$40 Trillion in Debt: Is America Running Out of Time?

In this episode of New Frontiers, Paul Johnson is joined by columnist Bob Robb and economist Elliott Pollack to discuss three major forces reshaping American politics and the economy. The panel examines the U.S. national debt and federal deficit, rising interest rates, Social Security, inflation, defense spending, and whether Republicans or Democrats are prepared to make the difficult choices needed to address America’s fiscal problems. The conversation then turns to the rise of Democratic Socialism, its growing influence on the Democratic Party, and what it could mean for the 2026 elections and 2028 presidential race. They also explore Donald Trump, MAGA, political populism, and the growing frustration with America’s two-party system. Finally, Paul shares an update on No Labels Party of Arizona and the independent movement, including bipartisan endorsements, open primaries, ballot access, and efforts to support pragmatic candidates across the political spectrum. Chapters:  00:00 - Introduction   02:27 - Can America Afford More Military Spending? 12:30 - America’s Growing Debt & Deficit Problem 19:34 - Is It Worth Balancing the Federal Budget? 26:56 - Does Either Party Have a Pro-Growth Agenda? 30:08 - The Rise of Democratic Socialism 42:44 - When Politics Becomes Tribal 47:09 - Antisemitism, Israel & the Political Divide 50:18 - No Labels Party of Arizona  59:15 - Final Remarks and Conclusion