Part 3/6:
In an engaging back-and-forth, Rattner detailed how proposed cuts to seemingly small portions of the budget, such as law enforcement and scientific research, would not make a significant dent in the overarching fiscal issues. According to Rattner, meaningful reductions would inherently require targeting the core funding of vital programs such as Medicare, Medicaid, and veterans' benefits—programs that are essential to millions of Americans.
He argues that discussions around budget cuts are often disconnected from fiscal realities and fail to consider the potential adverse consequences on society.