14min chapter

Breaking Points with Krystal and Saagar cover image

10/24/22: Ukraine War, China's Congress, Midterm Voting, Student Debt, Market Fundamentalism, & More!

Breaking Points with Krystal and Saagar

CHAPTER

The Truss Budget Crisis and the GOP's Plan for Governance

This chapter discusses the repercussions of an economic program in the UK, which resulted in a crash in the pound and increased borrowing costs. It highlights the dangers of the GOP's plan to use the debt limit as a tool for spending cuts and mentions their desire for tax cuts, loopholes, and cuts to Social Security and Medicare. The chapter draws parallels between the Truss budget crisis and the potential economic insanity if the GOP's plan is implemented.

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