Congressman Adam Smith
👤 SpeakerAppearances Over Time
Podcast Appearances
What's that?
I mean, they have a health care system that, you know, that makes sense.
So, yes, promising free stuff to people is a cheap way to get votes.
But, you know, now the debt is calculated that the publicly owned debt is at, like, I think, 32 trillion dollars a year.
Sorry, 32 trillion dollars total.
We just don't have a lot of space to promise any more free stuff, and yet we keep doing it.
Right.
The issue of costs is 100% a problem.
And it's somewhat easy to explain this.
And I know this.
I grew up in a blue collar family.
My father was a baggage handler at United Airlines, modest, lower middle class.
But I know what the basis were of the opportunity that I was able to have.
And there's really four big costs.
And then there's the wages part of the equation on the other side.
Housing, health care, education, energy.
When you go back to when I was born in 1965 and raised out in the city of Sea-Tac, what my family had to pay for those four things throughout my growing up, which I guess extends through my law degree when I was 25.
It is less than 10% of what it is now.