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Medicare together equal $75 trillion. but that's in today's dollars, meaning you have the money today, in the bank, earning interest. if we delay fixing this program, then the costs only get larger. >> reporter: and that $75 trillion doesn't even count med kaed -- medicaid, health care for the poor and elderly for which states have to contribute as well. that's a growing problem at the state level. and the new health care law mind you will ensure more people in -- insure more people by pushing 30 million into medicaid which will complicate things further. jenna: $75 trillion? jim, why -- >> if...

Entitlement programs, plus the interest on the debt, will soak up all federal revenue, leaving nothing for the rest of government, which is why some lawmakers, jenna, are saying we have to reform these programs now. jenna. jenna: this must have been a really upbeat, fun report to research, right jim? walk away from every work every day feeling optimistic? >> yeah, thinking about trillions and trillions and trillions! jenna: $75 trillion question, and one we need to answer. jim angle, thank you very much. >> yes ma'am. jon: here's the good news, if some of the stuff in this next story happens, ...

For a second day in a row making a campaign stop at unlv this afternoon. president says that is senator reid is a fighter burks you know what, i want to see him start throwing some real political punches and get more of a national press seasons coincide with the president's visit. the rnc is running this new ad for one day only across the state. >> it took thousands of men to erect hoover dam and build modern nevada but it only took two men to help tear down its economy. barack obama and harry reid. they've given us a $175 trillion deficit. a $13 trillion national debt, 14% unemployment for ne...

Conditions and at the same time engage in a serious budget negotiation. i think an impasse or serious threats with respect to default are highly irresponsible and can do great damage to confidence in our political system and also potentially to our markets. the idea of default itself seems to me should be absolutely unthinkable. >> paul, would you agree on the debt ceiling? >> absolutely. you know, when i was secretary, and we were heading into this kind of a crisis about raising the debt ceiling, and i signalled people in the congress, i was not going to do the tricks that treasury secretarie...

Separate matter from the debt ceiling and we should pass the debt ceiling without any conditions and at the same time engage in a serious budget negotiation. i think an impasse or serious threats with respect to default are highly irresponsible and can do great damage to confidence in our political system and also potentially to our markets. the idea of default itself seems to me should be absolutely unthinkable. >> paul, would you agree on the debt ceiling? >> absolutely. you know, when i was secretary, and we were heading into this kind of a crisis about raising the debt ceiling, and i signa...