Page 4 - Debt Bubble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

I'm not going to. >> one of the biggest entitlement programs has been obamacare. >> social security and medicare. >> social security is not the problem with our overspending problem. welfare and the big increases in the military spending. >> social security and medicare out for what? >> 35%, include all the entitlements, you are right. at some point you take on those programs. i want to see the private sector play a bigger role. medicare is a big problem. why in the world -- medicare for all. >> it will make the debt bubble and the debt problems today look like a picnic.

Taxes go to 0. >> i'm not saying that. when trump came to office we had the highest business taxes in the world. my problem with the democrats in the democrat debate they keep talking how they are pro-worker but so antibusiness. you can't be antibusiness and pro-worker, you can't have jobs without employers. trump is unapologetically pro-american business, they want businesses to be more competitive and american businesses, a small corner grocery store or google, when they do better they hire more workers, pay their workers more. >> in 2014 you made this point about the deficit. we will put up...

Very close to the edge. they didn't have a lot of cushion to get through those hard times, and a lot of that was because the costs of housing, headcare, education, had been rising steeply. but wages for most people have not. so people were taking on debt to compensate. so basically, you know, fast forward a few years, you have the financial crisis. she has been watching this huge debt bubble expand. a lot of it ended up being in real estate. she saw exactly what was going to happen before the rest of us did. >> in your piece you write one of your colleagues recall bumping into her on a flight ...

Those statements in the past from the two, three, four, five years ago would show he was not a fan of quantitative easing. he was concerned that some of the actions of the central bank had blown a big debt bubble and there could be a nasty correction in the markets when that debt bubble began to be hit by financial banks and people started to pay attention to that. so when you look at the statements from the past, you can see he was a pretty good forecaster for what we're seeing right now. the question is, what is he going to do about it? >> and, at the same time, to both of you, you have repu...

It's going to affect car loans and variable interest rate debt and mortgage rates. this is still a window for consumers to enjoy those very low mortgage rates. >> the central bankers came in as the fire brigade to put out the fire, hoping the policy makers and the politicians would build a new house and they didn't. we're left with the same rickety old house with the fire brigade almost out of the water. >> it's a whole lot stronger, the house. >> the fundamentals of the global economy really aren't stronger. why is that debt still out there? the governments that were supposed to do all this w...