Page 19 - Record Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

More money than we have even hits the super bowl air waves this weekend. much of that debt is money we're borrowing in part to cover all the promises made to seniors in programs like social security which their children and grandchildren will have to pay. >> young people in particular have a stake in the outcome of this debate, because their future is being mortgaged at record rates. >> reporter: in fact unfunded promises to social security and other entitlement programs are now more than $60 trillion, which weigh on the economy and infuriate populists, among with -- along with their favorite ...

Super bowl ads this weekend. >> it stinks. >> much of that debt is what we are paying in part to cover all the promises made to seniors and programs like social security, which their children and grandchildren will have to pay. >> young people in particular have a stake in the outcome of this debate. because their future is being mortgaged at record rates. >> in fact, unfunded promises to social security and other entitlement programs are now more than $60 trillion, which weigh on the economy and infuriate populists along with their favorite politicians. >> we have incurred greater and greater...

Super bowl ads this weekend. >> it stinks. >> much of that debt is what we are paying in part to cover all the promises made to seniors and programs like social security, which their children and grandchildren will have to pay. >> young people in particular have a stake in the outcome of this debate. because their future is being mortgaged at record rates. >> in fact, unfunded promises to social security and other entitlement programs are now more than $60 trillion, which weigh on the economy and infuriate populists along with their favorite politicians. >> we have incurred greater and greater...

Secretary and close friend elizabeth dole. brian, back to you. >> brian: all right, thank you, claudia. there seems to be a sea of red ink sfloeg out of the nation's capital these days. chief correspondent jim angle has been putting the microscope to federal spending in his series one nation under debt. and he's taking a hard look at a spending pattern some say is simply unsustainable. >> the nation con fronts scary news every year at this time. our debt levels are bad and getting worse and not only that getting a lot worse a lot faster. >> we are going to double the federal debt in the next f...

Budget. and, triple it, in the next ten years. triple the debt in ten years. i mean, these are numbers that are staggering. just plain staggering. >> young people in particular have a stake in the outcome of this debate. because there their future is mortgaged at record rates. >> reporter: u.s. debt is more than $12 trillion, but we have made promises on programs such as medicare and social security that add up to some $63 trillion. promises made the government has no money to pay for. and, this isn't just a problem for the elderly because, young americans will be the ones who have to pay the ...