The Debt Dialogues is a weekly podcast that aims to educate young people about the welfare state and how it will affect their future. In this episode, I interview R.J. Renza, Jr., author of How Are You Not Angry Yet? How Social Security is Destroying the Futures, Finances and Hopes of Generations X, Y and Z and How We Can Put an End To It, on the vital need to end Social Security. Topics covered include: the true cost of Social Security, what young people really think about the program and how to convince people that Social Security should be abolished.
The Debt Dialogues is a weekly podcast that aims to educate young people about the welfare state and how it will affect their future. In this episode, I interview Peter Ferrara, senior fellow for entitlement and budget policy at The Heartland Institute, on how to address the entitlement crisis. Topics include: why Social Security and Medicare are not sustainable; the importance of coming up with concrete proposals for reining in entitlements; Peter Ferrera’s proposals for reforming Social Security and the health care system.
Here’s the mystery: although most Americans say they support cutting government spending in general, they nevertheless oppose cutting any specific program — least of all the so-called entitlement programs that are driving today’s torrent of spending: Social Security and Medicare.
Eduardo Porter has a piece in The New York Times blaming Wall Street for the fact that the average American is allegedly going to run out of money in retirement. According to Porter, the average working family nearing retirement has just $104,000 in retirement savings — obviously not enough to keep someone afloat for twenty or thirty years. I’m not convinced that we are in fact facing a “retirement crisis.” But I want to set that aside. What’s interesting is who Porter blames for this problem.
You’ve probably heard this before: America is facing a serious debt crisis. Economists estimate that the unfunded liabilities for Social Security and Medicare amount to roughly $200 trillion. That’s about $400,000 per American.
The Debt Dialogues is a weekly podcast that aims to educate young people about the welfare state and how it will affect their future. In this episode, you’ll hear my recent talk “End the Debt Draft: How the Welfare State Is Exploiting Millennials.” I also explain why we’ve missed a few episodes and when we’ll return to our regular schedule.
If nothing is done, the bill for Social Security, Medicare, and Medicaid will bankrupt Millennials and their children. But support for these programs is strong among the elderly and the young alike. In this talk delivered as part of ARI’s Road to a Free Society tour, best-selling author Don Watkins argues that this support is based on a handful of myths, and that if Americans knew the truth about the welfare state, they would not want to save it — but abolish it.
It's really a shame that we let Bernie Madoff's Ponzi scheme collapse. We could have kept it going for a long time had we forced people to pour more money into it.
The Debt Dialogues is a weekly podcast that aims to educate young people about the welfare state and how it will affect their future. In this episode, I interview Romina Boccia, the Grover M. Hermann Fellow in Federal Budgetary Affairs at the Heritage Foundation, on Social Security and how it affects Millennials.
