Former Bush Economist: US Must Raise Taxes and Lower Spending to Avoid Crisis

Former Bush Economist: US Must Raise Taxes and Lower Spending to Avoid Crisis
Former Bush Economist: US Must Raise Taxes and Lower Spending to Avoid Crisis

Bipartisan budget talks appeared to have stalled on Thursday on Capitol Hill with both sides calling one another “intractable.” The discussions were designed to keep the federal government from going over the fiscal cliff, in which deep cuts to spending and automatic increases in taxes will go into effect in January.

Host Carmen Russell-Sluchansky spoke with Andrew Samwick, economics professor at Dartmouth University and chief economist on the staff of the Council of Economic Advisers under former President George W. Bush, to discuss the politics behind the budget talks.

 

About Carmen Munir Russell-Sluchansky 360 Articles
Carmen is a multimedia journalist based in Washington, DC whose work has appeared in a variety of outlets including National Geographic, NBC News, the BBC, Asia! Magazine, The China Post, Chicago Tribune and Orlando Sentinel.