Throwing Good Money After Gone?

Hundreds of billions of dollars have been spent trying to rescue the American economy, and hundreds of billions more could be spent by the time all is said and done. A second economic stimulus package in the range of $300-billion dollars will be debated by Congress during its lame-duck session next week. Gene Steuerle is vice president of the Peter G. Peterson Foundation. He’s also served as former Deputy Assistant Secretary of the Treasury for Tax Analysis. And he joins us to talk about what kind of effect this spending may have on future federal budgets. Click to hear the interview.