The Daily Show has this interview with Elizabeth Warren. The previous link is to the full episode. The segment preceding the one with Elizabeth Warren is really a great setup for the interview itself. As for the interview, the blurb says:
Senator Elizabeth Warren, the author of “A Fighting Chance,” reveals some of the more frustrating aspects of trying to change a political system riddled with loopholes.
In the discussion of student loans, I wonder if my college student friend would wish for more compromise with the Republicans instead of the fight that Warren seems to be showing.
On the other hand, I would wish for some statement from Elizabeth Warren that the idea that each addition to the federal budget must be “paid for” is pure hokum. She did say that that was just the way it was in the current Congress. She didn’t come right out and say that it is a complete misunderstanding of the federal government budget and its connection to our sovereign currency to think that deficits right now are a problem.
What might be a problem is the structural change to our tax system that incurs huge tax expenses to lessen the taxes on the wealthy. This is one way that the tax cutters in Congress insure that the deficit can never be right sized even when the economy gets back to full employment, if it ever does.