Is the Spending the Problem?

The Commentary Magazine Podcast

Commentary Magazine

News, News Commentary, Politics

4.6 • 5.1K Ratings

🗓️ 29 July 2021

⏱️ 57 minutes

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Summary

There is a bipartisan infrastructure deal, and it looks likely to pass. The smorgasbord of other progressive wish list items that was supposed to follow its passage, however, is more imperiled than ever. Couple this with a disappointing second-quarter GDP number, and you have to wonder if the government spending to which we’ve committed ourselves over the course of the pandemic is the problem. Source Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	music
0:24.0	Welcome to the Commentary Magazine Daily podcast today's Thursday, July 29th 2021.
0:28.9	I'm John Baudhore, it's the editor of Commentary Magazine, which you can find at our new URL,
0:33.7	www.commentary.org, where we offer you a few free reads before we ask you to subscribe
0:41.4	with us as me, me, us, losing control by verbiage here, executive editor Abe Greenwald,
0:51.7	hi Abe.
0:52.7	Hi John.
0:53.7	Associate editor Noir Rothman, hi Noah.
0:55.7	Hi John.
0:56.7	Hi John.
0:57.7	So just to mix it up and not to start with COVID, announcement that the small infrastructure
1:06.6	deal by small, I mean, it's a trillion dollars, not that it's small.
1:11.8	It's still like, you know, five years ago, this would have been the largest bill in the
1:16.8	history of mankind.
1:20.0	That's where we're going with this spending.
1:23.3	Like we have so adjusted the overton window on spending that a trillion dollars now seems
1:29.8	like a relatively modest spending bill compared to other proposals and other things that have
1:35.4	happened.
1:36.4	Nonetheless, trillion dollars in actual infrastructure spending, the Senate passed a, allowed it to
1:45.2	go forward with a very interesting 67 to 32 vote among those voting to move the bill to
1:55.6	consideration on the floor.
1:57.0	What was Senate, Senate Minority Leader Mitch McConnell?
	...

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