year we see ads for replacing victorian sewers, they had quite a bit of time to do it. the problem is they arejust bit of time to do it. the problem is they are just living sewage and water, but they are leaking cash. what you ve got is a debt level of £40 billion, and about half of that is in an indexed link death, which we all know with inflation going up, that s gone up significantly so it s running out of cash stash indexed link debt. private equity companies have gone in with even more. and that s left them with this huge amount of debt, and we ve got lots more expenditure coming down the line. 50 more expenditure coming down the line. , ., ., ., ., line. so in terms of how we got to this point. line. so in terms of how we got to this point. part line. so in terms of how we got to this point, part of line. so in terms of how we got to this point, part of it line. so in terms of how we got to this point, part of it is line. so in terms of how we got to this point, part o
there is the issue of the debt level which remains high. what there is the issue of the debt level which remains high. there is the issue of the debt level which remains high. what you think the prime minister s which remains high. what you think the prime minister s economic- which remains high. what you think| the prime minister s economic plans will look like going forward over the short and long term? $5 t will look like going forward over the short and long term? as i said i think it will the short and long term? as i said i think it will focus the short and long term? as i said i think it will focus on the short and long term? as i said i think it will focus on the the short and long term? as i said i think it will focus on the he - the short and long term? as i said i think it will focus on the he will - think it will focus on the he will focus on reform. he will try to be helpful with the economy, he will try to give as many giveaways as the budget allows because he
trying to cut some spending still raise the debt level here. karine jean-pierre says we will not to negotiate on this deal. watch this. i ve been very clear, without conditions we will not negotiate, unless the president and the senate agree to a extreme wishlist slashing education, veterans health care, meals on wheels, taking away health care for millions of americans and sending manufacturing jobs overseas, they are going to default in this economy. martha: robert, is that, what you think? should they come together and negotiate? they are talking about a 1% cut discretionary spending, it s just like a teeny little bit of an enormous budget, not to mention the $31 trillion debt that the country is in. so martha, a lot to unpack. with respect, we know that these 10-year models and variables change every day. i m a little biased to their
plan, and you have not. arlette, what are you hearing from the president about. reporter: he wants to see a clean debt, but kevin mccarthy was hoping that it would bring president biden to the negotiating table, but so far, we have not seen any movement on that front, and chuck schumer said that the bill is dead on arrival in the senate, and the president yesterday just before the bill was passed, reiterated that he does not plan to come to the table to negotiate, but he is open to conversations about the budget. i am happy to meet with mccarthy but not on the debt
up by inflation, but still alarming numbers, and frankly, the credit card debt is what bothers me the most because you know what the interest rates are on those, it s very, very high. and there s a lot of background information that is disturbing about the economy. there are some great things like the last jobs report was phenomenal and inflation coming down year over year and headline, but then the one month inflation rate is higher. we had a big dropoff on the one, but the monthly numbers, .5%, now 6, 6.5% annualized rate. companies are laying off people, debt level is rising, all of this when put together gives you a very disturbing feeling about the future of the u.s. economy, especially when i look at the stock market which has recently been dribbling off quite substantially. so i m worried about the economy. sandra: i m sure this administration has incentive to get this ship righted as we head