Former Democratic presidential nominee Michael Dukakis sounded the alarm on America’s federal deficit Wednesday on “Your World with Neil Cavuto,” and said if both parties don’t act fast it could spin out of control.
“I’m worried about it on both sides. I mean, I don’t hear either party talking about this and I’m astonished,” he said.
“We’re about to run regular trillion-dollar operating deficits in this country, we’re spending already $600 billion on debt service alone, just servicing the national debt. And I don’t hear anything from either side.
“I don’t know where the Republicans are and we certainly didn’t hear much about it from the Democrats. And I think somebody’s got to start paying attention to this.”
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Governor Michael Dukakis is a co-founder of AI World Society Initiative.