Summers: Republicans Creating Liz Truss-like Moment

These guys are starting to wake up to how bad things will be if Trump and his Lunatic Fringe Party get into office.

It's a brand new era. Summers is effusive. Will she balance the deficit? I think big orange is an embarrassing and rotten to the core sort of person so I'll hope for the best but I'm surprised to hear such strong words from Summers. Time will tell.

Summers is right . Taxes are going up and they should . How can we justify hungry children in this country and the lowest taxes ever on the rich and corporations?

Summers talking some sense now despite some of his previous big missteps such as taking deregulation way too far before.

Lawrence Summers has been correct more often than not while not being extremely ideological

Honestly he’s not wrong, it’s not just Trump though, neither party cares about the debt and it will blow up at some stage, just hard to say when

I love Lawrence Summers role as the oracle of Delphi of our times

Finally somebody says the name out loud hahah.

It would be the better part of transparency if Summers admits he was arguing against rate cuts because he thought inflation would be stubbornly higher, and he was wrong.

We need to see Dementia Donald's cognitive test. He is too old to be President.

Summers did a "great" job in 2008 crisis, ha

How are the 2 statements.... "Stop subsidizing energy" and "do nothing about the deficit" congruent thoughts?

Rates will stay elevated until March 2025 or June 2025z

Raise rates it all Italians and Latino pull cash out of banks. I’m ready

My vote will be for Kamala

What a joke!

Trump would absolutely destroy our economy and financial system.

Debt to GDP ratio does matter for international trade reasons. good trade relations means the debt can be paid down better; it means the US federal budget can be lower than the growth rate to net at taxes (ie. rebalancing the budget.) Was not this a conservative "plank?" Also, lower rates and a weaker USD would raise Real Estate values; in the 2007-2008 recession aftermath, Real Estate was Suffering for the buy and hold and many Republican lawmakers lost their office. Many wealthy buy and hold real estate investors lost their portfolios. The GOP cannot handle lowering Real Estate values. If any party in control of Washington DC causes a default in the debt, then all bets are off for prosperity of the United States ever again. DO NOT DEFAULT ON THE DEBT!!!

Larry sounds drunk. But I agree with him.

This from the man who said the internet wouldn’t amount to much.