Macro Musings with David Beckworth
Marc Goldwein on the US Government Budget: Structure, Challenges, and Reform Strategies
Oct 9, 2023
Marc Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, discusses the challenges and structures of the US government budget. Topics include government shutdowns, inflationary episodes, and reform strategies for Medicare and Social Security.
53:37
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Quick takeaways
- Addressing the challenges of the U.S. government budget requires tackling the aging population, rising healthcare costs, and growing interest rates.
- Excessive fiscal and monetary policies during the pandemic have contributed to high inflation and large budget deficits, emphasizing the need for long-term sustainability of programs like Social Security and Medicare.
Deep dives
The Need for Long-Term Budget Solutions
The podcast discusses the importance of finding long-term solutions for the U.S. government budget. It emphasizes the challenges and trajectories of the budget, highlighting the need to address the aging population, rising healthcare costs, and growing interest rates.
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