In this week's The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman lament the latest dire forecast from the Congressional Budget Office (CBO) last week forecasting a $2 trillion budget deficit in 2024.

02:31—$2 trillion federal budget deficit

21:17— Joe Biden vs. Donald Trump on immigration

37:02—Weekly Listener Question

46:23—Revisiting Anthony Fauci and COVID-19 origins

55:18—This week's cultural recommendations

Send your questions to roundtable@reason.com. Be sure to include your social media handle and the correct pronunciation of your name.

Today's sponsor:

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Audio production by Ian Keyser; assistant production by Hunt Beaty.

Music: "Angeline," by The Brothers Steve

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The Reason Roundtable

Eating Doritos While Drowning in Debt

This week, Reason editors Peter Suderman, Katherine Mangu-Ward, and Matt Welch are joined by Republican pollster Kristen Soltis Anderson to analyze Zohran Mamdani's primary win over Andrew Cuomo in New York City's mayoral race and what it signals about the future of Democratic politics. They also discuss the Senate GOP's version of President Donald Trump's "Big Beautiful Bill" and how Republican views on gay marriage have shifted since the Obergefell decision in 2015. Finally, a listener question prompts a discussion on Modern Monetary Theory and the risks it poses from a libertarian perspective.

0:00—What does it mean to be a party pollster?

2:53—Socialist Mamdani wins NYC Democratic primary

11:59—The politics of the housing crisis

15:18—The abundance agenda and Mamdani

21:15—Mamdani as the Trump of the left

27:07—Listener question on Modern Monetary Theory

37:15—Senate GOP version of Trump's "Big Beautiful Bill"

42:45—Republican voters shift on gay marriage

48:28—Is the GOP more libertarian under Trump?

50:28—Chances Trump might prove us wrong on Iran strategy

54:22—Weekly cultural recommendations

Today's Sponsors:

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Did NYC Vote for Socialism or Against the Establishment?

Founded in 1968, Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Our podcast offerings include:

The Reason Roundtable
Every Monday, the libertarian editors of the magazine of “Free Minds and Free Markets”—Matt Welch, Nick Gillespie, Katherine Mangu-Ward, and Peter Suderman—discuss and debate the week’s biggest stories and what fresh hell awaits us all.

The Reason Interview with Nick Gillespie
Want to know what comes next in politics, culture, and libertarian ideas? Reason’s Nick Gillespie hosts relentlessly interesting interviews with the activists, artists, authors, entrepreneurs, newsmakers, and politicians who are defining the 21st century.

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Reason presents a libertarian-themed debate series recorded monthly before a live audience in New York City. Moderated by former Barron's Economics Editor Gene Epstein, the Soho Forum features Nobel prize winners, radical thinkers, and other public intellectuals facing off over the future of bitcoin, veganism, sex work, illegal drugs, electric vehicles, abortion, robotics, government debt, and other controversial topics.

New tracks tagged #Modern Monetary Theory