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Well finally the president focusing on our sixteen trillion dollar debt only one problem -- our president.
This president however a lot of welcome mobile Cavuto went ahead of the final foreign policy debate fox on top of this not cracking.
Well our number.
Maybe he has our number a rams president now questioning how long America can remain the world's number one power.
But with such massive debt so if he is getting -- and reminding the world about it what are we going to do about it is it time to start.
Worrying about a real -- -- -- -- so.
National security threat that sends she's the plants.
Would that they get McDowell dig in just moving if you could easily have been had you.
I'm so happy as he did it right moderate -- basic cable folks looked to be the next thirty minutes those are -- -- you.
We got I'm not.
And step on it welcomed all right Ben Stein on.
But I like to clos look what are quite from jets for a second guessing us wouldn't make it.
Well he's ends and that is a fruitcake but on this particular instance and dozens and he's right I mean we -- national debt is so large it is a national security threat the reasons of national security threat is one it makes us look stupid and implement.
Too it makes us look at that we can control are investing.
Three if somebody is gonna require us to cut our defense -- you've got to pull ourselves together and act like statesmen about I mean it's just it's gone way too long this is just ridiculous.
You know -- and obviously what he's trying to do is deflect get a good quit paying attention -- armed missiles.
And and look who's judging us cut a deal and -- look at these clowns around.
To -- -- extent but if we don't heed this warning I don't know what it will -- because as a nation.
I don't think an upset this all along I don't think that until Americans feel real pain and some way.
-- is significantly higher interest rates whether it's double digit inflation which we had in the seventies and the 1980s.
-- we will decide to actually do something about this I don't know what it's gonna take maybe is gonna take.
Us not being able to defend ourselves maybe it will take some sort of national security crisis where we just don't have the money to protect the nation at some point.
When -- don't even notice that this guy isn't really bed Dresser.
Well I think you're -- appear before the United Nations but it killing at a -- time I think he's just an evolutionary Iranian -- statement it is you know I don't know what he he -- members only jackets as well I've seen the -- -- -- -- got to let -- cosmetic but -- -- because it just it just distracts -- this and I understood.
They I don't think there's much that this guy says that's that makes sense the bottom line is this.
We are still the -- midget in the room when it comes to.
Behind it -- how reassuring is not.
I'm just on it and salute as long as that is maintained and it's gonna be maintained for awhile.
-- it is going to be no institutional pressure from the markets for us to change.
All of course we -- the fiscal cliff coming up which is mandated by law if they don't if they don't you know come to a deal you get massive cuts.
But I'll tell you unless unless the markets change.
There's going to be no outside pressure for us to change.
What we -- -- a lot more about cliff thing the -- what do you make of just.
This guy calling us -- sort sort of saying look at verifying one to judge the security of the stability of any nation.
I mean I don't think she should be taken any tips from this guy come -- you guys and me.
We'll look at Iran.
Their their currency is down 30% against the dollar since Obama got to office the unemployment rate among young Iranians is one in four.
The Financial Times to bring this summer when that's about one -- -- -- hot.
Causes -- c'mon what are you want insider reported this summer theater -- I -- I don't think there -- 25 where the -- for children.
None of it bit with the Financial Times reported this summer that one in nine checks that gets written in Iran bounces.
I mean that their -- -- reserves are drying up thanks to the sanctions.
I think I know he's not got disease my family but that if let's -- it -- -- such a bad -- -- -- -- I just hope he's not I just hope he's not watching the -- and get a good business advice the singer that economy collapses the better.
-- then it it's.
Does raise a national security issue because senator Dick Cheney and -- had -- and others have talked about.
This idea when you're in real economic.
Dire straits yeah it does hurt your credibility around the world -- to Charlie's point.
As bad as we are the rest of the world is -- It hurts our credibility and -- a but also makes people think it's tumbling down the road they're not going to be able to save this enormous defense establishment.
We'll just wait them out and then when they're no longer -- -- Then we'll go after whatever prize -- lot.
I mean listen I think the economic things what really is -- to me I mean we're gonna have to work and they're gonna probably raise taxes to deal with this stuff.
You know I think it -- pres Obama gets elected over and I think I hope not -- well then it's been argued his Republican battleground that's it's an amateur did little to -- but I I think that is going to be one of the worst things for this economy I think if that happens and we start raising taxes without I'm not talking -- plugging loopholes I mean really raising marginal rates on.
A family of four that makes 200000 dollars and -- along which is hardly a billionaire.
As the president likes to call.
I think that's gonna really slow -- the economy I think we're in this country we're gonna have to get used to 10% unemployment as like a norm and.
Not only are we bulls were not demanding that congress and getting that our lawmakers do something about this -- -- two thirds of this sixteen trillion dollars is a loan by US investors it's owned by.
It's owned by -- those security plus five.
There we're essentially we are the problem we as a nation and are the problem interviews and -- news source yes -- -- -- -- so I don't I don't -- I'm Olga has less than 8% the national debt doesn't that -- Is it took it that includes the veterans are now -- thirds of that that's bad is is US and that's okay -- that I had -- Lives and that is because it would look at the don't want it -- want to buy it and we and -- and -- private.
Happened gets funneled back in the Treasury's latest and the -- -- will buy this game come.
There's no that's what is -- that sort of -- get a.
My client it's a -- is not saying anything dollar means I don't have and those -- -- and I think that that is a good working its investors but -- that's bad.
The workings that's what I just -- I don't think.
This is about to -- a point it's a scam.
Did it it's ours and yeah exactly what do you make of that better he -- -- -- -- -- to let you know the world is on to navy are Ponzi -- We're onto our Ponzi scheme but it seems have been lurking what is has been working it's been going to move it.
Now the -- -- like waiting for the great financing to know when it doesn't but how long how far off do you think that they reckoning has ordered or do we just put on capitol put off and then -- -- I'll tell you what it's a long ways off and I'll -- you know it's not a long -- all kinds are rock went along with.
It's is some kind of a bad economic collapse based on treasuries the treasury bubble bursting.
I think really dig in and that definitely look at what is our long legs off I always hear the long ways off a long -- -- -- ultimatum hungry look and feel like tonight look at.
Look at look at Japanese.
Interest rates after the last twenty years -- you know.
People here that's one Kennedy's buddies and they -- -- sure it's clearly there are plenty of time didn't -- and 200 homes they let you know I've done.
As -- as drop sounds as reassuring.
As Joseph Biden saying Iranian threat is -- good four years off.
Canada -- -- an Iranian economic collapse is only about six months -- according to some -- does the -- indicator and unemployment there at 25%.
Among young people that.
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