Investing in America or Mortgaging Its Future?

Investing in America or Mortgaging Its Future?

With Blake Moore,

U.S. Congressman, Utah’s 1st District

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.

About the Show

William Glass

William Glass is a leader in the national conversation on fiscal responsibility, serving as a key voice for the Millennial Debt Foundation. As a passionate advocate for responsible government spending and debt reduction, William works to engage policymakers, young professionals, and thought leaders in addressing America’s growing national debt crisis. Through his work with the Foundation, he champions bipartisan solutions and fosters meaningful dialogue on the economic challenges facing future generations. William brings a fresh perspective to fiscal policy, emphasizing the importance of long-term financial stability and responsible governance.

The Millennial Debt Foundation was launched in mid-2019 by Tennessean Weston Wamp and other millennial entrepreneurs to lead a generational conversation about fiscal stewardship, the role of the federal government and America’s deficit spending crisis. Inspired by the work of our early advisor, the late U.S. Senator Tom Coburn, M.D., the Foundation’s first major project was the Millennial Debt Commission. The business-led Commission is made up of 20 millennial business leaders from across the country working towards a framework for long-term deficit reduction and stabilization of the national debt. The business leaders have been advised by a cohort of current and former members of Congress, leading economists and policy experts. MDF is a nonpartisan, Tennessee-based 501(c)(3) nonprofit funded by individual donors, the Lynde and Harry Bradley Foundation, and Arnold Ventures.

Learn More at millennialdebt.org