At the latest Alma and Joseph Gildenhorn Book Series event, the New York Times’ David Leonhardt, in discussion with the Wall Street Journal‘s David Wessel, offered a Washington, DC, audience his take on the present state of affairs on US spending and potential sources for revenue. The writer recently released his first e-book, Here’s the Deal: How Washington Can Solve the Deficit and Spur Growth.
In this clip, Leonhardt notes that America’s government spending on health care is on par with other developed countries. So why is health care such a major part of the deficit? He shared that answer and several other surprising insights:
Watch the full discussion on Leonhardt’s ebook Here’s the Deal. And for more on the federal budget, watch Wessel’s talk on his last book Red Ink: Inside the High-Stakes Politics of the Federal Budget.