Honorable Maurice McTigue, QSO | Fixing America's Failing Public Schools | Restoring Fiscal Responsibility to Washington, DC

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00:25:45

October 18th, 2021

25 mins 45 secs

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About this Episode

The Honorable Maurice McTigue joins co-hosts Natasha Srdoc and Joel Anand Samy for a timely conversation in addressing America's failing public schools and the urgency to address fiscal responsibility in Washington, DC, by advancing a transparent budget process, and requiring the passing of an annual budget by law. The discussion focused on advancing principled solutions.

— America's Failing Schools | In 2018, America ranked 11th out of 79 countries in science and 30th in math.

The U.S. economy would grow 4.5% in the next 20 years if our students’ math and science skills were as strong as the rest of the world’s."
Eric A. Hanushek, economist, Hoover Institution at Stanford University

— America's national debt at $28 trillion.

"I do not believe the debt overhang is the real problem. I believe the real problem is government spending. Government debt is a problem in the long run. Obviously, if the government continues to run deficits for a long period of time, it will sooner or later have to monetize them. So I do not deny that is a real problem. However, it is a mistake to concentrate on the debt as such instead of concentrating on why the debt was created, which is by excessive government spending. What is called a deficit is a form of taxation. It is a very bad form of taxation, but it is a form of taxation. However, it does have some good features. The deficit is the only thing that is keeping spending from going up still faster. Moreover, I do not know of any component of government expenditures that does less harm than the payment of interest. If interest rates tomorrow were zero so that government did not have to pay any interest, what would happen to the money it saved? Do you think it would reduce the deficit? You are kidding yourself.
"Milton Friedman, Nobel Laureate in Economics

The Honorable Maurice McTigue, QSO, is Vice President for Outreach at the Mercatus Center at George Mason University and a founding Executive Advisory Board Member of the US-based International Leaders Summit.

McTigue has testified on Capitol Hill and published articles in many major media outlets, including the New York Times, the Atlantic, Bloomberg Businessweek, US News & World Report, and the Chicago Tribune.

McTigue advised the Office of Management and Budget and most federal agencies in the Clinton and Bush administrations on issues of accountability and transparency and has consulted with legislators and governors in more than 30 states. McTigue was a special advisor to Louisiana’s Commission on Streamlining Government and was named to Virginia governor Bob McDonnell’s Commission on Government Reform and Restructuring.

A former cabinet minister and member of parliament in his native New Zealand, McTigue was one of the architects of the “New Zealand miracle,” which dramatically reformed the country’s government and economy by implementing market-driven, pro-growth policies. He later became New Zealand’s ambassador to Canada.

In a ceremony at Buckingham Palace in 1999, Queen Elizabeth II bestowed upon McTigue the prestigious Queen’s Service Order, in recognition of his public service. This is one of the highest honors attainable for civil service in New Zealand.

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America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit.

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