Weinberg: Entitlements Are Crucial Issue of Our Time

The transcript discusses the importance of addressing generational social contracts, entitlement programs, and fiscal deficits. It highlights the lack of attention these issues received during political campaigns and emphasizes the need for future administrations to tackle these challenges. The discussion is framed around Robert Samuelson's book, 'The Great Inflation and its Aftermath', and the need for a new social contract acknowledging longer life expectancy and wealth among older Americans.

What are the implications of the looming balloon in the US fiscal deficit mentioned in the text?

What does the author imply about the political solutions to the issues discussed?