Podcast appearances and mentions of maya macguineas

United Airlines CEO Scott Kirby discusses the future of flights out of Newark, the time horizon for supersonic air travel, and regulatory scrutiny on his industry. CNBC's Phil Lebeau has the details on United's new collaboration with JetBlue, aimed to add value for frequent flyers of each respective airline. Committee for a Responsible Federal Budget president Maya MacGuineas issues a warning on government spending. The reconciliation bill making its way through Congress doesn't restrict spending enough, according to the CRFB. Plus, Nvidia lost billions in the Chinese market last quarter, Elon Musk has hinted at a pullback from his DOGE role, and President Trump is pushing back against the “Trump Always Chickens Out” trade on Wall Street. Megan Cassella - 06:03Phil LeBeau - 22:13Scott Kirby - 24:39Maya MacGuineas - 45:17 In this episode:Megan Cassella, @mmcassellaPhil LeBeau, @LebeaucarnewsJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

The tax and spending bill passed by House Republicans last week is the sort of bill that does so many different things that even budget experts could be forgiven for not realizing just how many different parts of the economy it will change. In the realm of workers' comp, the bill would eliminate taxes on overtime pay and tips. In terms of families, it would create new $1,000 savings accounts for children and give parents an extra $500 per year per child, in the form of an expanded child tax credit. In the realm of health and the culture wars, it would ban the use of Medicaid funds for gender-affirming care and cut funding for Planned Parenthood. In the realm of climate, it would claw back half a trillion dollars of investments in wind, solar, geothermal, batteries, nuclear power, clean hydrogen, and electric vehicle purchases. In the realm of defense, it would increase spending by over $100 billion on shipbuilding, air and missile defense, immigration enforcement, and border security. But judging strictly by the sheer dollar amount of the provision, this bill is really about three big things. Number one, it extends a multitrillion-dollar tax cut on corporate and individual income. Number two, it reduces federal spending on two major government programs by a combined $1 trillion: Medicaid, the government health-care program for those with low income, and SNAP, or federal spending on food stamps. And number three, because of the mismatch I just told you about, between the tax cuts and the spending cuts, it will increase the national debt by several trillion dollars over the next 10 years. Today, we have two guests. First, the University of Chicago economist Eric Zwick joins to talk about the corporate tax cut. And second, to understand how to think about the debt picture, I talk to Maya MacGuineas, president of the Committee for a Responsible Federal Budget.If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guests: Eric Zwick and Maya MacGuineas Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

We take a dive into the Big Beautiful Bill. What's in it? How would it impact our debt and deficit? Maya MacGuineas, President of the Committee for a Responsible Federal Budget, joins Tommy

House Republicans are moving quickly to get a massive tax-and-spending package across the finish line before week's end even as they negotiate with party factions over outstanding concerns. Some Republicans are demanding deeper cuts to social programs like Medicaid to curb deficits as part of the deal and to reduce the package's cost to extend the 2017 tax overhaul. And yet the bill increases the debt limit by $4 trillion and adds billions in spending. Cut out of the process, Democrats oppose the proposal, and even some Republicans have objected to its size and scope. Regardless of where lawmakers fall on the political spectrum, they all seem to agree on one data source: What the Committee for a Responsible Federal Budget has to say about the package and what it will do to the national deficit, which now stands at over $36 trillion. On this episode of Talking Tax, Bloomberg Tax reporter Chris Cioffi talks with Maya MacGuineas, longtime president of the nonprofit public policy group, and digs into why the growing debt can be problematic for future economic growth. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

(AURN News) — President Donald Trump's fiscal policies are under renewed scrutiny after Moody's downgraded the U.S. credit rating from Aaa to Aa1, citing the nation's rising debt, widening deficits and mounting interest costs. While Moody's did not name Trump in its downgrade announcement, the agency pointed to long-term trends that have intensified under his administration. Federal spending has increased sharply, and Trump has called for extending the 2017 Tax Cuts and Jobs Act — moves that analysts say are worsening the country's fiscal outlook. “Over more than a decade, US federal debt has risen sharply due to continuous fiscal deficits. During that time, federal spending has increased while tax cuts have reduced government revenues,” Moody's said in a statement. The agency projected that without changes to taxation or spending, the government's budget flexibility will remain limited. It expects mandatory spending — including interest payments — to rise from 73% of total federal outlays in 2024 to 78% by 2035. Moody's also warned that extending the 2017 tax law would add about $4 trillion to the federal primary deficit over the next decade. Deficits are projected to reach nearly 9% of GDP by 2035 — up from 6.4% this year — with debt rising to 134% of GDP, up from 98% in 2024. According to CBS News, federal spending under Trump is now higher on a day-to-day basis than in nine of the past 10 years. In the first 100 days of his presidency, spending was $200 billion higher than during the same period the year before. The Committee for a Responsible Federal Budget, a nonpartisan watchdog group, called the downgrade a warning sign that policymakers are heading in the wrong direction. “Can you hear that? It's the sound of not one, not two, but all three major credit rating agencies now saying the same thing: the US fiscal situation is unsustainable,” said Maya MacGuineas, the group's president. “At the very least, we should not be considering adding more than $3 trillion to the debt — or $5.2 trillion if temporary provisions are made permanent — after we were just told our credit worthiness is inferior to what it was,” she added.Trump has touted cost-cutting efforts through the Department of Government Efficiency, but so far, overall federal expenditures have continued to grow. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://2ly.link/26yH8 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. Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 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 Copyright © 2025 Cambridge House International Inc. All rights reserved.

There's a big tax bill moving through Congress. We take a look at it with Maya MacGuineas from the Committee for a Responsible Federal Budget. Do either Republicans or Democrats really care about the debt and deficit?

February 19, 2025 ~ Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins Chris Renwick, Lloyd, and Jamie to discuss that despite wanting to lower taxes, the Republicans are having a hard time choosing what to cut while preparing to adopt a plan that puts a $4.3 trillion limit on the size of the tax cut.

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureThe housing market is mirroring the 2008 financial crisis. Job numbers are faked again. The Fed is knowingly making decision using fake data. The [CB] has revealed their plan, they want the US to default under Trump's Presidency. Playbook known, the [CB][DS] will be blamed. The [DS] is making their move. President Carter passes away at 100. Funeral is being planned for Jan 9 and the flags will be at half-mast for 30 days. Carter will lie in state starting in Jan 2025. Will the [DS] try to delay the certification. The [DS] will need an event to delay, this could include, cyber attack, riots at the capitol, or congress getting sick. Be ready, playbook known.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/KobeissiLetter/status/1873397611392360878 https://twitter.com/WallStreetMav/status/1873740208384188601   out. Plus as soon as Trump takes office expect the entrenched left wing staff will start portraying the economic data has negative. We won't find out till much later during the revisions.   https://twitter.com/KobeissiLetter/status/1873595155812593737 The two times when the U.S. stock market posted back-to-back losses during the "Santa Claus" rally period were: 1999-2000 2007-2008 These instances are significant because they preceded broader market downturns, with 1999-2000 leading into the Dot-com bubble burst and 2007-2008 marking the beginning of the financial crisis Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ 'Extraordinary Measures' Treasury Secretary Janet Yellen has warned that the United States will hit its statutory debt ceiling around the middle of January, a development she said will prompt the Treasury to resort to “extraordinary measures” to prevent the government from defaulting on its obligations. Yellen outlined the looming fiscal challenge in a Dec. 27 letter to congressional leaders, urging them to act to protect the nation's economic credibility and preserve fiscal stability. Maya MacGuineas, president of CRFB, warned in a recent statement that the risks of rising debt include slower economic growth, higher inflation, and constrained fiscal flexibility that would hamper the government's ability to respond to economic downturns or global crises. Source: zerohedge.com   President Trump Slams Kevin McCarthy and House GOP for Debt Ceiling Deal: “One of the Dumbest Political Decisions in Years”  they would prefer “Depression” as long as it hurt the Republican Party. The Democrats must be forced to take a vote on this treacherous issue NOW, during the Biden Administration, and not in June. They should be blamed for this potential disaster, not the Republicans! Source: thegatewaypundit.com Political/Rights https://twitter.com/nypost/status/1873429589298667839 https://twitter.com/its_The_Dr/status/1873611695400382709 Geopolitical/Police State https://twitter.com/C__Herridge/status/1873747039118569673 Leaked Defense Department Letter Acknowledges Injuries and Experiences “Are Real” “It's a Cover Up...It Should Be Terrifying for All Americans.” Government Gaslighting 1:25 Foreign Adversary Likely Behind National Security Officials' Havana Syndrome Injuries 2:40 High Powered Microwave System Weapon 3:37 Under Attack In Africa 4:01 Multiple Weapons Suspected 4:54 Crippling Cognitive + Neurological Symptoms Reported  5:43 CIA Director Privately Blames Russia 6:20 2023 Intelligence Report Betrayal

On Thursday, November 21st, the Economic Club of Minnesota welcomed Maya MacGuineas, President of The Committee for a Responsible Federal Budget in a discussion with Chris Farrell, Marketplace Senior Economics Contributor at American Public Media. The audience was treated to an insightful and entertaining discussion.   Maya talked about how the burning issues like Medicare and Social Security reforms are crucial to getting the fiscal house in order in the U.S.  Maya's assertion is that voters do not connect to the big issues on a visceral level, therefore, the can is getting kicked down the road. Chris Farrell and audience members alike asked wonderful questions. It's worth watching or listening to the podcast version of this great conversation. 

Among President-elect Trump's promises for his second term is a pledge to slash federal spending. He appointed Elon Musk, the world's richest man, and Vivek Ramaswamy, a biotech company founder, to run an advisory commission. This week, the pair said they're aiming to cut $500 million in annual spending, but there are big questions about that. Amna Nawaz discussed more with Maya MacGuineas. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Among President-elect Trump's promises for his second term is a pledge to slash federal spending. He appointed Elon Musk, the world's richest man, and Vivek Ramaswamy, a biotech company founder, to run an advisory commission. This week, the pair said they're aiming to cut $500 million in annual spending, but there are big questions about that. Amna Nawaz discussed more with Maya MacGuineas. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Trump's Trials is now Trump's Terms. Each episode, host Scott Detrow curates NPR coverage of the incoming Trump administration. This episode: what would it mean to cut trillions of dollars from the federal budget — and is it even possible? NPR's Michel Martin speaks to Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a think tank that supports cutting federal spending and lowering the national debt.Support NPR and hear every episode sponsor-free with NPR+. Sign up at plus.npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

October 22, 2024 ~ Former President Donald Trump's plan for social security would have the fund run out of money within six years. Guy, Lloyd, and Jamie talk with Committee for a Responsible Federal Budget president Maya MacGuineas about his proposals, as well as Trump's and Kamala Harris' tax plans.

The U.S. annual deficit is nearing $2 trillion for this fiscal year, almost double the record deficits before the COVID-19 pandemic, as federal borrowing hit more than $5 billion per day. The U.S. Congressional Budget Office reported that the federal deficit hit an estimated $1.8 trillion in fiscal year 2024, $139 billion higher than the deficit from the previous fiscal year. The troubling deficit news comes as the national debt continues to soar, drawing closer to $36 trillion. “Within the next dozen years, three major trust funds – for highways, Medicare, and Social Security – will run out of reserves, forcing us to reckon with even tougher decisions on how to keep important government priorities afloat,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said in a statement.

We are talking national debt with Maya MacGuineas of the Committee for a Responsible Federal Budget, plus Brian Dayton of the West Virginia Chamber of Commerce, Rusty Webb on the Thunder in the Mountains tennis event and more on the Dirty Birds run for a championship.

Beyond Talking Points: An American Middle Podcast. Host Abby McCloskey talks with Maya MacGuineas, President of the Committee for a Responsible Federal Budget about campaign promises from both parties, what they will cost, and what can be done about deficit spending and our growing debt. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today Hoppy is joined by Steve Williams, Garrett Cole, Rasheed Marshall, Maya MacGuineas, Jonathan Savage, and Aaron Kendall.

Join the conversation with C4 & Bryan Nehman.  C4 & Bryan discuss the DPW hearing.  Geoff Arnold joined the show discussing the Orioles series against the Astros.  Kamala Harris had a big night at DNC.  Maya MacGuineas also joined the show discussing the $35 trillion national debt. Listen to C4 and Bryan Nehman live every weekday from 5:30-10:00 a.m. ET on WBAL News Radio 1090, FM101.5, and the WBAL Radio App!

Noticias Económicas y Financieras La próxima gran prueba para los mercados llega esta semana, cuando las grandes tecnológicas anuncien sus resultados del segundo trimestre. Microsoft $MSFT, que respalda a OpenAI, está disponible después del cierre de hoy, mientras que Meta $META publicará sus cifras trimestrales mañana, seguida de Apple $AAPL y Amazon $AMZN el jueves. Como en trimestres anteriores, se estima que el grupo de acciones de Mag7 representa la mayoría de las ganancias de todo el índice S&P 500, pero esta vez, el comentario que lo acompaña debería ser un indicador más importante del sentimiento debido a la reciente rotación. $TSLA Tesla avanzó casi un 6% el lunes después de ser nombrada una de las principales opciones automotrices de Morgan Stanley en medio de poderosos impulsores emergentes de valor firme. No todos están de acuerdo. La versión actualizada de Tesla de su software de conducción autónoma es impresionante, pero no resuelve la autonomía, escribió Truist Securities después de una prueba de manejo reciente. "Las deficiencias que observamos hacen que sea difícil imaginar lo que Tesla revelará en su evento RoboTaxi en octubre", señaló el analista William Stein, detallando algunas veces que tuvo que intervenir para evitar colisiones. "El endeudamiento sigue su curso, imprudente e inflexible", dijo Maya MacGuineas, del Comité para un Presupuesto Federal Responsable, mientras la deuda nacional de Estados Unidos superaba los 35 billones de dólares por primera vez. Recordemos que el déficit alcanzó los 34 billones de dólares a principios de este año y superó los 33 billones de dólares apenas tres meses antes. La marea de números rojos está creciendo a un ritmo mucho más rápido de lo esperado en medio del aumento de los costos de los intereses y el gasto obligatorio en programas federales. El mes pasado, la Oficina de Presupuesto del Congreso incluso proyectó que la deuda nacional aumentaría a un récord del 122% del PIB en 2034. La administración Biden está comprando más de 40 millones de barriles de petróleo para reponer las reservas de emergencia de Estados Unidos, pero necesita más dinero del Congreso para compras adicionales. Tras una reducción récord para controlar los precios del crudo tras la invasión rusa de Ucrania, la Reserva Estratégica de Petróleo ahora tiene 375 millones de barriles, en comparación con los 600 millones de barriles a principios de 2022. Si bien el gobierno planea continuar con las compras de la SPR el próximo año, solo le quedan alrededor de $1.2B para gastar en su cuenta de compra de petróleo (suficiente para unos 15 millones de barriles). "Nos gustaría, por supuesto, hacer más que eso", dijo el subsecretario de Energía, David Turk. "Pero necesitamos fondos adicionales".

Today we were thrilled to be joined by Maya MacGuineas, President of the Committee for a Responsible Federal Budget (CRFB), to discuss a critical yet often ignored topic: the US national debt and budget deficits. Prior to her tenure at the CRFB starting in 2004, Maya served at the Brookings Institution and on Wall Street. Maya is a native Washingtonian, Harvard Kennedy School alumni, and frequently testifies before Congress as a leading budget expert. Founded in 1981, the CRFB is a bipartisan nonprofit dedicated to educating the public on issues with significant fiscal policy impact. The organization offers independent policy analysis, engages with policymakers to improve the country's fiscal and economic condition, and serves as an educational resource. At over 100% of GDP and in the range of the all-time high last seen during World War 2, the US national debt looms large as a significant macroeconomic and overall risk factor to the nation and the world. We were so excited to hear Maya's insights on this very important and very complex subject. In our conversation, Maya shares historical context on past efforts to address fiscal issues and how interest in fiscal policy has fluctuated (from Ross Perot to Simpson-Bowles to today), the current economic situation, the impact of recent events like COVID-19 on government borrowing and spending, how the increase in interest rates has highlighted the structural nature of the problem and gained the public's attention, and the current polarizing political environment and how it has halted efforts to address fiscal challenges. We discuss the responsibility of political leaders to acknowledge and address long-term budget concerns, challenges with addressing entitlement programs including Social Security and Medicaid, political leaders' refusal to address issues that are headed towards trust fund insolvency, proposed solutions including establishing a fiscal commission to tackle the issue comprehensively, the idea of inflating away the debt or selling assets to reduce the debt, major threats posed by the growing national debt including loss of fiscal space, economic slowdown, national security risks and intergenerational inequity, and much more. We covered a great deal of territory and can't thank Maya enough for joining. As you will hear, we offered to help Maya in any way we can, including helping her salute the “fiscal heroes” who are leaning in and trying to make a difference.   Mike Bradley kicked us off by flagging that this is an extremely important week for markets given both the March CPI and PPI will be released on Wednesday and Thursday respectively, and that if these stats print hotter-than-expected, the FED will not be cutting rates anytime soon. He noted markets may be underestimating inflation given sharp YTD gains in a variety of commodities. On the commodity front, WTI is trading at ~$86/bbl (highest level since Oct'23), WTI time spreads continue to trade in huge backwardation and the 2H'24 oil S/D deficit positions OPEC to push barrels back into the market. He noted that even though we remain pretty constructive with the 2H'24 crude oil setup, we're a bit concerned the recent crude oil bullishness is becoming too consensus. On the broader equity market front, equities continue to take their cue from both interest rates and an obsession with AI equities. If CPI and PPI readings print cooler-than-expected, it will result in a huge bond and broader equity market rally. This Friday will also be a heavy Q4 reporting week for U.S. major banks. He ended by highlighting that Exxon Mobil Corp. recently hit an all-time stock price high and that its market-cap and enterprise values (~$500B) finally rebounded back to their late-2007 levels. In late 2007, energy's weighting as a percentage of the S&P 500 was ~13% (peaked at ~16% in mid-2008) and today is at ~4%, leaving the energy sector plenty more room to run in the years ahead. Arjun Murti dis

In a recent discussion on CNBC's 'Squawk Box', House Speaker Mike Johnson voiced his strong concerns about President Joe Biden's latest budget plans. Without hesitation, Johnson criticized the President and his party for their desire to persistently 'boost spending' and the contents of their $1.2 trillion spending package. Host Joe Kernen initiated the conversation with the Speaker after speaking with Maya MacGuineas about the long-term effects of these spending and revenue strategies. MacGuineas expressed her concern over the outcomes of this budget plan, from which she found no positive attribute. Kernen inquired Johnson's view on this matter, in particular reference to high-ticket items like Social Security or Medicare that neither Presidents don't seem eager to modify. In reply to Kernen, Johnson expressed a clear refutation to consider cutting essential programs like Medicare and Social Security. He then relayed his perspective on the issue. Following his critique of the effects of the Biden administration's budget, including the largest tax increase in U.S history amounting to approximately $4.9 trillion, Johnson expressed alarm about the potential increase in national debt to a staggering $52 trillion over the next decade. Johnson, taking a stand for conservative principles, warned about the risks of following a budget plan that can lead the nation into economic instability. He expressed his plea: 'We must not tread upon this path that can potentially plummet our economy.' He and his colleagues believe that to steer the economy in the right direction, the nation needs to follow a different fiscal philosophy.See omnystudio.com/listener for privacy information.

A storm may be brewing off the coast. It is not a new concern for investors, but its intensity has grown. The US federal government owes more than $34 trillion—and counting. This level of debt has the potential to wreak havoc, even for the world's largest economy. Government debt has grown in other parts of the globe as well, and debt held by consumers and businesses can also pose economic risks. With a tsunami of debt lurking in the distance, investors must take stock of the potential ramifications if it ever crashes onto the shore. This episode of The Outthinking Investor addresses the economic challenges associated with an increasing debt burden, the impact on inflation, interest rates and financial markets, and fiscal policy prescriptions that could help bring the debt under control. Randal Quarles, former Vice Chair for Supervision at the Federal Reserve; Maya MacGuineas, President of the Committee for a Responsible Federal Budget; and Tom Porcelli, Chief US Economist for PGIM Fixed Income, join the podcast to give a unique perspective on the intersection of debt, fiscal policy and financial markets.

After a bipartisan border bill was blocked on the Senate floor this week, lawmakers on Capitol Hill may be working through the weekend to pass a foreign aid package without border security. With questions as to whether this bill was doomed from the start, Congress is back to the same drawing board they faced in the fall of 2023. FOX News Senior Congressional Correspondent Chad Pergram and Congressional Correspondent Aishah Hasnie discuss House Majority Leader Mike Johnson's political bind and ponder how he will handle putting a new bill on the House floor. The latest report from the Congressional Budget Office shows that the Social Security Old Age and Survivor's Trust Fund will run out of money by 2033. Last year, President Biden continuously alleged that Republicans wanted to cut entitlements. However, former President Donald Trump says that cutting Social Security is unnecessary because natural resources like oil and gas will cover the cost. President of the Committee for a Responsible Federal Budget, Maya MacGuineas weighs in on the future of Social Security and why candidates are not telling the truth about what lies ahead for the program. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a bipartisan border bill was blocked on the Senate floor this week, lawmakers on Capitol Hill may be working through the weekend to pass a foreign aid package without border security. With questions as to whether this bill was doomed from the start, Congress is back to the same drawing board they faced in the fall of 2023. FOX News Senior Congressional Correspondent Chad Pergram and Congressional Correspondent Aishah Hasnie discuss House Majority Leader Mike Johnson's political bind and ponder how he will handle putting a new bill on the House floor. The latest report from the Congressional Budget Office shows that the Social Security Old Age and Survivor's Trust Fund will run out of money by 2033. Last year, President Biden continuously alleged that Republicans wanted to cut entitlements. However, former President Donald Trump says that cutting Social Security is unnecessary because natural resources like oil and gas will cover the cost. President of the Committee for a Responsible Federal Budget, Maya MacGuineas weighs in on the future of Social Security and why candidates are not telling the truth about what lies ahead for the program. Learn more about your ad choices. Visit megaphone.fm/adchoices

After a bipartisan border bill was blocked on the Senate floor this week, lawmakers on Capitol Hill may be working through the weekend to pass a foreign aid package without border security. With questions as to whether this bill was doomed from the start, Congress is back to the same drawing board they faced in the fall of 2023. FOX News Senior Congressional Correspondent Chad Pergram and Congressional Correspondent Aishah Hasnie discuss House Majority Leader Mike Johnson's political bind and ponder how he will handle putting a new bill on the House floor. The latest report from the Congressional Budget Office shows that the Social Security Old Age and Survivor's Trust Fund will run out of money by 2033. Last year, President Biden continuously alleged that Republicans wanted to cut entitlements. However, former President Donald Trump says that cutting Social Security is unnecessary because natural resources like oil and gas will cover the cost. President of the Committee for a Responsible Federal Budget, Maya MacGuineas weighs in on the future of Social Security and why candidates are not telling the truth about what lies ahead for the program. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, January 4th, 2024. Pub Membership Plug: Public Houses, or Pubs, are not just places to drink beer, wine, cider or even something a little stronger. It is also a unique social centre, very often the focus of community life in villages, towns and cities throughout the length and breadth of the world. We here at CrossPolitic hope to emulate that for you and yours. That’s why you should grab yourself a pub membership at fightlaughfeast.com… we need you on this ride with us. So pull up a chair, grab a pint, and join us on this ride at fightlaughfeast.com - that’s fightlaughfeast.com. https://www.foxbusiness.com/politics/us-national-debt-tops-34t-first-time-history US national debt tops $34T for first time in history The U.S. national debt topped $34 trillion for the first time ever, crossing a critical milestone at a time when government spending is already under scrutiny. The national debt – which measures what the U.S. owes its creditors — hit $34 trillion as of Friday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion. "We are beginning a new year, but our national debt remains on the same damaging and unsustainable path," said Michael Peterson, CEO of the Peter G. Peterson Foundation, which advocates for fiscal sustainability. The historic debt level comes as Congress races to finalize critical funding bills in order to prevent a government shutdown. The national debt is expected to nearly double in size over the next three decades, according to the latest findings from the Congressional Budget Office. At the end of 2022, the national debt grew to about 97% of gross domestic product. Under current law, that figure is expected to skyrocket to 181% at the end of 2053 – a debt burden that will far exceed any previous level. "Though our level of debt is dangerous for both our economy and for national security, America just cannot stop borrowing," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. The White House was quick to blame Republicans on Tuesday evening for the astronomical rise in the federal debt. "This is the trickle-down debt — driven overwhelmingly by repeated Republican giveaways skewed to big corporations and the wealthy," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business. Even more worrisome is that the spike in interest rates over the past year and a half has made the cost of servicing the national debt more expensive. That is because as interest rates rise, the federal government's borrowing costs on its debt will also increase. In fact, interest payments on the national debt are projected to be the fastest-growing part of the federal budget over the next three decades, according to the CRFB. Payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032. By 2053, the interest payments are projected to surge to $5.4 trillion. To put that into perspective, that will be more than the U.S. spends on Social Security, Medicare, Medicaid and all other mandatory and discretionary spending programs. https://mynorthwest.com/3944857/rantz-homeless-fecal-matter-behind-explosion-shigella-cases-portland/ Homeless fecal matter behind explosion of Shigella cases in Portland Homeless people are spreading Shigella in and around downtown Portland, Oregon. Cases are now surging and could lead to a public health emergency. Shigella is a highly contagious bacteria that spreads through fecal matter. It’s usually spread when the bacteria is on someone’s hand and then they touch their mouth, or through sex. The Portland metro saw at least 218 cases of shigellosis in 2023, with 45 cases in December alone. Many of them occurred in Old Town. As cases rise, Multnomah County Deputy Health Officer Dr. Teresa Everson is advising the public to be alert, but not panic, as the cases are not occurring in the general public. But there’s fear in the community that that may change. The county is offering some infected homeless people free motel rooms to isolate in so they can mitigate the spread. “These cases can occur because bathrooms, handwashing sinks and soap can be hard to access when you aren’t housed,” she told KGW-TV. “And unhoused community members are at higher risk of infectious diseases in general, as they experience poorer health than the broader public.” Still, Everson advises people living and working in Old Town to be extra vigilant in washing hands. Though, she said most of the cases appear to be a result of sexual contact. Symptoms of Shigella infection include diarrhea, stomach cramps fever and vomiting that can last anywhere from three to 10 days. It can be treated with antibiotics. Though it’s rare to see this specific kind of outbreak amongst the homeless, once it spreads, it may be hard to contain since the homeless aren’t especially hygienic with a lack of access to restrooms. But it’s a crisis of Portland’s own making. Permissive left-wing policies have allowed homelessness to explode in Portland, rendering the city unrecognizable. In the waning months of 2023, officials finally committed to implementing a new strategy to target homelessness after public pressure forced them to accept the reality on its streets. In a long-overdue move, the city finally decided to enforce a camping ban on public property. The new policy was set to put much-needed restrictions in place, banning camping on all public property from 8 a.m. to 8 p.m. and limiting it during other hours. It’s a clear message: No more overnight stays in city parks, along riverbanks or near busy streets. But a judge stopped the ban from commencing after activist attorneys representing five homeless Portlanders sued the city. It’s part of a consistent strategy to stop any homeless policies from being enforced, with Radical Left activists fighting to keep homeless on the streets where they will now spread Shigella. Seattle and King County experienced a similar surge in cases that were addressed in 2021 after Public Health learned that 84% of the cases hit the homeless. https://www.foxnews.com/world/japan-airlines-passenger-plane-burst-flames-tokyos-haneda-airport Japan Airlines plane bursts into flames after collision at Tokyo's Haneda airport, leaving 5 dead A thick plume of black smoke rose over an airport runway in Japan on Tuesday after a Japanese aircraft collided with a coast guard aircraft and burst into flames, local media reported. Live footage on public broadcaster NHK showed Japan Airlines passenger plane JAL-516 on a runway at Tokyo's Haneda airport with flames coming out of its windows. Shortly after, the plane was entirely consumed. The coast guard aircraft pilot escaped, but the five crewmembers were killed, NHK reported. An official confirmed that a Bombardier Dash-8 Coast Guard plane was involved in the collision. A Japan Airlines spokesperson said more than 300 passengers were on board when the aircraft initially caught fire. NHK reported all 379 passengers and crew ultimately escaped from the plane. The aircraft JAL flight 516 had flown out of Shin Chitose airport in Japan to Haneda, officials said. Haneda is one of the busiest airports in Japan. All runways and services at the airport were suspended. https://townhall.com/tipsheet/spencerbrown/2024/01/02/veterans-and-service-members-demand-pentagon-accountability-for-vaccine-mandates-n2633048 'Enough Is Enough': Veterans and Service Members Demand Accountability From DoD Saying that "all internal efforts to rectify recent criminal activity within the Armed forces" have been "exhausted," more than 200 military veterans and service members signed and published a "Declaration of Military Accountability" on January 1 over the Department of Defense's its enactment and enforcement of the COVID-19 vaccine mandate. Invoking the Declaration of Independence in a declaration of their own, the current and former members of the U.S. military state that America has reached a point in its history where it is "necessary to admonish the lawless, encourage the fainthearted, and strengthen the weak" as the "affairs of our nation are now steeped in avaricious corruption and our once stalwart institutions, including the Dept of Defense, are failing to fulfill the moral obligations upon which they were founded." Unlike the Declaration of Independence, the signers of the Declaration of Military Accountability "seek no separation" as the patriots of 1776 did from Great Britain, "but through this letter and the efforts we pledge herein, we pursue restoration through accountability." On the Pentagon's enactment of the COVID-19 vaccine mandate, the declaration states that "military leaders broke the law, trampled constitutional rights, denied informed consent, permitted unwilling medical experimentation, and suppressed the free exercise of religion," actions that meant "[s]ervice members and families were significantly harmed." "Their suffering continues to be felt financially, emotionally, and physically," the declaration emphasizes of those affected by the DoD's COVID-19 vaccine mandate. "Some service members became part of our ever-growing veteran homeless population, some developed debilitating vaccine injuries, and some even lost their lives." Despite these outcomes, the declaration says "military leaders are continuing to ignore our communications regarding these injuries and the laws that were broken," calling the DoD's silence "an apparent attempt to avoid accountability." Naming a list of military leaders who "enabled lawlessness and the unwilling experimentation on service members" including "GEN Milley, ADM Grady, GEN McConville, ADM Gilday, ADM Lescher, Gen Brown, Gen Berger, Gen Smith, VADM Kilby, VADM Nowell, VADM Fuller, LTG Martin, Lt Gen Davis, MG Edmonson, GEN Williams, ADM Fagan, VADM Buck, Lt Gen Clark, MG Francis, LTG Dingle, Lt Gen Miller, RADM Gillingham, and numerous others," the declaration emphasizes that they "betrayed the trust of service members and the American people." "Their actions caused irreparable harm to the Armed Forces and the institutions for which we have fought and bled," the current and former members of the military say. "These leaders refused to resign or take any other action to hold themselves accountable, nor have they attempted to repair the harm their policies and actions have caused." Due to this lack of accountability, the 231 signatories to the declaration state their intention to "do everything morally permissible and legally possible to hold our own leadership accountable" because they "as service members and veterans...feel particularly responsible for the DoD and, in according with our oaths...will make every effort to demonstrate by example how an institution can put its own house in order." Signing "on behalf of hundreds of thousands of service members and the American people, while appealing to the Supreme Judge of the world for guidance and purity of intention, mutually pledge to each other that we will do everything in our power, through lawful word and action, to hold accountable military leaders who failed to follow the law when their leadership and moral courage was most desperately needed," the declaration explains. The action that will follow from the declaration, it explains, includes running for Congress and seeking appointments within the executive branch while those in active service "will continue to put fulfilling our oaths ahead of striving for rank or position." In addition, the declaration pledges that those who have the legal authority to do so will "recall from retirement the military leaders who broke the law and will convene courts-martial for the crimes they committed." Those who become lawmakers will "introduce legislation to remove all retirement income for the military leaders who were criminally complicit, and we will ensure none serve in or retire from the Senior Executive Service." Emphasizing that fulfilling their oaths to the Constitution requires "persistent vigilance," the declaration's signers also pledge to "train those who come after us to fulfill their duty in achieving this accountability and safeguarding against such leadership failures hereafter." "While all good things come to an end, we refuse to allow our nation to go quietly into the depths of decadence and decay," the veterans and service members declare. "We promise to exhaust all moral, ethical, and legal means to restore the rule of law and will begin by attempting to hold senior military leaders accountable" in addition to fighting to enforce the Constitution and "put an end to the two-tiered justice system." The Declaration concludes: "May future generations see our efforts and, God willing, may they also be recipients of the great gift of liberty that we have had the honor of safeguarding.”

This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, January 4th, 2024. Pub Membership Plug: Public Houses, or Pubs, are not just places to drink beer, wine, cider or even something a little stronger. It is also a unique social centre, very often the focus of community life in villages, towns and cities throughout the length and breadth of the world. We here at CrossPolitic hope to emulate that for you and yours. That’s why you should grab yourself a pub membership at fightlaughfeast.com… we need you on this ride with us. So pull up a chair, grab a pint, and join us on this ride at fightlaughfeast.com - that’s fightlaughfeast.com. https://www.foxbusiness.com/politics/us-national-debt-tops-34t-first-time-history US national debt tops $34T for first time in history The U.S. national debt topped $34 trillion for the first time ever, crossing a critical milestone at a time when government spending is already under scrutiny. The national debt – which measures what the U.S. owes its creditors — hit $34 trillion as of Friday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion. "We are beginning a new year, but our national debt remains on the same damaging and unsustainable path," said Michael Peterson, CEO of the Peter G. Peterson Foundation, which advocates for fiscal sustainability. The historic debt level comes as Congress races to finalize critical funding bills in order to prevent a government shutdown. The national debt is expected to nearly double in size over the next three decades, according to the latest findings from the Congressional Budget Office. At the end of 2022, the national debt grew to about 97% of gross domestic product. Under current law, that figure is expected to skyrocket to 181% at the end of 2053 – a debt burden that will far exceed any previous level. "Though our level of debt is dangerous for both our economy and for national security, America just cannot stop borrowing," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. The White House was quick to blame Republicans on Tuesday evening for the astronomical rise in the federal debt. "This is the trickle-down debt — driven overwhelmingly by repeated Republican giveaways skewed to big corporations and the wealthy," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business. Even more worrisome is that the spike in interest rates over the past year and a half has made the cost of servicing the national debt more expensive. That is because as interest rates rise, the federal government's borrowing costs on its debt will also increase. In fact, interest payments on the national debt are projected to be the fastest-growing part of the federal budget over the next three decades, according to the CRFB. Payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032. By 2053, the interest payments are projected to surge to $5.4 trillion. To put that into perspective, that will be more than the U.S. spends on Social Security, Medicare, Medicaid and all other mandatory and discretionary spending programs. https://mynorthwest.com/3944857/rantz-homeless-fecal-matter-behind-explosion-shigella-cases-portland/ Homeless fecal matter behind explosion of Shigella cases in Portland Homeless people are spreading Shigella in and around downtown Portland, Oregon. Cases are now surging and could lead to a public health emergency. Shigella is a highly contagious bacteria that spreads through fecal matter. It’s usually spread when the bacteria is on someone’s hand and then they touch their mouth, or through sex. The Portland metro saw at least 218 cases of shigellosis in 2023, with 45 cases in December alone. Many of them occurred in Old Town. As cases rise, Multnomah County Deputy Health Officer Dr. Teresa Everson is advising the public to be alert, but not panic, as the cases are not occurring in the general public. But there’s fear in the community that that may change. The county is offering some infected homeless people free motel rooms to isolate in so they can mitigate the spread. “These cases can occur because bathrooms, handwashing sinks and soap can be hard to access when you aren’t housed,” she told KGW-TV. “And unhoused community members are at higher risk of infectious diseases in general, as they experience poorer health than the broader public.” Still, Everson advises people living and working in Old Town to be extra vigilant in washing hands. Though, she said most of the cases appear to be a result of sexual contact. Symptoms of Shigella infection include diarrhea, stomach cramps fever and vomiting that can last anywhere from three to 10 days. It can be treated with antibiotics. Though it’s rare to see this specific kind of outbreak amongst the homeless, once it spreads, it may be hard to contain since the homeless aren’t especially hygienic with a lack of access to restrooms. But it’s a crisis of Portland’s own making. Permissive left-wing policies have allowed homelessness to explode in Portland, rendering the city unrecognizable. In the waning months of 2023, officials finally committed to implementing a new strategy to target homelessness after public pressure forced them to accept the reality on its streets. In a long-overdue move, the city finally decided to enforce a camping ban on public property. The new policy was set to put much-needed restrictions in place, banning camping on all public property from 8 a.m. to 8 p.m. and limiting it during other hours. It’s a clear message: No more overnight stays in city parks, along riverbanks or near busy streets. But a judge stopped the ban from commencing after activist attorneys representing five homeless Portlanders sued the city. It’s part of a consistent strategy to stop any homeless policies from being enforced, with Radical Left activists fighting to keep homeless on the streets where they will now spread Shigella. Seattle and King County experienced a similar surge in cases that were addressed in 2021 after Public Health learned that 84% of the cases hit the homeless. https://www.foxnews.com/world/japan-airlines-passenger-plane-burst-flames-tokyos-haneda-airport Japan Airlines plane bursts into flames after collision at Tokyo's Haneda airport, leaving 5 dead A thick plume of black smoke rose over an airport runway in Japan on Tuesday after a Japanese aircraft collided with a coast guard aircraft and burst into flames, local media reported. Live footage on public broadcaster NHK showed Japan Airlines passenger plane JAL-516 on a runway at Tokyo's Haneda airport with flames coming out of its windows. Shortly after, the plane was entirely consumed. The coast guard aircraft pilot escaped, but the five crewmembers were killed, NHK reported. An official confirmed that a Bombardier Dash-8 Coast Guard plane was involved in the collision. A Japan Airlines spokesperson said more than 300 passengers were on board when the aircraft initially caught fire. NHK reported all 379 passengers and crew ultimately escaped from the plane. The aircraft JAL flight 516 had flown out of Shin Chitose airport in Japan to Haneda, officials said. Haneda is one of the busiest airports in Japan. All runways and services at the airport were suspended. https://townhall.com/tipsheet/spencerbrown/2024/01/02/veterans-and-service-members-demand-pentagon-accountability-for-vaccine-mandates-n2633048 'Enough Is Enough': Veterans and Service Members Demand Accountability From DoD Saying that "all internal efforts to rectify recent criminal activity within the Armed forces" have been "exhausted," more than 200 military veterans and service members signed and published a "Declaration of Military Accountability" on January 1 over the Department of Defense's its enactment and enforcement of the COVID-19 vaccine mandate. Invoking the Declaration of Independence in a declaration of their own, the current and former members of the U.S. military state that America has reached a point in its history where it is "necessary to admonish the lawless, encourage the fainthearted, and strengthen the weak" as the "affairs of our nation are now steeped in avaricious corruption and our once stalwart institutions, including the Dept of Defense, are failing to fulfill the moral obligations upon which they were founded." Unlike the Declaration of Independence, the signers of the Declaration of Military Accountability "seek no separation" as the patriots of 1776 did from Great Britain, "but through this letter and the efforts we pledge herein, we pursue restoration through accountability." On the Pentagon's enactment of the COVID-19 vaccine mandate, the declaration states that "military leaders broke the law, trampled constitutional rights, denied informed consent, permitted unwilling medical experimentation, and suppressed the free exercise of religion," actions that meant "[s]ervice members and families were significantly harmed." "Their suffering continues to be felt financially, emotionally, and physically," the declaration emphasizes of those affected by the DoD's COVID-19 vaccine mandate. "Some service members became part of our ever-growing veteran homeless population, some developed debilitating vaccine injuries, and some even lost their lives." Despite these outcomes, the declaration says "military leaders are continuing to ignore our communications regarding these injuries and the laws that were broken," calling the DoD's silence "an apparent attempt to avoid accountability." Naming a list of military leaders who "enabled lawlessness and the unwilling experimentation on service members" including "GEN Milley, ADM Grady, GEN McConville, ADM Gilday, ADM Lescher, Gen Brown, Gen Berger, Gen Smith, VADM Kilby, VADM Nowell, VADM Fuller, LTG Martin, Lt Gen Davis, MG Edmonson, GEN Williams, ADM Fagan, VADM Buck, Lt Gen Clark, MG Francis, LTG Dingle, Lt Gen Miller, RADM Gillingham, and numerous others," the declaration emphasizes that they "betrayed the trust of service members and the American people." "Their actions caused irreparable harm to the Armed Forces and the institutions for which we have fought and bled," the current and former members of the military say. "These leaders refused to resign or take any other action to hold themselves accountable, nor have they attempted to repair the harm their policies and actions have caused." Due to this lack of accountability, the 231 signatories to the declaration state their intention to "do everything morally permissible and legally possible to hold our own leadership accountable" because they "as service members and veterans...feel particularly responsible for the DoD and, in according with our oaths...will make every effort to demonstrate by example how an institution can put its own house in order." Signing "on behalf of hundreds of thousands of service members and the American people, while appealing to the Supreme Judge of the world for guidance and purity of intention, mutually pledge to each other that we will do everything in our power, through lawful word and action, to hold accountable military leaders who failed to follow the law when their leadership and moral courage was most desperately needed," the declaration explains. The action that will follow from the declaration, it explains, includes running for Congress and seeking appointments within the executive branch while those in active service "will continue to put fulfilling our oaths ahead of striving for rank or position." In addition, the declaration pledges that those who have the legal authority to do so will "recall from retirement the military leaders who broke the law and will convene courts-martial for the crimes they committed." Those who become lawmakers will "introduce legislation to remove all retirement income for the military leaders who were criminally complicit, and we will ensure none serve in or retire from the Senior Executive Service." Emphasizing that fulfilling their oaths to the Constitution requires "persistent vigilance," the declaration's signers also pledge to "train those who come after us to fulfill their duty in achieving this accountability and safeguarding against such leadership failures hereafter." "While all good things come to an end, we refuse to allow our nation to go quietly into the depths of decadence and decay," the veterans and service members declare. "We promise to exhaust all moral, ethical, and legal means to restore the rule of law and will begin by attempting to hold senior military leaders accountable" in addition to fighting to enforce the Constitution and "put an end to the two-tiered justice system." The Declaration concludes: "May future generations see our efforts and, God willing, may they also be recipients of the great gift of liberty that we have had the honor of safeguarding.”

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, takes a look back at a year full of tense moments in fiscal policy, and looks ahead to what Congress will need to accomplish when they return in January. She speaks with hosts Manus Cranny, Katie Greifeld and Carol Massar.See omnystudio.com/listener for privacy information.

Rod Arquette Show Daily Rundown – Friday, September 22, 20234:20 pm: Terry Jones, Editor of Issues and Insights joins Rod to discuss his recent piece about how Democrats now say the U.S. Constitution is a threat to democracy.4:38 pm: Patrick DeHaan, a Senior Petroleum Analyst for GasBuddy.com, joins the show to discuss how and why gas prices have reached their highest level in eleven months.5:05 pm: Katherine Ballard, wife of Tim Ballard, whose efforts to fight child-trafficking were the basis of the movie “Sound of Freedom” and who most recently has been accused to sexual misconduct during his time with Operation Underground Railroad, joins Rod in-studio for an hour to discuss the accusations against her husband.6:05 pm: Brad Wilcox, Visiting Scholar at the Sutherland Institute and a Fellow at the Institute for Family Studies, joins Rod a piece he co-wrote in the Deseret News which advocates for the state of Utah to do a better job of tracking how children from married families do in school and life.6:20 pm: Carl Cannon, Editor of Real Clear Politics joins Rod for a conversation about the results of a new poll of voters about censorship and free speech in the United States.6:38 pm: We'll listen back to Rod's conversations this week with Maya MacGuineas of the Committee for a Responsible Federal Budget on the national debt reaching $33 trillion, and (at 6:50 pm) with Fox News columnist Liz Peek on how the Democrats may dump Joe Biden but will still own his ridiculous policies.

Rod Arquette Show Daily Rundown – Wednesday, September 20, 20234:20 pm: Clark Aposhian of the Utah Shooting Sports Council and host of Gun Radio Utah on KNRS joins Rod to discuss Joe Biden's forthcoming federal office of gun violence prevention, which is expected to be introduced on Friday.4:38 pm: Maya MacGuineas, President of the Committee for a Responsible Federal Budget, joins the program to discuss the national debt, which has now reached $33 trillion.5:20 pm: Orem Mayor David Young joins Rod to discuss the altercation he had with the daughter of a Utah County newspaper reporter who spit and slapped him following an Orem City Council meeting on Tuesday.6:05 pm: Tad Callister, Emeritus General Authority for the LDS Church and Chairman of the Why I Love America Committee joins the show to discuss his recent piece in the Deseret News where he wrote the Constitution was designed for moral and religious people.6:38 pm: Katie Spence, Energy and Politics Reporter for the Epoch Times joins Rod for a conversation about her piece on how some sanctuary cities claim to be past the breaking point of taking in illegal immigrants.

House Speaker Kevin McCarthy appeared on Fox News last week, signaling an impeachment inquiry may be coming for President Biden. This follows a months-long trend, with various Republican lawmakers calling for accountability and further investigation into the President and his family's business and foreign business dealings. Even as the GOP teases possible impeachment, the President will still have to work with Congress to approve a federal budget by the end of September or face a government shutdown. Fox News Senior Congressional Correspondent Chad Pergram explains how Speaker McCarthy has tested the water for impeachment and what's in jeopardy of being cut from federal spending as a government shutdown looms. For decades China has been purchasing portions of the United States' debt, ultimately earning the title of the largest foreign owner of U.S. Treasury securities. However, they forfeited their status after decreasing their holdings by more than nine percent, just under one trillion dollars. As tensions between the two countries continue to grow, many are concerned about the consequences of owing China money. President of the Committee for a Responsible Federal Budget, Maya MacGuineas explains the national security risks posed by foreign entities buying up American debt and why China's economic turmoil has impacted their decision to pull back.  Learn more about your ad choices. Visit megaphone.fm/adchoices

House Speaker Kevin McCarthy appeared on Fox News last week, signaling an impeachment inquiry may be coming for President Biden. This follows a months-long trend, with various Republican lawmakers calling for accountability and further investigation into the President and his family's business and foreign business dealings. Even as the GOP teases possible impeachment, the President will still have to work with Congress to approve a federal budget by the end of September or face a government shutdown. Fox News Senior Congressional Correspondent Chad Pergram explains how Speaker McCarthy has tested the water for impeachment and what's in jeopardy of being cut from federal spending as a government shutdown looms. For decades China has been purchasing portions of the United States' debt, ultimately earning the title of the largest foreign owner of U.S. Treasury securities. However, they forfeited their status after decreasing their holdings by more than nine percent, just under one trillion dollars. As tensions between the two countries continue to grow, many are concerned about the consequences of owing China money. President of the Committee for a Responsible Federal Budget, Maya MacGuineas explains the national security risks posed by foreign entities buying up American debt and why China's economic turmoil has impacted their decision to pull back.  Learn more about your ad choices. Visit megaphone.fm/adchoices

House Speaker Kevin McCarthy appeared on Fox News last week, signaling an impeachment inquiry may be coming for President Biden. This follows a months-long trend, with various Republican lawmakers calling for accountability and further investigation into the President and his family's business and foreign business dealings. Even as the GOP teases possible impeachment, the President will still have to work with Congress to approve a federal budget by the end of September or face a government shutdown. Fox News Senior Congressional Correspondent Chad Pergram explains how Speaker McCarthy has tested the water for impeachment and what's in jeopardy of being cut from federal spending as a government shutdown looms. For decades China has been purchasing portions of the United States' debt, ultimately earning the title of the largest foreign owner of U.S. Treasury securities. However, they forfeited their status after decreasing their holdings by more than nine percent, just under one trillion dollars. As tensions between the two countries continue to grow, many are concerned about the consequences of owing China money. President of the Committee for a Responsible Federal Budget, Maya MacGuineas explains the national security risks posed by foreign entities buying up American debt and why China's economic turmoil has impacted their decision to pull back.  Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on Breaking Battlegrounds, Chuck and Sam are joined by friend of the show, Chris Wilson. Later in the program, Maya MacGuineas of the bipartisan Committee for a Responsible Federal Budget calls in to talk about Bidenomics and our growing national debt.-Prior to starting WPA Intelligence in 2004, Chris Wilson was Global Director of Research for Weber Shandwick International, the world's largest public relations firm at the time.In 2021 Chris was named Pollster of the Year by the American Association of Political Consultants for his work directing survey research and predictive analytics on the Glenn Youngkin for Governor of Virginia campaign. In 2019 he was named Technology Leader of the year by Campaigns & Elections magazine.In 2016, as the Director of Research, Analytics and Digital Strategy for the Cruz for President campaign, Chris is credited for playing a key role in Cruz's triumph in Iowa and helping the Texas Senator finish with the most delegates earned by a 2nd place finisher since Ronald Reagan in 1976. Wilson and WPAi work with organizations like the Club for Growth, Freedom Works, Family Research Council, the Republican National Committee, the National Republican Senatorial Committee and the National Republican Congressional Committee providing data and polling.WPAi's data management platform, Bonfire, has become the dominant desktop as a service tool for conservative candidates and organizations from US Senate down to school board. Bonfire has leveled the playing field with the progressive left when it comes to the important use of predictive analytics by those on the right.Perhaps most importantly, for six consecutive cycles, WPAi clients have outperformed the partisan average win ratio in both their primary and general election contests by double digits.An Oklahoma native, Chris is a graduate of University of Oklahoma and remains an avid Sooner fan. In the rare instances that Chris isn't working, he enjoys watching OU and Cornell College, where his son Denver is the starting quarterback, football, spending time with his five children, reading, and racking up impressive amounts of frequent flyer miles.Chris is a regular political analyst on Fox News.-Maya MacGuineas is the president of the bipartisan Committee for a Responsible Federal Budget. Her areas of expertise include budget, tax, and economic policy. As a leading budget expert and a political independent, she has worked closely with members of both parties and serves as a trusted resource on Capitol Hill. MacGuineas testifies regularly before Congress and has published broadly, including regularly in The Washington Post, The Wall Street Journal, The New York Times, The Financial Times, The Atlantic, and numerous other outlets. She also appears regularly as a commentator on television.MacGuineas oversees a number of the Committee's projects including the grassroots coalition Fix the Debt; the Committee's Fiscal Institute; and FixUS, a project seeking to better understand the root causes of our nation's growing divisions and deteriorating political system, and to work with others to bring attention to these issues and the need to fix them. Her most recent area of focus is on the future of the economy, technology, and capitalism.Previously, MacGuineas worked at the Brookings Institution and on Wall Street, and in the spring of 2009 she did a stint on The Washington Post editorial board, covering economic and fiscal policy. MacGuineas serves on a number of boards and is a native Washingtonian.-Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds-TranscriptionSam Stone: [00:00:11] Welcome to another episode of Breaking Battlegrounds with your host, Chuck Warren. I'm Sam Stone. Our first guest up today, Chris Wilson, founder and CEO of WPA Intelligence. Prior to starting WPA in 2004, Chris was global director of research for Weber Shandwick International, the world's largest public relations firm. At the time, in 2021, he was named Pollster of the Year by the American Association of Political Consultants for his work directing, survey, research and predictive analysis. Analytics. Can't speak this morning on the Glenn Youngkin for Governor of Virginia campaign. In 2019, he was named Technology Leader of the Year by campaigns and elections. Awfully impressive resume. Chris, thank you again for joining us and welcome back to the program.Chris Wilson: [00:00:55] Well, thanks. I made it all up and sent it to you. You know, that's actually real. So wannabes out there, that's okay. That's okay. It's 2023. You can do whatever you want. Now, this is radio.Sam Stone: [00:01:01] We're good with fluff. So.Chris Wilson: [00:01:03] Exactly. Before we get to before we get talking some politics, tell us a little bit. Your son's playing at University of Oklahoma and playing quarterback, right? Well, no, they actually moved him to tight end. So really appreciate you asking. Yeah, I actually played quarterback his whole life. I was recruited out of high school to a small college in Iowa as a quarterback, but decided he wanted to come home. And it was a long story, actually. I ran into former Oklahoma coach Bob Stoops at a fundraiser for Kevin Stitt, who's a client of mine, the governor of Oklahoma. And they got to talking. And one thing led to another. You know, Stoops is a walk on wide receiver. Stoops, the son, is a walk on wide receiver at Oklahoma. And he was they were talking about that. And so. Denver yeah, he moved back and and walked on in the in the spring and you got to play about probably two thirds of the snaps in the spring game and we'll see. I have high hopes for him. The kid works his tail off and he's really a proud dad.Sam Stone: [00:01:56] Quarterback move into any kind of receiver position You just up your chance to get drafted by Bill Belichick. That's right. That's all there is to it.Chris Wilson: [00:02:02] That's right yeah that's Yeah. Six three about £210 tight end. You can get out there and rumble a little bit. Yeah. There you go. Um.Chuck Warren: [00:02:10] What a wonderful experience. I know you're a big University of Oklahoma fan, so that's probably extra pleasure for you seeing your boy out there.Chris Wilson: [00:02:16] Yeah, it's. Yeah, it's very cool. I'm pretty excited.Chuck Warren: [00:02:18] That's very cool.Chris Wilson: [00:02:19] And, you know, they'll be out playing at BYU this year.Chuck Warren: [00:02:20] That's right. We're going to see you out there for dinner. Looking forward to it. You'll you'll enjoy the Provo experience. All right. We're going to play a clip real quick. We'll click here real quick here. We'll click on Kamala Harris's word salad yesterday about culture. Jeremy, go ahead.Kamala Harris: [00:02:33] Well, I think culture is it is a reflection of our moment and our time. Right. And and and present culture is the way we express how we're feeling about the moment. And and we should always find times to express how we feel about the moment. That is a reflection of joy because, you know, it comes in the morning. We have we have to find ways to also express the way we feel about the moment in terms of just having language and a connection to how people are experiencing life. And I think about it in that way, too.Chuck Warren: [00:03:14] So Kamala reminds me a lot of your either Sam in elementary school asked to give a book report in front of the class, and we had not read the book. I mean, that's basically what she talks like, right? It's just many words as possible. So my question for you is, and you've done so much polling for so many years, does the vice presidency even matter anymore in regarding how we view the presidency? I mean, because who no one takes her serious. I mean, polling shows that.Sam Stone: [00:03:41] Kamala Harris brought to you by White Claw. Yeah, yeah.Chris Wilson: [00:03:44] Yeah. It's a word salad against word. Salad is a bad name. And she doesn't she clearly has no idea what she's talking about. And anytime she starts ripping on time or moments, you know, it's going to get good fast. Right. And it's also it's it's cringe worthy in the sense that even if you disagree with her and are are sort of watching sitting back going, okay this is now people are going to realize who she is. You're also thinking how embarrassing for the United States of America that this woman is in the second highest office. I guess it's arguable, but one of the highest offices in the land. And she can't deliver a simple sentence without a without embarrassing herself. And then the in the morning and then she does that cackle thing. It's really embarrassing and it's embarrassing for the administration. And somebody's got to just cut her off. They need to travel around like one of those big hooks that they used to have on game shows back in the 50s and 60s and just kind of pull her off stage before she goes so far that the dollar starts losing value.Chuck Warren: [00:04:47] But so my question. Yeah, I mean, so does she prove that who we So you're working for the superPAC for Ron DeSantis, correct? I am. That's correct. So you've you've I'm sure this is not the primary object of your research, but I'm sure you've thought about who's the best fix for him. Right. Do you think unless you get a real popular governor in a battleground state who actually has a. Political organization. Do they really matter at all?Chris Wilson: [00:05:14] Well, you kind of you kind of answered the question with your preamble to the question is, yes, it can matter a lot. Did it matter for Joe Biden? No, because it was an affirmative action pick, sort of like his Supreme Court pick was. He made it very clear that he was looking for an African-American woman and he just wanted somebody to fill that role. And so does it matter? Let's go back a step, though, is remember, whenever Joe Biden was rolling very damaged into South Carolina and he got the endorsement of a very important member of Congress by committing to that member of Congress that he would appoint a black woman as BP and or as to the Supreme Court. And things turned around for him there, because that vote constituency matters in the Democratic primary in South Carolina. So he went from someone who was in danger, grave danger of coming in distant in the primaries, as he had in Iowa and New Hampshire, to moving back into the frontrunner status. So it mattered to him in the primary. And did it matter in the general for him? No, it didn't. But I think you could argue that you can look at past picks that did have a strong impact. And I think about Lloyd Bentsen, even though he lost, but for Michael Dukakis had a big impact for him in 88, probably made a pretty significant difference. I think Al Gore had a big impact for Bill Clinton. He was able to deliver Tennessee. It's the last time, you know, Tennessee went for a Democrat.Sam Stone: [00:06:43] And and there are certainly been picks that that had impact. Kamala, though, Chris, I have to ask, I mean, I don't remember her being this incoherent previously. And it's not age like Joe Biden. So what the heck is going on? Or did we all just miss it? And she actually was this this absolutely this big a mess?Chris Wilson: [00:07:07] Well, I don't think many people paid attention to her as a senator from California or an attorney general from California. And the good thing about being a prosecutor is you're one. You don't really do much prosecuting in those roles. You have people who do it for you to your lines are pretty scripted before you walk out there. And when she's on script, she's not bad. I mean, she can deliver a good speech, but it's just whenever she starts riffing and I think she's developed a little bit too much confidence in her ability to do so. And so that's how you end up with this sort of common the sort of ongoing, embarrassing moments that you saw. I think it was yesterday when she gave the cringe speech.Sam Stone: [00:07:41] How does someone not pull her aside on her staff and be like, this is terrible, you need to fix this?Chris Wilson: [00:07:48] Well, have you read much about the situation with their staff? I mean, every time they do a camera angle, they all are just sitting there staring at you want to blink if they need help. And it's I feel like there is there's probably not anyone who can deal with her in that way. That's on her staff. She just seems to be one of those horrible bosses that just runs through people on an ongoing basis. And it's a it's an unfortunate story. And, you know, it's I often joke around that being a Democrat press secretary has got to be the easiest job on the planet. And this is certainly a representation of that because you think through what if we had if you were working for someone like that, Chuck, and you're doing political campaigns on a major level, or if I was today, there's no way you could survive that kind of situation. So you have one misstep word or, you know, you think back to whenever. Whenever Dan Quayle put an extra two E on potato because that was on the card in front of him. And it was a story that went on for weeks, if not months. And she's able to just roll right through this stuff as if it's we're being unfair or overly critical by by analyzing the fact that she can't put together a simple sentence about what culture is or what time is or what moments are.Chuck Warren: [00:08:58] All right. Let's go. Let's talk. Let's talk presidency. What issues do you feel are the winning issues for whoever the Republican candidate will be to defeat Joe Biden?Chris Wilson: [00:09:12] I think that starts and almost ends with the economy. You've got to understand that, that Americans are hurting. The price of everything has gone up substantially under Joe Biden, that the price is almost cost prohibitive for people to be able to commute to work on an ongoing basis. And that's by design, frankly, by the Biden administration. And so those are the those are the contrasts that have to be drawn and that and they're important. It's really just the overall significance, the overall ability of America to continue to succeed is is incumbent is dependent on that. And so I'd say that's number one. And if you were to go to a second point, I think there is a little bit of building, not a little bit, but there's a lot of rebuilding America's stature in the world after the withdrawal in Afghanistan, the way China has acted toward us, the way that Russia has acted toward us, there is just a complete dismissal of the United States as a foreign power at this point. I think that's an that is an important aspect, someone who can reclaim that. And I think there is another important aspect is just the overall important issue is the ability of parents to raise their own children. It is a a stunning development the way that Democrats have tried to get between parents and their kids. And I'll tell you, it's one of the reasons why you mentioned at the beginning that I worked for Glenn Youngkin. It's one of the reasons why Glenn Youngkin beat Terry McAuliffe, because Terry McAuliffe said made the famous gaffe that he didn't want parents telling teachers what they should teach their kids.Chris Wilson: [00:10:53] And moms and dads in Virginia rose up and said, no, I disagree with that. And I really think that and to be clear, I'm on the super PAC side of the partisan super PAC side. So let me compliment the campaign. They put out a video yesterday for moms for DeSantis, which Casey DeSantis talked about the role that Governor DeSantis has played in the state of Florida of protecting the rights of parents to raise their kids in the way they want to and to stop any woke teachers or woke systems from being able to intervene in the right of a parent to make decisions for their children or their children's education, their children's, the way their children are raised, whether or not their children are able to go and mutilate themselves with a doctor or have themselves mutilated by a doctor. It's just the overall the decisions that or the process that's going on right now. Those of us who have kids have kids. And, you know, I have five that the attempt of the left to get between a parent and their children and inject themselves into everything from the education to the raising to even the mutilation of that child is stunning to me that they believe that that is okay. And so I think that is also going to become it's a major issue that's going to come to light, particularly if Governor DeSantis is the nominee because of what he's been able to do to protect the parents rights in Florida. And I think that is could be the difference between a Republican winning and a losing right again, like we did in 2000.Chuck Warren: [00:12:28] Great. Well, we're going to take a quick break. We're with Chris Wilson. You can find him on Twitter at Wilson, WPA. You can also find him on Instagram at Wilson, WPA. Follow Chris. He has great insights. You'll stay up to date on what's going on on country. This is Chuck Warren Sam Stone at breaking battlegrounds, vote. We'll be right back.Sam Stone: [00:13:05] Welcome back to Breaking battlegrounds with your host, Chuck Warren. I'm Sam Stone. Folks, it's been another crazy week on the stock market. And if you need a opportunity to make a very high fixed rate of return, if you're looking for a fantastic return, that's not coupled to the stock market where you'll know what each monthly statement will look like with no surprises. You need to check out our friends at invest y Refy.com invest y refy is connecting student loan borrowers to to investors and they are just doing great for people on both sides. It's a fantastic opportunity. We highly encourage you to check it out. Go to their website at invest y refy.com or give them a call at 88yrefy 24 and tell them Chuck and Sam sent you. All right. Continuing on with Chris Wilson of WPA Intelligence. Chris, you are working in the primaries right now. One of the things I think there's obviously a lot of noise with Trump and DeSantis and some of the other candidates out there. But in terms of the issues, what issues should Republican voters be focusing on or Republican candidates be focusing on first to win the primary, but second, and more importantly, set themselves up to win the general election?Chris Wilson: [00:14:19] You know, I think from an issue standpoint, kind of what we covered in the last segment is, is what matters. I mean, all of those issues matter for Republican primary voters to the economy, parents right to raise their own children, a strong education, things like that. But I'll tell you what, if I were advising candidates directly, and particularly if I was advising this kind of gets into you move down from the presidential campaign because I still work with and WPA intelligence, we work with dozens, sometimes even hundreds of candidates around the country. And one of the things I can tell you I hear from them to a person is a concern about who is at the top of the ticket in 2024. And I'll tell you, this is not to nerd out too much on you guys, but there have been a lot of academic research that's been done about the impact that Donald Trump has had since he emerged on the political scene on elections and everything. Be careful what you wish for. Impact of President Trump endorsed in the midterms by Ballard and others, Comparing the impact of Joe Biden on popular attitudes to the parties. By Jacobson. 22 elections by also by Jacobson. But the most recent one, which is really interesting one by experimental evidence on public perceptions of Trump endorsements by Barron, McLaughlin and others all quantify the impact that Trump has had going back to 2018 on close elections. And the reason why this matters is if Democrats take a majority in the Senate, they're going to stack the Supreme Court. They're going to get rid of the filibuster. They're going to make D.C. and Puerto Rico states these aren't these aren't like pie in the sky speculations. These are things they say they want to do, they would do today if it wasn't.Sam Stone: [00:16:00] They've been very clear they want to do everything you just said.Chris Wilson: [00:16:04] So the study I just mentioned by Barron McLaughlin and Bloom on experimental evidence on public perception of Trump endorsements is that when Trump gets involved in a race, it actually costs that candidate seven points. It goes a high from nine to a low of five in a competitive general election. So I want you to think back to last cycle. You know, obviously in Utah, Mike Lee got into a close race. He was able to pull it out at the end, but there were some close races we didn't pull out in Arizona and Georgia and Pennsylvania. We almost I mean, think about how far behind Governor DeWine, JD Vance ran in Ohio. All of those are states are races where Trump had an impact. And so you can quantify that number at 79%. So we as Republicans, I think, should really care about what happens if we have somebody at the top of the ticket that takes 7 to 9 points off of every single candidate who's running in a competitive race. That's a and you can real quickly run down the numbers and think about how many House and Senate seats we would ultimately lose.Sam Stone: [00:17:03] Yeah, I mean, that's a bloodbath that that you're describing. And one of the things, Chris, that I don't think I haven't really seen polling that quantifies this more so just dealing with anecdotal evidence from independent voters or soft voters, whatever you want to call them, they are completely hardened against Trump, rightly or wrongly. And this is one of the things I tell a lot of Trump supporters.Chris Wilson: [00:17:29] And moving more against him, by the way.Sam Stone: [00:17:31] Yeah. And moving more against him.Chris Wilson: [00:17:32] Surveys, they continue to move more against him. Yes.Sam Stone: [00:17:35] And so I mean, for him to if he's going to be at the top of the ticket, he and his team have to address that. There's no evidence they're doing so. I mean, they're doubling and tripling down on all the things that are driving that cohort away.Chris Wilson: [00:17:48] No, I agree. And it's it is a real problem because there is nothing that's been done since 2020 to change the face of the election. If you believe that that weird things went on in Georgia and Arizona last time or there's there's nothing that's being done by their campaign to guard against that. And I'll tell you, there are weird things that happen in elections, no question about it. We had as many people, as many lawyers in Virginia at the Youngkin headquarters as we did staffers, because we wanted to guard against that. And that's how you have to do it in any close election. It's that has been the case since I've been involved in politics, which is over 20 years. And so you've got to guard against that. You've got to understand the rules and play against it. You know, I grew up playing basketball and I was there when the three point line came out. My coach hated the three point line. I said, Well, we still have to use it. Well, the same thing is true with with with ballot harvesting. I may hate that as a rule, but I can't leave that to the Democrats to do all by themselves. And so we will compete at that level and we have to be able to compete at that level. And I think that's the challenges that exist is if Donald Trump is the nominee, Republicans lose in 24 and they probably are 24 and they probably lose the House and the Senate by by historical numbers. And it puts us in a situation where America in 2025 and 26 is a very different place than we live in today. I don't mean to end on a down down note, but since you asked, I think that is the most important thing that every voter should take into account when they cast their ballot for in any primary in 2024.Sam Stone: [00:19:10] And Chuck, if the things that Chris just said listed at the start of this segment come true, in other words, Court-packing, Puerto Rico, DC. There's no recovery for Republicans.Chuck Warren: [00:19:21] No, that's right. No, no, there is not. Chris, what is something we've talked about these main issues, the economy. You know, we have we now have out today that they did a poll of 2500 US adults and they said they need to earn $233,000 a year to feel financially secure. Then you have America's role in the world. And I think one big thing about that's always been is our role as the preeminent power have made us feel safe. But I also think Americans like being number one. I mean, just look at Olympic sports, right? When we win. Right. And then we have the parents, you know, being able to, you know, decide what their children do. What are other issues with your crystal ball and research that you think lawmakers need to start paying more attention to? That can be that could really turn quickly against conservatives.Chris Wilson: [00:20:12] Well, another one that I think is has really come to the top is, is the wokeness of corporations. And I think the the the sort of forcing their values on Americans. And we've seen a lot of backfire on that. We've certainly seen a backfire with target Bud Light and it's even Ben and Jerry's over the weekend where they said you know every every company built on a tribe should give that land back. Everyone should give it a try. And then it turns out their their corporate headquarters on the tribe, they've lost $2.5 billion in corporate value since that happened. So because from people from people selling the stock and and the collapse of the company. So I think those are other aspects of it that where you look at someone who has been willing to take on woke the woke corporate left and stand up to them and take away things like tax incentives they asked for, which really I would argue that tax incentives are a conservative way of approaching work on corporations from a from a local government standpoint. And so I think those are aspects that matter, too. And it's an important thing for us to be paying attention to.Chuck Warren: [00:21:18] Well, Chris, we sure appreciate you joining us today and wish you the best of luck this cycle. We hope to have you on again before the Christmas season. Folks, please follow Chris Wilson at Wilson WP at Twitter, same thing on Instagram. Wilson. Wp There you can learn you can follow University of Oklahoma football quite well and you can also you can also you can also stay in touch with the research that's going on in our country. Chris, we sure appreciate your time and we hope you have a fantastic weekend, my friend.Chris Wilson: [00:21:46] Thank you. Good to talk to you.Chuck Warren: [00:21:47] Thanks. Bye bye. This is breaking battlegrounds. You can follow us at breaking battlegrounds. Vote and listen to us anywhere you get your podcasts. We'll be right back.Sam Stone: [00:22:05] Welcome back to Breaking battlegrounds with your host, Chuck Warren. I'm Sam Stone, continuing on with our fantastic guests for today, we have Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget. Boy, is that something we have needed for a long time. She is an expert in budget, tax and economic policy and has worked closely with members of both parties and serves as a trusted source on Capitol Hill. Maya, thank you and for joining us and welcome to the program.Maya MacGuineas: [00:22:32] Yeah, happy to join.Chuck Warren: [00:22:34] So both the left and right seem to be like Keystone cops on the national debt and budget deficit. They both think this is the one way or highway and that's the only way that works. So let's take, for example, let's start first with the belief that you can just tax your way out of this by taxing everybody who has money in the country. Is that possible?Maya MacGuineas: [00:22:51] There's not a chance. This is a problem that, quite frankly, you're going to have to put everything on the table in order to get where we need to fiscally. But the notion that you can just do this by raising revenues and you'll hear people who make that case saying, listen, what are the lowest tax countries in the world? We can certainly have higher taxes. True. We can have higher taxes. True. We're going to have to have higher taxes. But absolutely not the case that you can fix this problem entirely. On the revenue side of the budget, the biggest growth in our budget imbalances comes from growing health care costs, growing retirement costs, most of those fueled by the aging of the population and growing interest costs. Because we've borrowed so much interest payments on the debt are the fastest growing part of the budget. So no matter how much you bring your revenues up, the fact that spending is still going to be going, growing faster than your economy means it won't be able to keep pace. And you're going to have to bring some of those spending levels back under control.Chuck Warren: [00:23:50] All right. So now let's go to the argument the right likes to make. We can just cut all these programs and we can do this all in budget. Everything, balance it in ten years. Is that reality? Yeah.Maya MacGuineas: [00:24:01] That also not true and not even close. One of the things during the debt ceiling fight that I was really worried about was that people who thought you could do this on the spending side and wanted to be aggressive and are fiscally focused, which I am, and I share those beliefs. But I was worried they would overshoot and that they would say we have to balance the in ten years and do so by spending cuts. We're not going to be able to come anywhere close to balancing the budget in ten years. To do so would take saving about $16 trillion over that ten year period. The last time we saved $16 trillion was easily never, not not even close. Right. So this is not even in the realm of the possible. Now, a fiscal metric that I think is aggressive but doable would be what if we just stabilized our debt so that it's not growing faster? That doesn't grow up to above where it is right now, which is almost 100% of GDP, just doing that over ten years so that we keep it at the same level of debt to GDP that would require $8 trillion in savings. That is an aggressive amount. It is doable, but it is not doable. On just the spending cuts side of the budget. There's no way that no matter how much you pull back these programs, no realistic way that you could cut spending enough to save $8 trillion. The trajectory we're mythbusting here, which is good because everybody's out there making promises we don't make.Chuck Warren: [00:25:27] I mean, I'm convinced, you know, with our show, we have people I mean, we're conservative, but I don't think people understand math anymore. That's my concern. I mean, this is this is yellow pad, pencil in hand, math. And no one wants to seem to admit it. And we all created this problem. So we're all going to have to work together to get out of the problem.Maya MacGuineas: [00:25:48] Boy, do I agree with that one. And let me talk about that fuzzy math, because basically what you have on both sides of the aisle now is kind of made up fairy tale economics. So on the Republican side, you'll hear time and time again we're going to cut taxes. It's going to generate so much growth, it's going to pay for itself. Just nowhere close to reality. If you cut taxes, it is going to help grow the economy and it will do so so that it generates about $0.20 for every dollar you spend on tax cuts. So you still have to offset the bulk of those tax cuts by cutting spending or raising other taxes. And then on the left, you hear things like this policy is so important, we shouldn't have to pay for it, just not true. Like if something's important, the whole point of budgeting is you should pay for it. And if it's not important, you shouldn't do it. But the other thing that we've been hearing is people for the past year are saying, don't worry, we can just print more money. That is so fundamentally wrong. And we've seen that it's wrong because we've just had a huge bout and are still in the midst of of high inflation kicked off because we we put too much money in the economy. Borrowing for Covid was the right thing to do. But the last bill that we did put way too much money in the economy and created this inflationary problem that has only gotten worse with with additional factors exacerbating it. So there's a lot of made up economics out there. There's a lot of made up mathematics. This basically comes down to the basic issue of budgets and trade offs. We shouldn't be borrowing as much money as we are, and I can talk about that more.Sam Stone: [00:27:17] Yeah, absolutely. Absolutely. Maya, we're going to come back with more from Maya macGuineas here in just a minute, folks. Continuing on. She is the president of the Bipartisan Committee for a Responsible Federal Budget. And frankly, Maya, we really appreciate having you on this program. We love having these kind of honest discussions that I don't think are out there enough. And we're going to be continuing on with that. More in just a moment. Welcome back to Breaking Battlegrounds with your host, Sam Stone and Chuck Warren. Folks, are you concerned with stock market volatility? What if you could invest in a portfolio with a high fixed rate of return that's not correlated to the stock market or portfolio? Well, you know what each monthly statement would look like, but no surprises. You can turn your monthly income on or off, compound it, whatever you choose. There's no loss of principle. If you need your money back at any time, your interest is compounded daily, you're paid monthly and there are no fees. The secure collateralized portfolio that delivers a high fixed interest rate and by investing, you can do well for yourself by doing good for others. So check out our friends at Invest by Refy.com. That's invest the letter Y, then refy.com or give them a call at 88 y refy 24 and see how you can earn up to a 10.25% fixed rate of return.Chuck Warren: [00:28:50] Maya So I think one thing that gets lost when we talk budgets and deficits and debt is it becomes sort of an Excel spreadsheet. It's numbers and I think the numbers seem like monopoly numbers to a lot of people, right? So, for example, we want to talk here about, look, we need to have entitlement reform. There's no if butts ands it's, you know, two thirds of our budget Congress doesn't even control. It's just mandatory. And Sam and myself and you, we have loved ones who need Social Security. They're in it or they're expecting it real soon. Right. But I think one thing that doesn't get talked about enough is I'm a father. You have children based on Wikipedia. And Wikipedia never lies. Yeah. How does this when you look at these things, does that concern you for their future? What you have so much debt where you're paying interest more, you're paying spending more than money in the federal budget on interest debts than you are things that matter that it will create inflation, higher interest rates. Does this concern you as a mother?Maya MacGuineas: [00:29:48] Yeah. I mean, it's right. It's both systemic and personal, this issue. And so first, you know, we are actually spending this year more on interest payments to finance the debt of the fast pass than the entire federal budget spends on programs for children. That's how backwards this is. But absolutely, I mean, there are many reasons that I worry about the effects of the national debt. They're economic. They're leaving us vulnerable for future emergencies, their foreign policy and national security, where we're increasingly vulnerable and dependent on other countries. But one of the bottom line issues here is we are spending a lot of money because we want to we like those things and we are refusing to pay for it because none of us like paying taxes. And so the other option is we are then saying we will borrow this money and we will push those bills onto the future, onto our kids. And I will say, my kids refuse to listen to my deficit speeches at the dinner table. So shame on them for not caring. But no, but it is. And it's hard to get younger people to care about it because they think, as we all did when we were in our teens and 20s you're like, the world is great. Everything's going to be fine. I don't need to worry about future. But the truth and it's discouraging truth right now is we are leaving a country and frankly, a world that is much riskier, much more difficult to navigate, much more filled with potential risk to the next generation than we've ever seen before. And this goes well beyond the debt. It goes to national security, to the effects of technology, to all sorts of things that they need a strong budget to be able to respond to. And instead, we are giving them tens of trillions of dollars in debt that they owe just because we were unwilling to pay for these things ourselves, even though we are the beneficiaries of them.Sam Stone: [00:31:32] Yeah, one of the things that I find interesting, Maya, is that the the media and academia or whatever has sold kids on the idea that we are facing an existential crisis, potentially the death of the planet within 20 years from environmental issues. That's not particularly realistic. But we are facing a financial cliff that would affect them far, far more than anything the environment ever will in their lifetimes coming up very soon.Maya MacGuineas: [00:31:59] Well, I think it's interesting. I actually think the environment and the fiscal challenges have something in common, which is there's no immediate moment where it turns into the problem if you default. That happened on a certain day. If there's a government shutdown, that happens on a certain day. But when it comes to these issues, they slowly compound if we don't do anything about them. But there's no one moment where you say we can't return. And so you have members of Congress constantly saying we can punt this off until another day. But there should be no disagreement on the severity of having the amount of debt we have. We're not only are we spending more on interest than we are kids today, five years from now, we'll be spending more on interest payments than we are on national defense. This is an increasingly risky world. And so I don't know how you get kids to take this issue on and make it their own. Again, I think there's this eternal optimism that comes with youth. That means people can't believe it's really that big a problem. And numbers like trillion are so hard to follow. It's very difficult to personalize this. And lastly, the solutions, they're not fun. Here's the truth. We have to raise taxes, cut spending, fix our entitlement programs. Nobody thinks that's going to be fun, but you have to do that for the sustainability of our economic health. And so it's hard to get people to rally and march in the streets calling for fiscal reforms. But really, it's one of the most important things that we could do that also affects all the other issues that people do worry about.Sam Stone: [00:33:22] My I don't know if you saw the piece that was in the Hill on the fourth by Andrew Hale said China is in default on $1 trillion in debt to US bondholders. Will the US force repayment? This is debt that was created by the previous government prior to the Maoist takeover. But in international norms that doesn't erase the debt. China is the only country on earth not paying that. He actually suggested. Simply, we essentially nationalize that debt and wipe it off our books, take, you know, balance it against $1 trillion in in our treasuries that China holds, which would free up $95 Billion a month in interest payments. Is something like that practical or possible? And how much would that trillion dollars actually make a difference to our overall financial situation?Maya MacGuineas: [00:34:10] Yeah, I saw that.Maya MacGuineas: [00:34:11] Piece and I did think that was interesting. And I definitely think that a lot of this is interconnected with the tensions that we have with China and the fact that we are dependent on them, that they own almost $1 trillion of our treasuries. But I don't think unilaterally sort of nationalizing that debt or declaring that we're not going to repay what we owe China would be good because markets are beyond just the bilateral agreements. If we were to do that with China, there would be growing concerns through other countries, and I think that would hasten the effort that there already is to move away from the dollar as a reserve currency. And that is something that benefits us tremendously. So I think it's actually very important that the US not make changes that risk its status right now, something that we benefit from of being the safe haven and the reserve currency. I think what we really have to focus on is balancing our own books, spending only as much as we're willing to pay in taxes, borrowing only when there's economic emergencies and a real reason to do so. And we can't find any shortcuts around those those hard truths.Chuck Warren: [00:35:12] So let's talk entitlements for a minute, a little more detail on it. So like we said, there are people who are on Social Security now. We'll just use Social Security example, but there's Medicare, too, and you've got people who are close to retirement age. What do you think is the type of retirement reform we really should be talking about without affecting those who really count on this right now for day to day living?Maya MacGuineas: [00:35:33] Yeah, and I think that's the right question because I think we need to fix these programs in a way that strengthens and preserves them for the people who most need them, but understands that both of them are headed towards insolvency. Social Security and just over a decade, if we do nothing, there will be across the board 23% benefit cuts. And yet you have politicians of all stripes making promises not to touch Social Security or Medicare. Medicare also will have across the board 10% provider cuts if we don't make changes. So these folks are promising you not to touch your entitlements, are promising you that you will have provider and benefit cuts that will affect everybody. Instead, what we should be doing is. This isn't thought out. Policy solutions and Social Security. This is about 4 or 5 options. You can raise payroll taxes or the payroll tax cap. You can raise the retirement age, which makes sense because we're living longer. And you could start it now, but have it kick in very, very gradually over time for people under 55, 50, whatever. You can slow the growth of benefits. And I would do that on the high end, not across the board. And you can fix the way we calculate inflation, which overstates it right now. There are a lot of fixes we could put in for Social Security, but the longer we wait and we've already waited too long, the more difficult they will be.Sam Stone: [00:36:44] Maya.Maya MacGuineas: [00:36:45] Oh.Sam Stone: [00:36:46] I'm sorry. You talked about slowing benefits on the high end of the scale. This is something that's come up a lot on both sides is means testing for Social Security. I've fought this battle with Republicans for years and just said, look, we're just going to have to do this. This is going to come. There's one objection coming from the right. There's another from the left. It's from the left, though I don't understand their objection because it seems like that falls in line with everything else that they talk about.Chuck Warren: [00:37:13] Make the rich pay their fair share.Sam Stone: [00:37:14] Tax the rich. Why do we need to be, from their perspective, giving wealthy people this benefit rather than means testing it and directing it at the people that need it?Maya MacGuineas: [00:37:25] It's just a great question because it's honestly a policy I have never understood. If you support progressive policies on the tax side, you should also support progressive policies on the spending side. And right now we have actually very we have regressive Social Security benefits where the well-off, their benefits are more reflecting that they paid in more in taxes. And so the concern is, oh, if you if you reduce the benefits for rich people in Social Security, there won't be a strong constituency of support. They won't fight to save Social Security. That's just not true. The biggest growth we've seen in government benefits in past years have been like an Eitc and Medicaid programs that were directed towards the poor. So there are support. There is support for smart programs that help people who need them the most. And when I go out and I talk to people in town halls, they always say means test my benefit. If I don't need it, no problem. I just want it there if I do. So when I hear Democrats saying you can't touch benefits for rich people or having someone like Bernie Sanders actually suggesting increasing benefits for everybody, including rich people, it means it's more money getting spent on those who don't need it and less money for things that you might really worry about, like education, investment in children or at risk youth, things like that. So I think it's an internally very inconsistent argument. And I think means testing is one of the areas that makes the most sense given the situation we're in with Social Security and Medicare.Chuck Warren: [00:38:48] Well, I think I think the left's argument on this is based upon union loyalties, because they get good pensions and they don't want to see it cut for their members. But that's that's a red meat conversation for another day. All right. So let's talk about this. What do you think? I think it's really important that the US stay the economic superpower in the world. We have certain benefits that most countries do not have, nor will they ever have. My question for you is, what do you think we need to do realistically to make sure we keep and maintain that position for the next couple of decades?Maya MacGuineas: [00:39:18] I think there's a few things. One, we need to start paying for all the policies that we do instead of borrowing to we need to switch our budget priorities. Right now, about 85% of our budget is consumption. 15% is investment. We need to turn that on its head. We need to be making investments in human capital, basic R&D. We just put a lot of money into infrastructure. So I think that that should be fine for a while and we need to reduce overall spending so that more of that money can be in the private sector and making private sector investments. And finally, we need to switch our spending priorities, which are all focused on the old into investments in the next generation, because just the same reason it's damaging to borrowed so much and pushed that into the future and to kids not failing to invest in them, but giving very comfortable benefits to my father who doesn't necessarily need them. Those priorities do not keep us strong as an economic superpower. We also want to deregulate and a lot of ways and smart trade policy, all of those things which are going to recognize the importance of our being an economic superpower in this highly integrated global economy.Sam Stone: [00:40:22] You know, one of the discussions, Maya, that never comes up that I mean, and this may be a little bit outside your specific area of expertise is the cost of government programs has gone up dramatically, far more than the delivery of services from those programs. You're seeing a huge bureaucratic bloat. And it would seem at some point like one part or the other needs to start getting serious about leaning down government to actually deliver the dollars where they're intended to go.Maya MacGuineas: [00:40:51] 100%. 100%. If you talk to anybody in agencies right now, they are feeling the bloat. There's been so much money that has been a big run up in funding agencies in the past years, that there are situations where people are traveling because they don't know what to do with their budgets. There are people who are absolutely underworked and it's well known and that undermines the morale in place. So, listen, I don't want to take away from the main point, which is we have to fix our entitlement programs. We're not going to be able to do this without revenues. But there are savings to be had throughout the government, in the Defense Department, in the health care industries, in every one of our programs that's out there and in the government bureaucracy itself. And this should be something in order to help regain trust in government that we are able to really go through with a fine tooth comb and revamp a lot of these programs, free them of some of the bureaucratic constraints so that people can have more trust that if they are paying tax dollars, that those tax dollars are going to be used.Sam Stone: [00:41:48] Well, yeah, absolutely. I think all of that is critical. Maya macGuineas, thank you so much for joining us today. We really, really appreciate having you on the program. Folks, You can follow her on Twitter at Maya macGuineas, Mac McGinnis at Budget Hawks at Fix USA. Org and Crfb. Org. Maya, again, thank you so much for joining us on the program. We love having you on and look forward to having you on again in the near future.Maya MacGuineas: [00:42:17] Great. Nice to talk with you.Chuck Warren: [00:42:18] Thank you. This is breaking battlegrounds. Join us next for our podcast segment. We'll be honored to have Kylie Kipper straight from Houston talking crime and baseball. We're very excited about this.Sam Stone: [00:42:29] It's been a long time since we had Kylie.Chuck Warren: [00:42:31] She's got she's got a doozy. So folks, follow us at Breaking Battlegrounds Vote, share the podcast, and we'll talk to you here briefly on the podcast episode by.Sam Stone: [00:42:51] Welcome to the podcast, only segment of breaking battlegrounds. Up next, it's been a long time. It's been a very long time since we had a kyli true crime update. Kylie Kipper, our producer, hates being on the microphone today. She's been forced to be better at it. You know, you're great at it.Kylie Kipper: [00:43:10] That's the I'm getting more comfortable. I meant.Sam Stone: [00:43:12] Okay.Chuck Warren: [00:43:12] Two years will do that to you. Two years will do that to you.Sam Stone: [00:43:14] It's been a while, huh? So.Chuck Warren: [00:43:16] Kylie, you're actually in a state where there's been sort of this mystery. This young man was missing seven years ago, and then he showed up. And, you know, look, Americans love a kid being recovered. Story. All people do. If you don't, you don't have a heart. Right?Sam Stone: [00:43:29] So this is a strange one, though.Chuck Warren: [00:43:30] Chuck, So we're all excited about it then. Come to find out there's a little bit more to the story, which sadly seems to be a lot to these stories now. There always seems to be a little bit more to the story, right? So you've done some digging on it. Tell us about it. What's what's the true story here?Kylie Kipper: [00:43:44] Yeah, So there's a few pieces of this investigation which it's still ongoing. They have another press conference tonight, but they had one yesterday which has caused a lot of feathers to be ruffled. So Rudy Farias was 17 years old when his mom reported him missing after he took the dogs for a walk. It turns out that he had just run away and his mom had told him that police are looking for him and we'll put him in jail if he does not come home. So at that time, he went home two days later, but his mom never reported him of coming home. She just kept the investigation saying he's still missing. So he was discovered this week unconscious outside of a church in Houston where the police, when they reported to it to the scene, had just ended up calling his mom, saying, we found your son. And she was like, oh, this is amazing. She posted photos. I'm putting in air quotes of him in the hospital, which people, family members, his aunts, cousins have come out to say that those photos were taken in 2012. And they're not recent photos in which he did not, after being discovered at this church, did not go to the hospital to get any of the help that he may have needed. Um, the yesterday and the investigation. Police chief had said that they had many run ins with their family and that the entire time his mom would just say he is still missing if they would ask who he is in the house, because at this point he's gotten older, she would say, this is my nephew and give him a fake name.Sam Stone: [00:45:17] So So he was around. They they like set him up with a fake ID or something and were telling people he wasn't him.Kylie Kipper: [00:45:25] Yeah. Yeah. Um, and so the weird part about it is, is when they did the investigation with him and his mom, Rudy obviously would not speak about any wrongdoing of his mom the past eight years. So he would just say, you know, yeah, I was living at home. She just wanted me to keep it private. X, Y, z, until he got separated from his mom, which then he was doing an interview with a detective and this community activist named Quanell X. So this is where it gets like, all kind of. Different sides of the story. So the police chief in the interview yesterday said Rudy did not report any sexual assault charges by his. Or sexual assault wrongdoing by his mom. However, this Cornell gentleman who came out and was speaking and seemed very passionate about it was crying in the interviews. He was in the interview with the detective, and he clearly stated many times of sexual encounters with his mom that ultimately led him to run away after eight years, which is how he ended up at the church. So he had stolen his mom's car to get away from his mom. And some of these can be a bit disturbing, but you know, many things. So a little backtrack, a little history about his parents is his dad was also a part of the Houston Police Department until he committed suicide in around 2011, I believe, after they were investigating him for being corrupt. So people think that that has something to do with why the police chief is saying that there was that Rudy did not report any of this. However, Quanell has come out and done a bunch of interviews on Newsnation and Fox and is just saying he's reported that his mom would make him play daddy and would sleep naked in bed together.Chuck Warren: [00:47:19] And oh my gosh.Kylie Kipper: [00:47:21] Can use that kind of imagination, which ultimately would lead him to try to escape his mom again. After eight years. He would take she would take Rudy to work and make her or make him do her job.Sam Stone: [00:47:35] Um, she what was her job, do we know?Kylie Kipper: [00:47:38] It just seemed like some, like, low level.Chuck Warren: [00:47:41] Clerical type job.Kylie Kipper: [00:47:42] Yeah. Um.Sam Stone: [00:47:44] Was there any, like, financial incentive? I mean, was she, like, raising money for the search for him or something? What's the.Kylie Kipper: [00:47:50] Yes, she did have, um, a fundraiser online, which her goal was 75,000. I have not been able to find if she actually raised that money. But something else that came up was in Texas. If you have a child that goes missing after three years, you get a basically like a life insurance payout. So that's another thing that their goodness to see if she got that money. Um, but an ex-husband came out and said this is a little background about his mom now is an ex-husband came out and said that she was a bigamist. And what I could find is in 1997, she married some she married a guy. Then again in 1998, she married another guy in that same year. She wanted a annulment on the basis that she was already married to the previous guy, which neither of these is the police detective. In 2007. She then marries the detective for the Houston Police Department. And then in 1999 to 2010, there's another marriage that's been found and then a fourth marriage from 2009 to 2012 that has also been found.Chuck Warren: [00:48:56] Boy, some kid sure draw the short end of the stick who they get stuck with, parents and folks for you if you don't know, bigamy is when the crime of marrying someone while you're still married to someone else. In case you don't know that term, I hope it doesn't come up a lot in your conversations at home, but nonetheless, that's what it means. So what do you think happens now? What are the police saying? Or I guess we'll know more tonight, right? I mean, that's really the key.Kylie Kipper: [00:49:16] So everyone so after this investigation between his mom and his and Rudy, the detective that sat there with Quanell X, this community activist, left the room and Quanell, said, I'm going to do interviews on this. Is there anything you don't want me to say? And he said, No, you can say whatever you want. The detective then went into the next room and arrested or put handcuffs, not arrested, put handcuffs on the mom, which indicated that Quanell says this detective thought his mom had committed a crime. However, at the end of the day, they ended up just walking both of them out and they left together. So now no one is 100% positive where Rudy or his mom are located today.Chuck Warren: [00:49:54] Well, how old was he when he disappeared?Kylie Kipper: [00:49:56] He was 17 and.Chuck Warren: [00:49:58] He's been missing. They may say he was of sound mind to be in a relationship. I bet. I bet that's part of it. So we're going to have you talking about this again next week. You'll keep us up to date when you're back in the studio now, folks, so you don't understand. Kylie is in Houston today, not because she loves the summer weather of Houston, but nobody.Sam Stone: [00:50:16] Nobody loves the summer weather or the smell of Houston in the.Chuck Warren: [00:50:19] Summer. Her fiance, Isaiah Campbell, who's been playing Double A for the Seattle Mariners affiliate in Little Rock, was called up to the big league club, the Mariners, yesterday. And Kylie hopped on a plane and flew out there. And Kylie, just what was that experience like? What were your feelings? I mean, it's you know, look, a lot of people don't get to do this. So how was it for you?Kylie Kipper: [00:50:41] I mean, sometimes still to this moment, it doesn't feel real. Um, I think I did an interview yesterday with an MLB TV reporter, and it was very hard to articulate how I was feeling. And, you know, just like the emotions that go into it because he has just had this dream For him since he was little. And it's finally coming true. He is. Yesterday he was not in the game yet, so we're still waiting for his. Actual official debut. But he is on the roster and we're hoping it's. Tonight or tomorrow.Chuck Warren: [00:51:10] Well, folks, as you know, Sam and I adore Kylie and the great work she does on the show and Jamie. And so I was last night watching two teams. I could care less about the Astros and Mariners waiting for her to pitch. And apparently Isaiah's good teammate was the starter last night and decided like, let me pitch like a Cy Young Award winner this year. It's what he did. So Isaiah did not get in the game. So this weekend, if he can pull up the Mariners and Houston Astros and look for Isaiah Campbell to come in late innings to help the team out.Kylie Kipper: [00:51:39] Yeah.Sam Stone: [00:51:40] Can we just get Kylie to post a clip of his appearance so I don't have to watch a mariners Astros game?Chuck Warren: [00:51:45] Chuck Yeah, no, I agree. I agree. So before you get Kylie off and end the podcast, we just want to give a congratulations. And since Kylie is engaged, she'll appreciate this. Jimmy, Jimmy and Rosalynn Carter today are celebrating their 77th anniversary. Now, folks, let me let me talk about this for a minute here. The US census says 6% of married couples in the United States make the 50th wedding anniversary, one tenth of a percent make their seventh of those 75 years or more. They don't even keep the statistic. So that's that's how rare that is. And Sam makes a good point. You know, it's the longevity. The lifespan of.Sam Stone: [00:52:23] A man is like 79.Chuck Warren: [00:52:24] Years. There's a lot to this, but there's a lot of people who just don't want to be together 77 years. So there's something to this, right?Sam Stone: [00:52:30] It's an amazing it's an amazing thing. And congratulations to both of them, without a doubt. And it speaks to great character on both.Chuck Warren: [00:52:37] It really does. It really does. And it speaks to a great partnership. Yeah. So happy anniversary to the Carters. Kylie, We're very excited for you and we're excited for his first pitch to Major League Baseball this weekend. And so we'll keep in touch with you on that, folks. This is breaking battlegrounds. You can follow us on breaking battlegrounds vote. Besides the radio stations we're on, you can also catch us on podcasts wherever you listen to a podcast, please share. Please rate. Thanks a million. We'll be back next week. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit breakingbattlegrounds.substack.com

A conversation with the President of the nonpartisan Committee For a Responsible Federal Budget, Maya MacGuineas.  We're basically spending more to finance the borrowing of the past than investments in the future." . Maya MacGuineas has led the bipartisan Committee for a Responsible Federal Budget for two decades, placing her center stage to confront BOTH political parties on their management of our nation's fiscal health. . Our SmartHER interview provides an insider's perspective on America's debt and why it matters - with a personal touch! (Listen for the big life event that happened on the same day that Maya got her job!) . A must-listen on a topic we all know, we should know more about ~ a brewing fiscal storm that has the potential to impact all of our lives for years (and generations) to come.

Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.  On this edition, Joe speaks with:  Democratic Massachusetts Representative Jim McGovern, Ranking Member of the House Rules Committee, about the state of debt ceiling negotiations, and how work requirements are a major sticking point  Maya MacGuineas, President of the bipartisan Committee for a Responsible Federal Budget on debt ceiling talks  Bloomberg Politics Contributors Jeanne Sheehan Zaino and Rick Davis on growing doubt among House GOP members about the x-date  Joe, along with co-host Kailey Leinz speak with:  Douglas Holtz-Eakin, American Action Forum President, former Council of Economic Advisers Chief Economist, and former Director of the Congressional Budget Office for his views on the debt ceiling talks  Mariana Budjeryn, Senior Research Associate with the Project on Managing the Atom at the Harvard Kennedy School's Belfer Center on growing concerns surrounding a Russian-occupied Ukrainian nuclear power plant See omnystudio.com/listener for privacy information.

Maya MacGuineas is the president of the Committee for a Responsible Federal Budget.  Policymakers Need to Raise the Debt Ceiling

Maya MacGuineas, President of the Committee for a Responsible Federal Budget, shares her thoughts on debt ceiling negotiations and Treasury Secretary Janet Yellen's interview with Bloomberg on Friday morning. Aaron Levie, CEO at Box, explains how artificial intelligence will make his company more productive. Bloomberg Businessweek Freelance Contributor Christopher Beam talks about his Businessweek Magazine story The Crypto Winter Cost True Believers Much More Than Their Money. Hostess Brands CEO Andy Callahan discusses leading the iconic snack company in a more health-conscious society. And We Drive to the Close with David Dietze, Senior Portfolio Strategist at Peapack Private Wealth Management.Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Here we go again. Congress is facing a June 1 deadline to avoid a totally preventable “debt ceiling” crisis. If no one flinches in this dangerous game of chicken, the U.S. economy will be dragged into a cataclysm, destroying America's global reputation and unleashing unfathomable pain for every American family.An artifact from World War I, the debt ceiling comes back every few years to provide existential drama — the battlefield of partisan politics. It all sounds a bit insane, but it's only the latest crisis to be spawned by our increasingly dysfunctional political system. On this week's episode, Fernando is joined by Washington uber-insider Maya MacGuineas, president of the Committee for a Responsible Federal Budget, to discuss her mounting fear that a “default is possible” and what we can do about it.Also, Fernando chats with Nellie Gorbea, former Rhode Island Secretary of State, for the latest installment of the X-Ray Vision interview. In this quirky conversation, Nellie shares her dream superpower, transformative leadership vision, and why Puerto Rican rum is superior to scotch.Subscribe wherever you get your podcasts and follow the show on Twitter, Facebook, and Instagram! For more information, check out thexray.org.

Washington Post editorial writer and columnist Heather Long speaks with Maya MacGuineas, president of the Committee for a Responsible Federal Budget, about the current standoff between Congress and the White House over the federal debt ceiling and what's at stake for the U.S. economy. Conversation recorded on Monday, May 8, 2023.

Congressman Tim Burchett (TN-02) sits down with Maya MacGuineas, the president of the Committee for a Responsible Federal Budget on this episode of Tennessee Talks to discuss the United States' budget process, how we can reduce spending and pay down debt, and what Republicans and Democrats need to do to find common ground when it comes to spending.

The House Judiciary Committee held a "Victims of Violent Crime in Manhattan" hearing Monday on District Attorney Alvin Bragg's approach to the city's rising crime. House Republicans claimed Bragg's progressive policies have made New York unsafe, allowing crime to flourish while negatively impacting the city's communities. The hearing comes just weeks after Bragg charged former President Trump of falsifying business records. Attorney and retired NYPD inspector Paul Mauro joins the Rundown to discuss Bragg's soft-on-crime policies, the politics surrounding the hearing, and what factors contribute to rising crime rates in major cities. On Monday, House Speaker Kevin McCarthy spoke before the New York Stock Exchange, saying Republicans would soon vote to raise the debt limit for one year on the condition that this comes with spending cuts to corral the nation's over 30 trillion dollars of debt. President Biden has already spoken on the issue, calling for Congress to raise the debt limit without conditions and keep negotiations on the budget free from the threat of the looming debt ceiling. President of the bipartisan Committee for a Responsible Federal Budget, Maya MacGuineas, joins the podcast to discuss how both political parties have contributed to America's current massive national debt, the importance of raising the debt ceiling without making the debt burden worse, and the consequences of a potential default.   Plus, commentary by 12-time NCAA All-American swimmer, Riley Gaines. Learn more about your ad choices. Visit megaphone.fm/adchoices

The House Judiciary Committee held a "Victims of Violent Crime in Manhattan" hearing Monday on District Attorney Alvin Bragg's approach to the city's rising crime. House Republicans claimed Bragg's progressive policies have made New York unsafe, allowing crime to flourish while negatively impacting the city's communities. The hearing comes just weeks after Bragg charged former President Trump of falsifying business records. Attorney and retired NYPD inspector Paul Mauro joins the Rundown to discuss Bragg's soft-on-crime policies, the politics surrounding the hearing, and what factors contribute to rising crime rates in major cities. On Monday, House Speaker Kevin McCarthy spoke before the New York Stock Exchange, saying Republicans would soon vote to raise the debt limit for one year on the condition that this comes with spending cuts to corral the nation's over 30 trillion dollars of debt. President Biden has already spoken on the issue, calling for Congress to raise the debt limit without conditions and keep negotiations on the budget free from the threat of the looming debt ceiling. President of the bipartisan Committee for a Responsible Federal Budget, Maya MacGuineas, joins the podcast to discuss how both political parties have contributed to America's current massive national debt, the importance of raising the debt ceiling without making the debt burden worse, and the consequences of a potential default.   Plus, commentary by 12-time NCAA All-American swimmer, Riley Gaines. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.  On this edition, Joe speaks with: Maya MacGuineas, President of the Committee for a Responsible Federal Budget, on Speaker McCarthy's budget plan Bloomberg Politics Contributor Jeanne Sheehan Zaino and Rick Davis on the debt ceiling Mick Mulvaney, former-Budget Director, currently co-chair at Actum global consultants, on budget talks Mike Dorning, Bloomberg News White House editor, on Trump and DeSantis attack ads See omnystudio.com/listener for privacy information.

Maya MacGuineas of the Committee for a Responsible Federal Budget discusses our broken budget. The panel then turns to Israel and democracy. highlights/lowlights Damon's: https://www.liberalpatriot.com/ Bill's: https://www.washingtonpost.com/opinions/2023/03/29/investigating-low-fertility-rates/ Mona's: https://www.newyorker.com/news/our-columnists/the-secret-joke-at-the-heart-of-the-harvard-affirmative-action-case Learn more about your ad choices. Visit podcastchoices.com/adchoices

Maya MacGuineas of the Committee for a Responsible Federal Budget discusses our broken budget and the fiscal gridlock that is undermining America's economic strength. Plus, why people are taking to the streets in Israel. highlights/lowlights Damon's: https://www.liberalpatriot.com/ Bill's: https://www.washingtonpost.com/opinions/2023/03/29/investigating-low-fertility-rates/ Mona's: https://www.newyorker.com/news/our-columnists/the-secret-joke-at-the-heart-of-the-harvard-affirmative-action-case Learn more about your ad choices. Visit podcastchoices.com/adchoices

Maya MacGuineas is the president of the Committee for a Responsible Federal Budget. Congress Should Limit Discretionary Spending to Help Control the Debt

In this episode of The Power of Zero Show, David McKnight shares evidence that unless there is immediate and dramatic fiscal realignment by the Federal Government, the U.S. will be mired down in a Great Depression by 2030. Citing Brian Beaulieu, David discusses the role Baby Boomers play when it comes to Beaulieu's prediction of the U.S. undergoing a Great Depression beginning in 2030. David shares that Maya MacGuineas' recent study showed that, just to prevent the debt from growing at a rate in excess of $1trillion per year by 2025, the Government would have to raise taxes on any dollar earned above 400,00 to 102%. David brings David Walker's words into the conversation. According to Walker, on average, Americans pay about 21% of their income to federal taxes, and another 10% to state and local governments. By 2030, to pay the rising bills, that amount could be at least 45%, even higher that the average 42% that most Europeans pay. David talks about a couple of points Brian Beaulieu, David Walker, and Maya MacGuineas seem to be in agreement on: that tax rates will have to go up dramatically by 2030 and that politicians are likely to kick the can down the road. David touches upon what you can do to best prepare for the Great Depression of 2030.     Mentioned in this episode: David's books: Power of Zero, Look Before Your LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube POZ Video: How High Will Biden Have to Raise Your Taxes? Comeback America by David M. Walker Brian Beaulieu David M. Walker Maya MacGuineas