Episode 901: The Economic Impact of the Government Shutdown

Newt's World

Gingrich 360

News, Politics

4.7 • 6.3K Ratings

🗓️ 16 October 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Newt talks with Vance Ginn, former associate director for economic policy at Office of Management and Budget (OMB) about the economic impact of the government shutdown. They discuss the intricacies of government spending, the role of the Office of Management and Budget (OMB), and the challenges of achieving a balanced budget. Ginn emphasizes the need for fiscal responsibility, highlighting the importance of reducing waste and inefficiencies within government operations. Their conversation also covers the impact of the Dodd-Frank Act and the Consumer Financial Protection Bureau, with Ginn arguing for a reduction in government intervention in consumer markets. Additionally, they address healthcare reform, advocating for a system that prioritizes patient care over bureaucracy.

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Transcript

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0:00.0	This is an I-Heart podcast.
0:04.0	What I told people, I was making a podcast about Benghazi.
0:08.5	Nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?
0:15.1	Benghazi, the truth became a web of lies.
0:18.5	From prologue projects and Pushkin Industries, this is Fiasco, Benghazi.
0:23.6	What difference at this point does it make?
0:26.6	Listen to Fiasco, Benghazi, on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts.
0:33.6	On this episode of Nutes World, the government shutdown looms over Washington, and people wonder if Congress will ever come to an agreement to reopen the government.
0:48.2	Here to talk about the government shutdown in the current economic forecast, I'm really pleased to welcome my guest, Dr. Van Sibb.
0:55.4	He is the former chief economist for the Office of Management Budget, the founder and
0:59.9	president of Ginn Economic Consulting, and the host of Let People Prosper a Podcast.
1:21.0	Thank you. Bats, welcome and thank you for joining me again on the Neut's World.
1:25.6	Speaker Gingrich, it's always a pleasure to be with you and all the work that you've done.
1:27.7	Thank you for joining the guiding light of where we should be heading instead of the fiasco we have in D.C. today. You just know so much. I was really
1:33.0	looking forward to this because there's so many different things going on. And given that you served
1:38.1	as the first President Trump's White House director of the Office of Management Budget from June
1:43.1	2019 to May 2020. You really have
1:46.2	an overview. I think for most people that really understand OMB. Do you talk a little bit about
1:50.9	what it was like and what it was like to be the director? So I was actually a chief economist.
1:55.9	Russ Vote was my boss. He was the acting director at the time. So I was a chief economist
1:59.8	directly under him. But I was a cheap economist directly under him,
2:01.2	but I was one of seven in leadership of a 535 person agency at that time. I think there's been
	...

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