What's in Trump's "One, Big Beautiful Bill"? Former Reagan budget chief David Stockman
May 29, 2025
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as posted by the channelReagan's budget chief warns that the One Big Beautiful Bill Act could balloon the national debt to $60 trillion, risking a catastrophic bond market crisis.
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How will we ever get the national debt under control? Just asking questions.
The U.S. national debt stands at a staggering $36 trillion. And while President Trump assures us he's a "fiscal hawk," the GOP's latest fiscal plan, dubbed the One Big Beautiful Bill Act, is a fiscal time bomb, says today's guest. David Stockman, the Director of the Office of Management and Budget under President Ronald Reagan, joins the show to dissect the Trump administration's budget priorities, and explain why tax cuts without spending reductions are a recipe for disaster. With a career spanning decades in Washington, including his role as a key architect of Reagan's economic policies, Stockman brings unmatched insight into the mechanics of federal budgeting and the political roadblocks to fiscal sanity.
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