Where's the U.S. Economy Headed?

Other Voices TV, Palo Alto, CA
6 February 2013
Dr. Jack Rasmus is interviewed by host, Paul George

Jack discusses the recent fiscal cliff deficit events and the upcoming further deadlines in Washington for more spending cuts on March 1, May 18, and after. The real causes of deficits and the debt and real situation concerning Medicare and Social Security are also discussed. Dr. Rasmus explains the recent very soft US economy GDP performance at the end of 2012, and why the very slow growth will likely continue. Jack notes his prediction of the past 18 months that the US and global economies in 2013 are drawing nearer to a double dip recession.