Podcasts

Do Debt and Deficits Matter? It Depends on Who’s Minding U.S. Fiscal Policy: Podcast

CQ on Congress, Episode 116

Chairman Kevin Brady, R-Texas, sits in front of books of the U.S. tax code, during a House Ways and Means Committee markup of the Republicans' tax reform plan in November. (Tom Williams/CQ Roll Call file photo)
Chairman Kevin Brady, R-Texas, sits in front of books of the U.S. tax code, during a House Ways and Means Committee markup of the Republicans' tax reform plan in November. (Tom Williams/CQ Roll Call file photo)
By Peter Cohn
Posted August 17, 2018 at 9:30am

The Congressional Budget Office recently revised its earlier, already dire warning that the national debt will be 150 percent larger than the entire U.S. economy within 30 years — and GOP budget and tax proposals could make a bad situation much worse.

CQ News editors Patrick B. Pexton and Pete Cohn discuss the political landscape of debt and deficits heading into what could be a fateful midterm election.

Show Notes:
• History Shows You Can’t Bank on Tax Bill Projections
• Record Debt Pile by 2029 if Tax Cuts, Budget Deal Extended, CBO Says
• Opinion: Want to Fix the Debt? Bring Back Earmarks