Inflationary Debt Spiral: Fiscal Cliff Getting Closer, Faster

Joe Selvaggi discusses the consequences of record structural deficits and debt with budget expert Brian Riedl, a senior fellow at the Manhattan Institute. They delve into how these factors could impact the financial stability of Medicare and Social Security and examine the limited time available to avert a potential crisis.

Guest:

Brian Riedl is a senior fellow at the Manhattan Institute with a background in budget, tax, and economic policy. He has significant experience in government roles, including serving as chief economist to Senator Rob Portman and as a director of budget and spending policy for political campaigns. Riedl's work at the Heritage Foundation contributed to efforts to control federal spending. He is a widely published author and media commentator. Riedl holds a bachelor’s degree in economics and political science from the University of Wisconsin and a master’s degree in public affairs from Princeton University.