1 00:00:01,280 --> 00:00:04,200 Speaker 1: Why do we keep talking about things that polls show 2 00:00:04,320 --> 00:00:06,880 Speaker 1: nobody cares about. I guess because we hope you care 3 00:00:06,920 --> 00:00:11,200 Speaker 1: about it. But people don't doom to failure. People don't 4 00:00:11,360 --> 00:00:13,520 Speaker 1: care about the national debt. I wish they did. We've 5 00:00:13,560 --> 00:00:16,000 Speaker 1: been talking about it for years. And by the way, 6 00:00:16,000 --> 00:00:19,680 Speaker 1: I just saw that SpaceX rocket re land. The way 7 00:00:19,720 --> 00:00:23,440 Speaker 1: they do it's astounding, it's amazing. It's a time of 8 00:00:23,760 --> 00:00:28,600 Speaker 1: unthinkable technical achievements, and yet we're committing fiscal suicide as 9 00:00:28,600 --> 00:00:31,120 Speaker 1: a people, and nobody can seem to comprehend the idea 10 00:00:31,200 --> 00:00:33,960 Speaker 1: that if you overspend for a long enough time, you 11 00:00:34,000 --> 00:00:37,600 Speaker 1: will bring on financial ruin. It's an interesting contrast in 12 00:00:37,640 --> 00:00:40,600 Speaker 1: my crazy head, and I feel like the the the 13 00:00:40,600 --> 00:00:43,440 Speaker 1: Republican Party, if they hadn't already set up the white 14 00:00:43,440 --> 00:00:46,959 Speaker 1: flag this week or just signaled they don't care, We're 15 00:00:46,960 --> 00:00:49,680 Speaker 1: not gonna pretend to care anymore. Tiana Low is a 16 00:00:49,680 --> 00:00:53,880 Speaker 1: commentary writer for the Washington Examiner. She also founded the 17 00:00:54,000 --> 00:00:59,400 Speaker 1: USC Economic Review Tianna, how are you? I am doing well? Excellent? 18 00:00:59,600 --> 00:01:02,480 Speaker 1: So listen. We ask most of our guests who attended 19 00:01:02,560 --> 00:01:07,640 Speaker 1: us see the same question merit or parent check, and 20 00:01:07,680 --> 00:01:11,360 Speaker 1: we asked that my parents paid the old fashioned way, 21 00:01:11,400 --> 00:01:14,160 Speaker 1: which was you know, s a t tutors ap test, 22 00:01:14,480 --> 00:01:17,759 Speaker 1: all that, you know, the boring regular mass near stop, 23 00:01:17,840 --> 00:01:20,119 Speaker 1: not the half a million dollars to take my way 24 00:01:20,120 --> 00:01:23,800 Speaker 1: onto a crew teams ask that not too so clouds 25 00:01:23,840 --> 00:01:26,760 Speaker 1: of doubt over your your interview this morning, but to 26 00:01:26,840 --> 00:01:32,959 Speaker 1: remove them. Tiana entirely merit at usc congratulations. So hey, listen, 27 00:01:33,040 --> 00:01:37,160 Speaker 1: you're a younger person. I'm guessing you hang out with 28 00:01:37,760 --> 00:01:41,280 Speaker 1: you know, at least to some extent peers, Does anybody 29 00:01:41,440 --> 00:01:44,760 Speaker 1: under the age of forty five give a damn about 30 00:01:44,920 --> 00:01:48,040 Speaker 1: the debt bomb that is going to settle you, you you 31 00:01:48,320 --> 00:01:55,480 Speaker 1: people with enormous taxes. I feel like Cassandra running around 32 00:01:55,520 --> 00:01:59,160 Speaker 1: the wake of a destroyed Troy trying to explain to 33 00:01:59,240 --> 00:02:02,920 Speaker 1: everyone what a debt crisis actually looks like when it 34 00:02:03,040 --> 00:02:06,240 Speaker 1: is here, with social security and solvency actually looks like 35 00:02:06,280 --> 00:02:09,680 Speaker 1: when it is here, What the ramifications of medicare for 36 00:02:09,680 --> 00:02:11,840 Speaker 1: all of the research and development looks like when it 37 00:02:11,960 --> 00:02:16,040 Speaker 1: is here. And yet no one really seems to care. Yeah, 38 00:02:16,200 --> 00:02:19,920 Speaker 1: we're getting that idea, and we don't have a party anymore. 39 00:02:20,160 --> 00:02:22,040 Speaker 1: Those of us who would like the country to live 40 00:02:22,080 --> 00:02:24,600 Speaker 1: within its means as the Republicans, would you agree they 41 00:02:24,639 --> 00:02:27,160 Speaker 1: signaled in the recent days that they just don't even 42 00:02:27,200 --> 00:02:29,280 Speaker 1: care about the issue anymore. They probably signaled it a 43 00:02:29,320 --> 00:02:34,320 Speaker 1: long time ago, just to became like abundantly evident this week. 44 00:02:34,520 --> 00:02:37,359 Speaker 1: Oh certainly. I mean the fact that of one of 45 00:02:37,400 --> 00:02:42,200 Speaker 1: the most talented presidential debates, good is in modern American politics, 46 00:02:42,720 --> 00:02:45,320 Speaker 1: we chose the one guy who swore that he wouldn't 47 00:02:45,320 --> 00:02:47,840 Speaker 1: touch Social Security, which again we knew become insolvent in 48 00:02:47,880 --> 00:02:50,440 Speaker 1: the next fifteen years, it wouldn't catch Medicare, and he 49 00:02:50,440 --> 00:02:53,000 Speaker 1: wouldn't touch Medicaid. So I mean, as the president who 50 00:02:53,040 --> 00:02:55,200 Speaker 1: had never even really paid lip service to the idea 51 00:02:55,200 --> 00:02:58,120 Speaker 1: of Fischal responsibility. So right now we're sort of in 52 00:02:58,200 --> 00:03:01,720 Speaker 1: this dietary equivalent of all dessert with no veggies, where 53 00:03:01,720 --> 00:03:04,440 Speaker 1: we get tax cuts, we get the regulation, but we 54 00:03:04,440 --> 00:03:08,320 Speaker 1: get no spending cuts, all dessert, no veggies, which you know, 55 00:03:08,639 --> 00:03:11,120 Speaker 1: kids like human beings, like, it's just it's living in 56 00:03:11,120 --> 00:03:15,000 Speaker 1: a fantasy lane. And and to Trump running on no, no, no, 57 00:03:15,120 --> 00:03:16,600 Speaker 1: I'm not going to touch in title and all that 58 00:03:16,639 --> 00:03:21,640 Speaker 1: sort of stuff, he understood the electorate. He understood people 59 00:03:21,680 --> 00:03:25,959 Speaker 1: don't actually care about this, and he was right Yeah, 60 00:03:26,000 --> 00:03:28,720 Speaker 1: and this is why the biggest failing of the Tea 61 00:03:28,800 --> 00:03:32,440 Speaker 1: Party wasn't even just the policy. It was the unwillingness 62 00:03:32,480 --> 00:03:36,400 Speaker 1: to focus on the pure fiscal reality of the ramisfications 63 00:03:36,400 --> 00:03:38,960 Speaker 1: of his messaging. And instead, you know, we saw some 64 00:03:39,080 --> 00:03:42,200 Speaker 1: form of the Key Party coalesced around Trump, and Trump 65 00:03:42,320 --> 00:03:45,920 Speaker 1: is um and you know, protectionism and trade work. That's 66 00:03:45,960 --> 00:03:48,040 Speaker 1: the opposite of what the Tea Party was supposed to 67 00:03:48,040 --> 00:03:50,840 Speaker 1: stand for. So it is sort of funny that a 68 00:03:50,880 --> 00:03:54,200 Speaker 1: decade ago we elected in a generation of conservatives into 69 00:03:54,400 --> 00:03:58,240 Speaker 1: or so called conservatives into the Republican Party, with this 70 00:03:58,360 --> 00:04:01,960 Speaker 1: promise that they would tackle the spending. And you know, 71 00:04:02,040 --> 00:04:06,160 Speaker 1: there's no sign that's that's coming anywhere in the next decade. Yeah. 72 00:04:06,280 --> 00:04:09,200 Speaker 1: I you know, I I read a substantial part of 73 00:04:09,200 --> 00:04:11,440 Speaker 1: your piece, which is terrific. It's really well done, and 74 00:04:11,440 --> 00:04:13,200 Speaker 1: we'll have a link at Armstrong and Getty dot com 75 00:04:13,240 --> 00:04:15,440 Speaker 1: for folks. Uh, you know, I I think the Tea 76 00:04:15,480 --> 00:04:20,240 Speaker 1: Party movement ran into the immovable object, which is um. 77 00:04:20,279 --> 00:04:22,080 Speaker 1: You know, you can call it a swamp if you want, 78 00:04:22,120 --> 00:04:25,000 Speaker 1: but the government has become such a colossus, it's become 79 00:04:25,000 --> 00:04:28,120 Speaker 1: its own most important lobbyist. And so I just I 80 00:04:28,160 --> 00:04:31,000 Speaker 1: just think we ran into Goliath and Goliath won this one. 81 00:04:31,400 --> 00:04:34,359 Speaker 1: Um Tiana Lowe's commentary writer for The Washington Examiner. I 82 00:04:34,360 --> 00:04:36,640 Speaker 1: think you do a really really good job of explaining 83 00:04:36,640 --> 00:04:40,359 Speaker 1: in your piece why the Medicare for all fantasy is 84 00:04:40,440 --> 00:04:42,560 Speaker 1: just that it's a fantasy. Can you give us a 85 00:04:42,600 --> 00:04:47,159 Speaker 1: minute on that? So, I think, in a very pragmatic 86 00:04:47,240 --> 00:04:52,080 Speaker 1: and theoretical sense, if someone told me, if my taxes 87 00:04:52,200 --> 00:04:55,599 Speaker 1: went up ten percent, every single person in the country 88 00:04:55,800 --> 00:04:58,280 Speaker 1: would have at least be mineus healthcare. People in the 89 00:04:58,279 --> 00:05:00,880 Speaker 1: streets would at least be mineus healthcare. There, I think 90 00:05:00,880 --> 00:05:04,160 Speaker 1: perfectly willing to make that concession out of just pure logistics. 91 00:05:04,279 --> 00:05:06,840 Speaker 1: You know, their externalities to making sure that you're electorate 92 00:05:07,160 --> 00:05:09,800 Speaker 1: has their health care taken care of whatever. But people 93 00:05:09,839 --> 00:05:13,240 Speaker 1: forget that that's not what Medicare for All does. Medicare 94 00:05:13,279 --> 00:05:18,440 Speaker 1: for all kneecaps the very system that makes global medicine possible. 95 00:05:18,640 --> 00:05:21,240 Speaker 1: So we're four point four percent of the world's population, 96 00:05:21,279 --> 00:05:23,760 Speaker 1: but we're forty four percent of the world medical research 97 00:05:23,760 --> 00:05:27,440 Speaker 1: and development and the majority of the world's patents. UM, 98 00:05:27,520 --> 00:05:30,479 Speaker 1: we are seventy five percent of the world's pharmaceutical profits, 99 00:05:30,520 --> 00:05:35,200 Speaker 1: which means that not only we directly subsidizing Europe's pharmaceuticals, 100 00:05:35,279 --> 00:05:41,279 Speaker 1: Canada's pharmaceuticals, we're also just outright giving pharmaceuticals to areaalics, 101 00:05:41,400 --> 00:05:43,320 Speaker 1: to areas like subs here in Africa, you know. I 102 00:05:43,360 --> 00:05:46,560 Speaker 1: mean it's because of American research and development in philanthropic 103 00:05:46,600 --> 00:05:49,080 Speaker 1: measures that we've been able to cut down on rates 104 00:05:49,080 --> 00:05:51,720 Speaker 1: of HIV in Africa and rates of eight deaths and 105 00:05:51,920 --> 00:05:55,280 Speaker 1: races of malaria um so. And then people forget that 106 00:05:55,320 --> 00:05:58,279 Speaker 1: when you when you move from a profit motivated system, 107 00:05:58,720 --> 00:06:01,880 Speaker 1: you're ending all all of the motivation for there to 108 00:06:02,120 --> 00:06:06,240 Speaker 1: be new R and D and pharmaceuticals created. And this 109 00:06:06,320 --> 00:06:07,880 Speaker 1: wouldn't be so much of an issue if the rest 110 00:06:07,880 --> 00:06:10,880 Speaker 1: of the world also carried their weight, but they don't. 111 00:06:10,920 --> 00:06:14,040 Speaker 1: The next greatest purveyor of medical R and D the 112 00:06:14,080 --> 00:06:17,039 Speaker 1: world is China, and I don't really think that we 113 00:06:17,080 --> 00:06:19,640 Speaker 1: want to be relying on Chinese medicine. And the other 114 00:06:20,040 --> 00:06:22,720 Speaker 1: point that you make quite powerfully, I think is that 115 00:06:23,120 --> 00:06:25,919 Speaker 1: Medicare would not exist at all. It would go broke 116 00:06:26,040 --> 00:06:30,440 Speaker 1: immediately were it not subsidized every single day by private 117 00:06:30,440 --> 00:06:35,160 Speaker 1: insurance holders overpaying for medical services so that Medicare can 118 00:06:35,160 --> 00:06:39,039 Speaker 1: continue to underpay um and that just the numbers could 119 00:06:39,040 --> 00:06:42,760 Speaker 1: not work without private insurance still existing. But again, the 120 00:06:42,839 --> 00:06:46,520 Speaker 1: pieces is really really good. Um, it's it's worth a read. 121 00:06:46,600 --> 00:06:50,680 Speaker 1: Tiana Low, commentary writer for the Washington Examiner. You know what, 122 00:06:51,040 --> 00:06:54,800 Speaker 1: just the reason we're still talking about this stuff pure stubbornness, 123 00:06:54,800 --> 00:06:58,640 Speaker 1: just pure unwillingness to do what would be good for 124 00:06:58,760 --> 00:07:02,200 Speaker 1: us and pen her. So we encourage you to commit 125 00:07:02,240 --> 00:07:06,360 Speaker 1: career suicide as well. Good luck, Thanks Tanna, thank you 126 00:07:06,600 --> 00:07:10,680 Speaker 1: all right, bye bye. As as wondering up for us 127 00:07:10,680 --> 00:07:13,720 Speaker 1: and her and anybody else, that's uh. You know, an influencer, 128 00:07:13,800 --> 00:07:18,360 Speaker 1: opinion maker or whatever you make, you're living talking to people. Um, 129 00:07:18,560 --> 00:07:22,440 Speaker 1: you can annoy people by continuing to talk about it. 130 00:07:22,840 --> 00:07:25,000 Speaker 1: I'm not sure that's the best move. I don't know 131 00:07:25,000 --> 00:07:26,400 Speaker 1: what you do at this point. I think he just 132 00:07:26,400 --> 00:07:29,920 Speaker 1: just wait until the devastation comes and then discuss how 133 00:07:29,960 --> 00:07:31,360 Speaker 1: to get out of it. I don't know. You know 134 00:07:31,400 --> 00:07:36,440 Speaker 1: one of our old bosses who was simultaneously UM, brilliant 135 00:07:36,640 --> 00:07:40,360 Speaker 1: and nuts. There's a lot of brilliant people are UM. 136 00:07:40,440 --> 00:07:42,800 Speaker 1: I was talking about a friend of his, also in 137 00:07:42,840 --> 00:07:47,160 Speaker 1: the radio business, getting canned and and he said, and 138 00:07:47,160 --> 00:07:49,240 Speaker 1: and help me out. Because Jack, I remember, I know 139 00:07:49,320 --> 00:07:52,040 Speaker 1: you remember this too. He said. The problem with his 140 00:07:52,160 --> 00:07:56,240 Speaker 1: friend was that he kept saying the same thing in 141 00:07:56,280 --> 00:07:59,920 Speaker 1: the same way, and he was right, he was absolute 142 00:08:00,080 --> 00:08:02,880 Speaker 1: lee right. But after a while it wore people out 143 00:08:03,320 --> 00:08:06,160 Speaker 1: and they just didn't want to hear him anymore. Person 144 00:08:06,360 --> 00:08:08,800 Speaker 1: get rid of him. Um, you gotta find different ways 145 00:08:08,840 --> 00:08:12,200 Speaker 1: to say the same thing. Maybe it's helping people understand, 146 00:08:12,200 --> 00:08:16,200 Speaker 1: particularly younger people, what it will mean when the pooh 147 00:08:16,280 --> 00:08:18,560 Speaker 1: hits the fan, and the poo will absolutely hit the fan. 148 00:08:19,720 --> 00:08:24,120 Speaker 1: It means devastating levels of taxes and huge slashes in 149 00:08:24,320 --> 00:08:28,200 Speaker 1: all of the glorious sounding government programs you value. There 150 00:08:28,200 --> 00:08:30,240 Speaker 1: will be no help for the sick, in the poor, 151 00:08:30,280 --> 00:08:33,160 Speaker 1: and the downtrodden because there will be no money. They 152 00:08:33,280 --> 00:08:36,880 Speaker 1: will be starving in the streets. Old people will be 153 00:08:37,040 --> 00:08:40,200 Speaker 1: on their own. They will be glad to get cat food. 154 00:08:40,600 --> 00:08:43,920 Speaker 1: You will turn over two thirds of your paycheck, two 155 00:08:43,960 --> 00:08:46,640 Speaker 1: thirds of it to the government, and not for some 156 00:08:46,720 --> 00:08:50,440 Speaker 1: sort of glorious medicare for all and assured employment. That's 157 00:08:50,480 --> 00:08:53,160 Speaker 1: just to keep the lights on. You know, maybe we 158 00:08:53,200 --> 00:08:56,760 Speaker 1: need some good apocalyptic storytellers to make movies about it, 159 00:08:56,880 --> 00:08:59,920 Speaker 1: or or something. I don't know. But nobody seems that 160 00:09:00,000 --> 00:09:03,120 Speaker 1: of a damn And you know what, Listen, while you're 161 00:09:03,200 --> 00:09:08,240 Speaker 1: at the party and everybody's getting it on man, everybody's 162 00:09:08,240 --> 00:09:11,920 Speaker 1: a little bit hammered or enjoying the substance of their choice. 163 00:09:12,960 --> 00:09:15,920 Speaker 1: They understand that they're going to pay a terrible price 164 00:09:15,960 --> 00:09:19,160 Speaker 1: in the morning, but you just don't care. And we're 165 00:09:19,200 --> 00:09:22,960 Speaker 1: in that period right now, and I don't know exactly 166 00:09:22,960 --> 00:09:24,760 Speaker 1: what to do about it. Probably nothing,