when president obama leaves office the way it's going now and i believe that the president is sincere when he says it's no problem. what he believes, but he's absolutely wrong. >> as do most economists. >> bill: no, no, he's herbert hoover, that's who he is. he's herbert hoover, he doesn't understand the economy and doesn't understand what's coming. >> that's not true. just for the record that's not factually true, you do realize that. >> bill: and herbert hoover didn't see the depression coming, didn't see that his policies were leading up to the armageddon. >> and that's not the issue-- >> and barack obama doesn't see it either. >> that's a red herring. >> bill: a red herring? >> yeah, you can google that-- >> it's not. it's a historical fact. hoover didn't know it was coming and we all got blasted because he didn't know and the same thing is likely to happen with barack obama. >> i'm not making an argument about herbert hoover. and the argument is whether a balanced budget is necessary for-- >> 20 trillion dollar debt by the time leaves office, that's crazy. >> the question is what kind