
Reduce Deficits Now to Avoid Fiscal Crisis
Cato Daily Podcast
Introduction
This chapter delves into the current high federal budget deficit, warning about the unsustainability and potential consequences of ongoing borrowing at dramatic levels. It stresses the urgent need for early action to avoid a fiscal crisis and the challenges posed by promises made to elderly populations regarding Social Security and Medicare.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.