this is the take away number that americans don t understand that they need to understand. we have total obligations over the next generation of $54 trillion. i m going to say it again. $54 trillion. right now, washington can t come to a deal to cut $2 trillion off the national debt. $54 trillion. what does that mean to us over the next generation? it gets considerably larger than that. it s four times our annual output. it s unsustainable. debt of 150% of their annual output. so, this is why i say, this is urgent. okay. we are operating on borrowed time. we are operating on borrowed time, yeah. and it s having a negative impact on the economy. i believe the threat of higher interest rates, higher taxes that is implicit in the deficits is presenting the job growth we
wendys. we have weaponized our food. isn t there some bless comprehensible theory that makes it sound like it s not our fault. i think obesity is going to be environmentally related. there s interesting unpublished research. are you saying it s us eating environmental peptide nutrition crunch? i think it might take a new generation of americans. michael brown could be the largest baby ever born in texas. we are going to need a bigger baconator. take a look at the morning papers. that baby is so big! the dallas morning news. a north texas water park dumping 2,000 pounds of ice in the pool.
for americans that don t follow the numbers closely, medicare, under the most likely scenario adds another $35 trillion to our national debt, to our obligation? to our obligation. they are obligations. if you put it all together, you see a picture of $54 trillion of obligations that have gone up by that have gone up from 17 trillion ten years ago. look at the tiny blue bar. that s the gdp. that tells you with a gdp of $14.5 trillion, every one of us would have to work for free for four years simply to meet the obligations to put the $52 trillion in the bank that is required if we funded the programs in order to pay for them. here is the great news. even if washington gets its act together and does something that most people consider
class americans but middle americans and people making $250,000 to $400,000 a year that don t pay 16% tax rates or 0% tax rates. claire mccaskill is up for re-election, she s in missouri and talking like a lot of people in missouri and around america. there s a reason missouri is a swing state. most persons say social security, medicare, medicaid, they are going bankrupt. close the tax loopholes. i agree with that. what you said, no one, including the president proposed raising tax rates right now. the president is raising the rate on the upper he s still talking you know, one of the things, john boehner has not gotten enough credit to being open to the deal on a political basis. the bush tax cuts are set to expire in 2012.
department considers where you add in those who have given up and those underemployed, that number has almost doubled. we ve not had movement in congress or anywhere else for that matter trying to generate and create opportunities for americans to go back to work. why? i think we get into washington, somebody begins to talk about one issue that is supposed to be important. all of a sudden, all of you are energy goes to that. we are talking the debt ceiling, all day, every day. we are not, i don t think, thinking about the fact 16.2% of the american population is unempl unemployed. if we had 16.2% unemployment with tv news hosts and tv morning show individuals, it would be terrible. a disaster. no question about it.