U.S. Debt, Deficit 'Completely Irresponsible,' Evercore's Schlosstein Says

The video discusses the implications of tax reform 2.0, focusing on individual tax codes rather than corporate ones. It highlights the potential distractions a Democratic House could pose, particularly through investigations, and suggests a focus on legislation. The video also critiques the current fiscal policy, noting the irresponsibility of the growing national debt and its impact on future generations, with a comparison to the fiscal situation at the end of the Clinton administration.

What is the primary focus of Tax Reform 2.0?

• Healthcare reform

• Environmental regulations

• Individual tax code

• Corporate tax code

What potential challenge does a Democratic House pose according to the discussion?

• Focus on healthcare reform

• Distractions through investigations

• More legislative actions

• Increased corporate taxes

What is the current state of the U.S. national debt as discussed?

• $25 trillion

• $21 trillion

• $15 trillion

• $10 trillion

How does the current fiscal policy compare to the end of the Clinton administration?

• No change in fiscal policy

• Higher surpluses now

• Lower deficits now

• Higher deficits now

What percentage of GDP is currently going to U.S. government taxes?

• 20%

• 15%

• 17%

• 25%