Allen Schick, University of Maryland (Part 1)

July 13, 2021   Matthew Chervenak

  • Congressional Reform
  • Video
  • 0:13 – Background
  • 3:40 – What is the framework that is used to think about the budget?
  • 5:51 – How does the government approach raising revenues?
  • 7:54 – Could the budget be created based on benchmarks?
  • 13:50 – Did the norm of a balanced budget disappear?
  • 15:50 – The idea of debts and surplus
  • 19:04 – What kind of processes could be imposed to neutralize the bias against borrowing?
  • 22:32 – Has there been thought on increasing the margins of what majority is needed to pass the impact of borrowing in a budget?
  • 28:59 – The philosophy of taxation and ideal structure of taxes
    [End of Part 1]