debt of the united states will be 76% of g.d.p. we didn't -- we slowed its growth but we haven't sent it downward. the reason is because, look, discretionary spending is 37% of the budget. interest is 5.4%. and 57.7% is mandatory spending. things like medicare and medicaid. this is what obama said is off the table for discussion. we have got to focus on the 37% of the budget that is discretionary and most of that, two thirds of that is defense spending. so, until the president gets serious about tackling entitlements, the world is not going to have confidence in america's getting its fiscal house in order. >> bill: look, this is now coming to critical mass. we can't sustain damage like we sustained today economically much longer. we just can't. the president came out today he gave a little speech. 10 minutes after he gave the