Danny Heil, a policy fellow at the Hoover Institution focused on federal budgets, and Tom Church, a fellow studying health care and income inequality, dissect the complexities of the federal budget. They highlight public misconceptions about major expenditures like Social Security and defense, emphasizing the urgent need for fiscal strategy reform. The discussion also tackles fraud in Medicaid and Medicare, the challenges of modernizing payment systems, and critiques the idea of replacing income tax with tariffs, suggesting it could harm the economy.
