

  • Download
  • <iframe src="https://www.npr.org/player/embed/141592124/141598439" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

We got our hands on a secret government report outlining what once looked like a potential crisis: The possibility that the U.S. government might pay off its entire debt.

It sounds ridiculous today. But not so long ago, the prospect of a debt-free U.S. was seen as a real possibility with the potential to upset the global financial system.

Projected versus actual debt

Today on the show, we hear from the economist who wrote the report. And we look at how things turned out so, so differently.

For more, see:

Subscribe to the podcast. Music: Fruit Bats' "You're Too Weird." Find us: Twitter/ Facebook/Spotify

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