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Big group of people, new yorker readers, so smart people. nevertheless, when they hear all these numbers and these politicians, your head could explode. >> yeah. >> what could the average person taxpayer look at? how can they make sense of what can be some pretty complicated arguments? >> well, one thing i think that's important to understand is i do think the panic about the debt is to some degree that. it's panic. the real question with the debt is not so much the absolute numbers. the question is are we growing the economy faster than we are growing our debt. if can you do that, if you can ...

finally, if you thought american debt was worthless, think again. i'll explain. but first, here's my take. the american economy seems to have picked up. the dow jones industrial average is hovering around 13,000, the highest since the financial crisis began in may 2008. the nasdaq is actually at its highest level since the technology bubble burst more than a decade ago. now, stock prices around everything, but data from the economy on the ground is also slowly getting better. jobless claims are down. housing starts are up. things do seem to be getting better, slowly, as i said, but...

finally, if you thought american debt was worthless, think again. i'll explain. first, here is my take. the american economy seems to have picked up. the dow jones industrial average is hovering around 13,000. the highest since the financial crisis began in may 2008. things do seem to be getting better. this is good news for president obama because there's a strong co-correlation between economic growth and a president's prospects for re-election. the unemployment numbers are still pretty high, but they are also falling. also, many models issing that unemployment is not the crucial s...

been an opposition stronghold in the west of that city for the fourth day now. we've seen images of families cowering in basements away from the windows and still that has not done enough. activists say more than 50 people have been killed today alone in this onslaught. we're going to take a listen to what one of these activists has to say, but i have to warn viewers it includes the image of a dead child. take a listen. >> he was only about two years old. he got bombed in his house. this is what the u.n. has waited for. this is what the u.n. has waited for. they kill all the children...

If you make more than a million dollars you pay at least a 30% tax rate. where does that money go? >> reporter: the president on his watch added $6.4 trillion. that's the equivalent of adding south korea and germany to the debt load. it goes towards interest cost on the debt. if you raise tax on the $1 million to $10 million 50% you are not even going to pay half the interest cost on the debt. so the question is raising taxes on the upper bracket, how will that create middle class jobs and you have 1.9 million net jobs lost on the president's watch. i understand he was filling potholes in the ...