Summers Says One Big Beautiful Bill Cuts Safety Net
Bloomberg Televisionยท2025-07-19 12:06
David, it has to be recognized that it's a big legislative accomplishment. It's a larger bill passed sooner than other presidents have achieved. But I don't think it's going to take the country in the right direction. I think it's going to grow our budget deficits in the future very substantially.And you're already seeing some market reaction to that. And I think that what it does to our social safety net is really going to be devastating relative to the path the country would have been on. If you look at c ...