Socialist vs. Libertarian: Deficit Debate

The following video is brought to you courtesy of the RT America YouTube Channel. Click the video below to watch it now.

Anya Parampil reports on new numbers released by the US Treasury Department which show the federal deficit ballooned to $779 billion during President Trump’s first fiscal year in office. Tax cuts for the wealthy and soaring military spending are blamed for the increase. Anya is joined by Walter Smolarek, Organizer at the Answer Coalition, and Peter Schiff, CEO of Euro Pacific Capital, to reflect on the news and debate the role government spending should play in stimulating the economy.

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