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VIDEO: BPC's Jay Powell on CNN's American Morning
Posted Jul. 12, 2011
BPC Visiting Scholar Jay Powell, Under Secretary of the Treasury for Finance for President George H.W. Bush, is the author of our Debt Limit Analysis.
Watch the video below the fold...
Watch Powell in other recent appearances:
"U.S. Faces `Bad Choices' on Deficits," Bloomberg, June 29, 2011
"What Will Happen If There is No Deal on Debt?," Fox Business, June 30, 2011
"Debt Ceiling: Fact from Fiction," FOX 5, July 1, 2011
"Debt Default: What Happens Next?," C-SPAN, July 6, 2011
Based on the housing industry’s average share of Gross Domestic Product (GDP) from 1980 to 2007, the infographic illustrates that 2.3 percent or $350 billion is “missing” in potential growth.
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