This week on Facing the Future we discussed the budgetary, economic, and distributional effects of the Harris and Trump campaign policy proposals. Our guest was Dr. Kent Smetters, Faculty Director of the Penn-Wharton Budget Model (PWBM) at the Wharton School of the University of Pennsylvania. Dr. Smetters and his colleagues recently analyzed these proposals as best they could, given the lack of detail in many instances. At this point, the results are not promising for anyone interested in stabilizing the debt. The PWBM analysis found that Harris’ proposals would increase 10-year deficits by $1.2 trillion and Trump’s would increase 10-year deficits by $5.8 trillion. [Note: This analysis and our interview took place before the Harris campaign released additional proposals on September 4.]
15 окт 2024
