Debt CRISIS: How Social Security and Medicare Will Suffer - Andy Tanner, Brian Riedl

Budget expert, Brian Riedl, sits down with Andy to break down the real cost of ignoring fiscal sustainability. With over 24 years of experience, Riedl explains the alarming $124 trillion shortfall looming over Social Security and Medicare in the next few decades. He highlights the uncertainty of interest rates and the unsustainable policies that have led to this crisis. Riedl calls for individuals to take financial responsibility while pointing out how both political parties have overlooked the growing debt. He emphasizes the need for voter engagement and sound stewardship to restore fiscal balance.

Article mentioned 👉 https://manhattan.institute/article/a...

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00:00 Introduction
02:54 The Fiscal Crisis and Long-Term Projections
06:17 Understanding Borrowed and Promised Money
08:44 Impact of Interest Rates on National Debt
15:07 Political Challenges and Leadership Deficit
18:27 Cheering for a Debt Crisis
18:56 Proposing Solutions to the Debt Crisis
19:55 Critiquing Modern Monetary Theory (MMT)
23:55 Intergenerational Wealth Transfer
25:47 The Futility of Systemic Solutions
28:20 Preparing for an Uncertain Financial Future
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The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.