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Back to Author Michael Lewis (‘The Big Short’) Pulls Back the Curtain, with Michael Lewis & Sam Fragoso.

Why Does Michael Lewis Say Cutting Two Trillion From the Deficit Was Impossible?

Michael Lewis says the stated goal is to cut the deficit by two trillion dollars out of a seven trillion dollar deficit. Seventy-five percent of the spending is either interest payment on the debt, the military, or entitlements, and none of the interest, the military, or the entitlements is being addressed. Cutting two trillion dollars out of the debt just by attacking the remaining spending is mathematically impossible.

What actually gets cut is a few billion dollars, which ends up being almost nothing. Paying people who have been laid off for two years ends up probably costing more than the amount cut. He says the result has not been good business.

Seen from Mars the way Elon Musk would look at it, the national debt has increased by three and a half trillion dollars in the first two years of the Trump administration.

Grokipedia·Michael Lewis·Elon Musk

Transcript

Author Michael Lewis (‘The Big Short’) Pulls Back the Curtain ·

Talk Easy with Sam Fragoso

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  6. How Does Michael Lewis Get Close Enough to Draw Someone?Sam Fragoso read from the New York Times Magazine essay Michael Lewis wrote in 1999, after writing about his friend John McCain. The essay is I Liked a Pol.
  7. How Did Michael Lewis Find Michael Oher for the Blind Side?Sam Fragoso asked about the controversy around The Blind Side and Michael Oher, the football player who lived with Sean Tuohy in a conservatorship.
  8. Did the Tuohys Steal Michael Oher's Movie Money?Five years ago, Michael Lewis says, Michael Oher called wanting more money from the book and time on the road to talk about it. Lewis called Sean Tuohy.
  9. What Is the Blind Side About?Sam Fragoso asked why Michael Oher pressed for the money, given that Lewis had gotten to know him.
  10. Why Does Michael Lewis Put the Reader Ahead of the Subject?Michael Lewis says time with a subject is not a little time. It is eighteen months, or whatever the book takes, and then he moves on.
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