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Mitch Daniels: American Debt Is 'The New Red Menace'

Complete video at: Indiana Governor Mitch Daniels expands on his cautionary statement regarding the United States' national debt to the Conservative Political Action Conference in February 2011. "This is not a philosophical argument," he explains. "It's an arithmetic one." ----- Since 2004 the other forty-nine states in the nation have increased their debt levels by an average of 40 percent. Indiana has paid down its debt by 40 percent. How did Governor Daniels do it? Explaining how he got Indiana's finances under control, Governor Daniels discusses the greatest threat America faces today -- the "new red menace" of U.S. debt -- calling on Americans to unite to face this menace and defending his call for a "truce" on divisive social issues. - Hoover Institution Mitch Daniels is the forty-ninth governor of Indiana. He served as political liaison to President Ronald Reagan and as director of the Office of Management and Budget under President George W. Bush. Peter M. Robinson is a research fellow at the Hoover Institution, where he writes about business and politics, edits the Hoover Institution's quarterly journal, the Hoover Digest, and hosts Hoover's television program, "Uncommon Knowledge."
Length: 04:07


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