we do it every day, believe me. this is how you finance that kind of debt. $82 billion. we re coming up as a shortfall each year. so we need to figure out how we re going to get that money and we do it via treasury auctions and for example there was a treasury auction that happened today, $16 billion worth of treasuries were sold on the open market. these are 30-year notes and what we found was that the yields went up slightly which meant it s slightly more expensive right now for the u.s. to borrow money than it was say last week. so it s small, an incremental increase, but when you look over the long haul and i ve done this and i m thinking to myself how on earth are we going to get out of this situation? there is no real path to any kind of conserving of our funds. when you look at the additional entitlement programs, social security is going to get worse. we have health care now. these programs are going to cost billions, trillions of dollars and there is no real way at this poin
shrimp, crabs, and oysters? it s getting bad. the supply is getting very low on getting shrimp in. oysters, today is our last day probably for oysters because the supply is so low. crabs, just a very low supply. reporter: so to the customers here in your shop, what does that mean right now? it means the çprices increa uncontrollably and they ll just have to pay more to get the good louisiana product. and then that product not only is sold in louisiana but around the country. is this going to be felt in restaurants around the united states? it is going to be felt up the east coast definitely where a lot of these crabs are shipped to, a lot of the oysters are shipped to, yes. what is it doing to your business and you personally? it s hurting and slowing us down. reporter: this is a volume business, correct? correct. we need to sell volume to make money. reporter: you re not getting volume because of the oil. we re not getting volume because of the oil. reporter:
at least we get the bad news from you. at least you re smiling. should we be concerned? yes. we absolutely should be. look at what is going on in europe right now. we may say okay. that s europe and we are the usa but the reality is our situation isn t entirely that different than what we re seeing in europe. greece, they have a debt-to-gdp ratio of 115 plus percent. that is higher than the u.s. but the u.s. is higher than portugal. portugal is expected to be 85% this year. and higher than spain. so the reality is as bad as things are in europe, lately, alex, people have been looking at the u.s. as a hedge. i ll put my money in u.s. treasuries, because i don t want to put it in europe because i m too scared. but at some point they re going to start to realize that we don t look like we have much more fiscal prudency than say europe does. so what does this do to our ability to borrow money? is it something we try to do every day?
money from pakistan through these currency exchanges, money couriers that are commonly used in the middle east to move money around. and so this is an investigative series of searches today. in watertown and brookline, two suburbs of boston, in southern new jersey, in camden and cherry hills and on long island in new york state in centereach and shirley all designed to look at where he says he got money and to then try to answer the question, which i m told authorities don t know the answer to, and have no reason to think one way or the other right now, which is did the people who helped him get money from overseas know that he was going to try to drive this car with bombing materials into times square? as i say, there is no reason to think that these men that were detained today did know that but that s what they want to try to find out. three that were arrested, otwo n mass and one in maine all pickeç up on immigration charges. thank you.
these searches are the product of evidence gathered in the investigation since the attempted times square bombing and do not relate to any known immediate threat to the public or active plot against the united states. i share that information just to indicate that this is an ongoing investigation and that we are actively pursuing all of those who were involved in it. nbc s justice correspondent pete williams has been following the story since it broke and with a good afternoon to you, pete, it s all about following the money trail at this point, right? it sounds like that s what s going on with the fbi talking to currency exchangers? reporter: without question. he has faisal shahzad has told the fbi that because they wanted to know, where did his money come from? he hadn t worked since he came back to the u.s. in february. he wasn t actively looking for a job until shortly before he drove this car into times square. he had an $1100 a month rent, three cars. he bought elements f