Balancing the federal budget without higher taxes or lower benefits for the aged is mathematically impossible, so any claim that the budget can be balanced without one of these two things is false
factualpending
Speaker
Lawrence SummersEvidence Quote
“if you say we can balance the budget without having one of those two things you're not speaking the truth.”
Source
Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall Ferguson— University of Austin (UATX)Created: 8/11/2026, 6:36:04 AM
My Notes
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