This is the Kator Daily Podcast for Thursday, April 20th,

2003. I'm Caleb Brown. Is the solution to stemming the tide of

dangerous levels of federal debt making the process look more like the congressional

process for shifting and closing military bases. Kato's Romina Batcha and

William Glass of the millennial debt foundation discuss how best to move the needle on

reining in US debt in a rational and importantly politically palatable way.

William, let's start with you.

Tell us about the millennial debt foundation.

The millennial debt foundation was started by the current

Hamilton County mayor, Weston Wamp, in league with his, one of his mentors, the late Senator Tom Coburn.

And it was a, it was basically the fruit of Tom Coburn's career-long warning to the country about the debt and who was

likely to have to deal with the fallout and the consequences if the debt was not brought

under more control.

And so Weston began to discover that it would be our generation,

millennials, that were going to bear or eat the twisted fruit of this problem and as we began to talk about it and

gather our commissioners and and and the people the people who've worked with us on this project,

we began to, we realized we had a solidarity and a lot of us were concerned about this.

A lot of us realized that we were going to live in an economy that was going to increasingly crowd out our ability to do good.

It was going to crowd out opportunity and it was going to harm most of all the people who need

the government's help the most over the next 30 40 years

They were going to be harmed most of all by a runaway debt and irresponsible fiscal policy so that's how the foundation was started. We decided we wanted to gather millennials

to start a discussion and then actually move the needle

...