Steven Rattner

speaker
344 appearances 8 recordings 1 series first heard Sep 2024 last heard 16 Apr

Steven Rattner’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
2 · Dec OctJan 26AprJulnow

Recordings per month over the last 12 months — 4 in all, peaking in Dec 2025 with 2.

Appearances

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This would be this dramatic reversal, an unbelievable reversal in which defense spending would be twice as much as a share of GDP and in dollars for that matter.
as would defend domestic discretionary spending, all the other things that I just showed you.
So there's been no remaking of the federal government of anything along these lines, really, in centuries.
Yeah.
So as we go into the campaign, this all should be great campaign fodder for the Democrats simply to stand up and say this is what he wants to cut.
This is what he wants to cut.
This is what he wants to cut.
And what he's going to claim is that he's going to be bringing down the debt as a percentage of GDP.
So you can see, of course, we all know the percent of GDP debt's been going up, up, up.
He's going to claim, and in his budget he shows, he claims 94% decrease in debt to GDP.
The reality is debt to GDP is going to continue to go up.
It's actually going to go up slightly faster than in the current budget, the current baseline, we call it.
And how does he do this sleight of hand, this magic?
How he does this magic is he assumes an unbelievable rate of rate, unbelievable rate of economic growth, the rate of growth we have not seen on a sustained basis in decades and decades.
He's assuming three point one percent.
Here's a whole plethora of private and government forecasters.
You can take your pick, but they all cluster right around two percent.
And by the way, in the first quarter of this year, where he's already penciled in three point one percent, we didn't grow a fraction that we grew just over one percent in the first quarter of this year.
So there's no way we're going to get to this number.
So, you know, budgets are always, as they say, dead on arrival.
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