i have here the government accountability office documentac off nation s fiscal health. may ofealt 2023.y issued a20 couple weeks ago. this was issued to everyry leader in congress, by the executive branch.ch and the gao is one of the best of the entities thatou our government has, what dosa they say? tthey say: the government never writes reports like this, the government never speaks like it. it goes on: what they are trying to say is the economy could collapse, they go on. they are saying we re not at war, the eco economic hassic pendinged. in american history. foyearr example, debt held by public is a share ofonom gdp grew during the economicfebr expansion of june 2009 tog februaryth of 2020.ch and it continues: this is shocking stuff from the bureaucracy. t he twices size of the economy by 2051 this report is available to public. how much news reports. of the budget debate refer to this document?ho w i bet none. that i is part of the problem with our media. bu
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but as always, the finer details reveal the true winners and losers of the gop s latest manufactured political crisis has a new york times writes, the president and his negotiators believe they worked out a deal that allowed republicans to claim big spending cuts, even as the reality was far more modest. joining me now is one of those negotiators, shalanda young, director of the office of management and budget director. welcome back to the sunday show. thank you, jonathan. let s put on the screen some of the provisions of the law. i know we did that in the introduction. imposes new caps on federal spending for two years, restarts the federal student loan repayments, new work requirements for food stamps, cuts 1.8 billion dollars in irs funding, rescinds 30 billion dollars of unspent covid funds. now, the president the speaker both said they didn t get everything they wanted. what didn t the white house came? look, we always said, if you have a true budget discussion, if
patterns because if you find in follow the patterns of biden it is always a pattern patterns of biden it is always a pattern of weakness. patterns of biden it is always a pattern of weakness. what have you seen in terms pattern of weakness. what have you seen in terms of pattern of weakness. what have you seen in terms of your pattern of weakness. what have you seen in terms of your experience - pattern of weakness. what have you seen in terms of your experience in | seen in terms of your experience in your types of negotiations and when it gets to a person battle it looks like, if you re taking the broader view partisan. that this did get a lot of democratic and republican votes. ., , , ,, a lot of democratic and republican votes. ., , , , ., votes. honestly this is a win for both kevin votes. honestly this is a win for both kevin mccarthy votes. honestly this is a win for both kevin mccarthy in - votes. honestly this is a win for both kevin mccarthy in
table. i have here the government accountability office document that nation s fiscal health. may 2023. issued a couple weeks ago, this was issued to every leader in congress by the executive branch. the gao is one of the best of the entities our government has, what do they say. why t do we care. it says: balance of current revenue, resolve in debt growing faster than the economy, this s this is unsustainable. the government never writes reports like this or speaks like this. it continues: cbo, has stated high and rising federal debt i is a fiscal crisis. underlying conditions driving unsustainable fiscal outlook post, social challenges have not addressed. they are trying to say, the economy could collapse. could collapse. they go on: they are saying we re not at war, the economthe economiesq economics balancedded 3 out of last 4 years. for example, debt held by public, grew during economic expansion of june 2009 to february 2020, it did not grow during the economic expans