2 months ago

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"I'm concerned about a Trump-Biden rematch," argues Riedl. "You have two presidents with two of the worst fiscal records of the past 100 years."

reason.com/video
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You probably already know that the national debt is bigger than our whole economy. But relax, because things can always get worse! And they will, regardless of whether Biden or Trump gets elected in the fall. Each has a proven track record of spending like a drunken sailor and most projections show that debt will grow to between 181 percent and 340 percent of GDP over the next few decades. Reason's Nick Gillespie discussed all of this and more with Brian Riedl, a budget expert at the Manhattan Institute. Riedl explains why massive and growing debt is really bad, why reducing it is really hard but really important, and why young people should be really pissed.

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