Zuckerman: Deficit Spending Has Failed

Deficit spending hasn't helped the economy says developer Mort Zuckerman, so we can't expect things to improve until we find a new approach...

It's going to be very difficult now to improve the economy through additional deficit spending...It has not worked, so we're going to have to find a whole set of different policies that will work...

We are on the verge of going broke... we have to be very careful that people don't lose confidence in the American dollar because we have to borrow huge amounts of money...it's not sustainable and it has not worked...