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How to Reduce the Deficit
Collection StructureFiring Line broadcast records > Episode guide > How to Reduce the Deficit
Item Title How to Reduce the Deficit
Guest Grace, J. Peter
Host Buckley, William F., Jr. (1925-2008)
Date CreatedSeptember 06, 1984
Description

A lively and at times hilarious look at a grim topic: the way the government

wastes taxpayers' money, and the way some citizens take extravagant advantage of that fact. Mr. Grace proves to be a fine raconteur, who takes us with him through his excavations: "When we first went down there, we looked into how much the government owed--about $1.2 trillion. How much is the government owed? That came out to over $800 billion, including what they had guaranteed. It's not that bad. When is this money that is owed to the government due, and when is it going to be paid? We found to our horror that no one had ever aged any of that debt ... Nobody knew when it was due or whether it was overdue." The most comical/infuriating example: 46,000 government employees or former employees, who were receiving a government paycheck or Civil Service retirement--and who collectively owed over $60 million in unpaid student loans.

Language(s)
Country of Origin
Place RecordedNew York City, New York, United States
DimensionsDuration: 60 minutes
FormatText
Medium television programs
Aspect Ratio
4:3
Color
color
Soundtrack
sound
Hoover IDProgram S0615
Record Number80040.856
NotesVideo not currently available for purchase.
RightsCopyright held by Stanford University. This copy is provided for educational and research purposes only. No publication, further reproduction, or reuse of copies, beyond fair use, may be made without the express written permission of the Hoover Institution Library & Archives on behalf of Stanford University.
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