7 Realities - No Matter Who Wins

The Great Simplification with Nate Hagens

Nate Hagens

Natural Sciences, Science, Earth Sciences

4.8 • 555 Ratings

🗓️ 4 November 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With the upcoming election, citizens of the USA once again align our beliefs and dreams with our 'favored'' political party, while often showing disdain and ridicule for the opposition. There is an unspoken hope that if all 3 branches of government are unified (with the right flavor!), the issues that we care about will finally be addressed. In this segment of Frankly, Nate reflects on the growing systemic realities that we'll have to face in the coming decade regardless of who wins this November. These realities can only be solved/responded to with a functioning system of governance. How will we work together as a society to overcome these challenges, rather than pitting ourselves against each other and shouting blame?

For Show Notes and Transcript visit: https://www.thegreatsimplification.com/frankly-original/15-7-realities-no-matter-who-wins

To Watch on Youtube: https://www.youtube.com/watch?v=spnxD4P1gRA

Transcript

Click on a timestamp to play from that location

0:00.0	It is that time of year again, election time, where kind of like a football match, we have
0:08.3	our beers and our refreshments and we look at CNN or Fox News and watches the results
0:15.4	come in on our team.
0:17.7	Who's going to win?
0:18.7	Are we going to be in a really bad, depressed, angry mood, or are we going to be elated?
0:23.6	Because our team, our tribe, is going to dictate the decisions of the next couple years.
0:30.6	The purpose of this, frankly, is that no matter who wins, we as 330 million Americans face an uncertain
0:41.9	future that affects all of us and that the two political parties in the way the system
0:48.7	works today are unable to solve these things and we are going to have to intervene and support and change the way
0:57.2	we interact with each other because the government is of the people for the people by the
1:03.4	people and we've forgotten that so no matter who wins number one our nation just passed $31 trillion in national debt as interest rates are going up.
1:16.6	And the interest alone now is surpassing our entire military budget, which is by far the largest in the world.
1:26.6	We've been able to continue to increase our
1:29.7	debt ceilings and add to our borrowing from the future because interest rates have been so low.
1:37.8	This may not be the case for much longer. And what ends up happening is the party that's in control wants to spend
1:45.6	more and help the other party wants to slow things down and digs their heels in and we end
1:52.8	up having potential government closures and eventually there's a vote and if you look at all the debt ceilings of the past, they've always been voted to be
2:05.0	increased.
2:06.5	We take that for granted.
2:07.5	We can always do that.
2:09.7	But the amount of debt we have relative to the interest that we use GDP to pay down is eventually going to hit a wall.
2:21.5	And the reason it's going to hit a wall is number two.
	...

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