00:00:00
the US debt is probably the most
00:00:02
important problem the US faces at the
00:00:04
moment I don't know when a crisis is
00:00:06
coming I know it will come in the next
00:00:08
10 years with high probability I know
00:00:10
the debt is going up it's going up to 30
00:00:12
40 50 trillion dollar we don't quite
00:00:14
know but it is something that should
00:00:16
scare us when the crisis comes it will
00:00:18
affect Banks it will affect our savings
00:00:20
it will affect mortgages and will affect
00:00:22
the rest of the world Americans will be
00:00:24
measurably poor when the debt crisis
00:00:26
comes I think at this moment we've
00:00:28
benefited and we don't even know how
00:00:29
much we benefited from being able to
00:00:31
borrow from the rest of the world
00:00:33
because they trust us they trust the
00:00:34
federal government they're willing to
00:00:35
lend to us at 3 4% that has made our
00:00:38
mortgages cheap that is in serious
00:00:40
Jeopardy it's the prosperity of the Next
00:00:42
Generation I think that's the biggest
00:00:44
concern we have and we should address it
00:00:46
and I am sned to see the politicians are
00:00:48
not doing this in this campaign and they
00:00:50
probably will not do it in the next
00:00:51
Administration
