On the recordJuly 19, 2021
Nobody ever supports the budget that you actually have to write down.
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congress.govNobody ever supports the budget that you actually have to write down.
Khanna reflects on the challenges of defending presidential budgets.
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We have a country right now where all the capital is going to build AI, technology apps and financial firms, but we need capital also for our small and medium-sized businesses, for our manufacturers.
We need to be developing not just New York and Silicon Valley and Austin – we need to be developing industry in the midwest, in the south-west, in the south, and I believe an industrial investment bank is a concrete step towards that.
That we're at a breaking point in America, and that if we don't do something dramatically different, we may break.