Episode 26 - The National Debt and Deficit Spending: Wherein we discuss the $37 Trillion US national debt, the budget deficit that every President has run for decades, the dangers to America due to increasing debt, and what should be done about it.
Links:
https://www.usdebtclock.org/
https://demonocracy.info/infographics/usa/us_debt/us_debt.html
00:00:11 - Introduction
00:02:32 - The stereotypical Democrat and Republican approaches to spending
00:06:34 - Definitions
00:08:37 - Republicans hold a double standard when it comes to spending? (The Democrat viewpoint)
00:10:42 - Nah, both parties have a double standard!
00:12:48 - Mind blowing graphics
00:15:54 - So the debt is huge...
00:17:21 - The Libertarian viewpoint
00:19:05 - The Republican viewpoint
00:21:08 - Fiat currency
00:25:18 - Are we okay with deficit spending to get out of a crisis?
00:29:35 - Now would be a time to cut spending...
00:32:58 - An explanation of why the Republican majority isn't going further with spending cuts
00:35:13 - Why is Elon Musk really mad about the Big Beautiful Bill?
00:37:50 - Congressional budget math
00:42:45 - Other factors that contributed to the Clinton budget surplus
00:43:51 - Why is debt bad?
00:52:14 - If you were King or Queen for a day, how would you fix this?
01:08:23 - Are Libertarians right-leaning?
01:11:45 - What's been making us happy----------The LDRship Podcast: the podcast where we bring together voices from all sides of the political spectrum for thoughtful, civil discussion. Here we engage in real conversations with viewpoints from Libertarian, Democrat, and Republican backgrounds, tackling the issues that shape the hearts and minds of everyday Americans.Our goal is to bridge divides, foster understanding, and create an upbeat, respectful space for serious topics. Whether you’re passionate about policy or just looking for a fresh perspective, we’re here to lead the way.
