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Things when you talk to people on the streets of greece they don't know how the problem has gotten this bad. years and yaes of fiscal mismanagement and a culture of tax evasion here which is across all of sectors of society. and speculation on the money markets, all of these things contributed to a massive public debt. running at 13.6% of the country's gdp. that is a big percentage of the country that -- of the debt that's running. of course now when the government tries to borrow money off the money market it's helping to borrow it at a high interest rate that sun of fobdable. just on may 19t...

It can hit u.s. growth exports, jobs, people are holding up the mirror, saying mirror, mirror on the wall. people are worried about who ultimately pays for europe's rescue. people are concerned about who funds the imf and will the imf have to do a big rescue. ali, speaking of mirror, mirror on the wall, greece's budget deficit to gdp is 13.6%. guess who's budget deficit to gdp is 9.9%? >> ours, the united states. >> some people are saying when you have sovereign debt concerns like this, it just kind of makes you ponder debt situations elsewhere. >> i love the way you describe that, but let me ...

>> people are worried about a double dip, maybe from europe. >> yes, 9.9% of gdp. >> do you know how much has been lost in greece? >> greece's debt to gdp, budget deficit is 13.6% which is just unsustainable. ours? it's 9.9%. that's a little too close. that's what others like. ben bernanke and others are watching. >> it has been over 10, hasn't it? >> yes, it has. >> thanks, christine. >> thanks. detroit, the controversial plan to tear down parts of the city, that would mean one or two homes standing in these areas. some of the people inside say i'm not moving. we're going to talk about why ...

Greece, a 24-hour strike shutting down schools and major tourist attractions in athens. greek leaders have ordered a series of major cutbacks to deal with massive deficits. a new report indicates the nation's deficit has risen to 13.6%. the government may have no choice but to accept a regional support package. something it's rejected thus far. philippines, a cargo plane crashing in a rice field. electrical force the pilots to try emergency landing in that field. the jetblue -- jet blew up on impact. the shipping company u.p.s. reportedly chart ared the plane. united kingdom three candidates f...

Rate of 13.6% for michigan. look at the underemployment. this is one-fifth of that economy not working to its potential. you look at the midwest. yellow, green, this part of the country is doing much better than average. even when you look at south dakota, sorry. didn't mean to turn you upside down. 4.8% unemployment is fantastic. within good statistics you see 9.9% underemployment. that means a lot of people not working to their potential. that's why it is an economy driven two-thirds by consumer spending. if you have a job in this country, average daily spending discretionary is $75 a day. i...