Brian Riedl is a senior fellow at the Manhattan Institute, focusing on budget, tax, and economic policy. Paul and Brian have known each other and worked together since their days in Washington, DC. On this episode Brian and Paul discuss the sorry state of the federal budget and what the Biden budget proposal would do to worsen the situation. They contemplate inflation and its many causes including all of the recent Pandemic spending bills that passed (and some that have not). Finally, they address the impact rising interest rates could have on the dire federal budget situation.