Peter St Onge Podcast Ep 98 Weekly Roundup: Why is American Healthcare so bad
11 snips
Dec 16, 2024 The podcast dives into the alarming rise of U.S. federal debt, revealing how interest payments now outpace vital programs like Social Security. It critiques the reliability of employment statistics while spotlighting wage stabilization in low-skilled jobs. European political turmoil and the rise of populism are examined alongside the concerning return of inflation. A deep exploration into the American healthcare crisis highlights the negative impact of lobbyists prioritizing profits, advocating for a shift towards more cooperative and affordable healthcare models.
AI Snips
Chapters
Transcript
Episode notes
Debt Interest Burden
- The federal government's debt interest is now its largest budget item, exceeding Social Security and healthcare.
- This amounts to nearly $900 per month per household, excluding private debt.
Conflicting Job Numbers
- The Bureau of Labor Statistics reports conflicting job numbers: payroll increased, yet employed persons decreased.
- This discrepancy raises concerns about the accuracy and potential manipulation of government data.
European Political Turmoil
- European governments are experiencing declining approval ratings due to unpopular policies and clinging to power.
- Populist movements are gaining traction, leading to unstable coalitions and attempts to suppress dissent.