Janet Yellen on the Danger of a “Banana Republic” Economy. Plus, Susan B. Glasser on Why “We Are the Boiled Frog.”
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This is the New Yorker Radio Hour. A co production of WNYC Studios and the New Yorker. Welcome to the New Yorker Radio Hour. I'm David Remnick. The Trump administration has just pulled off another sweeping change to the United States. We're going to make official the greatest victory yet. When I sign the one big beautiful bill.
The budget bill. Beautiful or not includes cuts to social services. That would have been unthinkable in earlier Republican administrations. Ten and a half million people will be kicked off of Medicaid. and the children's health insurance program in the next decade.
Snap. And other nutrition programs will be cut by one hundred and eighty six billion dollars. Now the foundational belief in conservative economics Is that cuts to social services are necessary
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