Deficits are Bad, but the Real Problem is Spending

Video by Ph.D. Daniel J. Mitchell, Senior Fellow, The Cato Institute
Huge deficits and skyrocketing debt levels are creating considerable worry. This Center for Freedom and Prosperity Foundation video explains that that government borrowing is excessive – and will get worse in coming decades. But this mini-documentary explains that deficits and debt are merely the symptoms, and a rising burden of government spending is the real problem.