Pandemic Impact, National Debt and more with former Comptroller General
The Honorable David M. Walker joins T.J. O’Hara on Deconstructed to discuss the economic impact of the COVID-19 virus.
Mr. Walker served as the former Comptroller General of the United States and the former CEO of the United States Government Accountability Office under Presidents William Jefferson Clinton and George W. Bush. He currently serves as the Admiral William Crowe Chair Distinguished Visiting Professor in Economics of the Defense Industrial Base at the United States Naval Academy.
David and T.J. discuss the near and long-term effects of the pandemic-driven social and economic lockdowns. They explore the direct economic consequences on businesses and individuals as well as the potential behavioral outcomes.
Mr. Walker shares his view of the different directions the recovery may take and which scenario he believes is most likely. He also analyzes the national security impact of the pandemic as well as its potential influence on our Nation’s global trade policy. In addition, David and T.J. discuss another looming crisis: The United States’ skyrocketing National Debt.
Our Nation’s Debt-to-GDP ratio is projected to exceed 100 percent. What happens if interest rates rise?
Is the U.S. dollar at risk of losing its status as a reserve currency? How should the United States balance the economic and healthcare risks associated with the COVID-19 pandemic?
For the answers to these and other critical questions, enjoy listening to the show.