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Federal Budget Expert Reveals How Close We Are to Collapse - and How to Fix it
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The U.S. government plans to borrow $86 trillion over the next decade—an unsustainable trajectory that could redefine America’s global standing. In this urgent conversation, Jay Martin sits down with Maya MacGuineas, President of the Committee for a Responsible Federal Budget, to expose the fiscal recklessness at the heart of Washington. They break down exploding interest payments, the illusion of tax cuts paying for themselves, the politics preventing real reform, and the looming crises in Social Security and Medicare.
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0:00 - Intro
1:02 - Understanding the Role of the Committee for a Responsible Federal Budget
5:01 - Rising Public Awareness of the Debt Crisis
9:08 - Can Government Efficiency Solve the Problem?
19:21 - The Real Impact of Tax Cuts on Growth
23:42 - Opportunities for Defense Spending Reform
24:58 - The Reality of Cutting Medicaid
31:14 - Fixing Social Security Before Insolvency Hits
40:01 - Inflation, Austerity, or Default: What Comes First?
42:19 - Could a Productivity Boom Save Us?
45:16 - The Decline of U.S. Fiscal Dominance on the Global Stage
52:05 - Treasuries, China, and the Fragile Financial Order
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Published on 7 months, 2 weeks ago