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SmartHERNews

SmartHER Take: What Is The Fiscal Health In America?

SmartHERNews

Jenna Lee

News, Education

4.9660 Ratings

🗓️ 21 June 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

A conversation with the President of the nonpartisan Committee For a Responsible Federal Budget, Maya MacGuineas.

 We're basically spending more to finance the borrowing of the past than investments in the future."
.
Maya MacGuineas has led the bipartisan Committee for a Responsible Federal Budget for two decades, placing her center stage to confront BOTH political parties on their management of our nation's fiscal health.
.
Our SmartHER interview provides an insider's perspective on America's debt and why it matters - with a personal touch! (Listen for the big life event that happened on the same day that Maya got her job!)
.
A must-listen on a topic we all know, we should know more about ~ a brewing fiscal storm that has the potential to impact all of our lives for years (and generations) to come.


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Transcript

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0:00.0

Hello from the Heartland. My name is Jenna, and this is Smarter News, news when it matters and why it matters.

0:10.3

Our Smarter series features unique people who help us think and live smarter.

0:16.1

Well, today I'm really excited to have a step back, deep breath conversation about what's going on with debt in America, which is a very big topic.

0:25.3

And obviously, we've talked a lot about it over the last several weeks talking about the debt ceiling deal, as we've been referring to it.

0:31.4

But this has opened up a broader conversation about, well, what is the state of fiscal health in the United States of America?

0:39.2

Like, what should we actually know, not only about the deal, but about some of these broader

0:44.4

undercurrents that are part of the deal as well? And so we have a great guest today.

0:49.5

Maya McGinnis is joining us. She's the president of the committee for a responsible federal

0:53.8

budget. I've interviewed

0:55.2

Maya over the years because not only is she an amazing source of information when it comes to

1:01.4

anything regarding the fiscal health of the United States, she's one of the only sources out

1:06.7

there that actually is part of a bipartisan nonprofit so that can really kind of walk the line

1:12.7

and give us some great perspective on what's happening and why it matters, which is the whole

1:18.1

point of smarter news. So before we jumped on, you were telling me that you've been with

1:23.4

the Committee for a Responsible Federal Budget for some time now. And you actually remember the day when you joined the organization.

1:30.6

So tell us a little bit about that and how you got started even becoming an expert on this topic.

1:36.7

Okay, I will tell you.

1:37.9

And it's nice to join you on this.

1:39.9

Yeah, I have been doing this work for 20 years.

1:44.0

How time flies.

1:45.9

And, well, the reason I remember was because I actually accepted the job the same day I found

1:52.1

out I was pregnant with my first child.

...

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