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U.S. Debt Reaching Greek-Like Proportions

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  • Description

    FBN’s Gerri Willis on Washington continuing to spend despite the mounting debt crisis.

  • Duration 0:53
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Hello everybody I'm Gerri Willis our national debt is reaching Greek like proportions officially today our national debt some fifteen point 58 trillion.

Larger than the total output of our economy for the very first time.

Reminds you of Greece the country that defaulted on its debt.

Just a little bit and yet while our Rome burns congress is continuing to spend money is -- they had so.

The student loan interest rate -- will cost six billion dollars a bailout of the US postal system will cost another eleven billion.

That have bipartisan support to then there's the president's program announced not too long ago to write off mortgage debt.

That could cost upwards of a 120 billion.

According to analysis by Reuters.

In all it seems like Washington has learned nothing at all from -- it's Europe's debt woes and is happy to blithely continues spending -- someday we default to.

Shame on them that's might.

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