Our debt just got a whole lot bigger - solutions every young person should be fighting for, with Dr. Charles Blahous

Hold These Truths with Dan Crenshaw

Dan Crenshaw

Politics, Energy, Healthcare, News, World, Society & Culture, Regulations, Finance, America, Freedom

4.6 • 16K Ratings

🗓️ 29 March 2020

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Social Security is projected to be insolvent in 2035 - which means that millennials and gen z paying into the program today may never receive its benefits. Dr. Charles Blahous returns to the show to talk about how we got to this point, and a realistic plan to save the program for future generations.

Dr. Charles Blahous is the J. Fish and Lillian F. Smith Chair and Senior Research Strategist at the Mercatus Center at George Mason University, where he specializes in domestic economic policy and retirement security, as well as federal fiscal policy, entitlements, and health care programs. Blahous is the author of Social Security: The Unfinished Work and Pension Wise: Confronting Employer Pension Underfunding and Sparing Taxpayers the Next Bailout, as well as the influential studies The Costs of a National Single-Payer Healthcare System and The Fiscal Consequences of the Affordable Care Act.

Transcript

Click on a timestamp to play from that location

0:00.0	We hold these truths to be self-evident.
0:02.0	But all men are clean.
0:04.0	Because I remember Congress, I get to have a lot of really interesting people in the office.
0:07.0	Experts on what they're talking about.
0:09.0	This is the podcast for insights into the issues.
0:11.0	China, bio-terrorism, Medicare for all, in-depth discussions.
0:16.0	Breaking it down into simple terms.
0:18.0	We hold these truths with Dan Crenshaw.
0:24.0	Hey everybody, I am back with Dr. Chuck Blahouse,
0:28.0	Senior Research Strategist at Mercatus.
0:32.0	We had him on before talking about the infamous Medicare for all report
0:37.0	that Medicare for all would cost $32 trillion and some of the details associated with that.
0:41.0	But we are having him on again because he was also a public trustee for Social Security and Medicare.
0:47.0	And these happen to be pretty important issues especially if you're a millennial or Gen Zier
0:53.0	and you would like to see these programs maybe stick around when we retire.
0:58.0	So Chuck, thanks for being back on the show.
1:00.0	Thanks for having me.
1:02.0	You know, when we look at the long-term trajectories in our debt and what is causing that,
1:08.0	it seems that the only thing that is really growing as a percentage of GDP is mandatory spending.
1:14.0	And the vast majority of which is Social Security and Medicare seems our federal revenue
1:20.0	stays about the same even with the tax cuts.
1:23.0	Just throwing that out there for a lot of people who think that we're getting vastly less money
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Dan Crenshaw, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dan Crenshaw and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.