EVERYTHING You Need To Know About GOVERNMENT SPENDING | Ep 360

If you ever wanted to understand how our government spends your money, this is the episode for you. There is no one better to fully unpack our debt and deficit crisis than Mick Mulvaney, Mick was the director of the office of management and budget for the Trump administration. In this episode, Mick walks us through the spending arms of the government, giving us a comprehensive explanation of mandatory and discretionary spending. Mandatory spending is written into law and does not require annual approvals; Social Security, Medicaid, Medicare, Income Security and Veterans Benefits all fall under mandatory spending. Discretionary spending must be reviewed and approved each fiscal year with defense spending accounting for nearly half of discretionary spending. Homeland security, education, transportation, research, science and space programs, disaster relief and others are all discretionary programs. For 2 years in a row, our government has run a 2 Trillion dollar deficit in its spending habits and Congress has not balanced a budget in over 2 decades. Mick thoroughly walks us through how we got to the near unfathomable 36 Trillion dollar debt, including the 1 trillion we accumulate nearly every 100 days and what we can do about it. Finally, is there a glimmer of hope with the new department of government efficiency headed by Elon Musk and Vivek Ramaswamy?

Featuring:
Mick Mulvaney
Former Director | Office of Management and Budget
Former Congressman | South Carolina, District 5
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