K
Kevin Angell
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Aug 27, 2026
Does Congress Actually Have Power of the Purse?
14:45
14:52
14:57
15:02
A
14:40Anthony FowlerHOST
To, to what extent is that a problem for you, and how do you, how do you deal with that?

Kevin AngellGUEST
Um, so to start off, you know, there has been some prior, uh, research that has looked at whether or not presidents are engaging in this strategic behavior.

Kevin AngellGUEST
Uh, most directly, uh, there's a paper by Chon Rogowski that came out recently that, that tests for this.

Kevin AngellGUEST
Um, and I think there's some good theoretical reasons why presidents would be, in some ways, truthful with their proposals.

Kevin AngellGUEST
You know, they're, they have-- playing a repeated game with Congress, if they start to inflate this year, um, then Congress will essentially assume that their proposals going forward are also going to be inflated or, you know, es-es-especially, uh, cut.
A
16:57Anthony FowlerHOST
Presidents look like they're influential, but it's really just that they're better at predicting how much is actually gonna be spent in each area.