Spending Beyond Our Means

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4.5 • 979 Ratings

🗓️ 16 February 2013

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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0:00.0	This is the Cato Daily Podcast for Friday, February 15th, 2013. I'm Caleb Brown.
0:06.0	Even the assumptions Congress and the White House used to estimate the deaths of the United States
0:11.0	are themselves not consistent with reality and the future
0:14.6	fiscal picture for the United States is getting worse by the day.
0:18.0	Jagadish Goklais, senior fellow at the Cato Institute, is author of the new
0:21.5	paper Spending Beyond Our Means,
0:23.8	how we are bankrupting future generations.
0:26.4	We began with a discussion about why the White House
0:28.6	won't reveal details of its own budget projections.
0:32.2	Well, earlier I used to receive very detailed budget projections from the Office of Budget and Management,
0:40.0	Office of Management and Budget. But once President Obama assumed office, they cut those numbers off.
0:49.0	They wouldn't supply them anymore.
0:51.0	Is there any explanation for why that is?
0:53.5	No, we've tried several times.
0:55.4	A friend of mine in New York, law school,
1:00.8	even submitted a FOIA request for those numbers but he made no headway and we
1:09.6	don't have those numbers I have therefore turned to using CBO numbers which are not as
1:16.0	detailed. So it's not as accurate in an analysis, you might say.
1:22.6	Well, in some respects, it's more accurate,
1:24.4	because I've updated some of the other inputs
1:27.5	into my calculations, especially the inputs
1:30.2	from the micro data about how various government transfers and taxes are
	...

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