Greenspan Says U.S. Needs to Confront Budget Deficit

The video discusses the growing concerns over expanding debt and deficit, highlighting the potential for inflation and fiscal instability. It emphasizes the risks of unfunded initiatives and the need to confront the deficit. The impact of entitlements on domestic savings and debt is also explored, stressing the importance of addressing these economic challenges.

What concerns does Alan Greenspan express regarding the expanding debt and deficit?

How does inflation relate to the fiscal outlook mentioned in the text?

What is the significance of the state of the Union message in relation to new initiatives?

What does the term 'stagflation' refer to, and why is it a concern?

In what way have entitlements impacted gross domestic savings according to the text?