Spending Limit Needed to Curtail ‘Rampant’ Government Spending: Economist Vance Ginn on Debt Ceiling

The U.S. Treasury Department initiated so-called extraordinary measures after the country hit its debt limit on Jan. 19. NTD spoke to Vance Ginn, president of Ginn Economic Consulting and senior fellow at Young Americans for Liberty, who said that a spending limit should be put in place to curtail rampant spending of taxpayer money fueling massive national debt. Ginn said that net interest on the debt will soon exceed $1 trillion, which is about what the country spends on defense.