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Albany, NY – A new report from the non-partisan Congressional Budget Office predicts that the federal government will end this fiscal year carrying a $1.1 trillion dollar deficit, or 7 percent of gross domestic product, requiring the government to borrow at a rate of 30 cents for every dollar spent.
This development comes on the heels of the Florida Republican primary in an election year where the nation's economy, specifically its economic recovery, is the issue that is first and foremost on voters' minds.
Here to provide insight and analysis on these issues is Michael Meeropol - professor emeritus of economics at Western New England College, author of Surrender, How the Clinton Administration Completed the Reagan Revolution,' and was most recently visiting professor of economics at John Jay College in New York City. WAMC's Alan Chartock hosts.