to 70%. if something does not change very soon, the cbo is warning that the problem could outgrow our ability to fix it. stuart varney of the fox business network joins me now. stu, this report is mind blowing. yes, it is. it is. what you re looking at is a rapid and vast expansion of debt with clear danger signals out there. trying to cut through this and talk plainly about it. for example, our debt is now bigger than china s entire economy. we are, if you spent a million dollars every second, it d take you 113 days to get to the $9.7 trillion that we have just in debt held by the public. and think of it this way, allison, just for a second, put it into very plain terms. if you were to buy a house, you would borrow 80% of the value of the house. well, we have borrowed 95% of
Detailed text transcripts for TV channel - FOXNEWS - 20110705:13:00:00
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Detailed text transcripts for TV channel - FOXNEWS - 20110705:13:30:15
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