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.
People in this video
- MacGuineas, Maya President Committee for a Responsible Federal Budget
More Videos From
Washington JournalMore Videos
Maya MacGuineas on Federal Budget Deficit Reduction
Maya MacGuineas talked about the Committee for a Responsible Federal Budget’s new plan for deficit reduction, and…
Future of Deficit Reduction
Maya MacGuiness talked about congressional efforts to reach agreement on ways to reduce the federal budget deficit..She…
Solutions to U.S. Debt and Deficit
Maya MacGuineas talked about her ideas for stabilizing federal debt, and she responded to telephone calls and…
U.S. Rising Debt and Deficit
Maya MacGuineas, President of the Committee for a Responsible Federal Budget, talked about raising the ceiling on the…