Is Money Actually Real? And Other Debt Ceiling Questions

Matter of Opinion

New York Times Opinion

Society & Culture, Ross Douthat, News, New York Times, Journalism

4.2 • 7.2K Ratings

🗓️ 1 June 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Time is running out for Congress to pass legislation lifting the debt ceiling. The United States is just days away from defaulting on its obligations, which would cause global economic chaos. A deal seems likely to pass, but given that the deadline was no mystery, why did it take until the last moment? Is there a better strategy? How should we have tough conversations about our nation’s spending? And is it inevitable that we will find ourselves in this situation again? (A full transcript of the episode will be available midday on the Times website.)

Transcript

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0:00.0	Carlisles, don't like the microphone.
0:02.4	Oh, God.
0:03.4	It's hearing Colken licking the cheese.
0:06.3	Ew.
0:07.1	You know, speaking of succession,
0:08.5	this discussion of the debt ceiling reminds me of
0:10.3	when Frank tells Kendall that he has to offer a stupid number
0:15.3	for Walter.
0:17.2	And he's like, what's a stupid number?
0:18.2	He's like, I don't know, a Badillion.
0:19.9	You know?
0:21.3	And that's what I think we're talking about Badillions
0:25.3	when it comes to the national debt.
0:27.6	I personally account all of my wealth in terms
0:29.8	of Badillions.
0:30.8	Don't you?
0:31.8	Fractions of Badillions.
0:32.8	Fractions of Badillions.
0:43.8	From New York Times' opinion, I'm Michelle Coddle.
0:46.3	I'm Ross Dousett.
0:47.6	I'm Carlos Lozada.
0:48.9	And I'm Lydia Pullgrain.
	...

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