Is America Approaching a Debt Crisis? (Zoom)
Spring (4-8 hours) | Available (Membership Required)
For decades, doomsayers have warned that our growing national debt will lead to financial ruin. Fortunately, the debt crisis wolf has never appeared.There are indications, however, that our luck may be about to run out. Indeed, the government’s debt is so large that we spend almost as much servicing it as on our national defense (national defense!).
This course will address the nature of our debt, how it’s financed, and what drives its growth, focusing on taxes and spending. All discussed without political posturing or bumper-sticker solutions. (Spoiler alert: in the famous fable, the wolf eventually appears).
This course will combine lecture with class discussions.
This is a 3-session course (6 hours total).
Robert Grafstein
Robert Grafstein is the Georgia Athletic Association Distinguished Professor Emeritus at the University of Georgia, where he also served as associate dean and interim dean. He received his BA from the University of Pennsylvania and his PhD from the University of Chicago. Specializing in political economy, he is the author of two books, co-editor of one, and author of numerous articles in leading political science journals. He has taught numerous OLLI courses at Osher and UGA.