David Walker on the Fiscal Cliff

Air date: November 19, 2012

David Walker discussed his ideas for averting the “fiscal cliff,” and his view that even if this fiscal emergency is solved it does little to diffuse the underlying problem plaguing the U.S. economy: the growing national debt. He responded to telephone calls and electronic communications. 

“Fiscal cliff” refers to the impending tax increases and budget cuts at the end of 2012 if congress failed to reach a budget agreement.