A Conversation with Professor Dave Brat | State of the US Economy — Inflation, National Debt, Dismal Productivity Growth | US Supreme Court Cases on Section 230
February 21st, 2023
23 mins 44 secs
About this Episode
Join America's Roundtable Radio co-hosts Natasha Srdoc and Joel Anand Samy with former U.S. Congressman David Brat, dean, School of Business at Liberty University.
Dr. Brat served in the United States Congress for Virginia’s 7th District. He served on the Budget, Education and Small Business Committees, and Chaired the subcommittee on Economic Growth, Tax and Capital Access.
His knowledge base comes from years of experience in business, as an economic consultant with Arthur Andersen and the World Bank and 20+ years of work in higher education teaching economics and ethics. He worked with the Senate side of the Virginia General Assembly for seven years. He also served as the president of the Virginia Association of Economists and was a member of the Virginia Board of Accountancy. Dr. David Brat is a distinguished member of the Executive Advisory Board of International Leaders Summit.
The discussion will focus on the following key topics:
— The state of America's economy and an update on the real economic issues facing Americans and the next generation | The Hill: "The nation’s annual budget deficits are projected to average $2 trillion over roughly the next decade, according to figures released by the Congressional Budget Office (CBO) on Wednesday."
— At this rate, the U.S. national debt at over $31 trillion in 2022 will grow to $51 trillion in just 10 years.
— Public education failing smart students.
— The two forthcoming U.S. Supreme Court cases focusing on Section 230 and the future of tech and social media companies.
— The European Union will now apply stricter rules known as the — "Digital Services Act." Reuters: "The new rules known as the Digital Services Act (DSA) label companies with more than 45 million users as very large online platforms and subject to obligations such as risk management and external and independent auditing."
— Red states—those leaning Republican—are seeing more people moving in when comparing to Democratic-leaning blue states. Post-pandemic, some 14% of Americans have now moved from blue to red states governed by Republicans.
WSJ Report: "Forty-six million people moved to a different ZIP Code in the year through February 2022, the most in any 12-month period in records going back to 2010, according to a Moody’s analysis of Equifax Inc. consumer-credit reports. The states that gained the most, led by Florida, Texas and North Carolina, are almost all red, as defined by the Cook Political Report based on how states voted in the past two presidential elections. The states that lost the most residents are almost all blue, led by California, New York and Illinois."
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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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