problem. >> in the order of magnitude we know the problem will be worse. about 60 trillion dollars of unfunded liabilities. the longer you wait the tougher it is. i get the argument the jobs in the economy are still weak and we need to deal with that. that's fine. you can have responsible proposals for dealing with that. larry summers put forward responsible ways to deal with that but we need to put in a framework how we want to deal with it. that's what bothered me that krugman rejected all that and said wait until we get out there and then see what the problem is. like waiting to see after we put a lot of carbon in the atmosphere and see if we can still breathe. >> on behalf of paul krugman, he's arguing against people sitting around hysterically in washington nothing matters but the debt. nothing matters but the debt. he's arguing long term debt matters long term but right now