President Trump's Plan For America's National Debt Crisis

On Friday, President Trump proposed his fiscal year 2026 skinny budget plan, which calls for spending reductions across the U.S. government. It proposes reducing non-defense discretionary spending to combat the national debt crisis. Budget Committee Chairman Jodey Arrington (R-TX) joins the Rundown to discuss the need to address the growing national debt and unsustainable deficit spending. The Congressman outlines key ideas to guide the reconciliation process, including a top-to-bottom audit, removing waste, fraud, and abuse, and reforming entitlement programs. Most Americans are paying digitally these days; that includes credit cards, tap-to-pay digital wallets, and even cryptocurrency. Cash payments seem to be going the way of the past, yet a cashless society isn’t without its consequences, says Boston University Questrom School of Business Professor Jay Zagorksky. Zagorsky has studied the various consequences the disappearance of cash will have on society in his book, “The Power of Cash.” He joins the podcast to explain why America loves cashless payments, the various ways using cash benefits each of us, and his case for keeping physical dollars and coins in circulation. Plus, commentary from author and Senior Research Fellow at The Heritage Foundation, Simon Hankinson. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices