what they do say that s positive about the economy is consumers continue to spend and that the unemployment rate has declined substantially the jobs market is on fire. they are also selling some of the investments they made $8.9 trillion worth of securities during covid to help the economy. that will start getting sold by june 1st, and it s important to know here no dissenters on the report. let s talk about what it means for you and me and everybody else in this country if you have variable rate debt. credit cards and adjustable rate mortgage, maybe trying to get a new mortgage. cost for all of those loans will be higher, it will cost you more, and seniors finally getting a break here on some of the savings things they use, cds, high yield accounts, going up slightly. back to you. john: a little more money in their pockets but a lot of money out of other people s pockets, as interest rates go up.
the obama administration was up to no good. how many of you people want to pay for your neighbor s mortgage that has an extra bedroom and can t pay their bills raise their hand. president obama, are you listening? are you americans listening now. things are worse now than they were when centrally made that way. back then our national debt sat at $8.9 trillion, today buckle up, it is $28.4 trillion and growing exponentially. it is time for a new tea party type movement to form, to organize and fan out across the country on issues ranging from critical race. the masks in schools we are seeing sparks of activism. this kind of stuff is poison. this will turn this country apart if it becomes part of our fabric. just because i do not want critical race theory talk to my children in school does not mean that i m a racist, dammit!
i think we should employ successful people. harris: alexandria ocasio-cortez responded in a tweet. y all, the billionaires are asking for a safe space. you know, in addition to the entire u.s. economy and political lobbying industry. the power panel back now. leslie marshall, syndicated radio host, fox news could you do. lars larson, europe first. your reaction senator warren doesn t want to be honest and admit her plan will require the taxing of the middle class. even senator sanders is being honest about that. let s do the math on this. there are about 2100 billionaires in the united states. which is extraordinary. it shows the success of our country. their collective wealth is about $8.9 trillion. if you took every single dime of every bit of wealth of every single billionaire in the united states, it wouldn t even pay for one half of senator warren s plan.
rejected by their mother and so blake, the australian shepard. blakely, i m sorry. provided snuggly and comforts. blakely does this for all animals that are rejected, including warthogs, skunks, foxes. sometimes bob beckel. in six months, that tiger will eat that dog. dana: pretty cute. when you say have children leave the room. a greg: i just like watching children leave the roo. eric: earlier i alluded to this. give me a couple seconds. this is really important. the gdp versus the debt. gd per, the last ten years, gdp increased to $18.9 trillion.
weakened stock. we ve got new revised gdp numbers that give us the sense of the health of our economy, especially vis-a-vis debt. what does it tell us? i think things are getting better. this is largely backward-looking. however, it was better than expected. gdp was 1% versus expectations of 1% growth which still isn t not great. talking about 1%. look at the fourth quarter gdp at 14.5 trillion. we re did growing and we have grown but it s a very slow growth story. speaking of not slow growth story, we re going to throw up a figure of the debt. we just saw the growth of gdp about 3.6 trillion. our debt over that same time period, 8.9 trillion. how long can we sustain that? this is one issue.