The Economics Episode with Robert Shapiro

For this year, we’re looking at a budget shortfall of about $3 trillion, and a level of total government debt greater than 90% of GDP, a level we haven’t seen since WWII. Is this debt endangering the economy and the markets? Or are there other threats? 74&WEST Exclusives producer Derek Burnett spoke with economist Dr. Robert Shapiro, founder of Sonecon, Inc., which provides economic policy and market analysis to many Fortune 100 companies and leading nonprofit institutions. Dr. Shapiro also advises senior members of Congress and the Biden Administration. He served as undersecretary of commerce for economic affairs in the Clinton White House, and has been an economic advisor to presidential candidates Al Gore, John Kerry, Hillary Clinton and Barack Obama. He’s currently on the faculty of the Georgetown University School of Business.

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