In this episode of Gross Domestic Problem, William Glass examines the unrest in France as a warning about the economic pressures beneath the headlines: high public debt, rising borrowing costs, and government spending he argues is tilted toward older generations at the expense of younger people. He compares France’s challenges with similar U.S. fiscal pressures, while noting America’s advantages in economic growth and reserve-currency status. The key takeaway: these imbalances may become harder to address over time, so William calls for transparent leadership, informed voters, and greater accountability for government spending.
In this episode of Gross Domestic Problem, William Glass examines the unrest in France as a warning about the economic pressures beneath the headlines: high public debt, rising borrowing costs, and government spending he argues is tilted toward older generations at the expense of younger people. He compares France’s challenges with similar U.S. fiscal pressures, while noting America’s advantages in economic growth and reserve-currency status. The key takeaway: these imbalances may become harder to address over time, so William calls for transparent leadership, informed voters, and greater accountability for government spending.
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.