What podcasts say about Scott Horsley
Every statement, with the speaker, the exact quote and the moment it was said.
What Scott Horsley has said on podcasts
24 statements · 1 positive · 22 negative · 1 neutral
The federal budget deficit will exceed $2 trillion by fiscal year-end.
“And by the time we get to the end of the fiscal year, in a couple of months, we'll probably be over the $2 trillion deficit figure.”
Open the episode · The big deal with a big debtListen at 1:13
Higher federal borrowing costs raise interest rates for private borrowers.
“every private borrower is also having to pay higher interest rates”
Open the episode · The big deal with a big debtListen at 3:00
Lenders may eventually stop extending comparable credit to the United States.
“we may get to a point where the lenders are not willing to extend that kind of credit to the United States.”
Open the episode · The big deal with a big debtListen at 3:27
Competition for savings and fiscal concerns are causing lenders to demand higher rates.
“that's why they're demanding higher interest rates.”
Open the episode · The big deal with a big debtListen at 4:42
Federal debt interest costs exceed $1 trillion annually.
“just covering the interest on the federal debt now costs more than a trillion dollars a year.”
Open the episode · The big deal with a big debtListen at 6:19
U.S. federal debt has doubled since 2017.
“we've doubled the size of our debt just in the last nine years, just since 2017.”
Open the episode · The big deal with a big debtListen at 7:45
Federal borrowing costs may eventually crowd out other government priorities.
“there's going to come a time when the federal government's ability to borrow this much money is going to either get so costly that it crowds out all the other things the government wants to do.”
Open the episode · The big deal with a big debtListen at 8:32
Excessive federal borrowing may push rates high enough to burden private borrowers.
“Or it's going to push interest rates so high that it's going to really saddle the rest of the economy, all the would-be private borrowers with a lead weight around their neck.”
Open the episode · The big deal with a big debtListen at 8:45
Lenders may eventually refuse to extend comparable credit to the federal government.
“Or we're actually going to reach a point where lenders don't want to extend that kind of credit to the federal government anymore.”
Open the episode · The big deal with a big debtListen at 8:55
The $40 trillion federal debt is contributing to higher interest rates.
“certainly a $40 trillion debt is one of the factors that's pushing interest rates up.”
Open the episode · The big deal with a big debtListen at 9:32
Higher rates disadvantage homebuyers, car buyers, and business builders.
“And that is a handicap for anyone who's trying to buy a home or buy a car or build a business.”
Open the episode · The big deal with a big debtListen at 9:37
U.S. debt is growing three times faster than the economy.
“We're growing our debt three times faster than our economy, and that's not a recipe for success.”
Open the episode · The big deal with a big debtListen at 12:43
The U.S. government achieved a budget surplus during part of the late 1990s.
“they did manage to balance the budget, whittle away the deficit to zero. We actually had a surplus.”
Open the episode · The big deal with a big debtListen at 14:45
Later tax cuts and pandemic and recession spending reversed earlier fiscal improvement.
“And then that was squandered by the George W. Bush tax cuts and the Trump tax cuts and then lots of spending during the pandemic and during the recession.”
Open the episode · The big deal with a big debtListen at 15:01
Valid public investments should be financed through higher taxes.
“if we feel like that's a valid investment, we should raise the taxes to finance it.”
Open the episode · The big deal with a big debtListen at 16:36
The tariff dispute could escalate into a larger trade war.
“the concern, I think, is that it could really spiral into a larger trade war.”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 3:03
USMCA collapse would create a major trade problem.
“The real problem would be if the USMCA itself falls apart”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 5:15
The trade conflict is already harming U.S. businesses and will harm consumers.
“this is already taking a toll on US businesses, and it's going to take a toll on US consumers as well.”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 9:02
There is little evidence tariffs have reshored U.S. industries.
“I don't think that we've seen very much evidence of that.”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 11:11
Applying tariffs to integrated U.S.-Canada production is misguided.
“this is a particularly misguided application of tariffs.”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 11:31
Tariffs function as taxes paid by U.S. businesses and consumers.
“these are taxes that are paid by U.S. businesses and U.S. consumers”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 11:51
Destroying the broader trade relationship over small disputes is unreasonable.
“to blow up the broader trading relationship over those relatively small scale issues is just nuts.”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 13:10
Short-term transactional gains can cause long-term harm to bilateral relationships.
“if you poison the relationship for the sake of some transactional benefit in the moment, ultimately, it's going to come back and haunt you.”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 13:48
Other countries are currently unwilling to advance U.S. aims in the Iran war.
“the rest of the world right now is in no mood to do the U.S. any favors to advance its own aims in a war that it started without international approval.”
Open the episode · What a trade war with Canada means for U.S. consumersListen at 16:52
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.