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Pitchfork Economics with Nick Hanauer

Project 2025 is All Trick, No Treat (with Peggy Bailey)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 29 October 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

As Election Day approaches, Peggy Bailey from the Center on Budget and Policy Priorities joins Paul and Goldy to discuss the devastating potential effects of the House Republican agenda and the Heritage Foundation’s Project 2025. The proposals, supported by candidates who will be on your ballot this November, include a wholesale dismantling of federal government programs, cutting benefits, shifting costs to states, and penalizing working families in order to slash taxes for the rich. Bailey reveals the massive economic disinvestment and inherent racism and discrimination in the trickle-down agenda of Project 2025 and the House Republican agenda, even as she emphasizes the need for the federal government to revitalize the economy from the bottom up with investments in those who have been marginalized. Peggy Bailey is the Executive Vice President of Policy and Program Development at the Center on Budget and Policy Priorities. She previously served in the Biden-Harris Administration as the Senior Advisor on Rental Assistance to HUD Secretary Marcia L. Fudge. She also served as the Director of Health and Housing Integration for the Corporation for Supportive Housing, where she focused on Medicaid expansion and finding sustainable funding sources for the services that people with histories of homelessness and chronic health conditions need to maintain their housing. Twitter: @PeggyBaileyDC  @CenterOnBudget Further reading:  Report from the Center on Budget & Policy Priorities: House Republican Agendas and Project 2025 Would Increase Poverty and Hardship, Drive Up the Uninsured Rate, and Disinvest From People, Communities, and the Economy Stop Project 2025 Comic Book  Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon, @NickHanauer, @civicaction Instagram: @pitchforkeconomics Threads: pitchforkeconomics YouTube: @pitchforkeconomics Substack: The Pitch

Transcript

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0:00.0

The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.

0:10.0

It's time to build our economy from the bottom up and from the middle out, not the top down.

0:15.0

Middle out economics is the answer.

0:18.0

Because Wall Street didn't build this country.

0:20.0

Great middle class built this country.

0:22.0

The more the middle class thrives, the better the economy from the middle out.

0:42.0

Welcome to the show. build the economy from the middle out.

0:43.6

Welcome to the show.

0:51.1

Paul. Hello, how are you?

0:53.0

I'm great.

0:55.0

I'm sure you've seen it.

0:56.0

I know you've seen it because we're in the same tax threads.

0:59.0

The cover of the economist of all places today.

1:05.0

They have a special report on America's economy.

1:09.7

And the title, the headline on the cover is The Enver. The

1:15.0

American economy is the envy of the world.

1:17.0

The American economy is the envy of the world

1:21.0

after four years of Joe Biden and the end of neoliberalism and governing

1:29.8

from the middle out and investing in the American people and in public infrastructure and in climate technology and in bringing manufacturing back home.

1:45.0

Our economy is the envy of the world and so that's why Paul on today's episode we're going to discuss proposals to dismantle all of that.

1:57.0

Well, Halloween is coming up, right?

1:59.2

So it's time for some scary stories.

...

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