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Hannan: US debt is everyone's problem

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    EU Parliament member on economic crisis

  • Duration 4:58
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Well if he wants to get ready for that speech he might want to take tips from an access to an -- -- and of course he became famous years ago.

For taking on a prime minister Britain who was standing -- -- control.

Danielle on any EU member moralists and it's got to stop what I always admired about Daniel then and do today.

Is he told a guy that to his face a lot of politicians it as a horrible things but then to the guy's face like I didn't.

I'm not Daniel Hannan joins you right now he's a part of -- foreign delegation here against written about it right that is saying don't do was -- too.

-- I'm trivializing it but you're warning is what.

You know.

I'm terrified by that -- you just showed us I'm terra -- keep on looking over your -- these folks you know if I find it amazing.

As a -- to this country that anybody should be talking about anything other than the economy.

Sixteen trillion dollars is -- in expressible some -- and I just I do not have the vocabulary to begin to convey.

The seriousness of that figure but it's the seriousness of that figure that is hard to related people right how would you do it.

How do you break it down I mean is it it's -- -- one president has added more depth and believe the other.

43 went before him I mean you pick you take your pick but it is that a -- -- -- -- -- no debt and our country just -- Been there done that kind of used to that -- -- -- don't like it but it is what it is.

However people have noticed that they are worse off than they were twelve months ago they're expecting to be -- -- still.

In twelve months time and it's -- to meet quite extraordinary as a friend of America and of American democracy to come in.

And find people talking about gay marriage and told a -- and all these kind of funny -- I'm not saying that these might not be important issues at another time but given the immediacy and the urgency of this issue by.

Think it is incredible and -- it.

-- my kids are inheriting the same -- that anybody else's this is the single biggest factor in that lives generation.

His passing on to -- -- debt that is not prepared to pay itself I think that is immoral and it's economically on supportable.

-- in your country and it's my turn to but Prince Harry but I digress the see you think though in all seriousness that.

We usually say the world is always ready for tough love for the places like Greece and Portugal and Italy when you have to really get down to the -- text.

Contact me.

And and in the give -- the -- Fairly -- not against this ticket is they're gonna try to do that and Democrats are ready.

To to just -- -- but he did.

Well you're rights of others countries those countries that being.

To some extent in front alliance by massive external spending people have been encouraged to try and find -- income from outside by looking for the -- by getting subsidies.

And particularly in the Greek elections I think that that the electorate frankly voted in a childish way they wouldn't accept responsibility.

Not I am looking to the American people to show that they ought to get them -- To show that they -- that parents children to live up to the principles on which this.

Republic was founded.

And to understand that they have a responsibility.

To take responded to tipped it to look off to themselves when that government when you -- contract out.

The defense of your freedom to somebody else.

You know I remember when you took on Gordon brown and he was his -- -- -- -- trying to ignore you at the time.

It was the closest thing to what we have in this country -- -- presidential debate.

And I'm wondering.

Uniform like that it's Mitt Romney and Barack Obama.

What does he do.

Does he address the president directly -- it does it look him in the face and say.

You've compounded this -- does he wait for the president come back and say.

Will your -- is a jolly good one he would signal a good one because actually you're British up but he would he would say.

It's a little which -- you to judge me on spending when Republicans spent a lot of money but another woods how would Daniel and candle that inevitable attack the Euro fine one to say right -- I mean I I was no news at -- all of the previous Republican administration on fiscal questions I suspect I -- in common with some of the people watching it is it is perfectly true to say.

But there is blame on both sides for the mess that the US -- and the question is how are you get out of it.

Now we have four years during which -- to -- has been ticking along scanner and -- guys this is this is not just a domestic program for years right.

If Bolivia goes bankrupt that's containable problem to the US is not Bolivia did it becomes everybody's from it becomes -- problem.

So what's interesting to me is how do you get out all that way you on now or not.

It's not going to be easy the first thing used to be an open and honest about the sacrifices that are required to rely on people's patriotism and -- courage.

And to come forward with a plan and I'm not a you know I was I was listening very carefully took to pull Ryan -- -- He's got a plan you know you might not think it's -- perfect plan but at least it is our road -- To balance the budget to tackle well -- and to get -- that that that that that town -- we know what the alternative is because we've been living through it and before -- And don't always Francine and personal that's a great well -- Toys 'R' Us -- enjoy your time here.

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