Former EY CEO Mark Weinberger on federal deficit: The position we're in today is a spending problem

[@Mostly_bad]

Why can’t we cut defense? This groupthink is the problem.

[@Wongseifu548]

Think he is saying from. A realism standpoint too many interested parties would never let that happen

[@panda.paradox.91]

Cut defense spending while were involved in multiple wars? Or.. stop giving tax breaks to people who don't need them... which is a lot more expensive and pointless.

[@serg320]

Cut expenses on housing, transportation, feeding migrants. Stop paying Ukraine multi billions every other week Stop funding to private universities. This would be a start

[@Wongseifu548]

More like stop funding isreals insanity, literally bring in competition into the health car market forcing actually competition, increase scrutiny on the insurance industry as a whole and rein in groups like the financial services industry and big oil

[@GeorgeSchneider8889]

Conclusion A series of massive, permanent tax cuts have created large federal budget primary shortfalls and continue to exert upward pressure on the debt ratio. In other words, the current fiscal gap-the growing debt as a percentage of the economy-stems from legislation that cut taxes, disproportionately for the very rich. While it is true that the Great Recession and legislation to fight it, along with the costs of responding to the health and economic effects of COVID-19, pushed the level of debt higher, these costs were temporary and did not change the trajectory of the debt ratio. If Congress wants to decrease deficits, it should look first toward reversing tax cuts that largely benefited the wealthy, which were responsible for the United States’ current fiscal outlook.

[@panda.paradox.91]

Finally, a voice of reason.

[@ube187]

The problem is not taxes, it's spending. We all know who you're voting for ;)

[@GeorgeSchneider8889]

@@ube187 Any candidate who pledges to pass a $15 mw and the child tax credit. Nothing short of that 🤷‍♂️ I don’t care even if it was DJT

[@christown6215]

The big guys are shorting bonds so they have to get the fear going.

[@rickhayes-oh2zm]

never said this when biden was in . Now you know trump is going to win trump has to do the right thing.

[@akpistol141]

The Federal government is simply too large. They are involved in the daily lives of citizens far beyond the original scope of the framers. People are spending like drunken sailors these days. Who needs an $80k truck or car? Most are house poor.

[@panda.paradox.91]

This is so detached from reality. Maybe you should get off the internet for a while.. stage 8 or 9 brain rot.

[@dreadfuldonkey]

How much tax is being collected off of corruption?

[@leovenier1011]

0:43 I don't think you get it this has to happen debt means worldwide growth 📈 I am living it up ❤️

[@YaoAnne-j7g]

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.

[@DerickSams]

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[@ElizabethHansick]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@DerickSams]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@ElizabethHansick]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience..

[@ElizabethHansick]

look up her name on the web for her website.

[@mikekorn6968]

it IS A SPENDING problem. BOTH corrupt political parties have created this mess & now the tax payers are on the hook. TERM LIMITS

[@Archeops24]

Meanwhile, imagine sending money to other countries to promote "gender studies"

[@Watcher1-jr5lo]

Gold, Silver, Bitcoin, and lead.

[@ashtondowling-iq2lo]

If you got rid of all of the loopholes and made the rich pay what they owe in taxes we’d be out of this mess. But no, cut support for lower and middle class households instead. Because that’s obviously the right thing to do.

[@theruraloregonian1802]

The narrative is changing, take notice.

[@mayerseyer3109]

Why don't the federal government stop paying for disaster reliefs for hurricanes, wild fires, floods and tornadoes? Their own states could and should pay for their own residents. That would be saving trillions in 10 years. Also stop farm subsidies that payout to giant agri corporations. Remove restrictions on importing pharmaceuticals to cut medical costs that would benefit the elderly.

[@mattwalter6207]

National debt was a non-issue in the 24 election. It will be the main issue in the 28 election

[@harrychu650]

Correct, Elon Musk's Gov't Efficiency Board is essential to reverse the damage caused by 4 years of this Harris Administration.

[@MotherEarth573]

Increase retirement age, higher cost healthcare !? Means you work until old and then die without collect Social Security and pension. Bcuz can’t afford medical needs, doesn’t have to pay Social Security and retirement pension anymore.

[@Watcher1-jr5lo]

Nope. Its the creature from Jekyll Island.

[@davidl242]

Never understood why they need Joe on this show….

[@tour80]

CEO's can't look more than 1 quarter ahead....what makes you think that they have any idea of what it takes to manage a country of 300+ million? Remember you can't fire your citizens to cut costs...but maybe they think otherwise haha