Our Principles and Policies radio show for Saturday November 23, 2013. Chuck Michaelis interviews Dr. Sacha Walicord, pastor of Knox Presbyterian Church in Mt. Vernon, OH, who is also a PhD in economics, a trained commercial pilot, has a law degree (JD), and is a hockey referee, about the current debt situation in the United States. Dr. Walicord explains why Laurence Kotlikoff’s contention that the true national debt is several times higher than the figures published, over $200 trillion.
Dr. Walicord explains why simply balancing the budget cannot fix our current economic problems and further explains what it means to our wallets and our liberty. We also discuss what is really at the base of these issues.