Collender: Need U.S. Economic Crisis for Congress to Act

The transcript discusses the inaction of Congress, particularly on fiscal policy, and the potential for an economic crisis to prompt action. It explores the political dynamics between Republicans and Democrats, the impact on budget decisions, and the likelihood of filibusters. Economic projections, including interest rates and Brexit's impact, are considered. The discussion also touches on public sentiment regarding government benefits and perceived fairness.

What is the main reason Congress is currently inactive on fiscal policy?

• Congress being frozen, especially on taxes and spending

• A recent budget crisis

• Exhaustion of Janet Yellen

• Lack of interest from the public

What is expected to prompt Congress to take action according to the discussion?

• A political crisis

• An economic crisis

• A change in leadership

• A public protest

What is the likely outcome if Democrats take over the Senate?

• A significant majority

• A filibuster on most issues

• Immediate policy changes

• No impact on Supreme Court nominations

How are interest rates expected to change, and what is the anticipated impact?

• Rise, leading to economic slowdown

• Remain stable, with no impact

• Fall, leading to improved economic activity

• Fluctuate, causing uncertainty

What is a major cause of public resentment regarding government benefits?

• High taxes

• Unequal distribution of benefits

• Lack of government programs

• Increased government spending