How will we ever get the national debt under control? Just asking questions.The U.S. national debt stands at a staggering $36 trillion. And while President Donald Trump assures us he's a "fiscal hawk," the GOP's latest fiscal plan, dubbed the One Big Beautiful Bill Act, is a fiscal time bomb, says today's guest. David Stockman, the director of the Office of Management and Budget under President Ronald Reagan, joins the show to dissect the Trump administration's budget priorities and explain why tax cuts without spending reductions are a recipe for disaster. With a career spanning decades in Washington, including his role as a key architect of Reagan's economic policies, Stockman brings unmatched insight into the mechanics of federal budgeting and the political roadblocks to fiscal sanity.SubscribeYouTube: https://www.youtube.com/@reasonJustAskingQuestions/featuredApple: https://podcasts.apple.com/us/podcast/just-asking-questions/id1719355507Spotify: https://open.spotify.com/show/5SpySKAH3LuVyxXk0MF7tlText and links to sources available here: https://reason.com/podcasts/just-asking-questions/Chapters00:29 Introduction and national debt overview06:01 Analyzing the One Big Beautiful Bill Act10:23 Tax cuts and deficit spending challenges18:28 Supply-side economics and Reagan's legacy27:33 The Federal Reserve's role in debt monetization40:03 Consequences of a potential debt crisis49:41 Political dynamics and opposition to Trump56:45 Strategies for fiscal reform and recommendations by the Department of Government Efficiency01:02:30 Lessons from past budget surpluses01:07:43 Closing thoughts and the free lunch myth