a president who a candidate who said he was going to eliminate the national debt and in fact, he s done pretty much just the opposite going from 19 to $22 trillion in record time, trillion dollar budget deficits. that s not the only debt. we are a country awash in debt. we ve got a former bond trader yourself, we ve got 9 trillion of corporate debt. okay? we ve got trillions in student loans. we ve got trillions in credit card debt. trillions in auto loans. we ve got so much debt we are awash in, that this is bound to cause a serious problem in the near term. we talk about the importance of entitlement reform in an abstract way. when it comes to actually touching social security, there are a few lawmakers with the political will to do so. now that we see more and more baby boomers retiring, how much bigger is this problem going to get. is that playing a role here?