Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins Kopi Time from Washington DC to talk about all things fiscal.  She provides an historical context to the path of US government debt, from balanced budget and near zero debt days of the 1990s to 100%+ debt/GDP today. She provides valuable insights into the rigidities of spending, the political inclination to pursue unfunded tax cuts and spending increases, and the risk of unchecked expansion of federal government deficit and debt. She assesses the pros and cons of the recent and forthcoming fiscal packages, her wish list of fiscal reforms, especially fiscal rules, and the political room available for debt consolidation. Maya’s team works with both major US political parties to keep fiscal responsibility alive; it’s hard but essential work, and is critically important to follow for those invested in the US economy.  

<p>Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins Kopi Time from&nbsp;Washington DC to talk about all things fiscal.&nbsp;&nbsp;She provides an historical context to the path of US government debt, from balanced budget and near zero debt days of the 1990s to 100%+ debt/GDP today.&nbsp;She provides valuable insights into the rigidities of spending, the political inclination to pursue unfunded tax cuts and spending increases, and the risk of unchecked expansion of federal&nbsp;government&nbsp;deficit and debt. She assesses the pros and cons of the recent and forthcoming fiscal packages, her&nbsp;wish list of fiscal reforms, especially fiscal rules, and the&nbsp;political room available for debt consolidation. Maya&rsquo;s team works with both major US&nbsp;political&nbsp;parties to keep fiscal&nbsp;responsibility alive; it&rsquo;s hard but&nbsp;essential work, and is critically important to follow for those invested in the US economy.&nbsp;&nbsp;</p>

Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.

<p>Kopi time is a podcast series on insights from markets and economies around the world, hosted by Taimur Baig, Ph.D., Chief Economist of DBS Bank Ltd.</p>

Kopi Time podcast with Taimur Baig

DBS Economics & Strategy

Kopi Time E055: Maya MacGuineas on US deficit and debt

https://api.omny.fm/orgs/f6ad7490-363d-4f1f-8948-abf300412a6f/clips/3a5727ed-4589-4277-a78a-ad3400ae2774/transcript