Carlyle Group co-founder David Rubenstein tells Brian Sozzi that America has crossed a line he says has marked declining powers for four centuries: the country now pays more in interest on its debt than it spends on national defense.
He also explains why 80 to 90 members of Congress sleep in their offices, what aliteracy is and why more than half of American adults have not read a book this year, and how he came to own more copies of the Declaration of Independence than the US government does.
Timestamps
0:00 “More in interest than national defense”
2:42 Why conference committees disappeared, and what went with them
3:00 The bipartisan dinners where members sit with the other party
3:47 Half a House member’s time goes to raising money
4:28 The Library of Congress began with 600 books and three maps
4:52 Why he thinks it should be called the Library of America
5:47 19% of adults cannot read past a fourth-grade level
6:46 Aliteracy: when you can read and choose not to
7:23 Why reading on a phone isn’t the same as reading a book
8:15 His anti-Alzheimer’s device
8:51 The two books he’d hand you right now
10:33 What happened to the Librarian of Congress
11:31 The one part of the Library the administration wants
13:32 From the Carter White House to restoring the Lincoln Memorial
14:10 He owns more Declarations of Independence than the US government
15:07 The only Magna Carta in private hands
15:54 The atomic-bombproof case he paid for himself
16:08 The Gettysburg Address copies that will never be sold
17:00 Lincoln signed 47 Emancipation Proclamations. Six sold.
18:31 Why the Jefferson Memorial roof turned black
19:27 What a thousand-person ballroom costs the White House
21:06 America now pays more interest than it does for defense
21:42 What that means for your mortgage and your credit card
22:25 Why Jay Powell talked in English and Greenspan didn’t
23:08 Whether Kevin Warsh will have to start communicating
23:24 “I don’t sleep that much”
#nationaldebt #DavidRubenstein #Carlyle #Congress #PowerPlayers #YahooFinance
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