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Freedom. forcing the government to live within its means, why isn t anybody working on the $1.2 trillion deficit we re having this year. mark: they are. working to raise it. why aren t they worried about the $144 trillion of unfunded liabilities that the millennials are going to have, that we created by creating programs but never raising the tax base to pay for those. so having general accepting accounting principles, so they can t cheat. omb cheats all the time. congressional budget office cheats all the time. third is shouldn t we limit the people in power or elected to be engaged a short time and come home and live under the laws that they make? and shouldn t we give an unlimited term because they were one time approved by congress as a judge? you know, look at all the ....
Within its means, why isn t anybody working on the $1.2 trillion deficit we re having this year. mark: they are. working to raise it. why aren t they worried about the $144 trillion of unfunded liabilities that the millennials are going to have, that we created by creating programs but never raising the tax base to pay for those. so having general accepting accounting principles, so they can t cheat. omb cheats all the time. congressional budget office cheats all the time. third is shouldn t we limit the people in power or elected to be engaged a short time and come home and live under the laws that they make? and shouldn t we give an unlimited term because they were one time approved by congress as a judge? you know, look at all the judges in semi retirement that don t hardly carry any cases, ....
Here is the balanced budget amendment. it s an 85% issue in america across both parties. this is not a partisan movement. this is about restoring. think about this. what s going to happen to the millennials? you talk about people falling through the cracks. the average millennial will have to pay back $1.7 million over the next 50 years. that s over $30,000 bucks a year. they already have a declining median income. when you say they are doing to have to pay back, because of the unfunded liabilities. unfunded liabilities plus debt now is $144 trillion. people don t know what a billion is. if you make $40,000 a year you have to work 20 years to make a million dollars. to make a billion, have you to work 25,000 years. now think about it. now we know what a billion is. the average american having to work 25,000 years. that s just pocket change to career politicians. ....
bill: tis the season. texas becoming the 11th state to call for a constitutional convention to limit federal government power. the 11 states would need to become 34 because that s the number needed to amend the constitution. we re on that live in d.c. how would this work? bill, the legislatures in 34 states would have to pass a resolution calling for a convention of the states. those resolutions called applications would be delivered to congress which would then set a time and place for a states convention. as proponents see it the convention would realign the balance of our system of government as the founders intended. they say the time is ripe for that. we have 144 trillion in debt and unfunded liabilities. for every taxpayer that s a million bucks. but for the millenials it s 1.7 million they ll have to come up with over the next 50 years. and so we re going down the ....
Government republicanism and a debt on the way to becoming a $30 trillion debt and nobody in washington doing anything about that. can you come back? i can but there s $144 trillion in unfunded liabilities for the millennial generation. that s why i want dwrou come back. a lot of reasons why. thank you, tom. still ahead. matt, thank you. by the way. white house correspondents for nbc news hallie jackson and julie join us. morning joe is back in a moment. my ancestry dna results are that i am 26% nigerian. i am just trying to learn as much as i can about my culture. i put the gele on my head and i looked into the mirror and i was trying not to cry. because it s a hat, but it s like the most important hat i ve ever owned. ....