This podcast episode explores the topic of the growing US federal debt, discussing its current levels, the arguments for and against it, and the fairness of passing on the debt to future generations. The hosts and guests examine the reasons for taking on debt, the impact of government spending and borrowing, and the potential consequences of a large debt. They also discuss the U.S. debt ceiling debate and the importance of avoiding default. Overall, the episode aims to provide a balanced perspective on the issue.