Listen: President, President Emeritus And Larry Summers discussed on Here & Now
"Were ill-conceived. But the right priority for the next president should be public investments. We should not begin the next presidency with an orgy of budget deficit cutting or getting entitlements under control. So we need to pay for new steps we take from here. But I don't think it should be a priority to bring down the debt. Well, when you say we need to pay for does that mean that the next president? Should be prepared to raise taxes. If the next president wants major new expenditures and those expenditures don't yield benefits in the form of revenue that it will be necessary to raise taxes, and I think they're variety of ways in which we can raise taxes on high income people that is Larry Summers for Treasury Secretary, former director of the National Economic Council and president emeritus of Harvard University. Thanks as always for joining us. Thank you, by"