Firing Line Videos, Hoover Institution, taped on September 9, 1968, uploaded to YouTube on February 9, 2011.

Guests: Joseph Barr, Arthur Edward Burns

Summary:

The federal deficits were becoming a matter of serious worry, and not only to Republicans. Although Mr. Barr is a member of the Johnson Administration and Mr. Burns is a lifelong Democrat, both agree–and give compelling supporting evidence–that we need either to cut expenditures or to raise taxes (although Mr. Barr also explains cogently why, with our system of congressional appropriations, a decision to reduce expenditures may not reduce next year’s expenditures very much). One sample: JB: “You’re not going to get me in a partisan whipsaw right at the start. It [the failure to raise taxes] was the fault of the American people…. Every leader in the society–business, finance, academic, you name it–every leader said we were right, but the American people didn’t agree with them. Sixty percent of the American people said, No, you’re wrong, we’re gonna be worse off if we pay more taxes.”

https://www.youtube.com/watch?v=3uqPKGGg55U

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