Maya MacGuineas talked about the Congressional Budget Office report showing that the federal budget deficit fell to $492 billion for fiscal… read more
Maya MacGuineas talked about the Congressional Budget Office report showing that the federal budget deficit fell to $492 billion for fiscal year 2014, a 32 percent decline from 2013. She said that the budget deficit “was cut in half over the past four years, but it grew 750 percent in the two years before that.” Ms. MacGuineas argued that while a shrinking deficit was good news in the short term, no reforms were enacted to address long-term debt problems such as Social Security, Medicare, and accrued interest from debt. She also said that many of policy changes put in place to lower the budget deficit were “ really dumb,” citing sequestration budget cuts and underfunding of infrastructure projects among her examples.
C-SPAN Radio’s Nancy Calo read news headlines at the conclusion of the program. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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- Maya MacGuineas President Committee for a Responsible Federal Budget
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