Page 2 - Hit Boiling Point News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We're forced to do something about it? >> the problem is, it's a bit like the parabel of the boiling frog. you turn the heat up and it takes a long time and suddenly the frog realizes he's just gotten boiled. that's the problem. we don't know when that temperature is going to hit boiling point. the markets could wake up and do something one day. i don't think that's the most likely scenario. my guess is the markets allow us to keep going like this. and syme in 2020 or something like that, we suddenly realize we have now $25 trillion in debt. >> there's a meltdown. and of course, krugman's argu...

Absolutely. >> there was one guy who wrote some blog, here are 111 -- a -- this is the sort of thing that unfortunately the vast ignorance out there, one guy said here are 11 economists joe scarborough should read, and 9 of the 11 were talking about deficits, short-term -- saying the same exact thing that i say. the same thing that allan blindr is saying we need to worry about short-term deficits. also we can't tax our way out of the problem. it is so big, medicare, medicaid, health care costs, that you can't raise taxes enough to fix this problem. >> look, the basic point here is, it's a huge...