U.S. Faces New Normal of Trillion Dollar Deficits, Collender Says

The video discusses the potential for a government shutdown, largely dependent on Donald Trump's actions regarding immigration and the wall. It examines the reliability of the Congressional Budget Office's economic projections compared to the Office of Management and Budget. The video also explores the political and legislative chaos expected in the U.S., with potential shifts in Congress and the impact on governance. Finally, it addresses the fiscal challenges facing the U.S., including the likelihood of permanent trillion-dollar deficits due to enacted legislation.

What is the main reason Donald Trump might consider a government shutdown?

• To gain support for his immigration policies

• To address economic downturns

• To improve relations with Congress

• To reduce government spending

How does the Congressional Budget Office (CBO) contribute to economic forecasting?

• By protecting the President's interests

• By managing the federal budget

• By providing short-term economic predictions

• By offering long-term economic forecasts based on extrapolation

What is expected to happen during the lame duck session of Congress?

• An economic boom

• A resolution to the government shutdown

• A potential loss of majority by Republicans

• A significant increase in legislative activity

What is the predicted outcome for the U.S. fiscal situation in the coming years?

• Balanced budgets

• Decreasing deficits

• Surplus in government funds

• Permanent trillion-dollar deficits

What is the expected impact of the current political climate on U.S. economic policies?

• Improved fiscal management

• Paralysis in addressing economic downturns

• Rapid economic growth

• Increased legislative activity