Back to episode — Episode 2440 CWSA 04/10/24
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led the simultaneous sip, and it happens now. Oh God, that's good. Sublime. Well, let's jump right into the news. According to an article in the BBC, retiring in your 60s is becoming an impossible thing, and 75 is the new 65, and people are going to work longer. Is that a good thing or a bad thing? You tell me. Suppose people start retiring at 75 instead of 65. Good for the world or bad for the…
← Previous segment →get just stayed flat but you were inflating away the debt — well, you'd be inflating away your budget as well as your debt, but you would also maybe not be adding so much. So the math of it is actually confusing. It's not straightforward at all. So probably I'm just going to give you my eyeball sense of things, just a sense of it. Probably something like every part of the budget has to be cut by 10%, something like that.
Now you'd say to yourself, but Scott, that's not nearly enough, to which I'd say you have to consider all the other effects, and then you might be getting close to at least keeping it flat. If you keep it flat, you could probably survive it. So I'd love to know that number, because if the number really is 40% that you would have to reduce the budget 40% to survive, we're not going to do that. We're not going to do that.
But if the answer is if you cut everything by 10% and maybe 1% a year after that for a while or something like that, you could make that work. It would take robots and all kinds of GDP growth, but you can make it work. So I think it's in that range, 10%, but I don't know.
Well, there's another study of mental health and kids. I think Politico was talking about this. They talked to a bunch of mental health experts to figure out what it is that's causing young people to have mental health issues. Here's what the experts said. They think it's social media, social isolation, external events such as school shootings, climate change, war and political instability. And they also said lack of independence, skills, missing developmental milestones because of the pandemic, and pressure to be perfect, and family instability. That's what the exp
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erts said. Can you name anything on that list that the experts said that wasn't obvious to you? Is there even one thing that they said that you didn't already know? It's crazy. These are our experts. They've got nothing for us. Nothing. Yeah, and they left out food. So basically the non-expert who said in the comments, "What about food?" gave a better answer than the experts. If you leave food o…
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