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Take a look at that number. it's growing. our national debt climbing higher and higher by the second. while most americans realize the country is deeply in red ink, john stotzel learned few if any have any idea how to fix the debt problem. >> what would you cut? >> i would cut a lot of -- i don't know, to tell you the truth. >> not education. >> not education. >> no. >> that's a tough question e. >> tough question where to make the cuts. >> he says he has a few ideas on how the u.s. can trim the fat. he's here to explain. people on the streets in times square didn't know what to cut. you do. >...

We're on the same side i think on particularly short-term stimulus and austerity and just the need for the government to be doing much, much more to get people back to work particularly in the short term. but the really interesting thing -- and the place where i'm surprised, particularly today on the day of the obama care repeal vote for the 37th time, is the mounting evidence that obama care really is playing a role in the long-term projections of deficit reduction. here's just an example of this is from the center for budget and policy priorities, projected medicare spending which has fallen...

But the really interesting thing -- and the place where i'm surprised, particularly today on the day of the obama care repeal vote for the 37th time, is the mounting evidence that obama care really is playing a role in the long-term projections of deficit reduction. here's just an example of this is from the center for budget and policy priorities, projected medicare spending which has fallen $590 billion out in the future since just august 2010. that's a fairly large amount. if you extrapolate that out into the long term it is even more. that argument that obama care is doing that, why is no ...

Deficit reduction. here's just an example of this is from the center for budget and policy priorities, projected medicare spending which has fallen $590 billion out in the future since just august 2010. that's a fairly large amount. if you extrapolate that out into the long term it is even more. that argument that obama care is doing that, why is no one making that argument? >> two things. one, this extrapolation is super important. whenever you hear about our long-term debt problem, it is all long term health care spending. if you got that under control we're pretty much fine. a lot of that i...

With the national debt but our unwillingness on the republican side to pay for it with revenue increases, tax increases, and on the democratic side the unwillingness to make some cuts in favor of the entitlement programs. we need to do both. president obama in recent months has been offering a compromise saying yes, we will cut some of our favorite programs. you've got to raise some of the revenues on folks you don't want to raise it on. republicans have simply been saying no and then complaining about the debt problem, but the debt problem is a matter of more expenditures revenues and you fix...