How to Restore Fiscal Sanity to Washington
Heritage Explains
Heritage Podcast Network
4.7 • 847 Ratings
🗓️ 7 March 2022
⏱️ 14 minutes
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| 0:00.0 | From the Heritage Foundation, I'm Michelle Cordero, and this is Heritage Explains. |
| 0:14.5 | The Treasury Department announced last month that the total national debt had surpassed $30 trillion for the first time. |
| 0:25.6 | That's 30 plus 12 zeros. |
| 0:33.7 | Just one trillion dollars laid end to end would stretch further than the distance of the Earth to the Sun. |
| 0:40.3 | Think of that times 30. |
| 0:43.3 | Two years ago, the Congressional Budget Office said that we wouldn't hit this level of debt until the end of 2025. |
| 0:52.3 | But we got there a lot sooner due to the trillions |
| 0:55.0 | that were spent battling the COVID-19 pandemic. |
| 0:59.0 | You would think that these unprecedented spending increases, |
| 1:02.0 | we're talking government expansions like never seen before, |
| 1:06.0 | would make legislators panic and stop the spending madness |
| 1:09.2 | as the pandemic ramps down. |
| 1:17.5 | Instead, Congress and the Biden administration are using the crisis to push for a permanently draconian federal government, one that seizes and controls endlessly increasing amounts |
| 1:23.6 | of national resources. |
| 1:26.2 | Thankfully, the Heritage Foundation recently released its 2022 budget blueprint, |
| 1:32.1 | a comprehensive roadmap for policymakers to reduce out-of-control federal spending |
| 1:37.2 | and restore fiscal sanity to Washington. |
| 1:40.6 | The blueprint identifies more than $12 trillion of spending cuts between 2022 and 2031 compared to current law. |
| 1:50.4 | The plan also includes more than 200 proposals to restore the federal government to its proper, limited role. |
| 1:58.3 | Today, David Ditch, a policy analyst in Heritage's Grover M. Herman Center for the federal |
| 2:03.6 | budget, one of the authors of the blueprint, explains how this guide for Congress will strengthen |
| 2:09.1 | financial health, economic vitality, and national security. Our conversation after this short |
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