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Don't have inflation in the economy and their bonds sell at 0% interest rates. a lot of economists. i would say most economists now, that metric for judging whether you have too much debt is not a valid metric in today's world, and i would not be hung up on the debt and how can we service it? we're not having trouble servicing, what they have. >> what the biden budget doeses as the questions in the right order. what do we need to do to keep our country prosperous and thriving and provide an equal opportunity to everybody? what we are saying is what can we afford to do? and the answer is no, we...

Long-term reasons. all add up over time. if you lack at the trajectory of the u.s. over the last few decades we he were actually going into the early '80s. we were are in a decemberent position in terms of the amount of government debt and spending as a share of the imply and then you had a very weak economy coming into the early '80s and that created a big problem and it just got worse. we dealt with it for a brief period at the end of the 2000s and started up again with the same problem that has just really exploded inside. >> greta: if you buy a house you is a debt and that is a good invest...

Needs to downsize. >> well, i think that -- well, the pension system. i think that we have to do is look realistically and put public employees under something like most private corporations have gone to so i think that some of the promises that it's made under its pension system, ie, that you can have a defined benefit at the end of your work lifetime i think that would be one area. i think in terms of many of the higher education facilities, you know, higher education, there's a peter principle where every higher education wants to become the next level and become either a four-year college,...

Long-term reasons. all add up over time. if you lack at the trajectory of the u.s. over the last few decades we he were actually going into the early '80s. we were are in a decemberent position in terms of the amount of government debt and spending as a share of the imply and then you had a very weak economy coming into the early '80s and that created a big problem and it just got worse. we dealt with it for a brief period at the end of the 2000s and started up again with the same problem that has just really exploded inside. >> greta: if you buy a house you is a debt and that is a good invest...