Democrats Don’t Care About Debt. And That’s OK.

Democrats Don’t Care About Debt. And That’s OK.

The pandemic shook things up, a lot. It exposed the country’s deepest inequalities, and arguably, made them worse. Now, all eyes are on President Biden to see how he’ll fix it, and Republicans are responding exactly as expected: by crying about the debt. Here’s the thing, though, says Paul Krugman, an American economist and op-ed columnist at The New York Times, there’s really no reason to. It’s a tale as old as time. Both parties spend, but when it’s time for Dems to make the economic plans, and Biden took office, Republicans “suddenly rediscovered that they were worried about debt” he tells co-host Molly Jong-Fast on this bonus episode of The New Abnormal. But it actually doesn’t matter, he claims. “The important thing to realize is that governments are not like you and me, governments don't have to pay back their debt,” he explains. “All they have to do is make sure that their obligations don't grow beyond any reasonable estimate of what they can us over time. That means they never actually have to pay off debt. It's a threat that exists only in the imagination of people who want to have some reason to squeeze government spending.” Instead, says Krugman, lawmakers should prioritize giving money to poor families with children, which is cheap and will get them out of poverty. “You can do an enormous amount for children, fairly affordably,” he says, but for the love of Pete, stop calling it tax breaks. “It's actually just giving people money,” he says, which isn’t a bad thing at all. Will the Trump voters go for this? It’s unclear, but Krugman says Biden’s policies actually help them the most. (“There's basically no place in America that is more dependent upon federal aid. That is more lifted out of absolute misery by massive support from the taxpayers than Eastern Kentucky. And it's very, very hard to find someone who didn't vote for Trump and those in those counties.”) Plus! The past alignments of the Democratic and Republican parties are completely changed, he says. (“People used to describe [the GOP] as being a center, right party, but it's not, it's now an extreme authoritarian, anti-liberal, anti-science, anti-almost-everything party that more or less [resembles] fascist parties of Europe.”) And! A prediction of what economic recovery look like post-pandemic. It’s good news for the working class.

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Episoder(1015)

Why Andrew's Epstein Shame Will Never End: Author

Why Andrew's Epstein Shame Will Never End: Author

Andrew Lownie joins Joanna Coles with a bracing account of a royal family in complete public meltdown. Lownie, an author and British historian, lays out why Prince Andrew’s downfall is no longer a contained scandal but a widening corruption crisis—one that now stretches from sex-trafficking allegations to financial misconduct, secret meetings with Bahrain, and the Queen and Prince Philip’s decades-long blind spot for their “favorite” son. As King Charles battles cancer and Prince William quietly takes the reins, Joanna presses Lownie on whether Andrew will flee Britain, what Sarah Ferguson might reveal, and whether this is the most perilous moment for the monarchy since the abdication. Hosted on Acast. See acast.com/privacy for more information.

4 Des 31min

Epstein's Warning About Trump is Coming True: Wolff

Epstein's Warning About Trump is Coming True: Wolff

Michael Wolff joins Joanna Coles to unpack the widening sense inside Trumpworld that the operation is slipping into pure incompetence. From Pete Hegseth’s troubling battlefield lore to Keystone Kash Patel’s chaos, Wolff charts a mood shift that even Murdoch-world can’t quite hide. Wolff outlines how Jeffrey Epstein once warned that Trump would misuse his pardon power, as evinced by Trump’s pardon of Honduran ex-president and cocaine trafficker Juan Orlando Hernández. Joanna presses the central question of the hour: Is this the moment when Trump’s own allies decide the circus has finally become a liability? Hosted on Acast. See acast.com/privacy for more information.

3 Des 52min

Why Trump's Presidency is All But Over: Carville

Why Trump's Presidency is All But Over: Carville

James Carville joins Joanna Coles to explain why he smells “a whiff of the French Revolution” rising in American politics as young voters buckle under soaring costs and a system rigged for the already-powerful. Carville, a veteran political strategist, argues that Trump—on the heels of his losses in the off-year election—stands on politically hollow ground, with collapsing polls and no governing path forward. The Ragin’ Cajun urges Democrats to center on affordability and economic inequality rather than “woke” identity fights. And with economic fury building, Joanna asks: Is this the moment Democrats finally take the advantage Carville believes is already theirs? Hosted on Acast. See acast.com/privacy for more information.

2 Des 33min

Why Trump’s No Laughing Matter—Even for Me: Comic

Why Trump’s No Laughing Matter—Even for Me: Comic

Comedian Zarna Garg joins Joanna Coles to explore why she avoids political comedy, the pressures of Indian-American family expectations, and the surprising ways the Indian community relates to figures like Trump and Modi. Along with her daughter Zoya, Zarna traces the intersection of heritage, ambition, and representation, from Bollywood-inspired bravado to the delicate balance of supporting daughters marrying across faiths. Along the way, Garg reflects on mentorship, collaboration with Tina Fey and Amy Poehler, and the lessons that have shaped her career. It’s a conversation that’s at once personal, political, and profoundly revealing—how does heritage shape ambition in America? Hosted on Acast. See acast.com/privacy for more information.

1 Des 28min

Weak Trump Losing Physical and Mental Grip: Wolff

Weak Trump Losing Physical and Mental Grip: Wolff

Michael Wolff joins Joanna Coles to probe Donald Trump’s newest — and perhaps most perilous — level of weakness. From a fraying inner circle to the small, telling humiliations Trump tries to hide, Wolff traces how the former president’s aura of dominance is thinning just as legal threats, foreign crises, and a faltering presidency converge. Wolff walks through how Trump’s allies are suddenly keeping their distance and how MAGA power brokers are beginning to hedge. It all leads to the question that hangs over this episode: has Trump finally reached the point where weakness, not strength, defines his movement? Hosted on Acast. See acast.com/privacy for more information.

30 Nov 38min

Trump's Disgusting Bedroom Habit Exposed: Wolff

Trump's Disgusting Bedroom Habit Exposed: Wolff

Michael Wolff joins Joanna Coles to take a deep dive into Donald Trump’s relationship with food. From his legendary buffets at Mar-a-Lago and his fast-food devotion to McDonald’s, Jimmy John’s, and oversized desserts, Wolff maps out the culinary habits that reflect Trump’s personality and comfort zones. They discuss the White House dining struggles, state dinners he barely touches, and the unusual quirks—from eating in his bedroom to a Diet Coke button at his desk. Along the way, Wolff unpacks how Trump’s palate, fears, and routines give a window into his larger-than-life persona. Thanksgiving at Mar-a-Lago has never been more telling. Hosted on Acast. See acast.com/privacy for more information.

28 Nov 42min

I’ve Seen Trump Up Close. Why I Know He’s Failing

I’ve Seen Trump Up Close. Why I Know He’s Failing

Katy Tur joins Joanna Coles to parse how a once forceful Trump, who called her “little Katy,” is now plagued by health concerns, prosecutorial incompetence, and an ever-growing Epstein scandal. Tur, Host of MS NOW’s ‘Katy Tur Reports’ digs into the deep fissures in Trump’s public persona: slowing energy, slurred speech, and shifting routines that raise questions about his health and stamina. Tur also breaks down the ongoing implications of the Epstein files, Trump’s handling of journalists, and the political fallout from rising healthcare costs. From the personal to the political, this conversation captures a president—and a country—under intense scrutiny Hosted on Acast. See acast.com/privacy for more information.

27 Nov 1h

Why Trump Aide Is Thinking 25th Amendment: Wolff

Why Trump Aide Is Thinking 25th Amendment: Wolff

Michael Wolff joins Joanna Coles to take a deep dive into Donald Trump’s relationship with food. From his legendary buffets at Mar-a-Lago and his fast-food devotion to McDonald’s, Jimmy John’s, and oversized desserts, Wolff maps out the culinary habits that reflect Trump’s personality and comfort zones. They discuss the White House dining struggles, state dinners he barely touches, and the unusual quirks—from eating in his bedroom to a Diet Coke button at his desk. Along the way, Wolff unpacks how Trump’s palate, fears, and routines give a window into his larger-than-life persona. Thanksgiving at Mar-a-Lago has never been more telling. Hosted on Acast. See acast.com/privacy for more information.

26 Nov 47min

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