Does Anybody Know How to Solve an American Debt Crisis?
Plain English with Derek Thompson
The Ringer
4.7 • 2.1K Ratings
🗓️ 19 May 2026
⏱️ 60 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | Some follow the noise. |
| 0:07.0 | Bloomberg follows the money, because behind every headline is a bottom line. |
| 0:14.0 | Whether it's the funds fueling AI or crypto's trillion dollar swings, there's a money side to every story. |
| 0:22.0 | And when you see the money side, you understand what others miss. |
| 0:26.3 | Get the money side of the story. |
| 0:28.4 | Subscribe now at Bloomberg.com. |
| 0:33.9 | So it's my birthday today. |
| 0:37.0 | I'm 40 years old. |
| 0:38.3 | And birthdays like this, the ones divisible by 10, I guess, |
| 0:41.3 | really force a person to do some existential reflection. |
| 0:44.3 | Like, how have I changed since I was 30, 20? |
| 0:47.3 | And maybe partly because I'd share a birthday |
| 0:50.3 | with my first college roommate, shout out Matt. |
| 0:52.3 | I was thinking about my life recently |
| 0:54.5 | right after I graduated from college. As a 23-year-old writer at the Atlantic, it was my day job |
| 1:01.0 | to blog about economics, and in particular to blog about that famously delicious and click-bady |
| 1:06.6 | topic of fiscal policy. That is how the U.S. taxes and spends money. This was, believe it or not, |
| 1:14.4 | one of the biggest stories in the country, if you don't remember. At the time, there was a |
| 1:18.4 | huge debate about the U.S. debt, how much we should worry about it. Typically, the debate broke |
| 1:23.6 | down by ideology. It was conservatives and libertarians who told us to worry about the debt, |
| 1:28.1 | and it was liberals who criticized conservatives and libertarians for freaking out about nothing and |
| 1:32.3 | using debt fears as a smokescreen to cut spending on seniors and poor people. But 15 years later, |
... |
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