Macro Musings with David Beckworth cover image

Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets

Macro Musings with David Beckworth

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Fiscal Challenges and Debt Reform

This chapter explores the urgent need for entitlement reform and bipartisan cooperation to manage national debt, currently at $36 trillion. The discussion highlights the implications of increased spending post-COVID and advocates for resetting expenditures to pre-pandemic levels to restore fiscal responsibility.

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