Trump's Budget Has 'Savagery to It,' Says Goolsbee

The video discusses the concept of compassion in budgeting, focusing on tax cuts and Medicaid reductions under the Trump administration. It highlights the political implications of these budgetary decisions and examines the assumptions of sustained 3% economic growth. The video also addresses the need for bipartisan solutions to create a more balanced budget, acknowledging the political nature of the president's budget as a statement of priorities.

What is the main focus of the initial discussion on compassion in the budget?

• Improving infrastructure

• Expanding social welfare programs

• Reducing taxes and Medicaid

• Increasing military spending

How does Mick Mulvaney describe the growth of Medicaid in the budget?

• As a reduction in growth rate

• As a complete elimination

• As a significant increase

• As an unchanged program

What is the assumed economic growth rate in the budget?

• 3%

• 4%

• 2.5%

• 1.5%

What error is highlighted in the budget's economic assumptions?

• Underestimating inflation

• Overestimating tax revenue

• Ignoring population growth

• Double-counting economic growth

What is the political nature of the president's budget according to the discussion?

• A detailed financial plan

• A statement of political priorities

• A bipartisan agreement

• A legally binding document

What is suggested as a solution to achieve a bipartisan budget agreement?

• Increasing taxes

• Starting over with a new budget

• Cutting all social programs

• Focusing on military spending

Why might the current budget priorities be unpopular among voters?

• They ignore economic growth

• They cut popular programs

• They increase taxes significantly

• They focus too much on foreign aid