All Dessert and No Veggies.  Tiana Lowe talks to Armstrong & Getty - podcast episode cover

All Dessert and No Veggies. Tiana Lowe talks to Armstrong & Getty

Jul 26, 201910 min
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Episode description

Millennials like the Washington Examiner's Tiana Lowe are extremely disappointed that the past 10 years of promises made by fiscal conservatism have been broken. She joins A&G to air a generation of grievances.

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Transcript

Speaker 1

Why do we keep talking about things that polls show nobody cares about. I guess because we hope you care about it. But people don't doom to failure. People don't care about the national debt. I wish they did. We've been talking about it for years. And by the way, I just saw that SpaceX rocket re land. The way

they do it's astounding, it's amazing. It's a time of unthinkable technical achievements, and yet we're committing fiscal suicide as a people, and nobody can seem to comprehend the idea that if you overspend for a long enough time, you will bring on financial ruin. It's an interesting contrast in my crazy head, and I feel like the the the Republican Party, if they hadn't already set up the white flag this week or just signaled they don't care, We're

not gonna pretend to care anymore. Tiana Low is a commentary writer for the Washington Examiner. She also founded the USC Economic Review Tianna, how are you? I am doing well? Excellent?

So listen. We ask most of our guests who attended us see the same question merit or parent check, and we asked that my parents paid the old fashioned way, which was you know, s a t tutors ap test, all that, you know, the boring regular mass near stop, not the half a million dollars to take my way onto a crew teams ask that not too so clouds of doubt over your your interview this morning, but to remove them. Tiana entirely merit at usc congratulations. So hey, listen,

you're a younger person. I'm guessing you hang out with you know, at least to some extent peers, Does anybody under the age of forty five give a damn about the debt bomb that is going to settle you, you you

people with enormous taxes. I feel like Cassandra running around the wake of a destroyed Troy trying to explain to everyone what a debt crisis actually looks like when it is here, with social security and solvency actually looks like when it is here, What the ramifications of medicare for all of the research and development looks like when it is here. And yet no one really seems to care. Yeah, we're getting that idea, and we don't have a party anymore.

Those of us who would like the country to live within its means as the Republicans, would you agree they signaled in the recent days that they just don't even care about the issue anymore. They probably signaled it a long time ago, just to became like abundantly evident this week.

Oh certainly. I mean the fact that of one of the most talented presidential debates, good is in modern American politics, we chose the one guy who swore that he wouldn't touch Social Security, which again we knew become insolvent in the next fifteen years, it wouldn't catch Medicare, and he wouldn't touch Medicaid. So I mean, as the president who had never even really paid lip service to the idea

of Fischal responsibility. So right now we're sort of in this dietary equivalent of all dessert with no veggies, where we get tax cuts, we get the regulation, but we get no spending cuts, all dessert, no veggies, which you know, kids like human beings, like, it's just it's living in a fantasy lane. And and to Trump running on no, no, no, I'm not going to touch in title and all that

sort of stuff, he understood the electorate. He understood people don't actually care about this, and he was right Yeah, and this is why the biggest failing of the Tea Party wasn't even just the policy. It was the unwillingness to focus on the pure fiscal reality of the ramisfications of his messaging. And instead, you know, we saw some form of the Key Party coalesced around Trump, and Trump

is um and you know, protectionism and trade work. That's the opposite of what the Tea Party was supposed to stand for. So it is sort of funny that a decade ago we elected in a generation of conservatives into or so called conservatives into the Republican Party, with this promise that they would tackle the spending. And you know, there's no sign that's that's coming anywhere in the next decade. Yeah. I you know, I I read a substantial part of

your piece, which is terrific. It's really well done, and we'll have a link at Armstrong and Getty dot com for folks. Uh, you know, I I think the Tea Party movement ran into the immovable object, which is um. You know, you can call it a swamp if you want, but the government has become such a colossus, it's become its own most important lobbyist. And so I just I just think we ran into Goliath and Goliath won this one.

Um Tiana Lowe's commentary writer for The Washington Examiner. I think you do a really really good job of explaining in your piece why the Medicare for all fantasy is just that it's a fantasy. Can you give us a minute on that? So, I think, in a very pragmatic and theoretical sense, if someone told me, if my taxes went up ten percent, every single person in the country would have at least be mineus healthcare. People in the

streets would at least be mineus healthcare. There, I think perfectly willing to make that concession out of just pure logistics. You know, their externalities to making sure that you're electorate has their health care taken care of whatever. But people forget that that's not what Medicare for All does. Medicare for all kneecaps the very system that makes global medicine possible.

So we're four point four percent of the world's population, but we're forty four percent of the world medical research and development and the majority of the world's patents. UM, we are seventy five percent of the world's pharmaceutical profits, which means that not only we directly subsidizing Europe's pharmaceuticals, Canada's pharmaceuticals, we're also just outright giving pharmaceuticals to areaalics,

to areas like subs here in Africa, you know. I mean it's because of American research and development in philanthropic measures that we've been able to cut down on rates of HIV in Africa and rates of eight deaths and races of malaria um so. And then people forget that when you when you move from a profit motivated system, you're ending all all of the motivation for there to

be new R and D and pharmaceuticals created. And this wouldn't be so much of an issue if the rest of the world also carried their weight, but they don't. The next greatest purveyor of medical R and D the world is China, and I don't really think that we want to be relying on Chinese medicine. And the other point that you make quite powerfully, I think is that

Medicare would not exist at all. It would go broke immediately were it not subsidized every single day by private insurance holders overpaying for medical services so that Medicare can continue to underpay um and that just the numbers could not work without private insurance still existing. But again, the pieces is really really good. Um, it's it's worth a read.

Tiana Low, commentary writer for the Washington Examiner. You know what, just the reason we're still talking about this stuff pure stubbornness, just pure unwillingness to do what would be good for us and pen her. So we encourage you to commit career suicide as well. Good luck, Thanks Tanna, thank you all right, bye bye. As as wondering up for us and her and anybody else, that's uh. You know, an influencer,

opinion maker or whatever you make, you're living talking to people. Um, you can annoy people by continuing to talk about it. I'm not sure that's the best move. I don't know what you do at this point. I think he just just wait until the devastation comes and then discuss how to get out of it. I don't know. You know one of our old bosses who was simultaneously UM, brilliant and nuts. There's a lot of brilliant people are UM.

I was talking about a friend of his, also in the radio business, getting canned and and he said, and and help me out. Because Jack, I remember, I know you remember this too. He said. The problem with his friend was that he kept saying the same thing in the same way, and he was right, he was absolute lee right. But after a while it wore people out and they just didn't want to hear him anymore. Person get rid of him. Um, you gotta find different ways

to say the same thing. Maybe it's helping people understand, particularly younger people, what it will mean when the pooh hits the fan, and the poo will absolutely hit the fan. It means devastating levels of taxes and huge slashes in all of the glorious sounding government programs you value. There will be no help for the sick, in the poor, and the downtrodden because there will be no money. They will be starving in the streets. Old people will be on their own. They will be glad to get cat food.

You will turn over two thirds of your paycheck, two thirds of it to the government, and not for some sort of glorious medicare for all and assured employment. That's just to keep the lights on. You know, maybe we need some good apocalyptic storytellers to make movies about it,

or or something. I don't know. But nobody seems that of a damn And you know what, Listen, while you're at the party and everybody's getting it on man, everybody's a little bit hammered or enjoying the substance of their choice. They understand that they're going to pay a terrible price in the morning, but you just don't care. And we're in that period right now, and I don't know exactly what to do about it. Probably nothing,

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