i don t want to sound like chicken little but demographic is destiny, baby boomers are in retirement, social security and medicare are going to go bankrupt,er skin bowl er skie e tell you every dime consume willed go to medicare, medicaid and the interest on the debt and the higher the interest rates will start going which will make interest on the debt payments explode. that s already the biggest spending program. interest. yeah. yeah. we are going down the fiscal drain and republicans better wake up in washington. and we re fighting over tweets in washington. robert costa and jake sherman, thank you both. still ahead on morning joe, we ll go live to the white house for new reaction on our top story. top official rob porter is apparently still on the job with
maybe we ought to start putting solar panels in some of these remote villages in small towns, so that they would have some self-sustaining in the future. puerto rico is has an outstanding debt largely owned by bondholders and traded by hedge funds in the distressed debt market, i think it s around $70 billion. will there be voices in congress calling for some cancellation or forgiveness of some of that debt? this voice has already started that, by saying earlier this morning that they ought be cutting some slack on their debt payments. promesa, the board that was set up to oversee the finances, they are first in line for all the debts, but with this tragic, humanitarian crisis, the bondholders are going to have to give some give in this situation. you would think so.
maybe we ought to start putting solar panels in some of these remote villages in small towns, so that they would have some self-sustaining in the future. puerto rico is has an outstanding debt largely owned by bondholders and traded by hedge funds in the distressed debt market, i think it s around $70 billion. will there be voices in congress calling for some cancellation or forgiveness of some of that debt? this voice has already started that, by saying earlier this morning that they ought be cutting some slack on their debt payments. promesa, the board that was set up to oversee the finances, they are first in line for all the debts, but with this tragic, humanitarian crisis, the bondholders are going to have to give some give in this situation. you would think so.
cash cow, but mismanagement has led to declining output in revenue. we assess the venezuelan government will struggle to contain inflation, make debt payments, and pay for imports of scarce basic goods and medicines. mexico s government will focus on domestic priorities to prepare for the 2018 presidential election while seeking to limit fallout from strained relations with the united states. public demand for government action against crime and corruption will add to political pressure. as cuba heads into the final year of preparations for a historic transition to a next-generation leader in early 2018, the government s focus will be on preserving control while managing recession. cuba, which continues to use repressive measures to stifle human rights and constrain democracy activists, blames its slowing economy on lower global commodity prices, the u.s. embargo, and the economic crisis
led to declining output in revenue. we assess the venezuela government will struggle to contain inflation, make debt payments and pay for imports of scarce basic goods and medicines. mexico s government will focus on domestic priorities to prepare for the 2018 presidential election while seeking the limit fallout from strained relations with the united states. public demand for government action against crime and corruption will add to political pressure. as cuba heads into the final year of preparations for a historic transition to a next generation leader in early 2018, the government s focus will be on preserving control while managing recession. cuba, which continues to use repressive measures to stifle human rights and constrain democracy activists blames its slowing economy on lower global commodity prices, the u.s. embargo and the economic crisis