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The Reason Interview With Nick Gillespie

Brian Riedl: Who Bankrupted Us More—Trump or Biden?

The Reason Interview With Nick Gillespie

The Reason Interview With Nick Gillespie

News, Politics

4.6713 Ratings

🗓️ 28 February 2024

⏱️ 62 minutes

🧾️ Download transcript

Summary

You probably already know that the national debt is bigger than our whole economy. But relax, because things can always…

Transcript

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0:00.0

This is the reason interview with Nicholas.

0:06.0

Thanks for listening.

0:07.4

Today's episode is sponsored by Donors Trust, The Tax Friendly Way to preserve your charitable

0:13.2

giving.

0:14.2

More on them later in the show.

0:17.2

So you probably already know that the national debt is bigger than our entire economy.

0:23.1

But relax, because things can always get worse, and they will, regardless of whether Biden or Trump gets elected in the fall.

0:32.5

Each has a proven track record of spending like a drunken sailor and most projections show that the debt is going

0:39.4

to grow to be between 181% and 340% of GDP over the next few decades. My guest today is

0:48.3

Brian Reedle. He's a budget expert at the Manhattan Institute and he explains why massive and growing

0:54.0

debt is really, really bad,

0:56.2

why reducing it is really, really hard, but also really, really important, and why young people

1:02.4

should be really, really pissed. Here is the Reason interview with Brian Reedle.

1:09.1

Brian Riddle, thanks for talking to reason.

1:11.2

Glad to be here.

1:12.3

So we're about, you know, we know who the candidates are going to be.

1:15.8

It's going to be Biden versus Trump.

1:17.6

They both have track records that you have been tracking as a policy analyst at the Manhattan

1:23.6

Institute talking about debt and deficits.

1:26.7

You recently last fall released a big book of charts and doom and deficits.

1:34.3

We're going to talk about that.

1:36.3

But basically what we're looking at is the Congressional Budget Office over the next 30 years

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