Host Michel Martin continues her conversation with President Barack Obama. He comments on the criticism his wife received for ordering a high-calorie meal, and shares his feelings about turning 50.
As President Obama prepares to outline a deficit-reduction plan that includes tax increases, as well as cuts to programs such as Medicare and Medicaid, anthropologist David Graeber proposes a radical solution: cancel the debt of the nation’s poor. "Debts between the very wealthy or between governments can always be renegotiated and always have been throughout world history. They’re not anything set in stone," says Graeber, author of "Debt: The First 5,000 Years." "It’s, generally speaking, when you have debts owed by the poor to the rich that suddenly debts become a sacred obligation, more important than anything else. The idea of renegotiating them becomes unthinkable." [includes rush transcript]" name="description
Technical debt had originally been conceived as an expediency measure – “a little debt speeds development so long as it is paid back promptly with a rewrite.” However, like financial debt, unrestrained borrowing can lead to a broad spectrum of difficulties, from collapsed roadmaps to inability to respond to customer problems in a timely manner, and anything in between. Recent advances in source code analysis enable us to quantify technical debt and express it in $$ terms. Technical debt analytics can help your team improve its design, coding, testing and project management skills.
On today’s Planet Money: The legend of the national debt. Where the debt came from, what happened the one time we paid it all off, and who came up with the whole debt-ceiling idea in the first place.