At the same time, it is both unfortunate and disappointing that he has also proposed large tax cuts that would cost more than these entitlement reforms will save, still, today's plan represents a tremendously important starting point for a real debate on the future of Social Security and Medicare.

Maya MacGuineas

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The government doesn't save enough, it borrows too much and it doesn't invest enough in the next generation. It's like what parents are trying to get their kids not to do, but if they look at the federal government, that's what they're doing.

Maya MacGuineas
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If the budget that you're talking about isn't a good one, then it's better not to pass a budget. Most people in the country will never notice whether we pass a budget resolution or not.

Maya MacGuineas
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When you finish college, you don’t suddenly have thousands of dollars a year to spend elsewhere - in fact, you have to find a way to pay back your loans.

Maya MacGuineas
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The entire process has become one of missed deadlines, make-believe budgets filled with gimmicks and magic asterisks.

Maya MacGuineas
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I think it feels like a bit of kabuki theater at this point, for... by Maya MacGuineas

I think it feels like a bit of kabuki theater at this point, for everybody.

Maya MacGuineas
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But they are projected to rise again next year and exceed $1 trillion annually within a decade, meanwhile, debt levels are the highest they have ever been other than around World War II, and without a serious course correction they will only continue to rise over the long run.

Maya MacGuineas
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This is an urgent problem because one, we don't know when it will turn into an economic problem, interest rates, inflation, currency, any of those issues. But most importantly it weakens every other vulnerability we have, whether it's in competition with China, whether it's to cyber or terrorist attacks, whether it's dealing with national emergencies or natural disasters, it leaves us vulnerable.

Maya MacGuineas

The first thing we should do is stabilize our headed-towards-insolvency trust funds, most importantly, Social Security and Medicare.

Maya MacGuineas

The only thing I would say that people should not consider is the rigid belief that you can do this without touching taxes or without fixing our biggest programs, like Social Security, Medicare, because that's just a sign of a lack of realism.

Maya MacGuineas

The Donald Trump administration was one of the most fiscally reckless of recent times, on every chance to make the fiscal situation better, The Trump administration chose to make it worse.

Maya MacGuineas

The Biden team seems quite premature to say we need another $ 2 trillion now given what we just passed.

Maya MacGuineas

The breaking point is like an invisible dog fence, you don't know where it is, but if you actually hit it, it'll be a huge problem.

Maya MacGuineas

We made a huge mistake being so in debt when the economy was strong, but just because we were reckless and foolish going into the crisis, [ that ] doesn't mean we shouldn't borrow during it.

Maya MacGuineas