Why You Should Worry About the Debt | Brian Riedl

Hold These Truths with Dan Crenshaw

Dan Crenshaw

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

4.6 • 16K Ratings

🗓️ 27 October 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Manhattan Institute economist Brian Riedl joins us for a 30 minute crash course on the federal debt, budget, and taxes. We cover budget gimmicks in the Democrats' $3.5 trillion spending bill, misconceptions about the Child Tax Credit and wealth taxes, government shutdowns and debt ceilings, and what happens when the 100+ trillion dollar debt avalanche hits the American economy.

Brian Riedl is a senior fellow at the Manhattan Institute, focusing on budget, tax, and economic policy. Previously, he worked for six years as chief economist to Senator Rob Portman (R-OH) and as staff director of the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth. Follow him on Twitter at @Brian_Riedl.

Transcript

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0:00.0	We hold these truths to be self-evident.
0:02.0	That all men are created.
0:04.0	Because I remember Congress, I get to have a lot of really interesting people in the office.
0:07.2	Experts on what they're talking about.
0:08.8	This is the podcast for insights into the issues.
0:11.6	China, bioterrorism, 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.
0:24.8	All right, welcome back folks.
0:26.8	Got Brian Raidel here.
0:28.0	We're going to talk about the debt.
0:30.0	We're going to talk about some of the misconceptions about the debt.
0:34.0	What we might expect from some of these bills.
0:36.0	What the long-term effects might be.
0:38.0	What people on the ground should be actually worried about.
0:42.0	The debt, unfortunately, I think continues to be less and less important average Americans.
0:46.0	Because they've been told the sky is falling for literally decades.
0:50.0	And it never quite falls.
0:52.0	So that's what I'm talking about.
0:54.0	I think as a result, people have just start to start worrying about it.
0:58.0	But this is an issue that you focus on quite a bit.
1:02.0	You're at the Manhattan Institute right now.
	...

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