Congress Doesn’t Have Appetite to Address Entitlements: Rep. Womack

The video uses a metaphor of the economy as a patient to discuss its current state, highlighting strong consumer confidence but noting weaknesses in business investment and trade issues. It addresses long-term structural issues like debt and deficit, emphasizing Congress's responsibility. The discussion covers mandatory spending challenges and the need for leadership in budget management. Trade uncertainty, particularly with China, is also discussed, with a call for administrative action and the importance of passing USMCA.

What is the overall assessment of the economy according to the analysis?

• The economy is stagnant with no growth.

• The economy is facing a severe crisis.

• The economy is in good shape with strong consumer confidence.

• The economy is in a recession.

What is a major concern regarding the fiscal policies discussed?

• The low interest rates.

• The lack of consumer spending.

• The growing debt and deficit.

• The high inflation rates.

What percentage of the federal budget is tied up in mandatory spending?

• 70%

• 80%

• 50%

• 60%

What is a significant political challenge in addressing entitlements?

• Lack of public interest.

• Political reluctance due to the sensitivity of the issue.

• Overwhelming support for entitlement cuts.

• Insufficient data on entitlements.

What approach has Congress used in the past to address complex issues like Social Security?

• Appointing a bipartisan committee.

• Ignoring the issues.

• Conducting public surveys.

• Passing immediate legislation.

What is the role of Congress in trade policy according to the discussion?

• Congress should ignore trade issues.

• Trade policy is an administrative function.

• Congress should dictate trade policy.

• Trade policy should be left to individual states.

What trade agreement is mentioned as needing to be brought to the floor of the House?

• NAFTA

• EU Trade Agreement

• USMCA

• TPP