Entitlement Programs
topic on 1 show · 2 statements across 2 episodes
2 statements about Entitlement Programs, every show
Friedberg: US debt will force tax hikes, entitlement cuts, and inflation
“I think that the net necessity of raising tax rates, the necessity ultimately of cutting entitlement programs, The necessary inflation that will arise because of the condition of the federal government's debt level, because we're gonna have to keep printing mo…”
Friedberg warns rising debt service will inevitably force a US default
“And when you do the arithmetic on all this, it's going to balloon the cost to service the debt and without some degree of cutting across the board spending and entitlement programs, discretionary spending and entitlement programs, you can't make the interest p…”