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Paul Ryan sense we have two to three years and he we don't change course we will end up like Greece he -- the president's budget takes is down on the European road to crisis.
Michael -- -- thanks for joining us again is it that bad.
It is in date that -- Look at the accumulated debt and look at where we are with the trend.
If you pull the budget and look at the historical -- -- and look at what has happened with the nation's debt.
Over the last few years go back to 46.
And a prayer we were as a came out of world war two and all of those terrible -- forward.
Stuart we have added five trillion dollars in -- three years.
This administration has been on the spending binge that we cannot sustain it is time to do some serious debt reduction.
You know that pump comes from Ryan says -- in ten years from now if we follow the president's budget proposal.
The debt will be 26.
Trillion dollars that's exactly right and we will be paying a trillion dollars a year in interest alone which I believe -- -- of twenty billion dollars a week.
That he says is -- tipping point at some point lenders say no loss you're not gonna get any more money up go interest rates down goes the economy.
Well and the other point of this -- policy theory why he's making these points -- other point is this look who owns this today.
Right -- China announced 25%.
European twenty UK seven -- as an entity owns 5% of our publicly traded debt.
And -- I think you come in with Brazil now at what pulling -- With all of this money that we're sending out to them on a daily basis you know we write a check for a 119 million dollars a day to China.
A 190 million -- to China right -- so.
Paul Ryan is right in your opinion we are not at crisis -- we've got a technical -- for -- you agree with actions esta okay thank.
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