https://simplecast.com Gross Domestic Problem Welcome to Gross Domestic Problem — the podcast that unveils America’s biggest financial crisis. Every episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. And every solution requires sacrifice. Ignoring it means handing the burden to the next generation. If that’s unacceptable to you, you’re in the right place. Subscribe now at grossdomesticproblem.com and join the conversation. 2025 en Wed, 1 Apr 2026 08:30:00 +0000 Thu, 2 Apr 2026 16:52:50 +0000 https://gross-domestic-problem.simplecast.com Gross Domestic Problem https://image.simplecastcdn.com/images/be457c03-46fc-41ea-80a2-70071f7b9cfa/e18b72d2-de72-4a32-8430-450c842a7691/3000x3000/gdp-022125.jpg?aid=rss_feed https://gross-domestic-problem.simplecast.com episodic Welcome to Gross Domestic Problem — the podcast that unveils America’s biggest financial crisis. Every episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. And every solution requires sacrifice. Ignoring it means handing the burden to the next generation. If that’s unacceptable to you, you’re in the right place. Subscribe now at grossdomesticproblem.com and join the conversation. William Glass false https://feeds.simplecast.com/X3pYZ7Bp economic crisis, government spending, national debt Millennial Debt Foundation heard@trustheard.com d0a5a8b1-1071-4d02-8f80-b4f2f0db99de Generational Theft: What Today’s Policy Means for the Young In this episode of Gross Domestic Problem, William Glass talks with professor and former regulator Jill Cetina about the hidden “plumbing” of the financial system and how policy since 2008 has reshaped risk. They unpack how quantitative easing (QE) worked, why the Fed’s balance sheet exploded, and how QE inflated asset prices, especially housing, while quietly creating banking vulnerabilities through uninsured deposits. Cetina argues that aggressive quantitative tightening (QT) now risks new bank stress, especially in a stagflation scenario where inflation stays high as growth and employment weaken. They explore how energy shocks and potential oil spikes could fuel stagflation, why America’s rising debt and unfixed entitlement promises are pushing us toward fiscal dominance, and how stablecoins and nonbank finance can drain deposits from banks and crowd out real-economy lending. The key takeaway is that the current mix of monetary and fiscal policy is accumulating systemic risk, and younger and mid-career generations need to engage politically, professionally, and by building real-economy businesses and families, if they want the “deal” of the American Dream to remain viable.

Key topics in today’s conversation include:

  • Introducing Professor Jill Cetina & the Core Question: “Is the Deal Still Real?” (3:32)  
  • What the Fed’s Balance Sheet Does & How QE Began in 2008 (8:04)  
  • QE’s Side Effects: Codependency with Fiscal Policy (10:26)  
  • Housing Affordability Crisis, 3% Mortgages, and “Locked-In” Homeowners (13:32)  
  • Asset Inflation Beyond Housing: Stocks, Tech, and the AI Boom (15:53)  
  • Jill’s Sharp Critique: Why Current QT Thinking Is Dangerous (17:52)  
  • Critique of “Use the Discount Window Instead of Keeping Liquidity” Idea (20:44)  
  • Introducing Stagflation: Weak Growth + Sticky Inflation (24:47)  
  • Three Vectors of Recession Risk: Oil, Falling Assets, Private Credit Stress (29:30)  
  • The Fed’s Policy Shift: Tolerating Higher Inflation Post-COVID (33:16)  
  • Why Extending Fed Liquidity to Nonbanks & Stablecoins Is Dangerous (35:59)  
  • Defining Fiscal Dominance and How It Warps Policy & Regulation (47:42)  
  • AI and Productivity: Why Counting on a Tech Moonshot Is “Nonsense” (50:06)  
  • Stablecoins Draining Bank Deposits to T‑Bills = Government Crowding Out (54:26)  
  • Why Congress Focuses on Crypto Instead of Fixing Fiscal Policy (57:08)  
  • Generational Power Imbalance and “Gambling for Resurrection” (1:00:41)  
  • Investing in the Real Economy: Building Useful Businesses (1:05:51)  
  • Family Formation as a Real (Non‑Financial) “Asset” for the Future (1:05:06)  
  • Closing Thoughts and Mutual Thanks (1:06:12)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 1 Apr 2026 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/generational-theft-what-todays-policy-means-for-the-young-eiFLcPtr In this episode of Gross Domestic Problem, William Glass talks with professor and former regulator Jill Cetina about the hidden “plumbing” of the financial system and how policy since 2008 has reshaped risk. They unpack how quantitative easing (QE) worked, why the Fed’s balance sheet exploded, and how QE inflated asset prices, especially housing, while quietly creating banking vulnerabilities through uninsured deposits. Cetina argues that aggressive quantitative tightening (QT) now risks new bank stress, especially in a stagflation scenario where inflation stays high as growth and employment weaken. They explore how energy shocks and potential oil spikes could fuel stagflation, why America’s rising debt and unfixed entitlement promises are pushing us toward fiscal dominance, and how stablecoins and nonbank finance can drain deposits from banks and crowd out real-economy lending. The key takeaway is that the current mix of monetary and fiscal policy is accumulating systemic risk, and younger and mid-career generations need to engage politically, professionally, and by building real-economy businesses and families, if they want the “deal” of the American Dream to remain viable.

Key topics in today’s conversation include:

  • Introducing Professor Jill Cetina & the Core Question: “Is the Deal Still Real?” (3:32)  
  • What the Fed’s Balance Sheet Does & How QE Began in 2008 (8:04)  
  • QE’s Side Effects: Codependency with Fiscal Policy (10:26)  
  • Housing Affordability Crisis, 3% Mortgages, and “Locked-In” Homeowners (13:32)  
  • Asset Inflation Beyond Housing: Stocks, Tech, and the AI Boom (15:53)  
  • Jill’s Sharp Critique: Why Current QT Thinking Is Dangerous (17:52)  
  • Critique of “Use the Discount Window Instead of Keeping Liquidity” Idea (20:44)  
  • Introducing Stagflation: Weak Growth + Sticky Inflation (24:47)  
  • Three Vectors of Recession Risk: Oil, Falling Assets, Private Credit Stress (29:30)  
  • The Fed’s Policy Shift: Tolerating Higher Inflation Post-COVID (33:16)  
  • Why Extending Fed Liquidity to Nonbanks & Stablecoins Is Dangerous (35:59)  
  • Defining Fiscal Dominance and How It Warps Policy & Regulation (47:42)  
  • AI and Productivity: Why Counting on a Tech Moonshot Is “Nonsense” (50:06)  
  • Stablecoins Draining Bank Deposits to T‑Bills = Government Crowding Out (54:26)  
  • Why Congress Focuses on Crypto Instead of Fixing Fiscal Policy (57:08)  
  • Generational Power Imbalance and “Gambling for Resurrection” (1:00:41)  
  • Investing in the Real Economy: Building Useful Businesses (1:05:51)  
  • Family Formation as a Real (Non‑Financial) “Asset” for the Future (1:05:06)  
  • Closing Thoughts and Mutual Thanks (1:06:12)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Generational Theft: What Today’s Policy Means for the Young Millennial Debt Foundation 01:10:49 In this episode of Gross Domestic Problem, William Glass talks with professor and former regulator Jill Cetina about the hidden “plumbing” of the financial system and how policy since 2008 has reshaped risk. They unpack how quantitative easing (QE) worked, why the Fed’s balance sheet exploded, and how QE inflated asset prices, especially housing, while quietly creating banking vulnerabilities through uninsured deposits. Cetina argues that aggressive quantitative tightening (QT) now risks new bank stress, especially in a stagflation scenario where inflation stays high as growth and employment weaken. They explore how energy shocks and potential oil spikes could fuel stagflation, why America’s rising debt and unfixed entitlement promises are pushing us toward fiscal dominance, and how stablecoins and nonbank finance can drain deposits from banks and crowd out real-economy lending. The key takeaway is that the current mix of monetary and fiscal policy is accumulating systemic risk, and younger and mid-career generations need to engage politically, professionally, and by building real-economy businesses and families, if they want the “deal” of the American Dream to remain viable. In this episode of Gross Domestic Problem, William Glass talks with professor and former regulator Jill Cetina about the hidden “plumbing” of the financial system and how policy since 2008 has reshaped risk. They unpack how quantitative easing (QE) worked, why the Fed’s balance sheet exploded, and how QE inflated asset prices, especially housing, while quietly creating banking vulnerabilities through uninsured deposits. Cetina argues that aggressive quantitative tightening (QT) now risks new bank stress, especially in a stagflation scenario where inflation stays high as growth and employment weaken. They explore how energy shocks and potential oil spikes could fuel stagflation, why America’s rising debt and unfixed entitlement promises are pushing us toward fiscal dominance, and how stablecoins and nonbank finance can drain deposits from banks and crowd out real-economy lending. The key takeaway is that the current mix of monetary and fiscal policy is accumulating systemic risk, and younger and mid-career generations need to engage politically, professionally, and by building real-economy businesses and families, if they want the “deal” of the American Dream to remain viable. false full 15 a91e6581-add4-48be-80bd-76026acfa16e Why Interest Payments Now Beat Defense (Read That Again) In this episode of Gross Domestic Problem, William Glass speaks with Congressman Lloyd Smucker about America’s growing national debt, the bipartisan resolution to reduce the deficit to 3% of GDP, and what fiscal stability means for the country’s future. Smucker shares his journey from an Amish upbringing and 17-year-old business owner to Congress, explaining how running a company shaped his views on government spending and regulation. They unpack why the 3% target was chosen, the difference between stabilizing and eliminating debt, and how high deficits crowd out private investment and drive interest costs above core priorities like defense and Medicare. The conversation highlights the risks of a potential sovereign debt crisis, the looming Social Security trust fund shortfall, and the links between fiscal policy and national security. Key takeaways: the debt problem is serious but still solvable if tackled gradually, it will require bipartisan commitment and public understanding, and doing nothing virtually guarantees lower prosperity and reduced strategic flexibility for future generations.

Key topics in today’s conversation include:

  • How Deficits Became Normal Outside of Crises (0:57)  
  • Introducing the 3% of GDP Deficit Target & Resolution (1:34)  
  • Congressman Lloyd Smucker’s Background & Amish Upbringing (2:27)  
  • Becoming a 17-Year-Old Business Owner & Living the American Dream (4:30)  
  • How Regulation and Government Growth Pushed Him Into Politics (6:04)  
  • Why Builders and Business Owners Become Fiscal Hawks in Congress (8:31)  
  • Who the Audience Is: Entrepreneurs in the “Squeeze of Life” (9:43)  
  • Why Aim for a 3% Deficit Target Instead of a Balanced Budget (11:34)  
  • Post–World War II Debt History and Gradual Debt Reduction (13:37)  
  • Empires, Debt, and the Risk of Losing U.S. Dominance (17:47)  
  • Sovereign Debt Crises: “Gradually, Then Suddenly” (21:13)  
  • The Limits of Targets Without Enforcement & “Teeth” (28:32)  
  • Fiscal Commissions, Public Engagement, and Building Bipartisan Will (30:39)  
  • Entitlements as the Main Drivers: Social Security, Medicare, Medicaid (38:24)  
  • Social Security as a “Math Problem” That Can Still Be Fixed (40:24)  
  • Debt, Fiscal Space, and U.S. National Security Risks (42:05)  
  • Why U.S. Military Strength Is Not Guaranteed Forever (44:17)  
  • Closing: The Most Predictable Crisis — and Why It’s Still Solvable (47:15)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 25 Mar 2026 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/why-interest-payments-now-beat-defense-read-that-again-lC8teVtY In this episode of Gross Domestic Problem, William Glass speaks with Congressman Lloyd Smucker about America’s growing national debt, the bipartisan resolution to reduce the deficit to 3% of GDP, and what fiscal stability means for the country’s future. Smucker shares his journey from an Amish upbringing and 17-year-old business owner to Congress, explaining how running a company shaped his views on government spending and regulation. They unpack why the 3% target was chosen, the difference between stabilizing and eliminating debt, and how high deficits crowd out private investment and drive interest costs above core priorities like defense and Medicare. The conversation highlights the risks of a potential sovereign debt crisis, the looming Social Security trust fund shortfall, and the links between fiscal policy and national security. Key takeaways: the debt problem is serious but still solvable if tackled gradually, it will require bipartisan commitment and public understanding, and doing nothing virtually guarantees lower prosperity and reduced strategic flexibility for future generations.

Key topics in today’s conversation include:

  • How Deficits Became Normal Outside of Crises (0:57)  
  • Introducing the 3% of GDP Deficit Target & Resolution (1:34)  
  • Congressman Lloyd Smucker’s Background & Amish Upbringing (2:27)  
  • Becoming a 17-Year-Old Business Owner & Living the American Dream (4:30)  
  • How Regulation and Government Growth Pushed Him Into Politics (6:04)  
  • Why Builders and Business Owners Become Fiscal Hawks in Congress (8:31)  
  • Who the Audience Is: Entrepreneurs in the “Squeeze of Life” (9:43)  
  • Why Aim for a 3% Deficit Target Instead of a Balanced Budget (11:34)  
  • Post–World War II Debt History and Gradual Debt Reduction (13:37)  
  • Empires, Debt, and the Risk of Losing U.S. Dominance (17:47)  
  • Sovereign Debt Crises: “Gradually, Then Suddenly” (21:13)  
  • The Limits of Targets Without Enforcement & “Teeth” (28:32)  
  • Fiscal Commissions, Public Engagement, and Building Bipartisan Will (30:39)  
  • Entitlements as the Main Drivers: Social Security, Medicare, Medicaid (38:24)  
  • Social Security as a “Math Problem” That Can Still Be Fixed (40:24)  
  • Debt, Fiscal Space, and U.S. National Security Risks (42:05)  
  • Why U.S. Military Strength Is Not Guaranteed Forever (44:17)  
  • Closing: The Most Predictable Crisis — and Why It’s Still Solvable (47:15)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Why Interest Payments Now Beat Defense (Read That Again) Millennial Debt Foundation 00:48:54 In this episode of Gross Domestic Problem, William Glass speaks with Congressman Lloyd Smucker about America’s growing national debt, the bipartisan resolution to reduce the deficit to 3% of GDP, and what fiscal stability means for the country’s future. Smucker shares his journey from an Amish upbringing and 17-year-old business owner to Congress, explaining how running a company shaped his views on government spending and regulation. They unpack why the 3% target was chosen, the difference between stabilizing and eliminating debt, and how high deficits crowd out private investment and drive interest costs above core priorities like defense and Medicare. The conversation highlights the risks of a potential sovereign debt crisis, the looming Social Security trust fund shortfall, and the links between fiscal policy and national security. Key takeaways: the debt problem is serious but still solvable if tackled gradually, it will require bipartisan commitment and public understanding, and doing nothing virtually guarantees lower prosperity and reduced strategic flexibility for future generations. In this episode of Gross Domestic Problem, William Glass speaks with Congressman Lloyd Smucker about America’s growing national debt, the bipartisan resolution to reduce the deficit to 3% of GDP, and what fiscal stability means for the country’s future. Smucker shares his journey from an Amish upbringing and 17-year-old business owner to Congress, explaining how running a company shaped his views on government spending and regulation. They unpack why the 3% target was chosen, the difference between stabilizing and eliminating debt, and how high deficits crowd out private investment and drive interest costs above core priorities like defense and Medicare. The conversation highlights the risks of a potential sovereign debt crisis, the looming Social Security trust fund shortfall, and the links between fiscal policy and national security. Key takeaways: the debt problem is serious but still solvable if tackled gradually, it will require bipartisan commitment and public understanding, and doing nothing virtually guarantees lower prosperity and reduced strategic flexibility for future generations. false full 14 818e8fce-8947-4170-9356-1f135c571c8d Autopilot Spending: How Congress Lost Control of the Budget Key topics in today’s conversation include:

  • Welcoming Brittany Madni to the Show (0:57)  
  • Brittany’s Background and EPIC’s Work on Federal Budget Policy (2:12)  
  • Founders’ Obsession with Public Debt (Jefferson, Washington, Hamilton) (3:23)  
  • Why Brittany Framed Her Testimony Around the Constitution and the Founders (5:07)  
  • How the Hearing Went: Partisan Dynamics and Resistance to Spending Talk (7:45)  
  • Is It Really a Spending Problem? Brittany’s Publix/Credit Card Analogy (13:07)  
  • Autopilot Spending: 80% of the Budget Not Reviewed Annually by Congress (18:22)  
  • CBO 10‑Year “Window”: $94.6T in Spending vs. $70T in Revenue (23:20)  
  • Debt‑to‑GDP Surpassing World War II Levels and What That Means (26:07)  
  • Exploding Interest Costs and What “Half of Income Taxes to Interest” Means (28:33)  
  • Losing Fiscal Space to Handle Crises (Wars, Pandemics, Disasters) (31:19)  
  • Interest Payments Rivaling All Discretionary Spending by Decade’s End (33:01)  
  • National Debt as National Security and a Threat to Freedom (36:25)  
  • What a Good Balanced Budget Amendment Must and Must Not Do (43:56)  
  • Why Brittany Changed Her Mind on a BBA over the Last Decade (47:14)  
  • Limited Government, Future Generations, and Where to Follow EPIC’s Work (49:52) 

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 18 Mar 2026 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/autopilot-spending-how-congress-lost-control-of-the-budget-Bxz0x35p Key topics in today’s conversation include:

  • Welcoming Brittany Madni to the Show (0:57)  
  • Brittany’s Background and EPIC’s Work on Federal Budget Policy (2:12)  
  • Founders’ Obsession with Public Debt (Jefferson, Washington, Hamilton) (3:23)  
  • Why Brittany Framed Her Testimony Around the Constitution and the Founders (5:07)  
  • How the Hearing Went: Partisan Dynamics and Resistance to Spending Talk (7:45)  
  • Is It Really a Spending Problem? Brittany’s Publix/Credit Card Analogy (13:07)  
  • Autopilot Spending: 80% of the Budget Not Reviewed Annually by Congress (18:22)  
  • CBO 10‑Year “Window”: $94.6T in Spending vs. $70T in Revenue (23:20)  
  • Debt‑to‑GDP Surpassing World War II Levels and What That Means (26:07)  
  • Exploding Interest Costs and What “Half of Income Taxes to Interest” Means (28:33)  
  • Losing Fiscal Space to Handle Crises (Wars, Pandemics, Disasters) (31:19)  
  • Interest Payments Rivaling All Discretionary Spending by Decade’s End (33:01)  
  • National Debt as National Security and a Threat to Freedom (36:25)  
  • What a Good Balanced Budget Amendment Must and Must Not Do (43:56)  
  • Why Brittany Changed Her Mind on a BBA over the Last Decade (47:14)  
  • Limited Government, Future Generations, and Where to Follow EPIC’s Work (49:52) 

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Autopilot Spending: How Congress Lost Control of the Budget Millennial Debt Foundation 00:50:29 In this episode of Gross Domestic Problem, William is joined by Brittany Madni, Executive Vice President of the Economic Policy Innovation Center (EPIC). They talk about why America’s national debt has become a constitutional, economic, and national security concern. They also discuss the Founding Fathers’ warnings about public debt, today’s runaway federal spending, and how 80% of the budget now runs on autopilot. Brittany explains the difference between a revenue problem and a spending problem, the danger of soaring interest costs that could soon rival all discretionary spending, and how rising debt-to-GDP is set to surpass World War II levels without a comparable national emergency. The conversation then turns to whether the U.S. needs a Balanced Budget Amendment, what a good version should avoid (like empowering the executive or relying on tax hikes), and why Brittany changed her mind over the last decade to believe that the people now need a constitutional check on Congress’s spending habits. In this episode of Gross Domestic Problem, William is joined by Brittany Madni, Executive Vice President of the Economic Policy Innovation Center (EPIC). They talk about why America’s national debt has become a constitutional, economic, and national security concern. They also discuss the Founding Fathers’ warnings about public debt, today’s runaway federal spending, and how 80% of the budget now runs on autopilot. Brittany explains the difference between a revenue problem and a spending problem, the danger of soaring interest costs that could soon rival all discretionary spending, and how rising debt-to-GDP is set to surpass World War II levels without a comparable national emergency. The conversation then turns to whether the U.S. needs a Balanced Budget Amendment, what a good version should avoid (like empowering the executive or relying on tax hikes), and why Brittany changed her mind over the last decade to believe that the people now need a constitutional check on Congress’s spending habits. false full 13 dc2e094f-f43e-4130-a27c-4a37acbdfabf Investing in America or Mortgaging Its Future? Featuring Congressman Blake Moore In this episode of Gross Domestic Problem, Congressman Blake Moore joins the show to discuss America’s mounting national debt, the challenges it poses to economic stability, and the critical need for fiscal responsibility. Topics include the origins and consequences of the debt crisis, the importance of bipartisan action, the role of tax and spending policy, and the formation of commissions to advise fiscal reform. Key takeaways for viewers are highlighting the urgent necessity for economic growth, reducing government spending, fostering bipartisan cooperation to secure a sustainable financial future for the next generation, and so much more. 

Key topics in today’s conversation include:

  • Welcoming Congressman and Setting the Context (0:58)
  • Congressman Moore’s Motivation for Fiscal Focus (2:27)
  • Consequences of Unchecked Debt (3:47)
  • Appropriations and Deficit Breakdown (4:45)
  • Impact on Younger Generations and Business Environment (5:42)
  • Debt’s Inflationary Effects and Recent Economic History (7:04)
  • Retirement Demographics and Deficit Growth (8:10)
  • Discussion on "Reconciliation Moment" and Bipartisan Opportunities (10:08)
  • Defense of Tax Policy, Revenue, and International Impact (13:36)
  • Challenges of Workforce and Productivity, Immigration Potential (15:34)
  • Task Force Origins and Role (16:05)
  • Policy Recommendations, Chain CPI, and Political Challenges (19:13)
  • Measuring Success and Key Metrics (25:30)
  • Final Thoughts and Takeaways (26:45)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 8 Oct 2025 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/investing-in-america-or-mortgaging-its-future-featuring-congressman-blake-moore-GJxXuuU9 In this episode of Gross Domestic Problem, Congressman Blake Moore joins the show to discuss America’s mounting national debt, the challenges it poses to economic stability, and the critical need for fiscal responsibility. Topics include the origins and consequences of the debt crisis, the importance of bipartisan action, the role of tax and spending policy, and the formation of commissions to advise fiscal reform. Key takeaways for viewers are highlighting the urgent necessity for economic growth, reducing government spending, fostering bipartisan cooperation to secure a sustainable financial future for the next generation, and so much more. 

Key topics in today’s conversation include:

  • Welcoming Congressman and Setting the Context (0:58)
  • Congressman Moore’s Motivation for Fiscal Focus (2:27)
  • Consequences of Unchecked Debt (3:47)
  • Appropriations and Deficit Breakdown (4:45)
  • Impact on Younger Generations and Business Environment (5:42)
  • Debt’s Inflationary Effects and Recent Economic History (7:04)
  • Retirement Demographics and Deficit Growth (8:10)
  • Discussion on "Reconciliation Moment" and Bipartisan Opportunities (10:08)
  • Defense of Tax Policy, Revenue, and International Impact (13:36)
  • Challenges of Workforce and Productivity, Immigration Potential (15:34)
  • Task Force Origins and Role (16:05)
  • Policy Recommendations, Chain CPI, and Political Challenges (19:13)
  • Measuring Success and Key Metrics (25:30)
  • Final Thoughts and Takeaways (26:45)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Investing in America or Mortgaging Its Future? Featuring Congressman Blake Moore Millennial Debt Foundation 00:27:16 In this episode of Gross Domestic Problem, Congressman Blake Moore joins the show to discuss America’s mounting national debt, the challenges it poses to economic stability, and the critical need for fiscal responsibility. Topics include the origins and consequences of the debt crisis, the importance of bipartisan action, the role of tax and spending policy, and the formation of commissions to advise fiscal reform. Key takeaways for viewers are highlighting the urgent necessity for economic growth, reducing government spending, fostering bipartisan cooperation to secure a sustainable financial future for the next generation, and so much more. In this episode of Gross Domestic Problem, Congressman Blake Moore joins the show to discuss America’s mounting national debt, the challenges it poses to economic stability, and the critical need for fiscal responsibility. Topics include the origins and consequences of the debt crisis, the importance of bipartisan action, the role of tax and spending policy, and the formation of commissions to advise fiscal reform. Key takeaways for viewers are highlighting the urgent necessity for economic growth, reducing government spending, fostering bipartisan cooperation to secure a sustainable financial future for the next generation, and so much more. false full 12 370158d5-8015-4b0c-8806-45012b515fb5 From WWE to GDP: Glenn Jacobs on the Fight for Fiscal Responsibility In this episode of Gross Domestic Problem, Mayor Glenn Jacobs (also known as WWE’s Kane) joins the show to discuss America’s national debt crisis, the impact of federal fiscal policy on local governments, and the challenges of balancing budgets without raising taxes. Glenn shares real-life stories about how property tax increases and inflation affect everyday citizens, explains the dangers of unchecked government spending, and advocates for fiscal responsibility, sound money, and a balanced budget amendment. Drawing on his interest in Austrian economics, he emphasizes the importance of individual freedom and the risks of central planning, leaving listeners with a clear message: responsible economic policy at every level of government is essential to safeguarding the future. Don’t miss this great conversation.

Key topics in today’s conversation include:

  • Introduction And Framing The National Debt Crisis (0:38)
  • Welcoming Glenn Jacobs and Setting Up The Discussion (1:53)
  • Property Taxes, Local Budgets, and Tax Burden On Citizens (3:01)
  • Reappraisals, Tax Increases, and Real-Life Impact Stories (5:42)
  • Economic Margins, Middle-Class Strain, and Government Responsibility (6:54)
  • The National Debt’s Impact On Local Government and Inflation (9:35)
  • Interest On The National Debt and Existential Fiscal Threats (12:26)
  • Local Leaders’ Challenges: Inflation, Tax Base, and Service Cuts (14:44)
  • The Feedback Loop: Inflation, Productivity, and Stagflation Risks (15:58)
  • Hyperinflation, Reserve Currency Status, and Global Economic Shifts (17:39)
  • Congressional Incentives, “Bringing Home The Bacon,” and Systemic Issues (21:10)
  • Policy Solutions: Balanced Budget Amendment and Sound Money (26:00)
  • Austrian Economics: Jacobs’ Intellectual Journey and Key Insights (29:10)
  • Individual Freedom, Economic Planning, and Human Action (33:20)
  • Comparing Political Regimes, Deregulation, and Economic Policy (36:24)
  • Closing Reflections, Wrestling Memories, and Farewell (41:34)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 24 Sep 2025 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/from-wwe-to-gdp-glenn-jacobs-on-the-fight-for-fiscal-responsibility-_G1t0K4a In this episode of Gross Domestic Problem, Mayor Glenn Jacobs (also known as WWE’s Kane) joins the show to discuss America’s national debt crisis, the impact of federal fiscal policy on local governments, and the challenges of balancing budgets without raising taxes. Glenn shares real-life stories about how property tax increases and inflation affect everyday citizens, explains the dangers of unchecked government spending, and advocates for fiscal responsibility, sound money, and a balanced budget amendment. Drawing on his interest in Austrian economics, he emphasizes the importance of individual freedom and the risks of central planning, leaving listeners with a clear message: responsible economic policy at every level of government is essential to safeguarding the future. Don’t miss this great conversation.

Key topics in today’s conversation include:

  • Introduction And Framing The National Debt Crisis (0:38)
  • Welcoming Glenn Jacobs and Setting Up The Discussion (1:53)
  • Property Taxes, Local Budgets, and Tax Burden On Citizens (3:01)
  • Reappraisals, Tax Increases, and Real-Life Impact Stories (5:42)
  • Economic Margins, Middle-Class Strain, and Government Responsibility (6:54)
  • The National Debt’s Impact On Local Government and Inflation (9:35)
  • Interest On The National Debt and Existential Fiscal Threats (12:26)
  • Local Leaders’ Challenges: Inflation, Tax Base, and Service Cuts (14:44)
  • The Feedback Loop: Inflation, Productivity, and Stagflation Risks (15:58)
  • Hyperinflation, Reserve Currency Status, and Global Economic Shifts (17:39)
  • Congressional Incentives, “Bringing Home The Bacon,” and Systemic Issues (21:10)
  • Policy Solutions: Balanced Budget Amendment and Sound Money (26:00)
  • Austrian Economics: Jacobs’ Intellectual Journey and Key Insights (29:10)
  • Individual Freedom, Economic Planning, and Human Action (33:20)
  • Comparing Political Regimes, Deregulation, and Economic Policy (36:24)
  • Closing Reflections, Wrestling Memories, and Farewell (41:34)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> From WWE to GDP: Glenn Jacobs on the Fight for Fiscal Responsibility Millennial Debt Foundation 00:42:51 In this episode of Gross Domestic Problem, Mayor Glenn Jacobs (also known as WWE’s Kane) joins the show to discuss America’s national debt crisis, the impact of federal fiscal policy on local governments, and the challenges of balancing budgets without raising taxes. Glenn shares real-life stories about how property tax increases and inflation affect everyday citizens, explains the dangers of unchecked government spending, and advocates for fiscal responsibility, sound money, and a balanced budget amendment. Drawing on his interest in Austrian economics, he emphasizes the importance of individual freedom and the risks of central planning, leaving listeners with a clear message: responsible economic policy at every level of government is essential to safeguarding the future. Don’t miss this great conversation. In this episode of Gross Domestic Problem, Mayor Glenn Jacobs (also known as WWE’s Kane) joins the show to discuss America’s national debt crisis, the impact of federal fiscal policy on local governments, and the challenges of balancing budgets without raising taxes. Glenn shares real-life stories about how property tax increases and inflation affect everyday citizens, explains the dangers of unchecked government spending, and advocates for fiscal responsibility, sound money, and a balanced budget amendment. Drawing on his interest in Austrian economics, he emphasizes the importance of individual freedom and the risks of central planning, leaving listeners with a clear message: responsible economic policy at every level of government is essential to safeguarding the future. Don’t miss this great conversation. false full 11 f649ee60-6887-4db6-acee-3c3c5a30b68e Clicks vs. Crisis: The Media's Challenge in Reporting America's Fiscal Threat with Robert Bluey In this episode of Gross Domestic Problem, William is joined by Robert Bluey, President and Executive Editor of The Daily Signal. William and Rob talk about the critical challenge of reporting on the national debt. They explore the media's struggle to make the $37 trillion debt a compelling story, discussing how consumer behavior, click-driven journalism, and complex economic issues prevent meaningful coverage. Rob acknowledges the Daily Signal's limitations in addressing the debt crisis, while William emphasizes the existential threat posed by mounting national debt. The conversation reveals the perverse incentives in media that discourage in-depth reporting on fiscal policy, highlighting the need for more innovative storytelling and a generational approach to understanding the long-term consequences of government spending. Key takeaway: The national debt is a critical issue that requires sustained attention and creative communication strategies to engage the public effectively. Don’t miss this episode.

Key topics in today’s conversation include:

  • Media Incentives and Challenges in Debt Coverage (1:00)
  • Why the Debt Isn’t Front Page News (3:43)
  • Origins and Mission of The Daily Signal (6:20)
  • Conservative Media’s Institutional Challenges (9:53)
  • How Newsrooms Prioritize Coverage During Crises (10:50)
  • Resource Allocation and the Debt’s “Always Happening” Nature (15:47)
  • Audience Behavior and Click Incentives (18:00)
  • Who Benefits from the National Debt? (22:27)
  • Political Realities and Entitlement Reform (27:33)
  • Media Trust and the Rise of Personal Brands (31:16)
  • The Daily Signal’s Approach to Trust and Transparency (33:23)
  • Generational Shifts in News Consumption (36:37)
  • Competing with Influencers and Personal Brands (38:18)
  • Maintaining Mission Integrity Amid Financial Pressures (43:19)
  • The Need for Persistent, Compelling Debt Coverage (45:11)
  • Advice for Advocacy Groups: Competing for Attention (49:23)
  • Final Thoughts and Takeaways (50:32)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 23 Jul 2025 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/clicks-vs-crisis-the-medias-challenge-in-reporting-americas-fiscal-threat-with-robert-bluey-v4i_Ls4b In this episode of Gross Domestic Problem, William is joined by Robert Bluey, President and Executive Editor of The Daily Signal. William and Rob talk about the critical challenge of reporting on the national debt. They explore the media's struggle to make the $37 trillion debt a compelling story, discussing how consumer behavior, click-driven journalism, and complex economic issues prevent meaningful coverage. Rob acknowledges the Daily Signal's limitations in addressing the debt crisis, while William emphasizes the existential threat posed by mounting national debt. The conversation reveals the perverse incentives in media that discourage in-depth reporting on fiscal policy, highlighting the need for more innovative storytelling and a generational approach to understanding the long-term consequences of government spending. Key takeaway: The national debt is a critical issue that requires sustained attention and creative communication strategies to engage the public effectively. Don’t miss this episode.

Key topics in today’s conversation include:

  • Media Incentives and Challenges in Debt Coverage (1:00)
  • Why the Debt Isn’t Front Page News (3:43)
  • Origins and Mission of The Daily Signal (6:20)
  • Conservative Media’s Institutional Challenges (9:53)
  • How Newsrooms Prioritize Coverage During Crises (10:50)
  • Resource Allocation and the Debt’s “Always Happening” Nature (15:47)
  • Audience Behavior and Click Incentives (18:00)
  • Who Benefits from the National Debt? (22:27)
  • Political Realities and Entitlement Reform (27:33)
  • Media Trust and the Rise of Personal Brands (31:16)
  • The Daily Signal’s Approach to Trust and Transparency (33:23)
  • Generational Shifts in News Consumption (36:37)
  • Competing with Influencers and Personal Brands (38:18)
  • Maintaining Mission Integrity Amid Financial Pressures (43:19)
  • The Need for Persistent, Compelling Debt Coverage (45:11)
  • Advice for Advocacy Groups: Competing for Attention (49:23)
  • Final Thoughts and Takeaways (50:32)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Clicks vs. Crisis: The Media's Challenge in Reporting America's Fiscal Threat with Robert Bluey Millennial Debt Foundation 00:51:41 In this episode of Gross Domestic Problem, William is joined by Robert Bluey, President and Executive Editor of The Daily Signal. William and Rob talk about the critical challenge of reporting on the national debt. They explore the media's struggle to make the $37 trillion debt a compelling story, discussing how consumer behavior, click-driven journalism, and complex economic issues prevent meaningful coverage. Rob acknowledges the Daily Signal's limitations in addressing the debt crisis, while William emphasizes the existential threat posed by mounting national debt. The conversation reveals the perverse incentives in media that discourage in-depth reporting on fiscal policy, highlighting the need for more innovative storytelling and a generational approach to understanding the long-term consequences of government spending. Key takeaway: The national debt is a critical issue that requires sustained attention and creative communication strategies to engage the public effectively. Don’t miss this episode. In this episode of Gross Domestic Problem, William is joined by Robert Bluey, President and Executive Editor of The Daily Signal. William and Rob talk about the critical challenge of reporting on the national debt. They explore the media's struggle to make the $37 trillion debt a compelling story, discussing how consumer behavior, click-driven journalism, and complex economic issues prevent meaningful coverage. Rob acknowledges the Daily Signal's limitations in addressing the debt crisis, while William emphasizes the existential threat posed by mounting national debt. The conversation reveals the perverse incentives in media that discourage in-depth reporting on fiscal policy, highlighting the need for more innovative storytelling and a generational approach to understanding the long-term consequences of government spending. Key takeaway: The national debt is a critical issue that requires sustained attention and creative communication strategies to engage the public effectively. Don’t miss this episode. false full 10 1487be96-265c-463d-beb0-292840c0873c The BRAC Solution: Rethinking How We Solve National Debt with Romina Boccia of Cato Institute In this episode of Gross Domestic Problem, William is joined by Romina Boccia, Director of Budget and Entitlement Policy at the Cato Institute. Romina addresses the growing fiscal crisis and argues that the United States is on a dangerous economic trajectory, with unsustainable government spending, entitlement programs, and a political system that prioritizes short-term benefits over long-term fiscal stability. She proposes a BRAC-style commission to overcome political gridlock, similar to the Base Realignment and Closure process, which would create an independent mechanism to make tough budgetary decisions. The discussion also highlights how current policies effectively transfer wealth from younger generations to older, wealthier populations, risking future economic collapse through potential currency devaluation, inflation, and reduced private sector investment. Romina emphasizes that the fiscal crisis is not a future problem, but a current reality that requires immediate, creative solutions to prevent the United States from undermining its own economic strength and global standing. Don’t miss this great conversation!

Key topics in today’s conversation include:

  • Romina’s Background and Motivation (3:08)
  • The Importance of Fiscal Policy and Economic Stability (9:25)
  • American Exceptionalism and the Free Rider Problem (11:27)
  • Why Good Fiscal Policy Lacks Political Support (15:20)
  • The Limits of Political Solutions and the Need for New Approaches (18:18)
  • The Simpson-Bowles Commission and Political Obstacles (20:42)
  • International Examples and Constitutional Restraints (23:47)
  • The Base Realignment and Closure (BRAC) Model (27:57)
  • Feasibility of a BRAC-Style Fiscal Commission in the U.S. (31:49)
  • Recent Attempts at Fiscal Commissions and Special Interest Opposition (35:37)
  • Intergenerational Transfers and Social Security Inequities (38:51)
  • Objections to Delegating Congressional Authority (42:14)
  • The Growing Political Power of Older Generations (47:31)
  • The Danger of Peacetime Deficits and Future Crises (51:09)
  • Risks of Foreign Divestment and Treasury Auctions (55:08)
  • Conclusion and Final Thoughts (1:00:04)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 2 Jul 2025 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/the-brac-solution-rethinking-how-we-solve-national-debt-with-romina-boccia-of-cato-institute-xKysP0ut In this episode of Gross Domestic Problem, William is joined by Romina Boccia, Director of Budget and Entitlement Policy at the Cato Institute. Romina addresses the growing fiscal crisis and argues that the United States is on a dangerous economic trajectory, with unsustainable government spending, entitlement programs, and a political system that prioritizes short-term benefits over long-term fiscal stability. She proposes a BRAC-style commission to overcome political gridlock, similar to the Base Realignment and Closure process, which would create an independent mechanism to make tough budgetary decisions. The discussion also highlights how current policies effectively transfer wealth from younger generations to older, wealthier populations, risking future economic collapse through potential currency devaluation, inflation, and reduced private sector investment. Romina emphasizes that the fiscal crisis is not a future problem, but a current reality that requires immediate, creative solutions to prevent the United States from undermining its own economic strength and global standing. Don’t miss this great conversation!

Key topics in today’s conversation include:

  • Romina’s Background and Motivation (3:08)
  • The Importance of Fiscal Policy and Economic Stability (9:25)
  • American Exceptionalism and the Free Rider Problem (11:27)
  • Why Good Fiscal Policy Lacks Political Support (15:20)
  • The Limits of Political Solutions and the Need for New Approaches (18:18)
  • The Simpson-Bowles Commission and Political Obstacles (20:42)
  • International Examples and Constitutional Restraints (23:47)
  • The Base Realignment and Closure (BRAC) Model (27:57)
  • Feasibility of a BRAC-Style Fiscal Commission in the U.S. (31:49)
  • Recent Attempts at Fiscal Commissions and Special Interest Opposition (35:37)
  • Intergenerational Transfers and Social Security Inequities (38:51)
  • Objections to Delegating Congressional Authority (42:14)
  • The Growing Political Power of Older Generations (47:31)
  • The Danger of Peacetime Deficits and Future Crises (51:09)
  • Risks of Foreign Divestment and Treasury Auctions (55:08)
  • Conclusion and Final Thoughts (1:00:04)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> The BRAC Solution: Rethinking How We Solve National Debt with Romina Boccia of Cato Institute Millennial Debt Foundation 01:01:24 In this episode of Gross Domestic Problem, William is joined by Romina Boccia, Director of Budget and Entitlement Policy at the Cato Institute. Romina addresses the growing fiscal crisis and argues that the United States is on a dangerous economic trajectory, with unsustainable government spending, entitlement programs, and a political system that prioritizes short-term benefits over long-term fiscal stability. She proposes a BRAC-style commission to overcome political gridlock, similar to the Base Realignment and Closure process, which would create an independent mechanism to make tough budgetary decisions. The discussion also highlights how current policies effectively transfer wealth from younger generations to older, wealthier populations, risking future economic collapse through potential currency devaluation, inflation, and reduced private sector investment. Romina emphasizes that the fiscal crisis is not a future problem, but a current reality that requires immediate, creative solutions to prevent the United States from undermining its own economic strength and global standing. Don’t miss this great conversation! In this episode of Gross Domestic Problem, William is joined by Romina Boccia, Director of Budget and Entitlement Policy at the Cato Institute. Romina addresses the growing fiscal crisis and argues that the United States is on a dangerous economic trajectory, with unsustainable government spending, entitlement programs, and a political system that prioritizes short-term benefits over long-term fiscal stability. She proposes a BRAC-style commission to overcome political gridlock, similar to the Base Realignment and Closure process, which would create an independent mechanism to make tough budgetary decisions. The discussion also highlights how current policies effectively transfer wealth from younger generations to older, wealthier populations, risking future economic collapse through potential currency devaluation, inflation, and reduced private sector investment. Romina emphasizes that the fiscal crisis is not a future problem, but a current reality that requires immediate, creative solutions to prevent the United States from undermining its own economic strength and global standing. Don’t miss this great conversation! false full 9 e004d0da-f36b-4551-922b-f1d3f5716d31 Cutting Waste Without Cutting Benefits: How We Can Stop Government Overspending with Congressman William Timmons Key topics in today’s conversation include:

  • Congressman William Timmons Joins the Discussion (1:42)
  • Government Spending and Debt (3:15)
  • Improper Payments Overview (4:06)
  • Examples of Improper Payments (6:03)
  • Enhanced Income Verification Technology (7:36)
  • Potential Savings from Technology (9:05)
  • TABs Act Proposal (13:06)
  • Challenges of Current Safety Nets (14:17)
  • Improper Payments During COVID (17:05)
  • Understanding Government Spending (20:20)
  • Technology and Verification (22:06)
  • Reconciliation Package Challenges (25:41)
  • Final Thoughts and Conclusion (26:41)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 18 Jun 2025 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/cutting-waste-without-cutting-benefits-how-we-can-stop-government-overspending-with-congressman-william-timmons-BGkTtEPa Key topics in today’s conversation include:

  • Congressman William Timmons Joins the Discussion (1:42)
  • Government Spending and Debt (3:15)
  • Improper Payments Overview (4:06)
  • Examples of Improper Payments (6:03)
  • Enhanced Income Verification Technology (7:36)
  • Potential Savings from Technology (9:05)
  • TABs Act Proposal (13:06)
  • Challenges of Current Safety Nets (14:17)
  • Improper Payments During COVID (17:05)
  • Understanding Government Spending (20:20)
  • Technology and Verification (22:06)
  • Reconciliation Package Challenges (25:41)
  • Final Thoughts and Conclusion (26:41)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Cutting Waste Without Cutting Benefits: How We Can Stop Government Overspending with Congressman William Timmons Millennial Debt Foundation 00:27:12 In this episode of Gross Domestic Problem, William is joined by Congressman William Timmons (SC-04). Congressman Timmons discusses the critical issue of national debt and improper government payments. He proposes a technological solution to verify eligibility for social safety net programs, potentially saving between $500 billion to $1.5 trillion annually. By using advanced data verification techniques, Timmons argues that the government can reduce waste, fraud, and abuse without cutting essential benefits. The conversation highlights the urgent need to address the country's unsustainable fiscal trajectory, emphasizing that every 100 days, the United States adds a trillion dollars to its national debt. Timmons also advocates for using modern technology to create more efficient, real-time eligibility checks that could help break cycles of poverty and reduce unnecessary government spending. You won’t want to miss this enlightening conversation. In this episode of Gross Domestic Problem, William is joined by Congressman William Timmons (SC-04). Congressman Timmons discusses the critical issue of national debt and improper government payments. He proposes a technological solution to verify eligibility for social safety net programs, potentially saving between $500 billion to $1.5 trillion annually. By using advanced data verification techniques, Timmons argues that the government can reduce waste, fraud, and abuse without cutting essential benefits. The conversation highlights the urgent need to address the country's unsustainable fiscal trajectory, emphasizing that every 100 days, the United States adds a trillion dollars to its national debt. Timmons also advocates for using modern technology to create more efficient, real-time eligibility checks that could help break cycles of poverty and reduce unnecessary government spending. You won’t want to miss this enlightening conversation. false full 8 9c5eaf8b-2158-45e7-b901-364b557eb764 Why Did I Start a Podcast? Key topics in today’s conversation include:

  • William’s Background and Journey (1:02)
  • National Debt Perception (3:28)
  • Social Safety Net Importance (8:02)
  • Long-term Implications of Debt (9:13)
  • National Security Concerns (11:36)
  • Inflation and Fiscal Crisis (14:16)
  • Taxation and Spending Issues (15:25)
  • Mandatory Spending Challenges (17:28)
  • Urgency of Action (19:46)
  • Political Will and Responsibility (21:44)
  • Personal Motivation for Advocacy (23:22)
  • Closing Remarks and Future Conversations (24:27)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 4 Jun 2025 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/why-did-i-start-a-podcast-oMvY7u0z Key topics in today’s conversation include:

  • William’s Background and Journey (1:02)
  • National Debt Perception (3:28)
  • Social Safety Net Importance (8:02)
  • Long-term Implications of Debt (9:13)
  • National Security Concerns (11:36)
  • Inflation and Fiscal Crisis (14:16)
  • Taxation and Spending Issues (15:25)
  • Mandatory Spending Challenges (17:28)
  • Urgency of Action (19:46)
  • Political Will and Responsibility (21:44)
  • Personal Motivation for Advocacy (23:22)
  • Closing Remarks and Future Conversations (24:27)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Why Did I Start a Podcast? Millennial Debt Foundation 00:24:40 In this episode of Gross Domestic Problem, host William Glass shares his journey from a challenging childhood in a Florida trailer park to becoming an advocate for national debt awareness. Drawing from his personal experience with government assistance programs, William argues that the growing national debt threatens the very social safety net that enabled his own upward mobility. He uses powerful metaphors like the Titanic's iceberg and cites expert opinions to illustrate how the mounting debt poses a critical risk to national security, economic stability, and future generations. He also emphasizes that solving the debt crisis requires shared sacrifice, political will, and a comprehensive approach that includes responsible taxation, addressing mandatory spending, and protecting essential social programs. His key message is that inaction will disproportionately harm vulnerable communities, and immediate, thoughtful intervention is crucial to preserving economic opportunity for future generations. Don’t miss the “why” behind the GDP podcast. In this episode of Gross Domestic Problem, host William Glass shares his journey from a challenging childhood in a Florida trailer park to becoming an advocate for national debt awareness. Drawing from his personal experience with government assistance programs, William argues that the growing national debt threatens the very social safety net that enabled his own upward mobility. He uses powerful metaphors like the Titanic's iceberg and cites expert opinions to illustrate how the mounting debt poses a critical risk to national security, economic stability, and future generations. He also emphasizes that solving the debt crisis requires shared sacrifice, political will, and a comprehensive approach that includes responsible taxation, addressing mandatory spending, and protecting essential social programs. His key message is that inaction will disproportionately harm vulnerable communities, and immediate, thoughtful intervention is crucial to preserving economic opportunity for future generations. Don’t miss the “why” behind the GDP podcast. false full 7 b76e25c7-42c8-4505-889c-c10c5bd3a27e The $1.5 Trillion Healthcare Coding Scam Key topics in today’s conversation include:

  • Current State of U.S. Healthcare (1:01)
  • Introduction of Guest Marc Goldwein (3:15)
  • Government's Role in Healthcare Spending (5:57)
  • Medicare Advantage Overview (9:43)
  • Cost Control in Traditional Medicare (12:07)
  • Incentives and Risks in Medicare Advantage (15:12)
  • Upcoding in Medicare Advantage (18:24)
  • Risk Adjustment in Medicare Advantage (21:17)
  • Estimates of Medicare Advantage Overpayment (25:17)
  • Deficit Reduction Strategies (29:20)
  • Waste in the Healthcare System (33:55)
  • The Need for Comprehensive Budget Reforms (36:24)
  • Understanding Medicare Cuts (38:24)
  • Bipartisan Solutions for Healthcare (42:13)
  • The Importance of Shared Pain (46:04)
  • Final Thoughts and Takeaways (48:11)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 21 May 2025 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/the-15-trillion-healthcare-coding-scam-jT_jkcKD Key topics in today’s conversation include:

  • Current State of U.S. Healthcare (1:01)
  • Introduction of Guest Marc Goldwein (3:15)
  • Government's Role in Healthcare Spending (5:57)
  • Medicare Advantage Overview (9:43)
  • Cost Control in Traditional Medicare (12:07)
  • Incentives and Risks in Medicare Advantage (15:12)
  • Upcoding in Medicare Advantage (18:24)
  • Risk Adjustment in Medicare Advantage (21:17)
  • Estimates of Medicare Advantage Overpayment (25:17)
  • Deficit Reduction Strategies (29:20)
  • Waste in the Healthcare System (33:55)
  • The Need for Comprehensive Budget Reforms (36:24)
  • Understanding Medicare Cuts (38:24)
  • Bipartisan Solutions for Healthcare (42:13)
  • The Importance of Shared Pain (46:04)
  • Final Thoughts and Takeaways (48:11)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America’s biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> The $1.5 Trillion Healthcare Coding Scam Millennial Debt Foundation 00:50:43 In this episode of Gross Domestic Problem, William is joined by Marc Goldwein, Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget. William and Marc explore the massive inefficiencies in U.S. healthcare spending, particularly within Medicare Advantage. They reveal how "upcoding" by private insurers could cost taxpayers up to $1.5 trillion, highlighting systemic problems like inflated risk scores and unnecessary payments. Marc argues that significant fiscal savings are possible by addressing healthcare spending inefficiencies without cutting benefits, but this requires bipartisan cooperation and public understanding. One key takeaway is that solving healthcare spending is crucial to managing the national debt and represents a moral obligation to future generations. Don’t miss this engaging conversation. In this episode of Gross Domestic Problem, William is joined by Marc Goldwein, Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget. William and Marc explore the massive inefficiencies in U.S. healthcare spending, particularly within Medicare Advantage. They reveal how "upcoding" by private insurers could cost taxpayers up to $1.5 trillion, highlighting systemic problems like inflated risk scores and unnecessary payments. Marc argues that significant fiscal savings are possible by addressing healthcare spending inefficiencies without cutting benefits, but this requires bipartisan cooperation and public understanding. One key takeaway is that solving healthcare spending is crucial to managing the national debt and represents a moral obligation to future generations. Don’t miss this engaging conversation. false full 6 5a9ee12a-f048-45e5-8bba-6aff055a6879 Salt, Taxes, and Tough Choices: Inside the Federal Budget Battle Key topics in today’s conversation include:

  • Andrew's Background and Expertise (1:39)
  • Understanding Tax Policy (4:15)
  • Purpose of Taxation (6:36)
  • Political Challenges of Taxation (9:25)
  • Consumption as Economic Driver (16:12)
  • Taxing Paper Gains (20:07)
  • Impact of Market Fluctuations (23:24)
  • Understanding National Debt (28:14)
  • Tax Code Improvements (31:11)
  • Employer Benefits vs. Salaries (34:05)
  • Horizontal Equity in Taxation (38:37)
  • Trade-Offs in Tax Reform (40:45)
  • Current SALT Cap Debate (42:04)
  • Impact of SALT Cap on Taxpayers (46:16)
  • Philosophical Tax Questions (53:57)
  • Final Thoughts and Resources (56:19)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 7 May 2025 20:47:15 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/salt-taxes-and-tough-choices-inside-the-federal-budget-battle-bYb3eOD5 Key topics in today’s conversation include:

  • Andrew's Background and Expertise (1:39)
  • Understanding Tax Policy (4:15)
  • Purpose of Taxation (6:36)
  • Political Challenges of Taxation (9:25)
  • Consumption as Economic Driver (16:12)
  • Taxing Paper Gains (20:07)
  • Impact of Market Fluctuations (23:24)
  • Understanding National Debt (28:14)
  • Tax Code Improvements (31:11)
  • Employer Benefits vs. Salaries (34:05)
  • Horizontal Equity in Taxation (38:37)
  • Trade-Offs in Tax Reform (40:45)
  • Current SALT Cap Debate (42:04)
  • Impact of SALT Cap on Taxpayers (46:16)
  • Philosophical Tax Questions (53:57)
  • Final Thoughts and Resources (56:19)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Salt, Taxes, and Tough Choices: Inside the Federal Budget Battle Millennial Debt Foundation 00:57:11 In this episode of Gross Domestic Problem, William is joined by tax policy expert Andrew Lautz, Associate Director of Economic Policy at Bipartisan Policy Center. Andrew unpacks the complexities of U.S. taxation, revealing that solving the national debt isn't as simple as raising taxes or cutting spending. The key insights are that the current tax system is highly progressive, with top earners paying most taxes, and that meaningful fiscal reform requires a balanced, bipartisan approach. Andrew emphasizes that taxation is more than revenue collection—it's a social contract that shapes economic behavior and national priorities. Other highlights include a fundamental challenge in finding a sustainable path that doesn't overly distort economic incentives, solutions in addressing the growing national debt, and more. In this episode of Gross Domestic Problem, William is joined by tax policy expert Andrew Lautz, Associate Director of Economic Policy at Bipartisan Policy Center. Andrew unpacks the complexities of U.S. taxation, revealing that solving the national debt isn't as simple as raising taxes or cutting spending. The key insights are that the current tax system is highly progressive, with top earners paying most taxes, and that meaningful fiscal reform requires a balanced, bipartisan approach. Andrew emphasizes that taxation is more than revenue collection—it's a social contract that shapes economic behavior and national priorities. Other highlights include a fundamental challenge in finding a sustainable path that doesn't overly distort economic incentives, solutions in addressing the growing national debt, and more. false full 5 90c65a75-697b-4a93-8d34-068bd6150f92 Debt, Despair, and Dialogue: Reimagining America's Fiscal Future with Lura Forcum of Independent Center Key topics in today’s conversation include:

  • Welcoming Lura to the Show (1:00)
  • Fiscal Health and Individual Well-Being (2:26)
  • Connecting Government Spending to Personal Impact (4:44)
  • Visualizing the Fiscal Problem (8:21)
  • Understanding the Scale of Spending (10:08)
  • Millennials' Views on Entitlement Reform (13:53)
  • The Political Challenge of Fiscal Reform (16:01)
  • Generational Misunderstanding in Fiscal Conversations (19:42)
  • Research on Voter Segmentation (23:57)
  • Polarization vs. Shared Values (26:31)
  • Demographic Shifts in Voting (31:15)
  • Non-Ideological Voting Trends (34:34)
  • Party Leadership and Direction (41:05)
  • Engagement in Local Government (46:34)
  • Understanding Political Dynamics (48:06)
  • Bridging Political Divides (51:47)
  • Final Thoughts and Takeaways (52:16)

Gross Domestic Problem is a podcast from the Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 23 Apr 2025 08:30:00 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/debt-despair-and-dialogue-reimagining-americas-fiscal-future-with-lura-forcum-of-independent-center-iG6HDguy Key topics in today’s conversation include:

  • Welcoming Lura to the Show (1:00)
  • Fiscal Health and Individual Well-Being (2:26)
  • Connecting Government Spending to Personal Impact (4:44)
  • Visualizing the Fiscal Problem (8:21)
  • Understanding the Scale of Spending (10:08)
  • Millennials' Views on Entitlement Reform (13:53)
  • The Political Challenge of Fiscal Reform (16:01)
  • Generational Misunderstanding in Fiscal Conversations (19:42)
  • Research on Voter Segmentation (23:57)
  • Polarization vs. Shared Values (26:31)
  • Demographic Shifts in Voting (31:15)
  • Non-Ideological Voting Trends (34:34)
  • Party Leadership and Direction (41:05)
  • Engagement in Local Government (46:34)
  • Understanding Political Dynamics (48:06)
  • Bridging Political Divides (51:47)
  • Final Thoughts and Takeaways (52:16)

Gross Domestic Problem is a podcast from the Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Debt, Despair, and Dialogue: Reimagining America's Fiscal Future with Lura Forcum of Independent Center Millennial Debt Foundation 00:53:20 In this episode of Gross Domestic Problem, William is joined by Dr. Lura Forcum, President at Independent Center, an organization dedicated to fostering thoughtful conversations and promoting policies that prioritize country over party, aiming to bridge America's political divide. The conversation highlights the complexities of fiscal policy, emphasizing the importance of fiscal health and the challenges of communicating the impact of the national debt. Lura shares insights on younger generations' openness to entitlement reform and the need for equitable resource distribution. The discussion also touches on the evolving political landscape, the rise of independent voters, and the necessity for political parties to reconnect with their foundational values to address pressing issues effectively. Don’t miss this great conversation! In this episode of Gross Domestic Problem, William is joined by Dr. Lura Forcum, President at Independent Center, an organization dedicated to fostering thoughtful conversations and promoting policies that prioritize country over party, aiming to bridge America's political divide. The conversation highlights the complexities of fiscal policy, emphasizing the importance of fiscal health and the challenges of communicating the impact of the national debt. Lura shares insights on younger generations' openness to entitlement reform and the need for equitable resource distribution. The discussion also touches on the evolving political landscape, the rise of independent voters, and the necessity for political parties to reconnect with their foundational values to address pressing issues effectively. Don’t miss this great conversation! false full 4 6202f23d-b0e6-4164-985c-1486a4ed4255 Iceberg PR: Communicating a Slow-Motion Fiscal Disaster in the High-Speed World Key topics in today’s conversation include:

  • Background of Austin and Ryan (1:39)
  • Breaking Traditional Rules (4:13)
  • Innovative Engagement Strategies (6:14)
  • Product Market Fit in Politics (8:27)
  • Understanding Voter Attention (10:53)
  • Applying SCARF in Policy Context (12:31)
  • Influence Campaign Successes (15:31)
  • Leveraging Voter Sentiment (17:41)
  • Debt and Political Strategy (20:58)
  • Chicago's Debt Crisis (23:55)
  • DOGE and Government Accountability (25:23)
  • Connecting the Dots (29:01)
  • Publicizing Government Missteps (33:59)
  • The Importance of Individual Accountability (37:21)
  • Momentum Shift (38:44)
  • State-Level Focus (41:35)
  • Risk for Established Politicians (43:55)
  • Final Thoughts and Takeaways (44:32)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Thu, 27 Mar 2025 12:49:26 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/iceberg-pr-communicating-a-slow-motion-fiscal-disaster-in-the-high-speed-world-4elK5ftr Key topics in today’s conversation include:

  • Background of Austin and Ryan (1:39)
  • Breaking Traditional Rules (4:13)
  • Innovative Engagement Strategies (6:14)
  • Product Market Fit in Politics (8:27)
  • Understanding Voter Attention (10:53)
  • Applying SCARF in Policy Context (12:31)
  • Influence Campaign Successes (15:31)
  • Leveraging Voter Sentiment (17:41)
  • Debt and Political Strategy (20:58)
  • Chicago's Debt Crisis (23:55)
  • DOGE and Government Accountability (25:23)
  • Connecting the Dots (29:01)
  • Publicizing Government Missteps (33:59)
  • The Importance of Individual Accountability (37:21)
  • Momentum Shift (38:44)
  • State-Level Focus (41:35)
  • Risk for Established Politicians (43:55)
  • Final Thoughts and Takeaways (44:32)

Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Iceberg PR: Communicating a Slow-Motion Fiscal Disaster in the High-Speed World Millennial Debt Foundation 00:45:14 In this episode of Gross Domestic Problem, William is joined by Austin Berg and Ryan Green from Iron Light. During the conversation, the group discusses America's national debt, likening it to a hidden iceberg threatening the economy. They delve into innovative strategies to address this issue, emphasizing the importance of direct voter engagement and understanding public concerns. Austin and Ryan highlight their experiences in government affairs, focusing on storytelling and digital marketing to bypass traditional power brokers. They also stress the need for clear messaging and accountability, urging a shift in public perception to drive meaningful fiscal reforms. You won’t want to miss this episode. In this episode of Gross Domestic Problem, William is joined by Austin Berg and Ryan Green from Iron Light. During the conversation, the group discusses America's national debt, likening it to a hidden iceberg threatening the economy. They delve into innovative strategies to address this issue, emphasizing the importance of direct voter engagement and understanding public concerns. Austin and Ryan highlight their experiences in government affairs, focusing on storytelling and digital marketing to bypass traditional power brokers. They also stress the need for clear messaging and accountability, urging a shift in public perception to drive meaningful fiscal reforms. You won’t want to miss this episode. false full 3 865c1834-24d6-4804-895f-b0a06b2b7505 Twinkies and Taxes: The Sweet Temptation of Fiscal Irresponsibility with Zach Moller of Third Way Key topics in today’s conversation include:

  • Zach’s Background and Journey to Third Way (0:48)
  • Misconceptions About Party Fiscal Responsibility (3:09)
  • Health Care Spending Reforms (6:30)
  • Understanding the Ten-Year Budget Window (8:17)
  • Defense Spending and Waste Concerns (10:35)
  • The Federal Budget Breakdown (13:21)
  • Program Integrity and Government Efficiency (16:05)
  • Avenues for Spending Reform (19:29)
  • Political Perspectives on Spending (22:11)
  • Tax Revenue and Political Landscape (24:05)
  • Current Law vs. Current Policy (26:00)
  • Complexities of Tax Revenue Solutions (28:10)
  • Future of Tax Policy Changes (30:27)
  • Challenges in Addressing National Debt (32:05)
  • Final Thoughts and Takeaways (34:22)

Gross Domestic Problem is a podcast from the Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 26 Mar 2025 11:48:39 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/twinkies-and-taxes-the-sweet-temptation-of-fiscal-irresponsibility-with-zach-moller-of-third-way-6fbd5pfq Key topics in today’s conversation include:

  • Zach’s Background and Journey to Third Way (0:48)
  • Misconceptions About Party Fiscal Responsibility (3:09)
  • Health Care Spending Reforms (6:30)
  • Understanding the Ten-Year Budget Window (8:17)
  • Defense Spending and Waste Concerns (10:35)
  • The Federal Budget Breakdown (13:21)
  • Program Integrity and Government Efficiency (16:05)
  • Avenues for Spending Reform (19:29)
  • Political Perspectives on Spending (22:11)
  • Tax Revenue and Political Landscape (24:05)
  • Current Law vs. Current Policy (26:00)
  • Complexities of Tax Revenue Solutions (28:10)
  • Future of Tax Policy Changes (30:27)
  • Challenges in Addressing National Debt (32:05)
  • Final Thoughts and Takeaways (34:22)

Gross Domestic Problem is a podcast from the Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Twinkies and Taxes: The Sweet Temptation of Fiscal Irresponsibility with Zach Moller of Third Way Millennial Debt Foundation 00:35:00 In this episode of Gross Domestic Problem, William is joined by Zach Moller, Director of the Economic Program at Third Way. During the conversation, William and Zach discuss America's fiscal challenges, focusing on the national debt and its economic implications. Zach explains the rapid rise in interest spending and the need for fiscal responsibility across party lines. Key areas for reform include healthcare cost management, defense spending, and tax policy adjustments. The episode highlights the complexities of tax reform and the political landscape, advocating for a bipartisan fiscal commission to address these issues comprehensively and ensure long-term economic stability. In this episode of Gross Domestic Problem, William is joined by Zach Moller, Director of the Economic Program at Third Way. During the conversation, William and Zach discuss America's fiscal challenges, focusing on the national debt and its economic implications. Zach explains the rapid rise in interest spending and the need for fiscal responsibility across party lines. Key areas for reform include healthcare cost management, defense spending, and tax policy adjustments. The episode highlights the complexities of tax reform and the political landscape, advocating for a bipartisan fiscal commission to address these issues comprehensively and ensure long-term economic stability. false full 2 b84e07c1-13a5-48e8-84fb-c814a2e43645 Budgeting on Autopilot: How the National Debt Could Sink Us All with Kurt Couchman of Americans for Prosperity Key topics in today’s conversation include:

  • Kurt’s Background and Expertise (1:03)
  • The Budgeting Process (2:11)
  • Understanding Appropriations (5:15)
  • Mandatory vs. Discretionary Spending (7:32)
  • Impact of Automatic Spending (11:01)
  • Historical Context of Fiscal Policy (13:22)
  • No Do-Nothing Option (15:53)
  • Debt Crisis and Reconciliation Legislation (17:54)
  • Consequences of a Full-Blown Debt Crisis (20:30)
  • Congressional Dysfunction and Reform (24:56)
  • Opposition to Comprehensive Budget Act (27:17)
  • Improving the Federal Budget Process (29:15)
  • Fixing Congressional Shutdowns (31:19)
  • Committee Process and Budgeting (34:04)
  • Effective Communication with Legislators (36:55)
  • Optimism for Congressional Reform and Parting Thoughts (38:40)

Gross Domestic Problem is a podcast from the Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Wed, 26 Mar 2025 11:38:28 +0000 heard@trustheard.com (Millennial Debt Foundation) https://gross-domestic-problem.simplecast.com/episodes/budgeting-on-autopilot-how-the-national-debt-could-sink-us-all-with-kurt-couchman-of-americans-for-prosperity-KAnFYcX2 Key topics in today’s conversation include:

  • Kurt’s Background and Expertise (1:03)
  • The Budgeting Process (2:11)
  • Understanding Appropriations (5:15)
  • Mandatory vs. Discretionary Spending (7:32)
  • Impact of Automatic Spending (11:01)
  • Historical Context of Fiscal Policy (13:22)
  • No Do-Nothing Option (15:53)
  • Debt Crisis and Reconciliation Legislation (17:54)
  • Consequences of a Full-Blown Debt Crisis (20:30)
  • Congressional Dysfunction and Reform (24:56)
  • Opposition to Comprehensive Budget Act (27:17)
  • Improving the Federal Budget Process (29:15)
  • Fixing Congressional Shutdowns (31:19)
  • Committee Process and Budgeting (34:04)
  • Effective Communication with Legislators (36:55)
  • Optimism for Congressional Reform and Parting Thoughts (38:40)

Gross Domestic Problem is a podcast from the Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation. 


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

]]> Budgeting on Autopilot: How the National Debt Could Sink Us All with Kurt Couchman of Americans for Prosperity Millennial Debt Foundation 00:40:03 In this episode of Gross Domestic Problem, host William Glass is joined by Kurt Couchman, Senior Fellow of Fiscal Policy at Americans for Prosperity. During the conversation, Kurt explains the complexities of federal budgeting, highlighting the distinction between appropriations and mandatory spending. He emphasizes the need for comprehensive budget reform to address inefficiencies and ensure fiscal stability. The conversation explores the potential consequences of a debt crisis, the role of citizen engagement in legislative reform, and the importance of bipartisan efforts. The episode also underscores the necessity for proactive measures to prevent economic turmoil and improve governance. Don’t miss it! In this episode of Gross Domestic Problem, host William Glass is joined by Kurt Couchman, Senior Fellow of Fiscal Policy at Americans for Prosperity. During the conversation, Kurt explains the complexities of federal budgeting, highlighting the distinction between appropriations and mandatory spending. He emphasizes the need for comprehensive budget reform to address inefficiencies and ensure fiscal stability. The conversation explores the potential consequences of a debt crisis, the role of citizen engagement in legislative reform, and the importance of bipartisan efforts. The episode also underscores the necessity for proactive measures to prevent economic turmoil and improve governance. Don’t miss it! false full 1