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Does Obama Need to Embrace Simpson-Bowles?

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    Former U.S. Comptroller General David Walker argues if Obama embraces Simpson-Bowles it would be an election game changer.

  • Duration 1:20
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-- he did last week.

It -- the former US comptroller general.

Who says that this 63 dollar debt figured today.

And it -- -- -- -- back it's not even a fraction of the business.

No it's not really weekend we're in the seventy plus trillion dollar hole -- -- debt debt we have -- unfunded pensions unfunded retiree health care.

Unfunded Social Security's unfunded Medicare.

A range of other commitments contingencies.

It's over seventy throwing -- won't buy ten million minutes and it's really spun out of control.

Since 2000.

Particular 2000.

So.

You can't put your way out and you -- at least grow your way out of it.

Wait -- they've had the better.

Sense of how you do.

Too early to tell you know it's going to be -- seen whether or not -- prominent place -- Simpson -- If he embraced it hasn't yet he hasn't but if he does in his speech that could be a game team.

There is however would it be a game very well because it is putting everything on the table it's putting Social Security in the table Medicare Medicaid on the table.

Defense of the table taxes on the table.

-- -- -- -- One serious problem and one moderate problems serious problem is it doesn't effectively deal with the healthcare costs.

And if you don't effectively deal with the healthcare costs you don't solve the problem and secondly it's a little heavier on revenues the.