zero. you put those things together, you will have selloffs and you will think maybe next year we ll have maybe not a recession but the economy will slow down. and i will say this. when economies slow down, people get scared. look at the markets. we can have anxiety looking at the markets drop. when we talk about this issue of debt, that s a big topic of conversation. it will be a topic as well when congress comes back in session. the fed is putting a ton of money. we have balance sheets we have never seen like this before. can we get through that without a little pain? let s talk about the debt picture. if you look at household balance sheets and how much debt they have got and wait costs to service that debt and look at corporate balance sheets, the debt on company balance sheets compared to their cash and assets, those improved a lot.
billions from poor people and gives it to richer ones. i m talking about america s biggest government programs social security and medicare. now, i know that is head spinner people love those programs, liberals like professor mark lamont hill says thank goodness for social security. they allow the elderly poor a decent life. but the author of red, blue and broke says liberals miss the big picture. what do you mean? it s getting bigger all the time, it s the debt picture. young people are struggling to find part-time jobs but they are paying for the social security and medicare benefits of current retirees and will be doing so. john: they are retirees. that is what the young people supposed to do. you have people paying today for the benefit of people who have had a better standard of living and wealthier than they are. there is inequity.
people love those programs, liberals like professor mark lamont hill says thank goodness for social security. they allow the elderly poor a decent life. but the author of red, blue and broke says liberals miss the big picture. what do you mean? it s getting bigger all the time, it s the debt picture. young people are struggling to find part-time jobs but they are paying for the social security and medicare benefits of current retirees and will be doing so. john: they are retirees. that is what the young people supposed to do. you have people paying today for the benefit of people who have had a better standard of living and wealthier than they are. there is inequity. john: when you say they are wealthy yes, sir, people 65 and older have a net worth of $170,000. 35 and under less than $4,000.
billions from poor people and gives it to richer ones. i m talking about america s biggest government programs social security and medicare. now, i know that is head spinner people love those programs, liberals like professor mark lamont hill says thank goodness for social security. they allow the elderly poor a decent life. but the author of red, blue and broke says liberals miss the big picture. what do you mean? it s getting bigger all the time, it s the debt picture. young people are struggling to find part-time jobs but they are paying for the social security and medicare benefits of current retirees and will be doing so. john: they are retirees. that is what the young people supposed to do. you have people paying today for the benefit of people who have had a better standard of living and wealthier than they are. there is inequity.
billions from poor people and gives it to richer ones. i m talking about america s biggest government programs social security and medicare. now, i know that is head spinner people love those programs, liberals like professor mark lamont hill says thank goodness for social security. they allow the elderly poor a decent life. but the author of red, blue and broke says liberals miss the big picture. what do you mean? it s getting bigger all the time, it s the debt picture. young people are struggling to find part-time jobs but they are paying for the social security and medicare benefits of current retirees and will be doing so. john: they are retirees. that is what the young people supposed to do. you have people paying today for the benefit of people who have had a better standard of living and wealthier than they are. there is inequity.