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

TEASER: 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.


If you haven't heard, every single week The New Abnormal does a special bonus episode for Beast Inside, the Daily Beast’s membership program. where Sometimes we interview Senators like Cory Booker or the folks who explain our world in media like Jim Acosta or Soledad O’Brien. Sometimes we just have fun and talk to our favorite comedians and actors like Busy Phillips or Billy Eichner and sometimes its just Rick & Molly discussing the fuckery. You can get all of our episodes in your favorite podcast app of choice by becoming a Beast Inside member where you’ll support The Beast’s fearless journalism. Plus! You’ll also get full access to podcasts and articles. To become a member head to newabnormal.thedailybeast.com

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Episoder(1013)

Why Melania Trump Is Hiding From Me: Wolff

Why Melania Trump Is Hiding From Me: Wolff

Michael Wolff joins Joanna Coles with a story Trump World would rather bury: his legal pursuit of Melania Trump after she threatened a $1 billion libel suit over his reporting on her ties to Jeffrey Epstein. Wolff details the surreal effort to serve the First Lady—lawyers refusing papers, process servers turned away, Trump Tower staff claiming she lives there while she avoids being found—and explains why he sued first under New York’s anti-intimidation law. The legal farce opens onto something larger: a family operating in secrecy and fear, a president trying to “serve” his wife even as control slips, and a White House where avoidance has become strategy. As Trump’s foreign policy grows more erratic and Europe edges toward war, the question lingers: is Melania’s disappearance just legal gamesmanship—or another sign of a presidency retreating from accountability? Hosted on Acast. See acast.com/privacy for more information.

19 Des 59min

Epstein Served Me Up For Trump's Sick Pleasure

Epstein Served Me Up For Trump's Sick Pleasure

Stacey Williams joins Joanna Coles as the anticipated release of the Epstein files throws fresh scrutiny on Donald Trump’s long-denied proximity to Jeffrey Epstein. Williams recounts how a dinner invitation led to a relationship with Epstein—and, she says, to being deliberately walked into Trump Tower where Trump groped her while Epstein stood by, a moment she now believes was staged. Does her account expose how power, silence, and sexual coercion were normalized at the highest levels—and why Trump remains untouched as others in Epstein’s orbit fall? Hosted on Acast. See acast.com/privacy for more information.

18 Des 45min

Trump's Staff Are Questioning His Mental Stability

Trump's Staff Are Questioning His Mental Stability

Michael Wolff joins Joanna Coles to break down the Vanity Fair profile that may have pushed Trump chief of staff Susie Wiles into dangerous territory, and the newly surfaced Epstein diaries that reveal fixation more than revelation. But the episode turns darker with Trump’s grotesque response to the murder of Rob Reiner and his wife—a moment that shocked even his own insiders. Wolff argues this wasn’t calculation or cruelty, but something giving way. And it leaves an unavoidable question hanging in the air: how long can a presidency survive when self-destruction is no longer strategic, but instinctive? Hosted on Acast. See acast.com/privacy for more information.

17 Des 47min

Why Susie Wiles Can't Deny Spilling Trump Secrets

Why Susie Wiles Can't Deny Spilling Trump Secrets

Chris Whipple joins Joanna Coles as his explosive Susie Wiles profile sends shockwaves through Trump’s White House. After 11 months of on-the-record access, for Vanity Fair, to Susie Wiles, Whipple explains why the facts can’t be denied—and why her description of Trump’s “alcoholic personality” has triggered cabinet-wide panic and presidential pushback. Does this unprecedented candor reveal how Trump 2.0 actually functions, or mark the moment the West Wing turns on its most powerful gatekeeper? Hosted on Acast. See acast.com/privacy for more information.

17 Des 40min

This Is How We Know Trump Is A Sociopath: Author

This Is How We Know Trump Is A Sociopath: Author

David Rothkopf joins Joanna Coles to unpack a presidency stripped of empathy after Trump’s disturbing Truth Social post responding to the murder of filmmaker Rob Reiner and his wife. Rothkopf, the founder of Deep State Radio and former editor of Foreign Policy magazine, argues that this moment exposes Trump’s defining pathology: an inability to respond to tragedy without cruelty, self-obsession, and grievance. From mass shootings to corruption, donors, and a cabinet quietly hedging its bets, they trace how Trump’s personal brokenness has become national policy—and ask the defining question: How long can a political system function when it’s built around one man’s pathology? Hosted on Acast. See acast.com/privacy for more information.

16 Des 42min

The Real Reason Trump's Lost His Mojo: Don Lemon

The Real Reason Trump's Lost His Mojo: Don Lemon

Don Lemon joins Joanna Coles to diagnose why Trump’s lost his charismatic touch. Lemon, Founder of The Don Lemon Show, describes a former president whose influence is fading as voters grow disillusioned with MAGA, economic distortions, and rising healthcare costs. From Trump’s credibility and health to Republican lawmakers misreading the electorate, Lemon explores the consequences of a movement built on lies and distractions—and presses a defining question: How long can the GOP survive a leader losing his grip? Hosted on Acast. See acast.com/privacy for more information.

15 Des 48min

The Truth Behind New Trump Epstein Photos: Wolff

The Truth Behind New Trump Epstein Photos: Wolff

Michael Wolff joins Joanna Coles to reveal stories behind newly released Epstein photos. Together they sift through the blacked-out faces, the Mar-a-Lago-style party shots, and a younger Steve Bannon seated in Epstein’s ornate study—the man he once admitted was the only figure in 2016 who truly scared him. Wolff explains why these images are surfacing now, how both parties are weaponizing them, and why they revive long-buried questions about Trump’s ties to Epstein. Coles ends on the unavoidable question: Are there more Epstein and Trump revelations still waiting to be discovered? Hosted on Acast. See acast.com/privacy for more information.

14 Des 1h

What Trump Really Thinks of Women on His Team

What Trump Really Thinks of Women on His Team

Michael Wolff joins Joanna Coles to unpack Kristi Noem’s “Ice Barbie” theatrics at Homeland Security to Pam Bondi’s loyal remaking of the Justice Department. They explore how, for the people in Trump’s political orbit, loyalty and spectacle outweigh competence. Wolff and Coles dive into Corey Lewandowski’s influence, Alina Haber’s rocky rise, Jared Kushner’s allies, and the fractures forming among Trump’s women acolytes. Behind the headlines, they reveal a presidency driven by personal power, loyalty tests, and showmanship—where the inner workings are as unpredictable as the public drama. Hosted on Acast. See acast.com/privacy for more information.

12 Des 48min

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