Kate Davidson
speaker
334 appearances
5 recordings
1 series
first heard Dec 2017
last heard Jun 2021
Kate Davidson’s voice in public audio — every appearance, attributed to the second.
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Appearances
And that's, I think, what we've seen before.
There are, of course, some people who argue that deficits and rising debt can be managed.
There are opportunities for Congress to come up with some big agreement to try to tackle these deficits.
But if they don't, right, going forward, that could crowd out private investment and generally just be bad for the economy and weigh on economic growth.
And that's why
The conversations about deficit were a central part of the debate over the tax cuts and whether they would generate enough economic growth to pay for themselves because if they don't,
That is just going to add to the debt in the years to come.
Right.
So, you know, so I mentioned the tax cut, and that, of course, is affecting, we've seen it affecting Congress.
revenues, and that's having some deficit effects and could weigh in the deficit.
The other piece, of course, is spending.
So something else Congress did last year that's kind of under the radar for a lot of people is they passed this very large agreement to boost federal spending, $300 billion over a couple of years.
And that agreement will expire in September.
and they'll have to come they'll have to not just pass new spending bills to avoid a government shutdown next year but potentially come up with a you know another longer term or medium term agreement for a couple or a few years maybe even longer and right are they the big question is are they going to just agree to spend a lot more money or are they going to agree that they need to pay for that they need to find somewhere else if they want to increase spending on other on certain programs they need to offset it elsewhere or they need to raise taxes and
All of those things seem very politically difficult, especially, as you said, in a divided Congress.
Right.
I mean, it seems like his initial criticism is very much about that he doesn't want them to slow down economic growth.
But kind of the next layer, if you're listening closely to what he says, is that
he's frustrated.
He seems to be saying this is money that could be going to other things.
Showing 221–240 of 334 · page 12 of 17
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