[inaudible conversations] host Michael Tanner nice to be with you. To date we will discuss your book going for broke. We will start to talk about what prompted you to write this book . Guest one thing that has frustrated believe these people stopped paying attention to the debt crisis that they think we have beaten it because the deficit is down a lot in the last couple of years than people think that will solve the problem but the reality is we are in a very temper revel and within a year or so below sea the deficits go back up as we add to the debt every year we have not even begun to see the problem ticket with medicaid and medicare and Social Security start to add up and if we dont start to act now while the sun is shining we will be in trouble when the rain starts. Host what does through the numbers. People probably dont understand the difference so what does through the numbers with those fiscal metrics. Guest the dead is a much more we spend then retaken with revenue that is abo
[inaudible conversations] [inaudible conversations] hello everyone. Welcome to the powerhouse arena. This is your first time here i would like to say that this is the arena portion of our evening which is to say we have a great event for you tonight. We regularly have awesome events but we are very excited for this one, the book launch of the happiness industry with will davies and simon critchley. Neither program is going to feature a talk and then a q a session followed by a book signing and i do want to say if you do have a question when the time comes, raise your hand. I will come to you and you can talk into the microphone. If you havent noticed we have a few cameras rolling right now. If you dont lead the glamorous life like i do and you are not used to the cameras. I want to briefly introduce our author. Will davies is a sociologist and local economists. His writing is. And reviews prospect of Financial Times political quarterly and the daily beast. Hes an associate editor at re