The US national debt has reached historic levels, and it is continuing to grow at an alarming pace. It has now surpassed $40 trillion for the first time ever. And, this year Washington is on track to borrow two trillion dollars in order to pay for its obligations.

Why has it grown to this level and what sort of impact could it have for the US and the global economy? #US #debt #economy #heat

Host: Anand Naidoo

Guests:
Anthony Chan is former Chief Economist with JPMorgan Chase.
John Tamny is President of Parkview Institute and Editor of RealClearMarkets.
Yan Liang is Chair Professor in Economics at Willamette University.