01:09
Paying Down the National Debt
Director of the National Economic Council and former Secretary of the Treasury Lawrence Summers talks about the importance of paying down the debt, particularly because the United States is, "...a country that chronically undersaves."
02:28
Election of Thomas Jefferson, The
Historian Peter Onuf explains that the primary difference between the Jefferson presidency and that of John Adams was that Jefferson emphasized state's rights over a strong centralized government, and also paid down the national debt by more than fi...
02:55
Balancing Act: In Economic Terms...
In 1998 revenues from taxes equaled expenditures and the United States had a balanced budget for the first time since 1969. Only a small portion of the federal budget is really discretionary. When the country is in a deficit rather than a surplus si...