U.S. Faces New Normal of Trillion Dollar Deficits, Collender Says

The video discusses the potential for a government shutdown, largely dependent on Donald Trump's actions regarding immigration and the wall. It examines the reliability of the Congressional Budget Office's economic projections compared to the Office of Management and Budget. The video also explores the political and legislative chaos expected in the U.S., with potential shifts in Congress and the impact on governance. Finally, it addresses the fiscal challenges facing the U.S., including the likelihood of permanent trillion-dollar deficits due to enacted legislation.

What does the speaker predict about the future of legislative actions in the United States?

According to the text, what are the expected fiscal implications if there is an economic downturn?