Master Card Bill News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> ouch. okay. gary b, some people arc you we can spend as much as we want because we can print as much money as we want. it comes down to, we have to pay the debt the interest on that debt. >> union pointed out the size of the debt, it's the highest since world war ii. it's doubled since 2007. you are right. we got a debt that's 100% of the gdp. that itself the not the biggest problem. the interest payments are increasing. we spend 2.5% of gdp on interest payments. if interest rates incress, that could take off. that could be 5, 6, 10%. that's a waste of money. think of when have you your mas...

Is, as that bill comes up, that master card bill comes up, in a few years, interest spending alone will drown out everything. he doesn't want to change entitlements and we know we're not going to get any savings there. and for all david said, spending is still going to go up. the rate of this spending increase might top off a little, but that's still going up. across the board, you're right. nothing's changed and that's why we're going to become greece. >> jonas-- >> if i might clarify my statement, brenda, what i was saying was that the cuts that were agreed to in the budget deal towards the ...