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National debt. I believe your answer to that question was focused on the size of the debt in relationship to the economy. The gdp, which i understand. I understand the argument and i understand the analysis. Its something that we talked about a lot in budget circles over the last few years. The the question i have though is does that really justify a budget that continues to frankly borrow hundreds of billions of dollars every year . And to spend that money in an effort to as you indicated to stimulate the economy, invest in things that should help the taxpayers and the people of america, but ...

The president s executive actions that he took late last year would improve the prospects. What period of time . Over the over the life of the individual . Youre not counting the times that these individuals would be drawing their benefits, mr. Donovan. Youre counting a shortterm window in which they would pay in, creating a shortterm surplus of money or additional flow of money, but youre not counting when they draw out. Its going make the Social Security hold deeper. Its going make it harder for us to save Social Security and medicare and you know it. And youre suggesting to the American Peo...

these days as economic and political protests mount across the continent. the downward spiral in europe has produced a great debate over the virtues of austerity. the idea that government with large budget deficits must reduce these deficits mainly by cutting spending. if they don't get their spending in order, they won't be able to borrow money and will face a fiscal nightmare of ever rising interest rates. the problem is that as governments have cut spending in very depressed economies, it has caused growth to slow even further. do you see government workers who have been fired ten...

we'll begin today's show in europe. voters in france and greece made their anti-austerity feelings known last weekend and stock markets plunged. we'll have a panel on the big picture and what it means for politics in the west. then robert zellik will step down as head of the world bank. his exit interview here on gps. next we go to israel which has anoinlted a king. what in the world does it mean? and, finally, the curious case of the guy who has come to be known as american french fry brother. a cultural lost in translation all the way from china. you won't want to miss it. first, h...

as many regular viewers know, i have been following the tense back and forth with iran very closely. i continue to believe it is the single most dangerous crisis that we confront today. everyone seems to believe that whatever the momentary ups and downs, there is unliable to be a deal between iran and the great powers that will avert war and prevent iran from acquiring nuclear weapons. that's not clear. there is a path to a deal. if, as with any successful negotiation, both sides can come away with something. so what would a deal look like? the united states has long demanded that ir...