Marc Goldwein on the Unprecedented US Budget Problem and How to Fix It | MHC 189

Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, where he guides and conducts research on a wide array of topics related to fiscal policy and the federal budget. He works regularly with Members of Congress and their staffs on budget-related issues. In this podcast, we discuss:

The scale of US debt and deficit
How COVID impacted spending
Trends in healthcare, social security spending, and taxes
Why reform is hard
Automatic cuts in 2033
Defence and education spending
Spending more on the elderly than on children
Interest costs and debt sustainability
Impact on economy
Recent stimulus packages (IRA, ARP, CHIPs)
How to fix the budget
Previous attempts (Clinton, Obama)
The US has too many veto points
Book recommendation – Artful Work: The Politics of Social Security Reform (Light)