Part 4/8:
The senator outlined his plan for a baseline budget, adjusting for inflation and population growth while maintaining funding for certain programs like Social Security and Medicare. He feels that this operational method is crucial to tackling spending in a realistic way, rather than simply making superficial cuts.
Utilizing Modern Analytical Tools
In his efforts to push for better decision-making regarding the budget, Johnson mentioned his use of artificial intelligence to run various economic scenarios. This approach aims to stress-test potential outcomes based on different growth rates and economic conditions. He noted that by examining various possibilities, the Senate could better understand the implications of federal spending and how it might impact the economy.