Deficit Puts U.S. in Jeopardy, Warns Robert Hormats

The transcript discusses the implications of Republican tax reform and an expanded deficit on the economy. It questions the need for fiscal stimulus and the potential impact on job creation. Concerns are raised about the long-term debt burden on future generations. The effectiveness of tax reform is debated, with a focus on whether it constitutes real reform or merely a temporary tax cut. The discussion highlights the importance of the content of the tax bill and its potential impact on the economy and the Trump presidency.

What is one of the main concerns about the expanded deficit discussed in the video?

• It puts future economic stability at risk.

• It will decrease the national debt.

• It may lead to increased job creation.

• It will immediately boost the economy.

What is a key question raised about fiscal stimulus in the video?

• Will it decrease the deficit?

• Is it necessary for economic growth?

• Can it eliminate unemployment?

• Is it a new concept in economic policy?

What does the video suggest about the impact of tax cuts on job creation?

• They will lead to job losses.

• Their impact on job creation is uncertain.

• They are guaranteed to create millions of jobs.

• They will have no effect on job creation.

How might tax cuts affect the Trump presidency according to the video?

• They could potentially put the presidency back on track.

• They will guarantee a second term.

• They will lead to immediate economic collapse.

• They will have no impact on the presidency.

What is a potential downside of simple tax cuts without real reform?

• They will immediately reduce the national debt.

• They will guarantee job security for all.

• They may only provide short-term benefits.

• They will lead to a long-term economic boom.