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Bowles. >> what's clear to me at just glancing at it if we don't restore some fiscal sanity around here, as a nation we are going to go broke. i know that's not a word people like to use but it happens to be true. we face the most predictable, economic crisis in history. and if we stay on automatic pilot, the debt we are accumulating will be like a cancer. it will definitely destroy this country from within. >> bill: wow. what an amazing statement and one that should trouble every american. again, the president appointed mr. bowls, a democrat to investigate the nation's debt and he says disast...

Debt. right now, $13 trillion in the hole, the debt expected to pass 14 trillion within a year. it's your money and your future. merry christmas. martha: 47,000 per person. bill: i'm bill hemmer, good morning, everybody, on a monday. martha: you are bill hemmer and it is very nice to have you back, sir, hope you had a nice week. bill: had a vacation. martha: good to see you, i'm martha maccallum, good morning, everybody, the head of the bipartisan national debt commission painted this very grim economic picture this weekend. listen to this: >> what's clear to me from just glancing at it is tha...

President obama's debt commission. take a listen. >> reporter: what is clear to me from just glancing at it is that if we don't restore some fiscal san a tee -- sanity around here as a nation we are going to go broke. i know that is not a word people like to use, but it happens to be true. we face the most predictable economic crisis in history, and if we stay on automatic pilot the debt we are accumulating will be like a cancer, it will definitely destroy this country from within. jenna: peter marisi is an economist former chief economist for the u.s. trade commission. peter he said it's a ca...

>> no, it's not because they weren't smart. it's not because they didn't work as hard. it's because they didn't have a platform upon which to stand. >> anybody really think that they didn't get what we had because they didn't have the talent or the strength or the endurance or the commitment, of course not. it was because there was no platform upon which they could stand. be. >> aides to biden say another democratic campaign is passing out the knnock commercial to discredit biden. that's true. they also say it wasn't conscious plajism that he's been under great pressure preparing for bork hear...

They didn't get what we had because they didn't have the talent or the strength or the endurance or the commitment, of course not. it was because there was no platform upon which they could stand. >> aides to biden say another democratic campaign is passing out the kinnock commercial to discredit biden. that's true. they also say it wasn't conscious plagiarism that he's been under great pressure preparing for bork hearings and that night he was just on automatic pilot. september 12th, 1987, did you catch an toward the end from ken bode, the nbc news correspondent? he said aides to biden say an...