Detailed text transcripts for TV channel - FOXNEWS - 20130318:03:37:00
$6 trillion of debt in four years. so we are at a very critical path and what is difficult for people to understand is the acceleration of interest payments. the president's perspective is as long as we can make our interest payments we are doing fine but the challenge is right now we pay $224 billion a year just in interest. cpo estimates within ten years we will pay $857 billion in interest. that is more than we paid for the entire war in afghanistan across 12 years. we will pay in one year just in interest payments within ten years. this is very serious. we do have to deal with this. >> mik...