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Beware 'The Debt Bomb'

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  • Description

    Okla. senator discusses America's terrifying road to fiscal catastrophe in new book

  • Duration 7:30
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This transcript is automatically generated

And I -- it's good to see.

The idea a new book of the debt.

And I guess who I describe it is raw.

And mr.

I think Washington this urban.

Agree in reading about the debt -- and that the book.

I think one of the book what is it caught my attention that you.

I want -- you quote apparently it's as if you wanna -- demands character and how are.

We're now facing at that task is currently on your book.

Why do you -- Because.

I want people to make an assessment of where we are today and what character is in Washington.

If we address our problems.

And honest with the American people we don't have a problem and promise we cancel.

If we continue to lock.

Mislead the American people as to the seriousness and urgency of our problems.

Which you concede that is very much.

Replicate it's the character.

That I see in Washington.

I wanted to talking talked about some numbers in your book which -- -- -- not Carson numbers talk about entitlement and where we're going.

-- in 195816.

Workers worked for beneficiary -- Social Security.

Ten years later it's -- from sixteen workers five workers.

We now have in this this year -- about -- workers.

Freak and it features the numbers declining and you got me Republican or Democrat -- know that that's the wrong direction.

Well it's not just that as well you have all the maybe -- my generation.

The post war baby boomers that are going into Social Security.

So is this is going down to.

So how unless we reform.

What we did.

And so every year we put off reform.

Means that the the cost and that the pain associated with reform it's going to be -- So we ought to be -- now talking about the real problems in the country today.

Explaining them an adult way and saying that these are partisan problem every American.

Is gonna get cut on the Social Security when it fails.

It's now three years closer to be -- bankrupt this year than it was last year.

It doesn't matter if you're a Democrat Republican your Social Security checks going to cut your grandkids are gonna have -- ton more taxes if we don't fix it.

-- when we get together and do.

Well the American did well -- him their -- their soaps and money into the funds are doing everything.

And you talk a little bit about this and you know the culture here in the senate and I guess part of the -- poster child.

That you mention is the bridge to nowhere with senator Ted Stevens for an -- stared -- down on the senate floor because.

He dared to take issue -- -- -- that culture is right here in the American people under a hard time to change that culture itself in -- Well there's two cultures there's the -- -- localism -- putting my state ahead of the best interest of the country.

And I understand that that's part of the political culture but the fact is this what were your forced to make sure the country's OK I would.

Posit that Oklahoma can't be healthy it's -- country health.

-- of Alaskan every other state.

The second culture is not facing up to what the real problems are and putting your career.

Not making -- difficult decisions.

So you picture career rather than making the difficult decisions to solve the problems of the country.

We it's okay to lose election.

If you fix the country.

We've just gotten out numbers which come here in Washington and there not at first but -- Are here now and noble but it went to this.

Was something happens along the way we how to go appeared normal to just -- about yourself that you re elected.

And not Stewart make me and let me -- -- and now it -- that.

I think human nature want it is -- everybody likes.

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