Is the federal debt REALLY that bad?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 1 May 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | NPR. Darien, I heard you made a special trip to Times Square last week. |
| 0:17.0 | I did, I went very close. |
| 0:19.0 | I'm standing here looking up at this sign called Our National Debt. |
| 0:24.0 | Okay, so you picked the nerdiest sign in Times Square to look at. |
| 0:29.0 | Of course, I found this National Debt sign on a side street. |
| 0:32.0 | It was kind of hidden between two |
| 0:34.0 | restaurants, burger and lobster and mermaid oyster bar. Oh sounds decadent and so is |
| 0:40.7 | our spending I assume the number is pretty high. |
| 0:43.5 | It's rising up and up and up in bright yellow letters. |
| 0:47.9 | So what are we up to now? |
| 0:49.5 | Are we approaching 100% of gross domestic product. |
| 0:52.8 | Yeah and one measure the US government has a collection of IOUs adding up to about a |
| 0:57.2 | years worth of output. On that day the number was more than thirty four trillion |
| 1:02.0 | dollars and I asked the people passing by That number was more than $34 trillion. |
| 1:03.4 | And I asked the people passing by to look up at the sign and tell me what came to mind. |
| 1:08.6 | Wow, that's crazy. |
| 1:12.1 | I think it is concerning. Yeah, ceremony. A lot of money. |
| 1:17.0 | A lot of money facts. This is the indicator from Planet Money. I'm Waylon Wong. |
| 1:21.6 | And I'm Darren Woods. |
| 1:22.7 | Today on the show, the big number hanging over all Americans, |
| 1:27.1 | the federal debt. |
| 1:28.5 | Is it time to freak out, or is there nothing to see here? That's after the break. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

