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Net worth is $104 trillion according to the federal reserve. the present value of government spending if you just do a discounted -- >> tucker: are you arguing that student debt >> this economy is 1,000 trillion. >> tucker: those comparisons don't mean very much. i don't think your argument with student debt isn't exerting downward pressure on the way people live. it is distorting the society. >> it's helping people to live better but they earn more money. if you look at household net worth and income and look at any measure people more highly educated are doing better than people less educate...

That in context, household net worth is $104 trillion. according to the federal reserve. the present value of government spending, if you do a discounted analysis -- >> tucker: i'm confused. are you arguing that student debt -- >> $1 quadrillion. student loan debt -- >> tucker: smaller than the known galaxy. those comparisons don't read very much. i don't think you are arguing that student debt isn't having -- isn't exerting downward pressure on the way young people live because you know that itle is. it's distorting the society. >> actually, no, it's helping people to live better because they...

Happen. >> you mention the cr and we hear by your account is the 11th continuing resolution since the last budget was passed which is i think officially pathetic in terms of doing one's job, but in terms of the cr, the republicans backed down on the numbers a little bit. tell us a little bit more about that and whether that might be a signal that they could play ball let's say in the lame duck. >> it's interesting. under twhich is the debt limit that was agreed to between president obama and the house republican leaders, the top line number was $104 trillion. conservatives want 1028. the group...

>> absolutely correct. that's a brilliant analysis. and, no, no, but you're right. i mean, if you know what the line is going to be, if you know it's going to be class warfare and know they're going to beat up on you far more than john kerry who is also wealthy and sent the yacht down to other states to avoid taxes and mentioned it once, but didn't hammer away, if you don't get that you shouldn't be running for president. >> jon: the author, jim, is according to brightbart.com, is a hard, hard core leftist and cheerleader for the occupy movie and "vanity fair" didn't point it out. >> this fell...