Mid-Week Reality Check: Deficit Death Spiral

Published: January 21, 2009 | 4:59 PM

Michael commends David Walker, the former Controller of the United States and CEO/President of Peter G. Peterson Foundation, for his admirable efforts on Squawk Box this week on warning us on the level of debt facing this country and urging people toward the path of fiscal responsibility.  He counters the notion of "high deficit leads to lower interest rates" held by other panelists on the same program.  Don't miss this thought provoking episode!