Any discussion of tackling the federal deficit or debt is fundamentally about reallocating resources in the economy—freeing up consumption from one sector (like retirees receiving social security and Medicare) to make it available elsewhere (like private investment in manufacturing).

normativepending

Speaker

Joe Weisenthal

Evidence Quote

any discussion of federal spending is about a competition for resource allocation, right?

Source

Jim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord' | Odd LotsBloomberg Podcasts
Created: 8/11/2026, 7:46:27 AM

My Notes

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