US Debt Surpasses GDP Due to War Spending: How Will Working People Be Affected? w/ Richard Wolff
The Socialist Program with Brian Becker6 Mai

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

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.

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Episoder(685)

Trump Is Stuck In A Foreign Policy Dead End

Trump Is Stuck In A Foreign Policy Dead End

Iran is outmaneuvering the United States and Trump is furious. Professor Richard Wolff and Brian Becker discuss the current war in Iran and the future of the globe – as Russia, China, Iran, and other ...

10 Jun 26min

Biggest Home Insurance Companies Denied Nearly Half of Last Year’s Claims

Biggest Home Insurance Companies Denied Nearly Half of Last Year’s Claims

A new Wall Street Journal study finds that the five biggest home insurers, Allstate, State Farm, Liberty Mutual, United Services Automobile Association, and Farmers Insurance, denied nearly half of al...

3 Jun 26min

Iran War Causing ‘Fundamental Shift’ In How Resources Are Distributed w/ Prof. Richard Wolff

Iran War Causing ‘Fundamental Shift’ In How Resources Are Distributed w/ Prof. Richard Wolff

According to the International Energy Agency, around 25% of the world's seaborne oil trade is transiting through the Strait of Hormuz, and the options to bypass it are limited. According to the UN Tra...

27 Mai 32min

U.S. Inequality Can’t Be Propped Up By Force Alone w/ Prof. Richard Wolff

U.S. Inequality Can’t Be Propped Up By Force Alone w/ Prof. Richard Wolff

Americans are increasingly struggling to make ends meet, while the rich get even richer. Professor Richard Wolff and producer Nicole Roussell debunk corporate media justifications for this inequality....

20 Mai 32min

US Claims Cuba Planning Drone Attack, While Actually Planning To Attack Cuba [Preview]

US Claims Cuba Planning Drone Attack, While Actually Planning To Attack Cuba [Preview]

Trump is planning the next war. The target is Cuba. Trump and his agents in the Pentagon and CIA are claiming that Cuba is threatening military action against the United States. The people in Cuba are...

18 Mai 7min

Iran: A Bigger Defeat Than Vietnam? [Preview]

Iran: A Bigger Defeat Than Vietnam? [Preview]

Robert Kagan, a leading architect of the 2003 Iraq invasion and the wider 'neocon' tendency in Washington, published an article this week titled 'Checkmate in Iran.' On today's show, Brian Becker and ...

13 Mai 6min

Spirit Is Gone, But We Could Build A People’s Airline In The United States

Spirit Is Gone, But We Could Build A People’s Airline In The United States

Low-cost Spirit Airlines has gone bankrupt and closed, and the idea of nationalizing the airline has become hugely popular. Professor Richard Wolff and producer Nicole Roussell discuss the mainstream ...

13 Mai 25min

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