2min chapter

Many Happy Returns cover image

Defaulty Towers: How dangerous is the US Debt Ceiling?

Many Happy Returns

CHAPTER

Pension Craft Podcast - Many Happy Returns

Almost half of social security debt is held in trust for American retirees. If you're talking about who would you be screwing over, if somehow you could not pay the debt with no consequences? It's current and future retirees in the US who are hurt more than anything. The dealers as follows: You give money to the US government with the understanding that you'll be repaid. That deal, that contract with the government must never be broken. squandering that trust is something which would be catastrophic for the US government. Well, I can't even default once, Rameen. Let me default once.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode