Ravi sits down with Dylan Matthews, senior correspondent and lead writer at Vox, to unpack the complexities of the national debt and deficit in the United States. They explore the historical context of the country's debt, the mechanisms of government borrowing, and the evolving political landscape around fiscal responsibility. Ravi and Dylan discuss how Americans experience the deficit on a day-to-day basis, including the true cost of healthcare spending, before turning to the key forces that drive fiscal policy, from immigration and demographic shifts to defense spending. Finally, as the U.S. edges closer to unprecedented levels of debt, they consider the solutions policymakers may propose to stabilize the economy.

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Notes from this episode are available on Substack: https://thelostdebate.substack.com/

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