America’s most pressing fiscal challenges include unsustainable deficits, impending insolvency of Social Security and Medicare trust funds, and rising interest payments that already exceed the military budget. Participants of the Hoover Institution’s Fiscal Policy Initiative explain that interest payments could consume up to 40% of U.S. revenues under realistic scenarios, with experts agreeing the question is not whether a fiscal crisis will occur, but when and how severe it will be. The Fiscal Policy Initiative aims to provide a roadmap for sustainable fiscal policy that addresses these critical issues before catastrophe strikes.
Learn more at: https://www.hoover.org/research-teams/fiscal-policy-initiative?utm_source=youtube&utm_medium=description&utm_campaign=fpi_description
Featuring:
– Joshua Rauh, Hoover Institution
– John Cochrane, Hoover Institution
– Marc Goldwein, Committee for a Responsible Federal Budget
– Bruce Meyer, University of Chicago
– Hanno Lustig, Stanford University
– Valerie Ramey, Hoover Institution
– Alejandro Warner, Georgetown University
– Michael Boskin, Hoover Institution
– Scott Winship, American Enterprise Institution
– Emil Verner, MIT
– Paul Schmelzing, Boston College
– Rebecca Lester, Stanford University
– Kyle Pomerleau, American Enterprise Institution
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The opinions expressed on this channel are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.
© 2025 by the Board of Trustees of Leland Stanford Junior University.
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