4.6 • 6.3K Ratings
🗓️ 26 December 2019
⏱️ 59 minutes
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0:00.0 | Greetings, dear listeners. This is Jonah Goldberg, host of the Remnant Podcast brought to you by Dispatch. |
0:30.0 | You can go to the dispatch.com to sign up for newsletters to find out more about what's going on and all sorts of other good things. |
0:40.0 | I won't believe at the point. And also by the National Association of Scholars, one of America's most vibrant intellectual communities. |
0:48.0 | Excited to have in the studio live and in person, Phil Klein, who are you, what is your title of the examiner now? |
0:56.0 | Executive editor. You're executive editor of the Washington Examiner and the author of Fear Your Future. |
1:04.0 | How the deck is stacked against millennials and why socialism would make it worse. It's not a feel-good book. |
1:15.0 | It's just in time for the holiday season. |
1:21.0 | So why don't you, I should tell listeners that the graph on the front cover is total public federal debt 1964 to 2049. |
1:32.0 | And basically it looks like the back end of a tsunami of red ocean water. |
1:41.0 | So it's a subtle and big-us message here. But why don't you explain it for people? |
1:48.0 | Yeah, basically what this book is about, I think that millennials may be the most mock generation in American history. |
1:57.0 | And there's sort of a lot of stereotypes. There's special snowflakes. They are chomping down on avocado toast and guzzling mimosas and living in their parents' basements and so forth. |
2:11.0 | But I think that they actually are getting a raw deal and have a lot of legitimate reasons to be resentful, particularly toward baby bloomers. |
2:23.0 | And basically what I write about in my book are that they're facing twin challenges. One has to do with the unprecedented level of federal debt. |
2:35.0 | The other has to do with the financial headwinds that they're facing, particularly in terms of cost of living on many key goods such as healthcare, college education, childcare, and so forth. |
2:55.0 | And so the problem and the fear I have is that basically you have people like Elizabeth Warren and Bernie Sanders and AOC who are coming along and sort of tempting them by saying, well, all of these problems that you have in terms of your personal finances and costs, we could take them off of your play. |
3:23.0 | Student loan debt, we're going to wipe that away. We're going to give you free childcare and subsidize housing and free healthcare and so on. And so that sort of tempting. |
3:36.0 | And but the sort of, of course, the danger is that being lured into that socialism makes the first problem, which is the unprecedented level of debt significantly worse. |
3:55.0 | And so that's what I wrote the book and to sort of underscore how much of a problem we're talking about. |
4:03.0 | The, you know, we've been talking about dad and people warn about federal debt long time and nothing happens and people say, hmm, we seem to have avoided some sort of crisis. |
4:17.0 | Maybe it's not really a big deal. Rush Limbaugh recently said that the debt was always sort of a phony issue and on both the right and left. |
4:29.0 | And certainly with the rise of Donald Trump, who is deemphasized the idea of the importance of doing anything on the debt. |
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