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-- Obama's former top economic -- Larry Summers says there's no real way to shrink the government and says in fact it really needs to get bigger.
Why is this true Fox News senior judicial analyst judge and you can get -- I don't my genuine reaction collect but that is all on the ideological line -- Ideological lines and of course Larry Summers as the former president of Hartford the former secretary of the treasury the former chairman of the council of economic and we can't hold his job.
He can't all the job got.
From his point of view if the government.
Continues to provide entitlements to the same number of people as it does today under the same circumstances then he's right you can't -- it.
But if you listen to what Paul Ryan is saying.
For those under 55.
They should have a free market alternative to me if they don't have a free market alternative.
Then the government's debt by the end of the next president's term could be twenty trillion dollars that would be utterly unsustainable because the interest on that debt.
Would be a trillion a year.
The government only collapsed two and a half.
Trillion a year in taxes.
And more than a third -- that it's gonna go to debt service that doesn't.
Leave enough money to run the government.
And no one will lend more money to the government because -- -- they're not gonna get paid back -- so Larry Summers who helped the president with the stimulus and he was one of his economic gurus to -- the president -- -- -- quite frustrated evidently -- -- absolutely he's seen the government is untreatable and really that sets up what this November election is all about -- that we -- -- there.
Who wants to make some Smart choices did say some things we might actually make the big government more effective yesterday it was -- smaller -- I was talking to my.
Wonderful mother I will not tell you her age but she and my father Aaron an age where they're taking advantage of Medicare she said -- -- group.
-- -- -- -- -- -- -- -- You are nowhere near 55.
Iran proposal although I'm older than 55 but Ryan proposal only applies to those.
55 and under but here's the thing when Social Security Medicare and Medicaid were challenged in the Supreme Court.
The Supreme Court said.
The government does not have to pay that money.
The government is not holding your money for you.
Accepting our proxy I don't congress can spend it or not spend but I don't get that because it's it's a deal we paid into -- you -- there's an expectation that it'll be correct it's a moral deal right it's not a legal obligation on the part of the congress.
So -- Republican say let's offer our younger generation.
Another option one that would allow them to invest their money and save the government -- -- -- messaging gone wrong in that because.
It did just that that it's much easier to say they're gonna program off the -- where I was just gonna say that -- over the cleft.
Which was -- horrific but brilliant.
Has has blurred the message and has scared otherwise decent people into hearing right.
That the government saving money is gonna take money away from them and actually a play on throw momma from the train the Billy Crystal movie and I -- You know who understood all of us a -- Stiller talked to -- -- -- They did yeah.
It's looking buckle your -- pitching miracle you judge that anything she probably changed.
He has hinted -- how.
It how wonderful your parents are still look you know.
Active area than -- -- they're probably watching now I'm sure that they're probably -- Soledad good.
Actually you know we think -- -- you've got one side -- -- you know with the Republicans are gonna throw grandma you know all the -- but the other side the Republicans could say.
But the Democrats want to throw your grand kids under the bus because the way things are going right now it won't be there for them correct at some point the government would collapse.
Or default as we approach twenty trillion debt some type which -- -- Larry Summers would agree with that someone's gonna get thrown from some mode of transportation.
Thank you very much judge -- and -- new -- I don't.
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