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That. that is interest that our country pays on our day every day. >> even by. >> we can't keep borrowing ore we'll be like europe. this is not a classroom exercise. look at wuper and see what happens if we continue down the path that. is a place we don't want to g. >> the budget director puts the bilk on medicare and medicaid and social security. >> they will drive federal spending up faster than our economy can grow . revenues will not keep up . so we have a problem. if you don't have enough revenues to pay for the spending, you have to borrow and on the track that we are on. if we go on doi...

Through $3 billion of your tax as day. social security is close second at $2.5 billion daily. military programs come in at 1.8 billion daily. but economists say most concerning is the interest on the debt. right now it is at $854 million a day. and as interest rates rise that number goes up, creating potential snowball effect of creating more to borrow more. >> this is not theoretical. this is not a classroom exercise. you look at europe and see what happens if we continue down this path very much longer that is place we don't want to go. >> reporter: primary driver of all the debt spending, m...

Day we don't get anything for that. that's $854 million of interest that our country pays on our debt every single day. >> former democratic senator evan bow. >> we can't keep borrowing like this or we will have the same problems that europe is having. that is one of the frustrating things. they are not theoretical. that's not a classroom exercise. you can look at europe and see what happens if we continue down this path very much longer. >> alex rid man bill clinton's budget director put the bulk of the spending problems on the promises to medicare medicaid and lesser extent social security. ...