WH: Massive National Debt 'Comes from Not Raising the Revenues That We Need' Through Taxes

On Thursday's broadcast of MSNBC's "Katy Tur Reports," White House Council of Economic Advisers member Jared Bernstein stated that we have a large national debt because there's "a real reluctance to raise the revenues we need to meet our spending obligations." And debt "comes from not raising the revenues that we need to meet our obligations."