Thomas E. Woods, author of Rollback: Repealing Big Government Before the Coming Fiscal Collapse, discusses why the trillion dollar military budget is the most deserving candidate for federal spending cuts; why the military’s aging weapons and vehicles, and the shrunken Air Force and Navy, should make us wonder where all the money is going; how an increase in interest rates would end the charade that US debt levels are sustainable; and some creative ideas on reducing the rolls of social security.
MP3 here. (22:03)
Thomas E. Woods, Jr., is the New York Times bestselling author of Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse. A senior fellow at the Ludwig von Mises Institute, Woods holds a bachelor’s degree in history from Harvard and his master’s, M.Phil., and Ph.D. from Columbia University.