America is quickly running out of time to get its financial house in order. With the debt-ceiling deal passed earlier this month, “we missed a major opportunity… by not cutting more, and by not putting together a plan that actually gets at the root cause of our debt problem, which is overspending, mainly by our entitlement programs—Social Security, Medicare, Medicaid.” That is the view of Curtis Dubay, an economist and Senior Policy Analyst at the Heritage Foundation, a leading conservative think tank in Washington. Dubay has written extensively on taxes, and previously worked for PricewaterhouseCoopers.
We also discussed the role of the Tea Party in today’s political process, the problem of baseline budgeting, and the impact of the way that Washington went about the so-called bailout of the automobile industry.
You can listen to a podcast of the interview, or read the full transcript, here.
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