The sliver of the federal budget Congress is fighting over
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 29 September 2023
⏱️ 14 minutes
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Summary
We’re in the final days before a potential government shutdown, and negotiations aren’t going well. At issue is the federal government’s $6 trillion budget. But with most of that money already spoken for, only a small sliver of spending is actually up for debate. We’ll explain. And have you heard of the paper ceiling? Plus, Kai and a famous Hollywood star share their dislike for pumpkin spice!
Here’s everything we talked about:
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- About STARs from Tear the Paper Ceiling
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- “A few thoughts on Pumpkin Spice Season” from YouTube
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- “How pumpkin spice cemented itself in American culture” from Marketplace
Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.
Transcript
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| 0:00.0 | Hey everyone, I'm Kimberly Adams. Welcome back to Make Me Smart, where we make today make sense. |
| 0:11.0 | I'm Kai Rizdal 28 September Thursday is what it is. |
| 0:16.0 | Yes, it is. And what are we three days from the government showdown now? |
| 0:22.0 | A little bit less. I saw in the CNN countdown clock a little while ago. I saw two hours and six... |
| 0:27.0 | Sorry, two days and six hours. So we're inside three. |
| 0:31.0 | Inside three. All right. Well, aside from that today, because it's Thursday, |
| 0:36.0 | we are going to be listening back to some of the big stories of the week. |
| 0:39.0 | We've got some audio clips. We're going to get into what was said in those clips |
| 0:42.0 | and what was left out. So let's get to the first one. |
| 0:45.0 | The reason we see so much conflict around funding the federal government |
| 0:50.0 | through discretionary appropriations and the potential for a government shutdown |
| 0:54.0 | is because Congress has so few avenues remaining to make its voice heard |
| 1:00.0 | that the minority party really ceases on these on these must pass bills |
| 1:07.0 | in order to signal its political commitments to its constituents. |
| 1:12.0 | I think it's also a sign of our growing debt crises and the fact that most of the debt |
| 1:19.0 | crises is driven by popular programs such as Social Security and Medicare spending growth, |
| 1:25.0 | which politicians have a very tough time tackling for the reason that they would like to be reelected. |
| 1:33.0 | So you're getting a lot of fighting over a smaller and declining part of the budget. |
| 1:40.0 | So I know that was a lot, but there's so much to impact there. |
| 1:43.0 | That was Ramina Bautia. She is the director of budget and entitlement policy at the Cato Institute. |
| 1:49.0 | I interviewed her earlier this week on one of the, I'm sure, |
| 1:52.0 | what will be many shutdown stories that I've done. |
... |
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