America's Historical Struggle With Debt and Taxes

Name: America's Historical Struggle With Debt and Taxes
Uploaded: 2012-11-27T22:30:00Z
Duration: P590S
Description: Between paying now or paying later, Americans have just about always preferred debt to taxes. Paul Solman talks to Simon Johnson of the MIT Sloan School of Management about his new book "White House Burning," which chronicles the history -- including the whys and whererfores, virtues and vices -- of U.S. debt.

Clip: 11/27/2012 | 9m 50s

Between paying now or paying later, Americans have just about always preferred debt to taxes. Paul Solman talks to Simon Johnson of the MIT Sloan School of Management about his new book "White House Burning," which chronicles the history -- including the whys and whererfores, virtues and vices -- of U.S. debt.

Aired: 11/27/12

Rating: NR

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Major corporate funding for the PBS NewsHour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and American Cruise Lines. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.

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America's Historical Struggle With Debt and Taxes

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