In this episode of Gross Domestic Problem, William is joined by Congressman William Timmons (SC-04). Congressman Timmons discusses the critical issue of national debt and improper government payments. He proposes a technological solution to verify eligibility for social safety net programs, potentially saving between $500 billion to $1.5 trillion annually. By using advanced data verification techniques, Timmons argues that the government can reduce waste, fraud, and abuse without cutting essential benefits. The conversation highlights the urgent need to address the country's unsustainable fiscal trajectory, emphasizing that every 100 days, the United States adds a trillion dollars to its national debt. Timmons also advocates for using modern technology to create more efficient, real-time eligibility checks that could help break cycles of poverty and reduce unnecessary government spending. You won’t want to miss this enlightening conversation.
Key topics in today’s conversation include:
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.