#MrMarket: Student Loan spending $9B equals higher interest rates for longer. Veronique de Rugy, Mercatus
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 6 October 2023
⏱️ 9 minutes
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Summary
https://www.creators.com/read/veronique-de-rugy/10/23/good-government-is-a-two-way-street#increaseFont
1930 FDR
Transcript
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| 0:35.5 | This is CBSI in the world. I'm John Bachelor. The US Congress, especially the House of Representatives, |
| 0:41.5 | in disrepair. And yet, the work of the Congress, especially the House of Representatives, |
| 0:47.6 | is budget. And that began this conversation that ended with Speaker McCarthy losing his job |
| 0:53.5 | and now we await a new speaker. And yet, the budget is still pertinent to the United States, |
| 0:58.8 | to the future. I welcome Veronique de Rige, the Mercatus Centre who writes a creator's syndicate. |
| 1:06.4 | Topic that is always with us, never solved, and sometimes I puzzle whether Congress |
| 1:13.6 | really believes in what I'm about to say. The deficit is a consequence of spending too much money |
| 1:20.6 | without taking the comparable amount in revenue, spending too much money. Households understand this, |
| 1:27.6 | humans understand it, but not Congress. Veronique, before I illustrate what is happening in America |
| 1:34.7 | by traveling the country from association to association, worried about the immediate future, |
| 1:40.9 | the spending by the Congress. Did you see any evidence in this most recent spat over the |
| 1:47.2 | debt ceiling and closing the government? Was there attention in the Democratic side of the |
| 1:52.5 | Republican side or even a lone soldier in the room about the scale of government spending |
| 1:59.3 | unabated? Good evening to you. Good evening, John. I mean, for Congress as a whole, no, there's no, |
| 2:06.0 | there's no sign. And even when you look at the administration, there's no signs on the Republican |
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