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With? >> yeah, i think you hear democrat leaders saying there are spending problems and surprises to every american. what we should focus on as well is not only that we have the crisis from a financial standpoint. how do we solve that problem? and i look at my personal journey and met an entrepreneur who taught me out to make my way out of poverty of being in business and creating jobs. it'd be nice to have some of our friends on the left talk about job creation and from a regular standpoint and from a tax standpoint. if we did that we'd see our economy start to grow. >> uma: if we continue do...

There, but i think that-- >> nitpick here and there. >> charlie is on to something. and-- >> picking here and there. >> you look at the highest tax rates in this country and look where the most misery is and welfare dependents are in this country and the places where the highest debt level is and have one thing in common and one solution, and taxes worked on and the city and states, boot way, illinois is in trouble, california is in trouble and city and states and municipalities and and one solution to tax people who are successful. forget about the disproporti disproportionality of it. if get...

In 1965 it had risen to $3 billion. in 1929 at the time of the stock market crash it had risen to 17 billion. towards the end of world war ii it was 259 billion. all those numbers pale in comparison to president obama, more than all the president's combined. >> a pretty picture, not so much. bill: some of these warnings now the national debt is nearing dangerous levels. steven moore is here with the "wall street journal." what does it mean that the warnings are there, steve. >> the amazing thing about this debt. i was thinking when i first came to washington which was in the early 1980s, the d...

Whether we raise revenue to deal with the debt. because whether it's medicare or whether it's dealing with the debt level at the level that it's at, without agreement on both sides, we're not going to be able to tackle some of the more difficult issues, tom. >> i think that both campaigns have failed to say to the american public, this is going to be hard. this is a real crisis in america. you look at the imf projections about where the global economy is now. they're saying you have to get your act together. we could be in another recession next year at this time. they've got to level with the...

With the debt. because whether it's medicare or whether it's dealing with the debt level at the level that it's at, without agreement on both sides, we're not going to be able to tackle some of the more difficult issues, tom. >> i think that both campaigns have failed to say to the american public, this is going to be hard. this is a real crisis in america. you look at the imf projections about where the global economy is now. they're saying you have to get your act together. we could be in another recession next year at this time. they've got to level with the american people about everyone's...