For many of you at home during the recession, you learned how to spend less and pay off your bills.
Unfortunately, the same can't be said for Washington.
The U.S. government recently reached its debt limit, and last week Republican Senator Jeff Sessions, a ranking member of the Senate Budget Committee, used the work of this morning's guest to argue against raising the debt ceiling without deep cuts in federal spending.
Kenneth Rogoff, Professor of Economics at Harvard University, talks to Christine Romans about America's economic recovery. Where does it stand today?
America doesn't stand a chance of recovering if Obama and the Democrats remain in power and continue their policy of spend as much as they can as fast as the can and let future generations worry about paying for it. It should be a crime to lay the burden on the feet of children not even born yet.
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