Political Gabfest Big and Beautiful or Huge and Horrendous
63 snips
May 22, 2025 
Joining the discussion is Jason Furman, a Harvard economist and former Chair of the Council of Economic Advisors under Obama. He provides insightful analysis on the recently passed Republican budget bill, highlighting its potential impact on the economy and national deficit. The conversation also delves into the Department of Justice's selective investigations, raising concerns over political intimidation. Additionally, the rise of antisemitism amid dissent against Israeli policies is explored, shedding light on the complexities of free speech in contemporary politics.
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Sell America Trade Effects
- The "sell America trade" signals lack of confidence in the US due to rising deficits and tariffs.
- This manifests as rising interest rates, a weakening dollar, and falling stock markets simultaneously.
Deficit Impacts Are Long-Term
- Effects of big deficits on the economy are more medium to long-term than immediate.
- Immediate impacts are limited to quick Medicaid coverage losses affecting millions.
Tax Reform Lacks Rationality
- The Republican tax bill is a "tax deform" lacking rational design and increasing deficits.
- More thoughtful reforms would be revenue neutral and reduce loopholes, not just cut rates.