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May 14, 2024
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boccia. guest: i agree with what nancy said about the financing overall. it's important to keep in mind where the caller is right as well is that we are hurdling our way towards a fiscal crises. two of the three major credit agencies have already taken the step of downgrading the u.s. debt. the third credit agency has turned our outlook, our credit rating outlook, to negative. investors are paying attention. we are also paying much, much higher interest rates now than we were before. how does social security play into that? that $2.7 trillion that nancy mentioned that is a assigned to the social security trust fund, is parter of our gross national debt which is as big as the entire economy of the united states. while social security still has trust fund reserves, in terms of cash flow, because you have to keep in mind it's a pay-as-you-go program. those trust fund reserves weren't invested in real market assets. they were invested in treasury bonds. where does the treasury get its money from?
boccia. guest: i agree with what nancy said about the financing overall. it's important to keep in mind where the caller is right as well is that we are hurdling our way towards a fiscal crises. two of the three major credit agencies have already taken the step of downgrading the u.s. debt. the third credit agency has turned our outlook, our credit rating outlook, to negative. investors are paying attention. we are also paying much, much higher interest rates now than we were before. how does...
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May 30, 2024
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well, boccia, thank you so much for participating.ing this discussion of your book withe. it is fast nating you did a terrific job on all this reporting and i learned a lot. thank you. thank you so so much robby. this was just such a pleasure. thank you■r
well, boccia, thank you so much for participating.ing this discussion of your book withe. it is fast nating you did a terrific job on all this reporting and i learned a lot. thank you. thank you so so much robby. this was just such a pleasure. thank you■r
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May 30, 2024
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boccia, how are you doing? i am so happy to be here with you, robbie. are some in the needs to know about you before we get started? and it's this most people in industry think that they are very generous people, but they are actually stingy grinches. you are a very generous person, but you like to pretend that you are stingy grinch. all of which i say because i know we're going to have a very heated conversation here. you don't agree with? all of my views and i cannot be more for it. i'm excited as well and while i don't agree with everything in the book,ound it to be a really fascinating of so many working class people. you did just tremendous reporting for it. so let's get right into first. you start with an easy question. what inspired you to write this? after doing your first book about the news industry, the media, and how that had changed from a working class profession, an elite profession? i see how this follows logically from that, but could you tell us more about process of actually writing this book? absolutely. so in my first book, bad news
boccia, how are you doing? i am so happy to be here with you, robbie. are some in the needs to know about you before we get started? and it's this most people in industry think that they are very generous people, but they are actually stingy grinches. you are a very generous person, but you like to pretend that you are stingy grinch. all of which i say because i know we're going to have a very heated conversation here. you don't agree with? all of my views and i cannot be more for it. i'm...
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May 29, 2024
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boccia, how are you doing? i am so happy to be here with you, robbie.now about you bere
boccia, how are you doing? i am so happy to be here with you, robbie.now about you bere
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May 15, 2024
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but i want to reiterate what romina boccia said. the debt is $4 trillion. it seems to me that maybe i'm stupid, but how is that sustainable? and who's going to pay for that? were based on class and age and race and leaders are promoting this. but if you have 30% of younger people paying for 70% of the older people in this demographic breakout, we seem to politicize our differences, it's a scary thing. we can't afford to saddle the younger generation with this enormous tax burden. >> final thoughts. >> i agree that it's not just a question of values. but affordability is also important. what can workers afford and given the aging of society and the benefits that social security is paying, we need to look at more transformative change so it can fulfill its original purpose of providing a measure of poverty protection without undermining the future of america's family. >> social security in the future will be more important than ever. we need to control healthcare costs by having medicare for all and expand social security. the whole point is to provide basic
but i want to reiterate what romina boccia said. the debt is $4 trillion. it seems to me that maybe i'm stupid, but how is that sustainable? and who's going to pay for that? were based on class and age and race and leaders are promoting this. but if you have 30% of younger people paying for 70% of the older people in this demographic breakout, we seem to politicize our differences, it's a scary thing. we can't afford to saddle the younger generation with this enormous tax burden. >> final...