30 Issues | History of the National Debt

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A badge for the 1980 presidential Election, featuring Ronald Reagan (1911-2004) and George Bush.

Alan Simpson, a former U.S. Senator (R-WY) and now co-chair with Democrat Erskine Bowles of the National Commission on Fiscal Responsibility and Reform, reviews the history of debt policy and how it plays out in the presidential campaigns.

"This is the biggest blame game in America right now," said Senator Simpson. "It’s not how we got there, it’s what do we do now?"