Catherine Rampell on Trump’s Economic Policies
The Al Franken Podcast
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Debt Dilemma: Balancing Budgets and Risks
This chapter critiques a political leader's speech on balancing the federal budget, revealing the reality of increasing deficits due to cuts in essential programs and tax reductions. It discusses the implications of rising national debt, interest rates, and the recent downgrade of the U.S. credit rating, highlighting the potential for a fiscal crisis. The chapter reflects on historical trends in debt accumulation and the urgent need for responsible fiscal policies.
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