America's debt is over $4 trillion and the country continues to borrow billions of dollars each year. Industrialist Harry Figgie, Jr. and economist Gerald Swanson have concluded in their bestselling book, Bankruptcy 1995, that this country cannot afford to borrow any more money, that simply paying the interest charges on the debt will lead to economic collapse as early as 1995. On this edition, Dr. Gerald Swanson tells a live studio audience at Loyola Marymount University in Los Angeles that, according to a U. S. Treasury report, the nation's deficit in 1992 was not $290.2 billion, but a whopping $403.9 billion -- and that the deficit for the first quarter of fiscal year 1993 increased by 43% over the same period a year before.
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