Nov 8, 2017

11/08/2017: The water in the tub is the national debt

HTML EMBED:
COPY

And the water flowing into the tub is from deficits. Deficits like the $1.7 trillion in 10 years that the new tax bill is expected to add, according to the Congressional Budget Office. How long until the tub overflows? We explore that metaphor and other ways to think about our debt situation. And a week into the open enrollment period for Obamacare, we talk about how the change in administrations has affected people signing up for health care. Plus, can Snapchat's popularity among teens translate into share price? And finally, a dispatch from China ahead of President Donald Trump's trade talks with Xi Jinping. 

Segments From this episode

For its tax plan to succeed, the GOP may need a better pitch to the middle class

Nov 8, 2017
Elections, it’s been said, have consequences, and last night’s local contests were no exception. The Republican losses come at an awkward time in the politics of the American economy — specifically, the tax overhaul plan the GOP’s trying to get through Congress. And even more specifically, in light of the results last night, making the […]

What it's like to be young, working two part-time jobs while navigating Obamacare during repeal efforts

Nov 8, 2017
Turning 26 and buying health insurance for the first time during a period of uncertainty over the fate of Obamacare is stressful.
A computer screen shows the enrollment page for the Affordable Care Act on November 1, 2017 in Miami, Florida.
Joe Raedle/Getty Images

Snap may be struggling, but Chinese giant Tencent has snapped up more shares

Nov 8, 2017
Chinese messaging giant Tencent has bought up about 12 percent of Snap, parent company of the disappearing messaging app Snapchat. Snap has struggled since its big IPO in March, and its shares have lost half their value, leading to the inevitable speculation that it might be ripe for an acquisition. But what is it about […]

Tough talks lurk behind Trump's first-class reception in China

The president will likely ask for some technology reciprocity and help with North Korea.
President Donald Trump, walking with first lady Melania Trump, looks at China's President Xi Jinping and his wife, Peng Liyuan, as they tour the Forbidden City in Beijing today.
JIM WATSON/AFP/Getty Images

Why would the Murdochs want to sell part of 21st Century Fox?

Nov 8, 2017
There have been reports this week that the Murdoch family is talking with Disney about selling the entertainment division of 21st Century Fox. It would be a big deal for Disney, and it would also mean a big change for Fox. Sarah Ellison wrote in Vanity Fair about the rumored deal and how the complicated […]
The potential deal would leave the Murdoch family still in possession of Fox News. 
Frederick M. Brown/Getty Images

The GOP tax plan just got more expensive

Nov 8, 2017
A new estimate by the Congressional Budget Office says the plan could add $1.7 trillion to the deficit
Committee chairman Rep. Kevin Brady (R-TX) and ranking member Rep. Richard Neal (D-MA) confer with aides before the start of a House Ways and Means Committee hearing concerning the Trump administration's fiscal year 2018 budget proposals, on Capitol Hill, May 24, 2017 in Washington, DC.
Drew Angerer/Getty Images

And the water flowing into the tub is from deficits. Deficits like the $1.7 trillion in 10 years that the new tax bill is expected to add, according to the Congressional Budget Office. How long until the tub overflows? We explore that metaphor and other ways to think about our debt situation. And a week into the open enrollment period for Obamacare, we talk about how the change in administrations has affected people signing up for health care. Plus, can Snapchat’s popularity among teens translate into share price? And finally, a dispatch from China ahead of President Donald Trump’s trade talks with Xi Jinping. 

Music from the episode

Lost Frank Ocean
Turino Sun Sébastien Tellier
Sugah Daddy D'Angelo
Antenna Bonobo