under george buw. bush deficits were going to go above $500 billion in the single year. now we're looking at deficits three times that large this year. just in the time that one hour of this program tonight from 10:00 to 11:00 eastern time, the deficit is going to go up over $182 million. in just one hour. >> that raises the question, david walker, how much longer before the country goes bankrupt? with these deficits, trillion-dollar deficits as far as the eye can see? >> if you think these are bad numbers, you know, we can look at the $13.2 trillion -- pardon me, $12.3 trillion in debt. then we have another $40 trillion to $50 trillion in unfunded obligations that aren't debt, yet, today but in the future. >> social security, medicare -- >> entitlements. $38 trillion if you will. here's the problem. the federal government has grown dramatically. discretionary spending grown 20% in the last two years. there are proposals to grow government more in the area of health care and energy. the american people know things are out of touch and out of control. we've made tens of trillions of promises we don't know how we're going to afford and government